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LONDON, Sept 9: Global equities rose and the dollar steadied against the euro on Thursday amid renewed confidence in the economy after some encouraging data from the United States, the world's largest economy.
London's benchmark FTSE 100 index closed 1.19 per cent higher at 5,494.16 points, the Paris CAC 40 bounced up 1.22 per cent to 3,722.15 points and the Frankfurt Dax climbed 0.93 per cent to finish at 6,221.52 points.The euro edged up to $1.2727 compared with $1.2718 late on Wednesday.
Markets were lifted after US government data showed the number of Americans filing new claims for jobless benefits fell faster than expected last week.
Claims for the week to September 4 fell to 451,000, down 27,000 from the previous week's revised figure.
The US trade deficit also dropped more than expected in July as exports reached their highest level in two years, official data showed.
This came after the Federal Reserve on Wednesday said the US economy continued growing in July and August albeit “with widespread signs of a deceleration,” calming fears of a possible return to recession.—AFP
