Overnight
European shares closed lower on Thursday after US unemployment climbed to the highest level since 1983, reigniting concern the global recession will persist.
US stocks tumbled on Thursday after a worse-than-expected jobs report hammered hopes that the economy is close to stabilizing.
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Australian
The Australian market opened sharply lower following an overnight selloff, although over the course of the day, it rallied somewhat off its early lows. The All Ordinaries finished Friday 49 points lower.
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