U.S. Payrolls Spur More Losses for Europe Stocks Amid Fed Worry
- Commodity producers tumble the most among industry groups
- Stoxx 600 posts its third weekly decline out of four
Euro Market Movers: L’Oreal, Anglo American, Abengoa SA
This article is for subscribers only.
European stocks snapped a two-day advance, deepening a weekly loss amid mixed U.S. jobs data.
Anxieties about the strength of the global economy and an impending Federal Reserve rate increase rose to the fore again, wiping out yesterday’s optimism triggered by European Central Bank comments. While U.S. payrolls missed estimates in August, June and July figures were revised higher in today’s report. Unemployment also fell more than forecast, boosting the case for a rate rise. Fed officials next meet Sept. 16-17.