US jobless rate fells to 8.3%

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Source: Bloomberg
US employment surged more than predicted in January while the unemployment level dropped to the lowest reading in last three years, confirming the US labour market is recovering and raising doubts about Fed's pledge to maintain interest rates down by the end of 2014. The number of payrolls increased by 243 000 and the jobless rate decreased to 8.3% in January. Economists earlier predicted the unemployment level to stay unchanged at 8.5% and the number of expected new jobs fluctuated around 150 000. 
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Fri, 03 Feb 2012 14:59:37 GMT

DAX rallies on PMI data and US jobs

German DAX 30 index climbed on Friday, as investors anticipated positive PMI statistics across Europe and awaited US jobs data. Utilities and consumer services posted the biggest gains within the index. Muenchener RUE, the world's biggest reinsurer contributed most to the index, adding 2%. On the downside Thyssenkrupp AG and Deutsche Bank fell 0.7% and 0.6% respectively. German index rallied

Fri, 03 Feb 2012 14:18:41 GMT

FTSE jumps on US hiring data

FTSE 100 Index improved on Friday after PMI data confirmed European region economy is gaining momentum. UK benchmark added 0.4% with eight out of ten sectors posting gains. BT Group Plc, the biggest British Internet service provider climbed more than 3% after it raised its annual operating profit forecast and reported it has attracted more subscribers. FTSE 100 accelerated sharply

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