[NEW YORK] Stock markets slid Friday as better-than-expected US job data clouded investors' hopes for steep cuts in interest rates in the world's biggest economy.
Normally, financial markets should take heart from a stronger US economy, demonstrated by the latest jobs data -- with 224,000 new positions created last month, well in excess of forecasts. "Since German factory orders were nothing short of disastrous, the divergence between the domestic economy and the rest of the world is well and alive," Berman said in a note.
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