US jobs growth sends Dow rocketing, FTSE up after tarrif news
US jobs growth exceeds expectations
US Dow futures jumped 150 points on Friday after US jobs growth exceeded expectations. According to figures released by the US Labor Department, the US economy added 266,000 jobs in November, more than the predicted 187,000. Unemployment is also at its lowest since 1969.
Signs of hope in the ongoing US-China discussions meant that London stocks saw some gains by lunchtime. China has said it will waive import tariffs for some US soybean and pork shipments.
The FTSE 100 closed up 1.43 per cent at 7,239.66, while the pound was down 0.31 per cent against the dollar at 1.3117 and up 0.19 per cent against the euro at 1.1872 in late afternoon trading.
The French CAC 40 closed at 5,864.23 up 1.08 per cent. Germany's DAX closed at 13,170.15 up 115.35 points.
OPEC and its allies agreed to deepen its oil production to 500,000 barrels a day, bringing the total to 1.7m barrels a day and in the housing market, UK mortgage lender Halifax reported that UK house prices saw their biggest monthly rise since February.
At the close of European markets, Bitcoin’s price was $7401.95