LONDON, March 6 (Reuters) - U.S. futures and European stocks slid on Friday as the U.S.-Iran war drove oil prices to their highest level in almost two years, prompting traders to wind in their bets on interest rate cuts and fret about the impact on economic growth.
Much weaker than expected U.S. jobs data, which showed non-farm payrolls unexpectedly fell sharply in February, added to concerns about the global economy. U.S. Treasury yields fell after the data and the dollar softened.
Futures for the U.S. S&P 500 fell 0.84%, while Nasdaq futures dropped 1.02%. Europe’s STOXX 600 index slid 1%.
The MSCI all-world stock index was set to drop 2.9% in the biggest weekly fall since March 2025.
Qatar expects all Gulf energy producers to shut down exports within weeks and drive oil prices to $150 a barrel, wreaking extensive economic damage, the country’s energy minister told the Financial Times in an interview published on Friday.
