US jobless data

Stock markets slid Thursday as worse-than-expected US jobless data stoked concern about the outlook for the world’s biggest economy.

The dollar fell against the euro in response to the news that just over 1.1 million people filed new claims for jobless benefits last week, a steeper rise than anticipated.

Stock prices, already in the red earlier in the session, continued lower as a result, pulled down by early losses on Wall Street.

Already on Wednesday, a sobering Federal Reserve assessment of the US economic outlook had soured sentiment on stock markets across the globe.

“The fallout from the Fed minutes …