RTRS: Global stocks turn higher after U.S. payrolls
U.S. stock futures and European shares turned higher while U.S. Treasuries slipped on Friday after data showed U.S. employers axed 651,000 jobs in February, which was largely in line with market expectations.
The unemployment rate rose to 8.1 percent, its highest in 25 years. January and December job losses were revised sharply higher. In volatile trade, MSCI world equity index .MIWD00000PUS was up 0.1 percent while the FTSEurofirst 300 index .FTEU3 was up a quarter percent. The S&P futures were up 0.3 percent.
The dollar .DXY was down 1.2 percent against a basket of major currencies while the euro rose 1.5 percent at $1.2735 on the day.
Ten-year U.S. Treasuries were down 9 ticks for a yield of 2.8243 percent.
