10/7, 5:36 PM (Source: TeleTrader)
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Europe closes sharply lower after US jobs report

Most major European indexes closed deep in the red on Friday as investors digested the latest jobs report from the United States. The nonfarm payrolls report showed the US added 263,000 jobs in September and that the unemployment rate fell to 3.5%, showing the jobs market is strengthening and sparking fears the US Federal Reserve will continue hiking rates as a result.

The FTSE 100 ended 0.09% lower with Ocado Group plunging 5.78%.

The DAX slid 1.59%. The worst performers were Adidas and Puma, both plummeting more than 5%.

The CAC 40 slumped 1.17%. Dassault Systemes led the losses, diving 6.53%.

The euro lost 0.06% against the dollar to sell for 0.97831 at 5:32 pm CET and the pound declined 0.46% compared to the US currency to go for 1.11135 at the same time.

Baha Breaking News (BBN) / NP