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US job growth slowed further in August as financial assistance from the government ran out, threatening the economy’s recovery from the COVID-19 recession.
An index of stocks across the globe fell on Thursday and the dollar rose for a fifth session running on lingering concern about another economic hit from the coronavirus pandemic.
At 8:36 a.m. ET, Dow e-minis were down 163 points, or 0.61%, S&P 500 e-minis were down 24.5 points, or 0.76%, and Nasdaq 100 e-minis were down 139 points, or 1.28%.
Brent crude futures fell 33 cents, or 0.8%, at $41.39 a barrel by 0641 GMT, and earlier fell by as much as 1.2% to $40.21. US West Texas Intermediate crude futures dropped 40 cents, or 1%, to $39.40 a barrel after earlier declining by as much as 1.4% to $39.26.
The dollar index crept just above the 94 mark against a basket of currencies after two days of losses that followed the US currency reaching a two-month high last week.
European and US stocks and oil prices recovered on Friday on US stimulus hopes, after Asian equities experienced wild swings, with traders closing out a week of carnage for world markets as the coronavirus pandemic fuels fears of a global recession.
The company has hundreds of retail stores worldwide, including 42 in China that closed or operated with reduced hours at the height of the country's outbreak.
This week marks the 25th anniversary of the Belfast (Good Friday) Agreement, which brought an end to 30 years of conflict in Northern Ireland.
Global airlines appealed for urgent government financial support as US carriers rushed to cut flights to Europe in the wake of new US travel restrictions aimed at combating the coronavirus outbreak,
US employers maintained a robust pace of hiring in February, giving the economy a strong boost as it confronts the coronavirus outbreak that has stoked financial market fears of a recession and prompted an emergency interest rate cut from the Federal Reserve.