U.S. stocks rise on better-than-expected jobless data

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Source: Forexpros
© Scanpix/AP

On Thursday, October 11, U.S. stocks extended gains after data showed jobless claims fell to a four-year low. The Dow Jones Industrial Average advanced 0.4%, to 13,401.9; the Standard & Poor 500 Index jumped 0.7%,, to stand at 1,441.95, while Nasdaq 100 futures added 0.8%, to 3,074.86. The total number of Initial applications for jobless benefits declined 30,000 to 339,000, above analysts' expectations for a fall of 1,000 to 370,000.

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Thu, 11 Oct 2012 17:33:17 GMT

European stocks turned green on Thursday

A sharper-than-expected fall in the U.S. unemployment claims sent European stocks higher on Thursday. The Stoxx Europe 600 Index gained 0.9% to 271.01. Germany's DAX Index edged higher 1.2% to 7,289.56 and France's CAC 40 Index rose 1.3% to 3,407.77

Thu, 11 Oct 2012 15:55:12 GMT

German shares rally on positive US data

German equities rallied on Thursday after encouraging data from the US labour market. Restricting the upswing, the S&P cut Spanish debt rating to one level above ‘junk' status. However, Spanish concerns eased after the IMF head Christine Lagarde stated that indebted eurozone's nations should be granted more time to lower their budget deficit. The DAX Index surged 1.16% and is

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