"Our own view is that the Chinese economy is slower than people generally think, but I think the world economy is probably slower than people think, so you put those two together and it is not surprising that the trade data was weaker than expected". -China trade talks. U.S. President Donald Trump on Wednesday said that trade talks with China were moving along well and predicted either a "good deal" or no deal.
US ambassador to China Terry Branstad told the Wall Street Journal that the two sides have yet to set a date for a summit as neither feels a deal is imminent.
Investors had been waiting for the jobs report to provide more clues on the state of the world's biggest economy and were surprised to learn US nonfarm payrolls increased by 20,000 last month, trailing estimates for a 180,000 increase.
"The poor number indicates that we are suffering alongside the rest of the global economy and that it is having an impact on the USA", said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. It has declined 1.5 per cent so far this week. Japan's Nikkei. closed 2 percent lower. The Dow suffered a loss for its eleventh straight session, the longest losing streak since April 1972, according to S&P Dow Jones Indicies.
The sentiment in Asian markets was negative on Friday morning before trading began, after Thursday saw European Central Bank (ECB) Chief Mario Draghi announce a U-turn on monetary easing, reflecting growing unease over European economic activity just months after the end of years of quantitative easing was announced.
The data knocked Chinese stocks off the 20-month highs hit earlier in the week, with mainland equity indexes plunging more than 4 percent in their worst day in five months.
Swiss court receives petition to protect Algerian president from entourage
He has been in Switzerland for almost two weeks receiving what his office has called routine medical checkups. One scenario, he says, "is that the president steps down, handing power to the head of parliament".
Real Madrid president Florentino Perez 'threatened to sack Sergio Ramos'
It's not our finest hour after the game the other day, but we've got a professional duty to fulfil. "We do it day-by-day, even more so in victory".
International Women’s Day wishes 2019: Status messages and cards
Thousands of women and men have gathered in cities across the world to mark International Women's Day on 8 March. Organizers reportedly plan to protest against poverty and unpaid labor that often falls upon women.
Investors have pushed back expectations for a rise in euro zone interest rates to late-2020 from mid-2020 following the European Central Bank's decision to delay the timing of its first post-crisis rate hike. MSCI's index was on pace for its worst week since late December. Exports tumbled 16.6 percent year-on-year in yuan terms, while imports fell by 0.3 percent.
On currency markets, the euro inched up to $1.1209 after tumbling 1% on Thursday to touch $1.1176 - its lowest since June 2017.
U.S. Treasury debt yields were lower in the wake of the payrolls report.
US 10-year Treasury yields touched a fresh two week low 2.627 percent. In 2018, US job growth averaged 223,000 per month.
The most active gold contract for April delivery rose 13.20 dollars, or 1.03 percent, to settle at 1,299.30 dollars per ounce.