Interest Rate Outlook The Fed Immerse European Exchange

European stock markets fell sharply on Friday, weighed down German manufacturing data were disappointing, and US employment data are considered good enough to be considered raising interest rates this month.

German Economy Ministry reported the German manufacturing goods orders fell 1.4% in July, larger than the 0.6% decline estimated by economists. Decline in orders from abroad is said to be the cause of the negative data releases, however Kementian German economy emphasizes the trend is still rising despite a decline in July.

While the data from the US government showed addition of 173,000 workers in August, lower-than-expected 220,000. However, the unemployment rate fell to 5.1% lower than the estimated 5.2%. A decrease in the unemployment rate increases the chances that the Fed will raise interest rates next two weeks.

German DAX 30 index fell 2.7% to 10038.04, French CAC 40 index fell 2.8% to 4523.08. Britain's FTSE 100 index lost 2.4% to 6042.92.