23rd January 2012
Some of the most influential blue chip indices around the world have reported gains in trading this afternoon (January 19th) after US jobs data showed unemployment benefits in the country hit a four-year low.
The positive jobs data has resulted in a rise for the Dow Jones Industrial Average (DJIA) of 0.3 per cent, while the S&P 500 was up by 0.5 per cent, Proactive Investors reports.
In the UK, the FTSE 100 also responded favourably to the news, gaining 0.55 per cent on Wednesday's close.
"Attention now focuses on deadlocked talks between Greece and private bond holders over potential haircuts on debt to help the indebted country avoid a default that most ratings agencies see as inevitable," chief market strategist at City Index Joshua Raymond told the news provider.
Last Friday, the DJIA slipped in afternoon trading following the announcement of disappointing results from JP Morgan Chase.
The company reported lower than expected revenues and profits in the fourth quarter of 2011, resulting in the index losing 0.2 per cent of its value.
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