German Bunds trim losses after U.S. jobs data

LONDON Fri Jan 4, 2013 8:48am EST

LONDON Jan 4 (Reuters) - German Bund futures trimmed losses while European shares briefly extended falls on Friday after data showed U.S. jobs growth cooled slightly in December.

Payrolls outside the farming sector grew 155,000 last month, in line with analysts' expectations and slightly below the level for November which was revised up significantly to 161,000.

Some bond market participants had positioned for more robust numbers after an upbeat ADP private sector employment report on Thursday.

The Bund future rose to 142.97 from 142.65 just before the data. The FTSEurofirst 300 index of top European shares initially extended losses before turning positive. It was last 0.1 percent higher at 1,163.47 points.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.