BREAKING NEWS

Sharp rise in US jobs lifts shares, dollar

By REUTERS

NOVEMBER 2, 2012 16:35

LONDON - The dollar strengthened and Wall Street stock futures rose after a better-than-expected rise in US employment provided reassurance on the health of the world's biggest economy ahead of next week's presidential election.

The non-farm payrolls data showed employers added 171,000 jobs in October versus forecasts of 125,000, while the jobless rate was in line with expectations at 7.9 percent.

The dollar, having already hit a seven-week high in the run up to the data, rose to 80.58 yen and also climbed against the euro, with the euro buying $1.2857.

US stock futures jumped, having pointed to a broadly flat open on Wall Street before the release.

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