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In U.S., Europe, and China, the economic clouds darken
A new reading of the U.S. labour market was particularly disappointing, suggesting America still has a long, hard climb back and that its recovery is losing stream.
"Today`s weak payrolls report is unlikely to allay recent intensified concerns about deceleration after a seemingly promising start to the year," said CIBC World Markets economist Peter Buchanan.
The day kicked off with purchasing managers indexes, which take the temperature of manufacturing, in China and then in Europe. Jobs numbers across Europe were equally disappointing, highlighting the struggles, particularly of the region's weaker nations.
Read the full article here.
A new reading of the U.S. labour market was particularly disappointing, suggesting America still has a long, hard climb back and that its recovery is losing stream.
"Today`s weak payrolls report is unlikely to allay recent intensified concerns about deceleration after a seemingly promising start to the year," said CIBC World Markets economist Peter Buchanan.
The day kicked off with purchasing managers indexes, which take the temperature of manufacturing, in China and then in Europe. Jobs numbers across Europe were equally disappointing, highlighting the struggles, particularly of the region's weaker nations.
Read the full article here.