Futures prices showed Wall Street set to open as much as half a percent lower ESc1 while stock markets in Europe deepened morning falls, sending global indices towards their worst weekly losses since early February.
Earlier Asian markets had fallen by as much as 2-3 percent, helping prod the MSCI world index some 2 percent lower on the week, a reflection of the gloom which has begun to grip global investors again.
The dollar, battered by the collapse since February in expectations for rises in U.S. interest rates this year, handed back all of the day`s gains against the euro and a basket of currencies to stand roughly 0.3 percent lower. EUR= .DXY
The report showed the U.S. economy added the fewest number of jobs in seven months in April, only 160,000 compared to expectations of around 200,000.
"The labor market has been a shining beacon compared with other elements of the U.S. economy for the past few months, but no longer," said Dennis de Jong, managing director of London based broker UFX.com.
"Today’s figure has come in disappointingly low."
Payrolls numbers knock world stocks, dollar
06 May 2016
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Stock markets slid sharply on Friday and the dollar fell after U.S. non-farm payrolls numbers came in well short of forecast, adding to concerns over the pace of economic growth that have weakened investors` appetite for risk globally.
