World stock markets slip on growth fears

LONDON. April 11. KAZINFORM Stocks have fallen on fears over the health of the global economy, after last week's weak US jobs data and persistent fears over the eurozone.

The US Dow Jones index fell 1.7%, its worst day so far this year.

Earlier, France's Cac 40 fell 3.1%, the UK's FTSE 100 and Germany's Dax lost about 2.5%.

Spanish bond yields hit a new high for this year as concerns have returned about Madrid's ability to repay its debts.

Banks were hit particularly hard, with Societe Generale down 6.2% and BNP Paribas 5.7% lower in French trading. In the UK, Barclays fell 5.9% while Lloyds lost 5%.

In Germany, Commerzbank ended the day down 5.9%, BBC News reports.

Italian shares fell 5% on media reports the government was about to cut its growth forecast for this year.

And oil declined too. Brent crude fell $2.80 to just under $120 a barrel in London.

US growth

Figures released on Friday by the US Labor Department showed the smallest growth in employment in five months.

The US economy added 120,000 jobs during March, less than the 200,000 widely predicted by analysts.

Investors in Europe were given their first chance after the Easter break to react to Friday's disappointing US jobs data.

Details at

Currently reading