LONDON, April 5 European shares fell on Friday
to post their biggest daily fall of the year so far after U.S
jobs figures came in much worse than expected.
The FTSEurofirst extended falls when the U.S.
non-farm payrolls figure came in below even the rumoured weaker
numbers that had circulated in morning trade, and which had
triggered a breach of chart support for Germany's DAX.
U.S. employers hired 88,00 workers in March, under half the
consensus figure from a Reuters poll of 200,00 and the slowest
pace in nine months.
"It's a bad number, much worse than consensus or the whisper
numbers that were being circulated," Joshua Raymond, strategist
at City Index, said, referring to market talk of a non-farm
payroll reading as low as 120,000.
By the provisional close, the FTSEurofirst was down 1.5
percent at 1,162.76 points, led by the travel and leisure sector
, down 3.5 percent, amid concern about the impact on
sales of a fresh outbreak of bird flu in Asia.