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Global stocks rebound on US jobs report

Stocks rebounded Friday as investors breathed a sigh of relief at the news that the U.S. added more jobs than expected during July, putting a halt to one of the worst selloffs since the height of the 2008 financial crisis.

By Gabriele Steinhauser | Updated on August 05, 2011

BRUSSELS (AP) — Stocks rebounded Friday as investors breathed a sigh of relief at the news that the U.S. added more jobs than expected during July, putting a halt to one of the worst selloffs since the height of the 2008 financial crisis.

The monthly U.S. jobs data, which often set the market tone for a week or two after their release, were keenly awaited after Thursday’s rout, when stocks suffered one of their worst days since the collapse of U.S. investment bank Lehman Brothers in 2008.

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