Global stock markets have been lower all day on Friday. Here are the numbers. Those figures pushed US markets lower. The Dow Jones lost more than 250 points. The local share market also finished the week on a sour note with investors nervous ahead of those jobs numbers. The ASX 200 lost 1.5 per cent. And those losses were mirrored elsewhere in the region. Japan's Nikkei lost 110 points. The Aussie dollar is weaker against the greenback. It's currently around 106 US cents.

 

American financial stocks have also fallen on news that a government agency is planning to sue more than a dozen major banks including Bank of America, JP Morgan Chase and Goldman Sachs. The Federal * in Housing and Finance Agency says the banks misrepresented the quality of mortgages they sold during the housing bubble.

 

And European bank stocks tumbled for the first time in five days amid renewed concern over the region's recovery. There's particular concern about Greece, Spain and Italy. And the head of the European Central Bank is urging Italy to persevere with deficit reduction targets, which Rome drafted last month.