FTSE jumps on US hiring data

Source: Dukascopy Bank
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 an hour before closing as US reported better than expected employment data. At the moment of writing UK index is 1.23% or 70.97 points up at 5,868.05.

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Fri, 03 Feb 2012 14:43:14 GMT

US jobless rate fells to 8.3%

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

Fri, 03 Feb 2012 13:28:18 GMT

Canadian unemployment level reached 9-month record high in January

Canada's jobless rate increased to 9-month record high in January amid slower hiring. The unemployment rate grew to 7.6% compared to 7.5% in December, said Statistics Canada. Economists questioned by Bloomberg earlier predicted that jobless level will remain unchanged at 7.5%. Hiring rose by 2300 last month. Consumers account for about 50% of Canada's economy. 

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