Al-Jasser: work is underway to restructure and develop aviation infrastructure    Diriyah to host third IMFC Deputies meeting under Saudi chairmanship    15,135 decisions taken to penalize Saudis and expats for violations    Saudi-European Parliamentary Friendship Committee discusses cooperation during Strasbourg visit    Saudi stock market loses half a trillion riyals, with Aramco's losses amounting to SR340 billion Tariff turmoil rattles Gulf markets    KAU to host Digital Communication Conference in Jeddah from April 29 to May 1    TGA: Riyadh tops with 45% of 290 million orders delivered in 2024    Aja and Salma mountains draw nature lovers to Hail's rugged landscapes    US revokes all visas for South Sudanese nationals over deportation dispute    Death toll from Myanmar earthquake rises to 3,471    Macron to hold Gaza summit with Egypt and Jordan in Cairo    Benzema rescues Al Ittihad with stoppage-time equalizer in thrilling Jeddah Derby    Al Qadsiah and Al Ettifaq share spoils in tense Eastern Derby stalemate    Moussa Diaby praises Al Ittihad's resilience after Jeddah Derby draw "When you can't win, you take a point"    Saudi assistant referee Iman Al Madani joins AFC elite list for 2025    Riyadh Art Week launches with over 50 galleries showcasing global artistic dialogue    Turki Al-Sheikh announces five new Saudi film projects to be produced in Riyadh    Saudi Ministry of Education to showcase innovations at 2025 Geneva International Exhibition    Ed Sheeran weaves Persian music into new song, Azizam    Veteran Bollywood actor Manoj Kumar dies at 87    Screen time in bed linked to insomnia, study finds    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







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World stock markets weak after grim US jobs report
Published in Saudi Press Agency on 05 - 10 - 2009

Asian markets fell and European stocks were slightly higher Monday after a weaker-than-expected
U.S. jobs report raised concerns that a strong recovery in
the world's largest economy was still far off, AP reported.
Most of Asia's markets suffered modest losses, while the
dollar ticked up against the yen and crude oil prices
lingered below $70 a barrel.
Investors held back after a U.S. government report Friday
showed that employers cut 263,000 jobs last month, far
worse than the 201,000 economists expected. The
unemployment rate increased to 9.8 percent.
The news suggested companies were still relying on
cost-cutting to eke out profits and consumers were still
hurting and unlikely to boost their spending anytime soon.
It also inspired extra caution ahead of third-quarter
earnings reports this week that could shed more light on
the U.S. economy's health.
«Investors were disappointed by the worse-than-expected
U.S. report. It was yet another somber indicator that a
U.S. economic recovery is very fragile,» said Masatoshi
Sato, market analyst at Mizuho Investors Securities Co.
Ltd. in Tokyo.
In Europe, Britain's FTSE 100 was up 0.2 percent.
Germany's DAX gained 0.5 percent and France's CAC-40 was up
0.3 percent.
Japan's benchmark Nikkei 225 stock average lost 57.38
points, or 0.6 percent, to 9,674.49, sliding to an 11-week
low.
In South Korea, the Kospi dropped 2.3 percent to 1,606.90.
India's benchmark fell 1.1 percent, Australia's index was
down 0.6 percent and Singapore's benchmark fell 0.5
percent.
Hong Kong's Hang Seng added 53.58, or 0.3 percent, to
20,429.07 after trading in the red for most of the day.
Mainland China markets are closed for a weeklong holiday
and reopen Friday.
U.S. futures were up modestly, pointing to a higher open
on Wall Street. Dow futures were up 50, or 0.5 percent, at
9,485.


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