Investors also cheered as China stopped allowing its currency to lose value. Chinese stock markets were in full disarray Thursday, halting trading within just 30 minutes of opening as prices slumped 7% and triggered the "circuit breaker".
Friday's solid jobs report could make it more likely that the Federal Reserve will further raise rates after announcing its first increase in almost a decade last month. "The U.S. economy is heading into 2016 with domestic and global forces pulling in different directions", according to the written assessment of HSBC Securities.
The main US benchmark, the Standard & Poor's 500 index, has now had its worst four-day start of a year in history. Crude oil also plummeted to the lowest level in more than 12 years. The Stoxx Europe 600 fell 1.5% on Friday after initial modest gains, ending the week off 6.7%, its largest one-week percentage decline since 2011.
In the meantime, Louks said that owners of the BlackBerry Priv should expect to hear some announcements on new accessories for the handset from third-party makers in the coming weeks. The full switch to Android does make sense, especially if you consider the diminishing appeal and support for the Blackberry OS platform. However, reports indicate the company is now ready to offer Priv through all the major carriers in the U.S.
Steep losses across global stock markets this week on fears about further slowing in the world's second-biggest economy have clouded investors' outlook on the greenback and on whether the Federal Reserve has room to raise USA interest rates further, if at all, in 2016, analysts said .
Trading in China was automatically suspended as a result. That set off a slump in Asian and European stocks. The Dow Jones industrial average sank 392.41 points, or 2.3 percent. Worries about China were fueled by weaker-than-expected December manufacturing activity. Most of the blame goes to China, which is believed to be the biggest threat to USA stocks this year.