Asian stocks fall after US tumble; Europe gains

Asian stock markets continuous their slump Thursday but European shares clawed back ground as traders awaited data that they hoped would explain a brighter employment picture in the U.S. Oil prices hovered below $83 a barrel, even as the dollar slipped against the yen and the euro.

Britain's FTSE 100 rose 1.9 percent to 5,104 in early trade even as Germany's DAX was 2.3 percent upper at 5,745, The CAC-40 in Paris rose 2.4 percent to 3,077 Wall Street, pummeled after Standard and Poor's ratings group stripped the U.S. of its sterling AAA credit rating last week, appear set to gain dow futures rose 1.1 percAsian Stockent to 10,842 even as S&P 500 futures were up 1.2 percent up 1,137.20.

Asian markets wobbled throughout the day amid pessimism about the health of the world's major economies but the falls in Asia be muted compared with the rout on Wall Street on Wednesday, which saw the Dow plummet 4.6 percent japan's Nikkei 225 index slipped 0.6 percent to lock at 8,981.94 as a strengthening yen, which reduces the cost of export earnings, clobbered Japan's crucial export sector.

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