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Growing doubts over the health of the US economy and fears over a possible bird flu pandemic sent global stock markets diving.
The FTSE 100 Index closed down 1.5% – its third day of losses – after figures showed the world's biggest economy created far fewer jobs than expected in March.
The London market ended down 94.3 points at 6249.8, while on Wall Street the Dow Jones Industrial Average fell 0.8%, after American employers added workers at the slowest rate in nine months.
The non-farm payroll figures – seen as a barometer for the health of the US economy – showed employers added 88,000 jobs last month, far short of the 170,000 to 200,000 expected by economists.
Market falls were echoed in Europe, with the Cac 40 in Paris down 1.7% and the Dax in Frankfurt down 2%.
Growing fears over the sustainability of America's recovery and the prospects of Europe's recession dragging on brought the FTSE 100's 10-month rally to a juddering halt. The London market has now shed about 162 points since the opening bell on Tuesday signalled the start of the second quarter.
Economic fears were compounded by nervousness about a recent outbreak of deadly bird flu in China. Reported by This is 6 hours ago.
Growing doubts over the health of the US economy and fears over a possible bird flu pandemic sent global stock markets diving.
The FTSE 100 Index closed down 1.5% – its third day of losses – after figures showed the world's biggest economy created far fewer jobs than expected in March.
The London market ended down 94.3 points at 6249.8, while on Wall Street the Dow Jones Industrial Average fell 0.8%, after American employers added workers at the slowest rate in nine months.
The non-farm payroll figures – seen as a barometer for the health of the US economy – showed employers added 88,000 jobs last month, far short of the 170,000 to 200,000 expected by economists.
Market falls were echoed in Europe, with the Cac 40 in Paris down 1.7% and the Dax in Frankfurt down 2%.
Growing fears over the sustainability of America's recovery and the prospects of Europe's recession dragging on brought the FTSE 100's 10-month rally to a juddering halt. The London market has now shed about 162 points since the opening bell on Tuesday signalled the start of the second quarter.
Economic fears were compounded by nervousness about a recent outbreak of deadly bird flu in China. Reported by This is 6 hours ago.