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You can find the current article at its original source at https://www.theguardian.com/business/live/2016/may/06/markets-nervously-await-us-jobs-report-business-live
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| Version 0 | Version 1 |
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| Markets nervously await US jobs report - business live | Markets nervously await US jobs report - business live |
| (35 minutes later) | |
| 8.23am BST | |
| 08:23 | |
| Investors are particularly nervous about the US payrolls report today following other worrying signals that the labour market is weakening in the world’s largest economy. | |
| A study published on Thursday showed the number of US workers laid off last month jumped, hitting the highest level for an April in seven years. | |
| Meanwhile the US Labor Department said the number of Americans making new claims for unemployment benefits rose 17,000 to 274,000 last week - the largest increase since February last year. | |
| Economists had forecast a smaller number of around 260,000. | |
| 8.11am BST | |
| 08:11 | |
| Oil prices are also falling this morning. | |
| Brent crude oil is down 0.5% at $44.77 a barrel. | |
| 8.09am BST | |
| 08:09 | |
| European markets open lower | |
| The cautious sentiment has spread to Europe, with markets opening lower across the board this morning. | |
| The FTSE 100 is down 0.7% at 6,076. | |
| Germany’s DAX is down 0.5%, the French CAC is down 0.7%. | |
| In Spain the IBEX is down 0.4%, while Italy’s FTSE MIB is down 0.2%. | |
| 8.01am BST | 8.01am BST |
| 08:01 | 08:01 |
| Asian markets hit one-month low | Asian markets hit one-month low |
| Shares in Asia have fallen, hitting one-month lows as fears over the US jobs recovery and the wider economy take their toll. | Shares in Asia have fallen, hitting one-month lows as fears over the US jobs recovery and the wider economy take their toll. |
| Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management” | Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management” |
| Recent global economic data and some corporate earnings from major Western firms have been lackluster, leading to risk-off trading in markets. | Recent global economic data and some corporate earnings from major Western firms have been lackluster, leading to risk-off trading in markets. |
| Japan’s Nikkei Index fell 0.25%. | Japan’s Nikkei Index fell 0.25%. |
| In China, the Shanghai Composite Index fell 2.2%, while Hong Kong’s Hang Seng was down 1.2%. | In China, the Shanghai Composite Index fell 2.2%, while Hong Kong’s Hang Seng was down 1.2%. |
| 7.39am BST | 7.39am BST |
| 07:39 | 07:39 |
| Markets await US payrolls report | Markets await US payrolls report |
| Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. | Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. |
| The big news item on the agenda today is the US payrolls report for April, published at 13.30 UK time. | The big news item on the agenda today is the US payrolls report for April, published at 13.30 UK time. |
| Economists and investors are nervous about this one. The headline non-farm payrolls figure is expected to show 202,000 jobs were created in April, fewer than the 215,000 created in March. | Economists and investors are nervous about this one. The headline non-farm payrolls figure is expected to show 202,000 jobs were created in April, fewer than the 215,000 created in March. |
| A softer US jobs market would only add to fears of a wider slowdown, and investors are fearful that the number today could be even lower, as Michael Hewson from CMC Markets explains: | A softer US jobs market would only add to fears of a wider slowdown, and investors are fearful that the number today could be even lower, as Michael Hewson from CMC Markets explains: |
| Expectations around today’s number are for 200k new jobs to be added for April, down from 215k in March, which would be more in line with the better than expected ISM non-manufacturing report which came out on Wednesday. | Expectations around today’s number are for 200k new jobs to be added for April, down from 215k in March, which would be more in line with the better than expected ISM non-manufacturing report which came out on Wednesday. |
| That saw a decent rise in the employment component, with the unemployment rate remaining steady at 5%, but there does appear to be an undercurrent of concern that suggests we could see a miss to the downside. | That saw a decent rise in the employment component, with the unemployment rate remaining steady at 5%, but there does appear to be an undercurrent of concern that suggests we could see a miss to the downside. |
| European markets are on course to end the week down for a second week, as concerns persists over the state of the global economy. Markets are expected to open lower: | European markets are on course to end the week down for a second week, as concerns persists over the state of the global economy. Markets are expected to open lower: |
| Our European opening calls:$FTSE 6108 down 9$DAX 9818 down 34$CAC 4294 down 26$IBEX 8672 down 17$MIB 17877 down 47 | Our European opening calls:$FTSE 6108 down 9$DAX 9818 down 34$CAC 4294 down 26$IBEX 8672 down 17$MIB 17877 down 47 |