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FTSE 100 extends losses after poor US non farm payroll figures

Leading shares have extended their losses after worse than expected US jobs data.

The FTSE 100 was down around 85 points ahead of the figures but has now fallen 134.31 points to 5284.34, down nearly 2.5%. US futures are now showing a 154 point decline, after being 65 points lower.

The non farm payrolls showed no jobs were created in August, compared to an expected increase of up to 75,000. July’s figure has been revised down from a 117,000 increase to a 85,000 gain.

Even more pressure is now on US Federal Reserve chairman Ben Bernanke to act to try and stimulate the flagging American economy. QE3 anyone?

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