Stocks, oil fall, yen rises after US jobs data

U.S. stock futures and oil fell on Friday and major government bonds and the yen rallied after data showed the world's biggest economy lost a bigger-than-expected 533,000 non-farm payrolls in November.

The fall in payrolls was the largest since 1974 and the U.S. jobless rate of 6.7 percent was highest since 1993. U.S. stock futures moved to stand down more than 2.6 percent on the day, pointing to a weaker open on Wall Street.

The yen was up 0.5 percent at 91.83 per dollar.

Ten-year U.S. Treasury prices were up 25 ticks in volatile trading. The December bund future was up 60 ticks. Spot gold rose to $768 an ounce.

European stocks extended their day's losses in early afternoon trade on Friday, with oils and banks leading the decline, after data showed a dire loss in U.S. jobs in November.

At 1335 GMT the pan-European FTSEurofirst 300 index was down 3.2 percent at 800.13 points.

U.S. employers axed payrolls by a shocking 533,000 in November for the weakest performance in 34 years, government data showed, as the recession inflicted a mounting toll on the U.S. labour market.

U.S. stock index futures dropped about 2 percent.

In Europe, oil shares led the decline, with BP, Royal Dutch Shell and Total all down between 4.8 and 7 percent.

Among banks, Royal Bank of Scotland shed 4.5 percent BNP Paribas dropped 3.7 percent and Barclays lost 2.9 percent.