6th January 2012
The UK's blue chip index has responded positively to new market data coming out of the US in trading today (January 6th).
As of 13:45 GMT, the FTSE 100 was up by 52 points to 5,677 following news that US job creation for December was at the high end of estimates, Proactive Investors reports.
Analysts' forecasts for growth for the US labour market fell within a wide range of between 80,000 and 220,000, with the final figure for December coming in at 200,000 new employment opportunities being created.
Furthermore, markets in the US have also responded well to the news, with the Dow Jones Industrial Average up 69 points and the S&P 500 futures index rising 8.2 points.
However, yesterday saw a reversal in fortunes for the FTSE 100, with the market diminishing slightly and recording a drop of 14 points.
Christopher Beauchamp, research analyst at IG Index, said: "A combination of worries about Europe is taking its toll on markets and on the single currency this morning. The financial health, or otherwise, of the continent's banking system is under the spotlight."
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