Markets rally on US jobless claims $$
|Market Report: 15.30 London
This afternoon stock and forex markets have extended their rally on improved US jobless claims.
As some skeptics note, the unemployment levels are still at elevated levels, just slightly less than previously thought:
Nevertheless, after days of heavy selling on stock markets, the news is helping to fuel a rebound today. The FTSE 100 is up 0.8% while US markets are higher by around 0.3%.