Markets drift despite after US jobs figures

Published May 2, 2014 3:56pm ET



LONDON (AP) — Strong U.S. job creation in April failed to boost stocks on Friday as the figures cemented expectations the Federal Reserve will continue to reduce its monetary stimulus in the months ahead.

Government figures showed the U.S. created 288,000 jobs in the month, around 70,000 more than anticipated, and the unemployment rate fell to a five-and-a-half year low of 6.3 percent.

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