The late Nelson Mandela's economic legacy in South Africa will be challenged as the country has yet to reduce its high unemployment rate and inequality in races.
French President Francois Hollande said he would continue to stimulate the jobs market to chip down the soaring unemployment numbers in the country.
Investors said that the bond yield spike brought about by new jobs are signals to prepare their portfolios.
The 17 nations in Euro zone suffered from recession. Unemployment was high but inflation rate remains up.
The U.S. Conference of Mayors said President Barack Obama's financial plan would hurt the economy.
Due to high unemployment rates, the Philippines Stock Exchange Index fell 4.6 percent, its biggest loss since September 2011.