International Monetary Fund Managing Director Christine Lagarde warned that the global economic outlook is becoming “worrisome,” with signs of the slowdown spreading to key emerging markets. The IMF will downgrade its forecast for global growth in an upcoming update, she said. The IMF in April forecast the global economy to grow by 3.5% in 2012.
Indications: Stock futures flat ahead of payrolls
U.S. stock index futures extended losses after U.S. nonfarm payrolls posted a smaller-than-expected June rise.
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Economic Report: U.S. posts weak 80,000 jobs gain in June
The U.S. created just 80,000 jobs in June as hiring slowed dramatically in the second quarter, confirming that the economy has hit another rough patch. Economists surveyed by MarketWatch had forecast a rise of 100,000.
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Europe Markets: Stocks extend losses after U.S. payrolls, led by Spain
Spanish banks led losses for European stocks, while dismal sales figures from Peugeot weighed on sentiment and the auto sector. European equities extended losses after the U.S. payrolls data added to a gloomy growth picture.
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London Markets: FTSE extends loss after U.S. jobs data
London shares extended losses, following European peers in the wake of the weaker-than-expected U.S. jobs data.
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Asia Markets: Most Asia markets down after China, ECB rate moves
Most Asian markets fall after a flood of action by central banks the previous day highlights the depth of concern for the global economic outlook.
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Asia Stocks to Watch: Can platinum stocks shine again?
Investors eyeing a fall in share prices for platinum firms may be starting to sense opportunity in the sector, even though there’s little sign of relief on the horizon for platinum prices.
See Asia Stocks to Watch.
Currencies: Dollar ticks higher ahead of jobs data
The dollar extends gains versus major rivals as investors seek havens in the wake of weaker-than-expected U.S. jobs data.
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