//
The European stock exchange index was standing at 1,068.53 points, but reduced its losses after being down by 0.4 per cent earlier in the day, Reuters noted.
Part of the reason for this trimming down was due to US data that revealed September non-farm payrolls decreased by 95,000.
Due to this move - which was surprising, according to the news provider - there was a rise in expectations about further monetary easing from the Federal Reserve.
But there was negative news for the index this morning as it fell by 0.7 per cent at 1,063.49 points.
Mark Bon, fund manager at Canada Life in London, said that after a few good days there was a bit of profit-taking occurring.
And he added that if payroll numbers were disappointing people may think that quantitative easing might happen sooner.
Posted by Greg Secker
