Shares and interest rates fall after disappointing job report

The disappointing U.S. employment report draws negative track the financial markets, where both equities and interest rates fall.

The German DAX stock index fell by 0.4 percent, as the job report was announced.  After a few minutes the DAX index recovered again.

The U.S. interest rates took a dive of 10 basis points for the ten-year compound case, while the short, two-year yields fell 2 basis points.

Also European interest rates fell, albeit to a lesser degree. German ten-year yields fell 3 basis points after the job report.

Big disappointment
U.S. stock futures also react negatively to the job report, showing that only 96,000 jobs were created in August, compared to the expectation of 130,000.

Simultaneously, July's job figures revised down by 22,000 and the figures are far below the 200,000 to 250.000 jobs needed to be created each month if growth is to truly get back on track in the U.S.

Before the U.S. stock market opened, expectations were subdued, the U.S. Dow Jones stock futures fell back by 0.3 percent.