The figure better than expected job creation in July in the U.S., coupled with an unemployment rate slightly down, eased the anxieties of the markets and given them new impetus.
A few minutes after the start of trading, the Dow Jones gained 1.5% to 11,554.5 points, Standard & Poor’s 500 index 1.32% to 1215.91 points and the Nasdaq Composite 1.29% to 2589.38 points.
According to figures released Friday by the Labor Department, the U.S. economy created 117,000 non-farm jobs in July and the rate of unemployment has fallen from 9.2% to 9.1%.
Economists on average had forecast 85,000 new jobs.
Values, the way Procter & Gamble has reported an increase in its quarterly results, which pushed up the title of 2.14% on opening.