Business

Wall Street sees biggest jump this year

Market Data

Last Updated at 23:23 GMT

Market index Current value Trend Variation % variation
Dow Jones 25075.13 Up 152.45 0.61%
Nasdaq 7077.91 Up 12.38 0.18%
FTSE 100 7695.88 Up 24.77 0.32%
Dax 13167.89 Up 189.68 1.46%
Cac 40 5413.69 Up 82.41 1.55%
BBC Global 30 10497.87 Up 38.01 0.36%

Shares on Wall Street have seen their biggest daily jump this year on hopes of a rescue for Spain's banks and a Federal Reserve survey suggesting the US economy was picking up.

The main Dow Jones index closed up 287 points, or 2.4%, at 12,415.

Markets in Europe also bounced higher, with the London and Paris exchanges up 2.4% and Frankfurt 2.1% higher.

Comments from the European Central Bank that it was not inclined to provide more stimulus failed to stop the rally.

There have been worries about the US economic recovery running out of steam after a key jobs report last week showed fewer people than expected joined the workforce.

However, the Fed said its regular Beige Book survey of businesses suggested "moderate" growth in April and May.

"Manufacturing continued to expand in most districts. Consumer spending was unchanged or up modestly. New vehicle sales remained strong and inventories of some popular models were tight," it said.

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