Volkswagen stock slides as weak U.S. data hits European shares
(Recasts after U.S. jobs data)
* European shares erase gains after weak U.S. jobs data
* Volkswagen loses more ground, faces French probe
By Sudip Kar-Gupta
LONDON, Oct 2 (Reuters) - European shares fell on Friday after weak U.S. jobs data, and Volkswagen stock lost more ground as a French investigation added to pressure from a scandal over the carmaker's diesels emissions practice.
The pan-European FTSEurofirst 300 index had been up by about 1.5 percent before the U.S. data was released and erased all those gains to trade down 0.7 percent going into the close of the session.
U.S. employers' hiring stalled over the last two months and wages fell in September, raising new doubts that the world's biggest economy is strong enough for the Federal Reserve to raise interest rates by the end of this year.
Payrolls outside of farming rose by 142,000 last month and August figures were revised sharply lower to show only 136,000 jobs added in August, the U.S. Labor Department said.
"It was a bad U.S. jobs figure, no doubt about that," Logic Investments' Harry Shann said. Continuación...