World stocks on a high after US jobs data

World stocks on a high after US jobs data

It’s generally quieter today as the New York Stock Exchange is closed for Independence Day, but following yesterday’s positive jobs data from the Labor Department and reassurances of cheap money from the European bank, the world’s markets have been on a high. Asia’s stocks hit their highest level for 3 years and US bond yields and the dollar were up. In Europe the market has been reacting to the European Central Bank’s assurances that liquidity will continue with credit being readily available to banks for the foreseeable future. Many investors have been taking their profits from high valued shares. Analysts are expecting growth in earnings to reach double figures later in the year. Read the full story.