A 3D printed oil pump jack is seen in front of displayed stock graph and "Oil Stocks" words in this illustration picture, April 14, 2020. REUTERS
European shares fell on Friday after a stronger-than-expected US jobs report ramped up bets of another 75-basis-point rate hike by the Federal Reserve next month, while fears of a darkening growth outlook pushed shares towards weekly losses. The pan-European Stoxx 600 was down 0.8%, extending losses from earlier in the day after US non-farm payrolls were shown to increase by 528,000 jobs last month, the largest gain since February. The benchmark has lost 0.6% this week, snapping two weeks in positive territory, on worries over dour economic data from the region.
Published in The Express Tribune, August 6th, 2022.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ