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FTSEurofirst 300 up 0.6%

FTSEurofirst 300 up 0.6%
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The pan-European stock exchange index has increased by 0.6 per cent this afternoon (October 6th).

According to Reuters, the FTSEurofirst 300 rose at 1,072.37 points after information revealed US private sector jobs decreased unexpectedly in September.

A report from ADP National Employment showed the country experienced a decrease of 39,000 private sector jobs in September, but previous predictions were that there would be an increase of 24,000.

Earlier this morning, the FTSEurofirst 300 was up to a session-high of 1.076.53 points.

Gert Jan Geels, an asset manager at Amsterdam-based Eureffect, said the eurozone economies were looking good.

He added: "We see yesterday's positive news reflected in the markets, supported by economic growth in the euro zone and hopes for U.S. unemployment later this week."

And this morning also saw positive news for miners as Anglo-American, Antofagasta, Kazakhmys and Xstrata all experienced growth of between four and 4.5 per cent.

Posted by Greg SeckerADNFCR-1681-ID-800102569-ADNFCR