The market opened on a high this morning in anticipation of the afternoon release of US Nonfarm payrolls. The data was published at 1.30pm and missed expectations.
In the aftermath, European markets enjoyed another boost.
The FTSE100 was up 112.08 points (+1.66%) by 2.53pm, while the German DAX gained 105.25 points (+1%) by 2.52pm.
France’s CAC 40 was the biggest gainer of the major European indices, up 74.83 points (+1.69%)
US markets also opened higher amid slow job growth in August.
The Dow Jones is up 99.65 points (0.54%) and the NASDAQ gained 28.13 (+54%).
The upswing was led by high-dividend utility stocks, benefiting from low interest rates. Energy companies also recorded gains as the price for crude oil overturned a one-week slump.
Katharina Fleiner 02/09/2016
