International markets roundup

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A roundup of trading on major world markets:

NEW YORK – Wall Street stocks have dropped after a solid US July jobs report lifted expectations the Federal Reserve will soon raise interest rates.

The Dow Jones Industrial Average lost 46.37 points (0.27 per cent) at 17,373.38 on Friday.

The broad-based S&P 500 shed 5.99 (0.29 per cent) at 2,077.57, while the tech-rich Nasdaq Composite Index fell 12.90 to (0.26 per cent) to 5,043.54.

The Labor Department said the US economy added 215,000 jobs in July and that unemployment held steady at a seven-year low rate of 5.3 per cent. Economists had expected a gain of 229,000.

LONDON – Europe’s main stock markets edged down as investors digested disappointing data out of the eurozone, a mixed US jobs report and the likelihood of an imminent US interest rate rise.

London’s FTSE 100 index finished down 0.42 per cent at 6,718.49 points.

Frankfurt’s DAX 30 ended 0.81 per cent lower at 11,490.83 points, while the CAC 40 in Paris dipped 0.72 per cent to 5,154.75.

The euro rose to $1.0957 from $1.0923 late in New York on Thursday.

HONG KONG – Asian stocks closed mixed as investors awaited the release of US jobs data while the Bank of Japan held fire on a fresh round of stimulus.

Tokyo recovered early losses to cap a second weekly advance, ending 0.29 per cent, or 60.12 points, higher at 20,724.56.

Sydney fell sharply, losing 2.41 per cent, or 135.5 points, to 5,474.8 as banking shares weighed heavily on the benchmark S&P/ASX200.

Seoul closed 0.15 per cent lower, shedding 3.06 points to finish at 2,010.23.

Hong Kong and China shares rebounded after the previous day’s losses, with the Hang Seng Index closing up 0.73 per cent, or 177.19 points, at 24,552.47, while Shanghai ended the day 2.26 per cent, or 82.66 points, higher at 3,744.20.

WELLINGTON – The S&P/NZX 50 Index dropped 60.03 points, or one per cent, to 5868.66.