World stocks fall as US jobless rate hits 10.2 pct

Nov 6th, 2009 - AOL Money & Finance

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LONDON -European and U.S. stocks fell Friday after data showed the U.S. unemployment rate jumped more than expected to 10.2 percent in October as 190,000 jobs were cut.

The rise above the psychologically-important 10 percent level was the first since 1983 and reminded investors that the world's largest economy, which last week was confirmed to have emerged from recession, will recover only slowly.

In Europe, the FTSE 100 index of leading British shares was down 0.2 percent at 5,113.31 while Germany's DAX dropped 0.5 percent to 5,452.72. The CAC-40 in France shed 0.7 percent to 3,683.16.

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