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European markets step higher after payrolls data

LONDON (MarketWatch) — European markets extended their gains in afternoon trading Friday after a better-than-expected nonfarm payrolls report. The U.K. FTSE 100 index rose 1.5% at 6,18.10, the French CAC 40 gained 1.7% at 5,081.11 and the German DAX 30 added 1.6% at 7,060.87 after the latest figures showed the U.S. economy lost 20,000 nonfarm payroll jobs in April. Economists polled by MarketWatch had been forecasting a decline of 78,000.
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Original post by Forextvblog

This entry was posted on Friday, May 2nd, 2008 at 8:34 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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