Berliner Boersenzeitung - Global stocks mostly fall despite solid US jobs data

EUR -
AED 4.26841
AFN 80.362394
ALL 97.542216
AMD 446.735356
ANG 2.080099
AOA 1065.794205
ARS 1481.767207
AUD 1.776887
AWG 2.092071
AZN 1.980459
BAM 1.954642
BBD 2.348809
BDT 141.226338
BGN 1.956132
BHD 0.43834
BIF 3466.946195
BMD 1.162261
BND 1.493215
BOB 8.038238
BRL 6.486005
BSD 1.163311
BTN 100.147673
BWP 15.618748
BYN 3.807045
BYR 22780.325028
BZD 2.336716
CAD 1.596076
CDF 3354.287055
CHF 0.932981
CLF 0.029194
CLP 1120.296341
CNY 8.342655
CNH 8.346165
COP 4674.330945
CRC 587.052233
CUC 1.162261
CUP 30.799929
CVE 110.199718
CZK 24.634179
DJF 206.947405
DKK 7.463699
DOP 70.258379
DZD 151.514244
EGP 57.439973
ERN 17.433922
ETB 161.636047
FJD 2.620788
FKP 0.866445
GBP 0.86668
GEL 3.150183
GGP 0.866445
GHS 12.127816
GIP 0.866445
GMD 83.106172
GNF 10094.020343
GTQ 8.931709
GYD 243.385819
HKD 9.121487
HNL 30.445964
HRK 7.532663
HTG 152.739518
HUF 398.923459
IDR 18977.696027
ILS 3.908598
IMP 0.866445
INR 100.127437
IQD 1523.897249
IRR 48945.741055
ISK 142.354235
JEP 0.866445
JMD 186.029797
JOD 0.824089
JPY 172.932309
KES 150.300962
KGS 101.640213
KHR 4662.238109
KMF 491.989694
KPW 1046.035344
KRW 1616.942576
KWD 0.355234
KYD 0.969426
KZT 620.152624
LAK 25087.138481
LBP 104232.653
LKR 350.972086
LRD 233.241828
LSL 20.596898
LTL 3.431856
LVL 0.703041
LYD 6.327252
MAD 10.519168
MDL 19.788278
MGA 5176.933206
MKD 61.523554
MMK 2440.413019
MNT 4167.702022
MOP 9.404829
MRU 46.275587
MUR 53.119698
MVR 17.903172
MWK 2017.205016
MXN 21.777182
MYR 4.935007
MZN 74.338683
NAD 20.596898
NGN 1779.387897
NIO 42.814637
NOK 11.838157
NPR 160.236077
NZD 1.94976
OMR 0.446995
PAB 1.163311
PEN 4.140847
PGK 4.817146
PHP 66.377189
PKR 331.310933
PLN 4.244785
PYG 9003.666265
QAR 4.229694
RON 5.072695
RSD 117.080642
RUB 91.375869
RWF 1681.00418
SAR 4.36165
SBD 9.64543
SCR 17.082281
SDG 697.942292
SEK 11.245095
SGD 1.492813
SHP 0.913355
SLE 26.62005
SLL 24372.046713
SOS 664.806172
SRD 43.245469
STD 24056.466061
STN 24.485495
SVC 10.17897
SYP 15111.55544
SZL 20.592801
THB 37.628259
TJS 11.196867
TMT 4.079538
TND 3.419874
TOP 2.722137
TRY 46.947496
TTD 7.897322
TWD 34.181766
TZS 3030.404801
UAH 48.58252
UGX 4168.530579
USD 1.162261
UYU 46.882227
UZS 14725.276806
VES 135.943958
VND 30404.760344
VUV 139.226821
WST 3.076392
XAF 655.568644
XAG 0.030448
XAU 0.000347
XCD 3.14107
XCG 2.096558
XDR 0.815317
XOF 655.568644
XPF 119.331742
YER 280.163552
ZAR 20.586499
ZMK 10461.752209
ZMW 26.785133
ZWL 374.247723
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%

Global stocks mostly fall despite solid US jobs data
Global stocks mostly fall despite solid US jobs data / Photo: SPENCER PLATT - GETTY IMAGES NORTH AMERICA/AFP

Global stocks mostly fall despite solid US jobs data

Global stocks mostly tumbled Friday to conclude a volatile week as investors fretted over inflation and worries about slowing growth despite a solid US jobs report.

Text size:

The US economy added a better-than-expected 428,000 jobs in April, with the unemployment rate remaining at a low 3.6 percent, the Labor Department reported.

The data pointed to continued strong employment growth and contained hints that some inflationary pressures may be easing, with workers' wages rising less than in March.

But investors remain anxious that rising prices and higher interest rates will hit consumers, slowing the economy's expansion in the second half of 2022.

"There is a real concern about slowing growth and the possibility that the economy could tip into recession," said Briefing.com analyst Patrick O'Hare.

Wall Street stocks flirted with positive territory at times, but finished lower, with the S&P 500 dropping 0.6 percent.

All three US indices ended with weekly losses, with the Nasdaq suffering the most at 1.5 percent.

Earlier, European indices also slumped, with London losing 1.5 percent, Frankfurt 1.6 percent and Paris 1.7 percent.

"A sinking feeling has taken over financial markets at the end of a volatile week," said Hargreaves Lansdown analyst Susannah Streeter.

"Investors are digesting the unpalatable implications of inflation and fretting that there will be a need for a bigger dose of the bitter medicine being administered to try and bring it under control."

Asian equities tumbled after steep Wall Street losses Thursday, as traders contemplated a period of fierce monetary tightening by the US Federal Reserve.

Meanwhile, the pound hit a two-year low at $1.2276, one day after the Bank of England warned that UK inflation would top 10 percent and the economy would contract later this year.

The euro jumped to 85.92 pence, which was last seen late in 2021.

Crude prices rebounded after key producers led by Saudi Arabia and Russia refused to lift output more than their planned marginal increase as they weighed tight supply concerns caused by Moscow's invasion of Ukraine.

Oil prices have also gotten support from a proposed European Union ban on Russian crude in the wake of the Ukraine invasion.

"If EU efforts to ban Russian crude and products are able to continue moving forward, it would mark the most significant measure directly targeting Russian energy exports amid a wave of sanctions," said a note from Robbie Fraser of Schneider Electric.

"Replacing Russian crude volumes is a significant logistical challenge."

- Key figures at around 2050 GMT -

New York - Dow: DOWN 0.3 percent at 32,899.37 (close)

New York - S&P 500: DOWN 0.6 percent at 4,123.34 (close)

New York - Nasdaq: DOWN 1.4 percent at 12,144.66 (close)

London - FTSE 100: DOWN 1.5 percent at 7,387.94 (close)

Frankfurt - DAX: DOWN 1.6 percent at 13,674.29 (close)

Paris - CAC 40: DOWN 1.7 percent at 6,258.36 (close)

EURO STOXX 50: DOWN 1.8 percent at 3,629.17 (close)

Hong Kong - Hang Seng Index: DOWN 3.8 percent at 20,001.96 (close)

Shanghai - Composite: DOWN 2.2 percent at 3,001.56 (close)

Tokyo - Nikkei 225: UP 0.7 percent at 27,003.56 (close)

Brent North Sea crude: UP 1.3 percent at $112.39 per barrel

West Texas Intermediate: UP 1.4 percent at $109.77 per barrel

Euro/dollar: UP at $1.0556 from $1.0542 on Thursday

Pound/dollar: DOWN at $1.2339 from $1.2362

Euro/pound: UP at 85.52 pence from 85.28 pence

Dollar/yen: UP at 130.56 yen from 130.20 yen

burs-jmb/cs

(L.Kaufmann--BBZ)