Europe Factors-Shares set to drop after disappointing US jobs
European stocks are set to drop on Tuesdayfollowing a long holiday weekend, tracking sharp losses on Wall Street where
disappointing U.S. monthly jobs data prompted investors to further cut their
exposure to risky assets such as equities.
U.S. payrolls rose far less than expected in March, data showed on Friday,
adding to a series of weaker-than-expected U.S. indicators, which have taken the
edge off a brisk stock rally in the first quarter.
Financial spreadbetters expected Britain's FTSE 100 to open 48 to 51
points lower, or down as much as 0.9 percent, Germany's DAX to open 112
to 115 points lower, or down as much as 1.7 percent, and France's CAC-40
to open 56 to 57 points lower, or down as much as 1.7 percent.
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