U.S. jobs data boost shares, dollar trims gains

Fri Jan 4, 2013 9:09am EST
 

By Marc Jones

LONDON (Reuters) - The dollar weakened and Wall Street stock futures rose after U.S. employment figures pointed to a lackluster pace of economic growth in the world's largest economy.

The non-farm payrolls data showed employers added 155,000 jobs in December versus forecasts in a Reuters poll of 150,000. November's figures were revised up to 161,000 from 146,000. The jobless rate was steady at 7.8 after the revision.

The dollar .DXY, having hit an almost 2-1/2 year high against the yen in the run up to the data, trimmed gains and also dipped back against the euro, with the euro buying $1.3028.

U.S. stock futures climbed, having pointed to a broadly flat open on Wall Street before the release. The MSCI index of world shares .MIWD00000PUS clawed back to 346.29 having been 0.23 percent lower at 345.83 beforehand.

U.S. Treasuries also erased earlier losses.

(Reporting by Marc Jones and Richard Hubbard; Editing by)

 
Traders work on the floor of the New York Stock Exchange in New York, January 3, 2013. REUTERS/Keith Bedford