U.S. and Chinese demand for European goods will be vital as the 17 countries that use the euro struggle to emerge from recession. Spending cuts by indebted governments in Italy and Spain have squeezed those economies."The extent to which the U.S. is recovering and potentially the labor market is improving is potentially an important dynamic that Europe would welcome," said Nick Matthews, an analyst at Nomura in London.
US Adds 236K Jobs, Unemployment Falls To 7.7 Pct.
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