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GLOBAL MARKETS-Dlr lower; bunds jump after jobs data

Published 02/06/2009, 08:42 AM
Updated 02/06/2009, 08:48 AM
EUR/GBP
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LONDON, Feb 6 (Reuters) - The dollar extended losses against the euro, euro zone government bonds jumped and stocks briefly trimmed gains on Friday after data showed the deepest cut in U.S. payrolls in 34 years in January.

U.S. employers slashed 598,000 jobs in January, while the national unemployment rate shot up to 7.6 percent.

MSCI world equity index <.MIWD00000PUS> trimmed gains initially before ticking back up to stand up 0.45 percent on the day. The FTSEurofirst 300 index of leading European shares <.FTEU3> was up 1 percent.

March Bund futures jumped 29 ticks to the session high of 122.75 while long-dated U.S. Treasuries extended losses.

The dollar was down around 0.2 percent at $1.2820 per euro .

(Reporting by Natsuko Waki)

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