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string(31) "U.S. data boost global equities"
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<p class=\"byline\">By Luciana Lopez</p>
<p><span class=\"location\">NEW YORK</span> | <span class=\"timestamp\">Sat Feb 4, 2012 12:14am GMT</span></p>
</div>
<span id=\"midArticle_0\"/>
<p><span class=\"focusParagraph\"><span class=\"articleLocation\">NEW YORK</span> (Reuters) - Stocks surged and the dollar rose against the yen on Friday as news of a jump in U.S. job creation fuelled hopes for recovery in the world\'s largest economy, while uncertainty over a Greek debt restructuring deal helped keep the euro little changed.</span></p>
<span id=\"midArticle_1\"/>
<p>The January U.S. jobs report propelled the Nasdaq stock index to an 11-year high, with European stocks closing at their highest in more than six months.</p>
<span id=\"midArticle_2\"/>
<p>The data also lowered expectations for more monetary policy easing by the U.S. Federal Reserve, with analysts saying a brightening economy could support fewer arguments for stimulus.</p>
<span id=\"midArticle_3\"/>
<p>U.S. job creation last month far outstripped analysts\' expectations, with the unemployment rate dropping to a near three-year low of 8.3 percent.</p>
<span id=\"midArticle_4\"/>
<p>In addition, the pace of growth in the U.S. services sector unexpectedly accelerated to its highest in nearly a year.</p>
<span id=\"midArticle_5\"/>
<p>\"It\'s certainly supportive of the U.S. recovery and suggests that (labour market) momentum is gathering pace,\" said Brian Dolan, chief market strategist at Forex.com in Bedminster, New Jersey. \"From a trading standpoint, it\'s positive for risk, but it also lowers the prospects for QE3, which is dollar-positive,\" he added, referring to the Fed\'s quantitative easing program.</p>
<span id=\"midArticle_6\"/>
<p>With the U.S. recovery showing signs of gaining momentum, analysts said the Fed - the U.S. central bank - could have less reason to step into markets with another round of quantitative easing to add liquidity. \"The possibility of QE3 probably gets pushed back to the second half of the year,\" said Dolan.</p>
<span id=\"midArticle_7\"/>
<p>The Dow Jones industrial average <a href=\"http://uk.reuters.com/business/markets/index?symbol=us%21dji\">.DJI</a> gained 151.30 points, or 1.19 percent, to 12,856.71. The Standard & Poor\'s 500 Index <a href=\"http://uk.reuters.com/business/markets/index?symbol=us%21spx\">.SPX</a> gained 18.46 points, or 1.39 percent, to 1,344.00. The Nasdaq Composite Index <a href=\"http://uk.reuters.com/business/markets/index?symbol=us%21comp\">.IXIC</a> gained 46.84 points, or 1.64 percent, to 2,906.52.</p>
<span id=\"midArticle_8\"/>
<p>European shares surged past a resistance level, with the FTSEurofirst 300 index <a href=\"http://uk.reuters.com/business/markets/index?symbol=gb%21FTPP\">.FTEU3</a> of top European shares closing up 1.63 percent at 1,076.70.</p>
<span id=\"midArticle_9\"/>
<p>In a bullish move, the FTSEurofirst 300 broke past its 61.8 percent Fibonacci retracement level at 1,062.24 from its February 2011 high to September 2011 low, which had been a major resistance level.</p>
<span id=\"midArticle_10\"/>
<p>The index could climb to 1,113.73, the level it reached in late July 2011 before it retraced to its September 2011 low.</p>
<span id=\"midArticle_11\"/>
<p>The euro trimmed losses from earlier in the session, when lowered expectations for Fed easing had boosted the dollar.</p>
<span id=\"midArticle_12\"/>
<p>But with a restructuring deal between Greece and its creditors still elusive, said John Doyle, a currency strategist with Tempus Consulting in Washington, D.C., investors were hesitant to push the euro much in either direction.</p>
<span id=\"midArticle_13\"/>
<p>Athens is scrambling to wrap up talks on a 130-billion-euro rescue plan and a bond swap deal before big bond redemptions come due in March.</p>
<span id=\"midArticle_14\"/>
<p>Greece has repeatedly said the talks are in their final stage but has failed to secure a deal after weeks of wrangling, largely over concern that the rescue plan will not do enough to bring Greece\'s debt burden under control.</p>
<span id=\"midArticle_15\"/>
<p>\"With the Greek thing still hanging over markets, you saw (the euro) churn right back up because people aren\'t sure what\'s going to happen now,\" said Doyle.</p>
<span id=\"midArticle_0\"/>
<p>The euro last traded at $1.3152, up 0.05 percent. The dollar was last at 76.57 yen, up 0.51 percent, after touching a session high of 76.74 yen.</p>
<span id=\"midArticle_1\"/>
<p>The dollar\'s advance against the yen also eased expectations Japan would step into foreign exchange markets to brake the currency\'s growing strength.</p>
<span id=\"midArticle_2\"/>
<p>\"The Bank of Japan and the Ministry of Finance will be rejoicing because the Japanese are the single biggest beneficiaries of today\'s strong jobs number,\" said Kathy Lien, director of currency research at GFT Forex in Jersey City, New Jersey, adding that \"the pressure to intervene has been instantly lifted.\"</p>
<span id=\"midArticle_3\"/>
<p>Prices of U.S. Treasuries, often considered a safe haven in times of economic turmoil, plunged after the data. The benchmark 10-year U.S. Treasury note was down 1-1/32, with the yield at 1.94 percent.</p>
<span id=\"midArticle_4\"/>
<p>According to Jefferies, dealers were long Treasuries by $91.859 billion on January 25, the second-highest long position on record.</p>
<span id=\"midArticle_5\"/>
<p>They are now likely unloading these positions after the unexpectedly strong payroll number and ahead of the Treasury\'s planned $72 billion in new three-, 10- and 30-year bond supply next week.</p>
<span id=\"midArticle_6\"/>
<p>U.S. crude oil futures rose, snapping a five-day losing streak, as the U.S. data raised hopes for better oil demand.</p>
<span id=\"midArticle_7\"/>
<p>The upbeat economic outlook added to early gains triggered by a warning from Iran\'s supreme leader of retaliation against the West for imposing sanctions over Iran\'s nuclear program.</p>
<span id=\"midArticle_8\"/>
<p>NYMEX crude for March delivery settled at $97.84 a barrel, gaining $1.48, or 1.54 percent.</p>
<span id=\"midArticle_9\"/>
<p>(Additional reporting by <a href=\"http://blogs.reuters.com/search/journalist.php?edition=uk&n=rodrigo.campos&\">Rodrigo Campos</a>, <a href=\"http://blogs.reuters.com/search/journalist.php?edition=uk&n=steven.johnson&\">Steven C. Johnson</a> and <a href=\"http://blogs.reuters.com/search/journalist.php?edition=uk&n=daniel.bases&\">Daniel Bases</a>; Editing by <a href=\"http://blogs.reuters.com/search/journalist.php?edition=uk&n=james.dalgleish&\">James Dalgleish</a>)</p>
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<p><em>This entry passed through the <a href=\"http://fivefilters.org/content-only/\">Full-Text RSS</a> service — if this is your content and you\'re reading it on someone else\'s site, please read the FAQ at <a href=\"http://fivefilters.org/content-only/faq.php#publishers\">fivefilters.org/content-only/faq.php#publishers</a>. <a href=\"http://fivefilters.org\">Five Filters</a> recommends: <a href=\"http://shop.wikileaks.org/donate\">Donate to Wikileaks</a>.</em></p>"
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<p class=\"byline\">By Luciana Lopez</p>
<p><span class=\"location\">NEW YORK</span> | <span class=\"timestamp\">Sat Feb 4, 2012 12:14am GMT</span></p>
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<span id=\"midArticle_0\"/>
<p><span class=\"focusParagraph\"><span class=\"articleLocation\">NEW YORK</span> (Reuters) - Stocks surged and the dollar rose against the yen on Friday as news of a jump in U.S. job creation fuelled hopes for recovery in the world\'s largest economy, while uncertainty over a Greek debt restructuring deal helped keep the euro little changed.</span></p>
<span id=\"midArticle_1\"/>
<p>The January U.S. jobs report propelled the Nasdaq stock index to an 11-year high, with European stocks closing at their highest in more than six months.</p>
<span id=\"midArticle_2\"/>
<p>The data also lowered expectations for more monetary policy easing by the U.S. Federal Reserve, with analysts saying a brightening economy could support fewer arguments for stimulus.</p>
<span id=\"midArticle_3\"/>
<p>U.S. job creation last month far outstripped analysts\' expectations, with the unemployment rate dropping to a near three-year low of 8.3 percent.</p>
<span id=\"midArticle_4\"/>
<p>In addition, the pace of growth in the U.S. services sector unexpectedly accelerated to its highest in nearly a year.</p>
<span id=\"midArticle_5\"/>
<p>\"It\'s certainly supportive of the U.S. recovery and suggests that (labour market) momentum is gathering pace,\" said Brian Dolan, chief market strategist at Forex.com in Bedminster, New Jersey. \"From a trading standpoint, it\'s positive for risk, but it also lowers the prospects for QE3, which is dollar-positive,\" he added, referring to the Fed\'s quantitative easing program.</p>
<span id=\"midArticle_6\"/>
<p>With the U.S. recovery showing signs of gaining momentum, analysts said the Fed - the U.S. central bank - could have less reason to step into markets with another round of quantitative easing to add liquidity. \"The possibility of QE3 probably gets pushed back to the second half of the year,\" said Dolan.</p>
<span id=\"midArticle_7\"/>
<p>The Dow Jones industrial average <a href=\"http://uk.reuters.com/business/markets/index?symbol=us%21dji\">.DJI</a> gained 151.30 points, or 1.19 percent, to 12,856.71. The Standard & Poor\'s 500 Index <a href=\"http://uk.reuters.com/business/markets/index?symbol=us%21spx\">.SPX</a> gained 18.46 points, or 1.39 percent, to 1,344.00. The Nasdaq Composite Index <a href=\"http://uk.reuters.com/business/markets/index?symbol=us%21comp\">.IXIC</a> gained 46.84 points, or 1.64 percent, to 2,906.52.</p>
<span id=\"midArticle_8\"/>
<p>European shares surged past a resistance level, with the FTSEurofirst 300 index <a href=\"http://uk.reuters.com/business/markets/index?symbol=gb%21FTPP\">.FTEU3</a> of top European shares closing up 1.63 percent at 1,076.70.</p>
<span id=\"midArticle_9\"/>
<p>In a bullish move, the FTSEurofirst 300 broke past its 61.8 percent Fibonacci retracement level at 1,062.24 from its February 2011 high to September 2011 low, which had been a major resistance level.</p>
<span id=\"midArticle_10\"/>
<p>The index could climb to 1,113.73, the level it reached in late July 2011 before it retraced to its September 2011 low.</p>
<span id=\"midArticle_11\"/>
<p>The euro trimmed losses from earlier in the session, when lowered expectations for Fed easing had boosted the dollar.</p>
<span id=\"midArticle_12\"/>
<p>But with a restructuring deal between Greece and its creditors still elusive, said John Doyle, a currency strategist with Tempus Consulting in Washington, D.C., investors were hesitant to push the euro much in either direction.</p>
<span id=\"midArticle_13\"/>
<p>Athens is scrambling to wrap up talks on a 130-billion-euro rescue plan and a bond swap deal before big bond redemptions come due in March.</p>
<span id=\"midArticle_14\"/>
<p>Greece has repeatedly said the talks are in their final stage but has failed to secure a deal after weeks of wrangling, largely over concern that the rescue plan will not do enough to bring Greece\'s debt burden under control.</p>
<span id=\"midArticle_15\"/>
<p>\"With the Greek thing still hanging over markets, you saw (the euro) churn right back up because people aren\'t sure what\'s going to happen now,\" said Doyle.</p>
<span id=\"midArticle_0\"/>
<p>The euro last traded at $1.3152, up 0.05 percent. The dollar was last at 76.57 yen, up 0.51 percent, after touching a session high of 76.74 yen.</p>
<span id=\"midArticle_1\"/>
<p>The dollar\'s advance against the yen also eased expectations Japan would step into foreign exchange markets to brake the currency\'s growing strength.</p>
<span id=\"midArticle_2\"/>
<p>\"The Bank of Japan and the Ministry of Finance will be rejoicing because the Japanese are the single biggest beneficiaries of today\'s strong jobs number,\" said Kathy Lien, director of currency research at GFT Forex in Jersey City, New Jersey, adding that \"the pressure to intervene has been instantly lifted.\"</p>
<span id=\"midArticle_3\"/>
<p>Prices of U.S. Treasuries, often considered a safe haven in times of economic turmoil, plunged after the data. The benchmark 10-year U.S. Treasury note was down 1-1/32, with the yield at 1.94 percent.</p>
<span id=\"midArticle_4\"/>
<p>According to Jefferies, dealers were long Treasuries by $91.859 billion on January 25, the second-highest long position on record.</p>
<span id=\"midArticle_5\"/>
<p>They are now likely unloading these positions after the unexpectedly strong payroll number and ahead of the Treasury\'s planned $72 billion in new three-, 10- and 30-year bond supply next week.</p>
<span id=\"midArticle_6\"/>
<p>U.S. crude oil futures rose, snapping a five-day losing streak, as the U.S. data raised hopes for better oil demand.</p>
<span id=\"midArticle_7\"/>
<p>The upbeat economic outlook added to early gains triggered by a warning from Iran\'s supreme leader of retaliation against the West for imposing sanctions over Iran\'s nuclear program.</p>
<span id=\"midArticle_8\"/>
<p>NYMEX crude for March delivery settled at $97.84 a barrel, gaining $1.48, or 1.54 percent.</p>
<span id=\"midArticle_9\"/>
<p>(Additional reporting by <a href=\"http://blogs.reuters.com/search/journalist.php?edition=uk&n=rodrigo.campos&\">Rodrigo Campos</a>, <a href=\"http://blogs.reuters.com/search/journalist.php?edition=uk&n=steven.johnson&\">Steven C. Johnson</a> and <a href=\"http://blogs.reuters.com/search/journalist.php?edition=uk&n=daniel.bases&\">Daniel Bases</a>; Editing by <a href=\"http://blogs.reuters.com/search/journalist.php?edition=uk&n=james.dalgleish&\">James Dalgleish</a>)</p>
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<p><em>This entry passed through the <a href=\"http://fivefilters.org/content-only/\">Full-Text RSS</a> service — if this is your content and you\'re reading it on someone else\'s site, please read the FAQ at <a href=\"http://fivefilters.org/content-only/faq.php#publishers\">fivefilters.org/content-only/faq.php#publishers</a>. <a href=\"http://fivefilters.org\">Five Filters</a> recommends: <a href=\"http://shop.wikileaks.org/donate\">Donate to Wikileaks</a>.</em></p>"
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<p class="byline">By Luciana Lopez</p>
<p><span class="location">NEW YORK</span> | <span class="timestamp">Sat Feb 4, 2012 12:14am GMT</span></p>
</div>
<span id="midArticle_0"/>
<p><span class="focusParagraph"><span class="articleLocation">NEW YORK</span> (Reuters) - Stocks surged and the dollar rose against the yen on Friday as news of a jump in U.S. job creation fuelled hopes for recovery in the world's largest economy, while uncertainty over a Greek debt restructuring deal helped keep the euro little changed.</span></p>
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<p>The January U.S. jobs report propelled the Nasdaq stock index to an 11-year high, with European stocks closing at their highest in more than six months.</p>
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<p>U.S. job creation last month far outstripped analysts' expectations, with the unemployment rate dropping to a near three-year low of 8.3 percent.</p>
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<p>In addition, the pace of growth in the U.S. services sector unexpectedly accelerated to its highest in nearly a year.</p>
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<p>"It's certainly supportive of the U.S. recovery and suggests that (labour market) momentum is gathering pace," said Brian Dolan, chief market strategist at Forex.com in Bedminster, New Jersey. "From a trading standpoint, it's positive for risk, but it also lowers the prospects for QE3, which is dollar-positive," he added, referring to the Fed's quantitative easing program.</p>
<span id="midArticle_6"/>
<p>With the U.S. recovery showing signs of gaining momentum, analysts said the Fed - the U.S. central bank - could have less reason to step into markets with another round of quantitative easing to add liquidity. "The possibility of QE3 probably gets pushed back to the second half of the year," said Dolan.</p>
<span id="midArticle_7"/>
<p>The Dow Jones industrial average <a href="http://uk.reuters.com/business/markets/index?symbol=us%21dji">.DJI</a> gained 151.30 points, or 1.19 percent, to 12,856.71. The Standard & Poor's 500 Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21spx">.SPX</a> gained 18.46 points, or 1.39 percent, to 1,344.00. The Nasdaq Composite Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21comp">.IXIC</a> gained 46.84 points, or 1.64 percent, to 2,906.52.</p>
<span id="midArticle_8"/>
<p>European shares surged past a resistance level, with the FTSEurofirst 300 index <a href="http://uk.reuters.com/business/markets/index?symbol=gb%21FTPP">.FTEU3</a> of top European shares closing up 1.63 percent at 1,076.70.</p>
<span id="midArticle_9"/>
<p>In a bullish move, the FTSEurofirst 300 broke past its 61.8 percent Fibonacci retracement level at 1,062.24 from its February 2011 high to September 2011 low, which had been a major resistance level.</p>
<span id="midArticle_10"/>
<p>The index could climb to 1,113.73, the level it reached in late July 2011 before it retraced to its September 2011 low.</p>
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<p>The euro trimmed losses from earlier in the session, when lowered expectations for Fed easing had boosted the dollar.</p>
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<p>But with a restructuring deal between Greece and its creditors still elusive, said John Doyle, a currency strategist with Tempus Consulting in Washington, D.C., investors were hesitant to push the euro much in either direction.</p>
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<p>Athens is scrambling to wrap up talks on a 130-billion-euro rescue plan and a bond swap deal before big bond redemptions come due in March.</p>
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<p>Greece has repeatedly said the talks are in their final stage but has failed to secure a deal after weeks of wrangling, largely over concern that the rescue plan will not do enough to bring Greece's debt burden under control.</p>
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<p>"With the Greek thing still hanging over markets, you saw (the euro) churn right back up because people aren't sure what's going to happen now," said Doyle.</p>
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<p>The euro last traded at $1.3152, up 0.05 percent. The dollar was last at 76.57 yen, up 0.51 percent, after touching a session high of 76.74 yen.</p>
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<p>The dollar's advance against the yen also eased expectations Japan would step into foreign exchange markets to brake the currency's growing strength.</p>
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<p>"The Bank of Japan and the Ministry of Finance will be rejoicing because the Japanese are the single biggest beneficiaries of today's strong jobs number," said Kathy Lien, director of currency research at GFT Forex in Jersey City, New Jersey, adding that "the pressure to intervene has been instantly lifted."</p>
<span id="midArticle_3"/>
<p>Prices of U.S. Treasuries, often considered a safe haven in times of economic turmoil, plunged after the data. The benchmark 10-year U.S. Treasury note was down 1-1/32, with the yield at 1.94 percent.</p>
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<p>According to Jefferies, dealers were long Treasuries by $91.859 billion on January 25, the second-highest long position on record.</p>
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<p>They are now likely unloading these positions after the unexpectedly strong payroll number and ahead of the Treasury's planned $72 billion in new three-, 10- and 30-year bond supply next week.</p>
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<p>U.S. crude oil futures rose, snapping a five-day losing streak, as the U.S. data raised hopes for better oil demand.</p>
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<p>The upbeat economic outlook added to early gains triggered by a warning from Iran's supreme leader of retaliation against the West for imposing sanctions over Iran's nuclear program.</p>
<span id="midArticle_8"/>
<p>NYMEX crude for March delivery settled at $97.84 a barrel, gaining $1.48, or 1.54 percent.</p>
<span id="midArticle_9"/>
<p>(Additional reporting by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=rodrigo.campos&">Rodrigo Campos</a>, <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=steven.johnson&">Steven C. Johnson</a> and <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=daniel.bases&">Daniel Bases</a>; Editing by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=james.dalgleish&">James Dalgleish</a>)</p>
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<p class="byline">By Luciana Lopez</p>
<p><span class="location">NEW YORK</span> | <span class="timestamp">Sat Feb 4, 2012 12:14am GMT</span></p>
</div>
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<p><span class="focusParagraph"><span class="articleLocation">NEW YORK</span> (Reuters) - Stocks surged and the dollar rose against the yen on Friday as news of a jump in U.S. job creation fuelled hopes for recovery in the world's largest economy, while uncertainty over a Greek debt restructuring deal helped keep the euro little changed.</span></p>
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<p>The January U.S. jobs report propelled the Nasdaq stock index to an 11-year high, with European stocks closing at their highest in more than six months.</p>
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<p>The data also lowered expectations for more monetary policy easing by the U.S. Federal Reserve, with analysts saying a brightening economy could support fewer arguments for stimulus.</p>
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<p>U.S. job creation last month far outstripped analysts' expectations, with the unemployment rate dropping to a near three-year low of 8.3 percent.</p>
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<p>In addition, the pace of growth in the U.S. services sector unexpectedly accelerated to its highest in nearly a year.</p>
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<p>"It's certainly supportive of the U.S. recovery and suggests that (labour market) momentum is gathering pace," said Brian Dolan, chief market strategist at Forex.com in Bedminster, New Jersey. "From a trading standpoint, it's positive for risk, but it also lowers the prospects for QE3, which is dollar-positive," he added, referring to the Fed's quantitative easing program.</p>
<span id="midArticle_6"/>
<p>With the U.S. recovery showing signs of gaining momentum, analysts said the Fed - the U.S. central bank - could have less reason to step into markets with another round of quantitative easing to add liquidity. "The possibility of QE3 probably gets pushed back to the second half of the year," said Dolan.</p>
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<p>The Dow Jones industrial average <a href="http://uk.reuters.com/business/markets/index?symbol=us%21dji">.DJI</a> gained 151.30 points, or 1.19 percent, to 12,856.71. The Standard & Poor's 500 Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21spx">.SPX</a> gained 18.46 points, or 1.39 percent, to 1,344.00. The Nasdaq Composite Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21comp">.IXIC</a> gained 46.84 points, or 1.64 percent, to 2,906.52.</p>
<span id="midArticle_8"/>
<p>European shares surged past a resistance level, with the FTSEurofirst 300 index <a href="http://uk.reuters.com/business/markets/index?symbol=gb%21FTPP">.FTEU3</a> of top European shares closing up 1.63 percent at 1,076.70.</p>
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<p>In a bullish move, the FTSEurofirst 300 broke past its 61.8 percent Fibonacci retracement level at 1,062.24 from its February 2011 high to September 2011 low, which had been a major resistance level.</p>
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<p>The index could climb to 1,113.73, the level it reached in late July 2011 before it retraced to its September 2011 low.</p>
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<p>The euro trimmed losses from earlier in the session, when lowered expectations for Fed easing had boosted the dollar.</p>
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<p>But with a restructuring deal between Greece and its creditors still elusive, said John Doyle, a currency strategist with Tempus Consulting in Washington, D.C., investors were hesitant to push the euro much in either direction.</p>
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<p>Athens is scrambling to wrap up talks on a 130-billion-euro rescue plan and a bond swap deal before big bond redemptions come due in March.</p>
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<p>Greece has repeatedly said the talks are in their final stage but has failed to secure a deal after weeks of wrangling, largely over concern that the rescue plan will not do enough to bring Greece's debt burden under control.</p>
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<p>"With the Greek thing still hanging over markets, you saw (the euro) churn right back up because people aren't sure what's going to happen now," said Doyle.</p>
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<p>The euro last traded at $1.3152, up 0.05 percent. The dollar was last at 76.57 yen, up 0.51 percent, after touching a session high of 76.74 yen.</p>
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<p>The dollar's advance against the yen also eased expectations Japan would step into foreign exchange markets to brake the currency's growing strength.</p>
<span id="midArticle_2"/>
<p>"The Bank of Japan and the Ministry of Finance will be rejoicing because the Japanese are the single biggest beneficiaries of today's strong jobs number," said Kathy Lien, director of currency research at GFT Forex in Jersey City, New Jersey, adding that "the pressure to intervene has been instantly lifted."</p>
<span id="midArticle_3"/>
<p>Prices of U.S. Treasuries, often considered a safe haven in times of economic turmoil, plunged after the data. The benchmark 10-year U.S. Treasury note was down 1-1/32, with the yield at 1.94 percent.</p>
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<p>According to Jefferies, dealers were long Treasuries by $91.859 billion on January 25, the second-highest long position on record.</p>
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<p>They are now likely unloading these positions after the unexpectedly strong payroll number and ahead of the Treasury's planned $72 billion in new three-, 10- and 30-year bond supply next week.</p>
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<p>U.S. crude oil futures rose, snapping a five-day losing streak, as the U.S. data raised hopes for better oil demand.</p>
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<p>The upbeat economic outlook added to early gains triggered by a warning from Iran's supreme leader of retaliation against the West for imposing sanctions over Iran's nuclear program.</p>
<span id="midArticle_8"/>
<p>NYMEX crude for March delivery settled at $97.84 a barrel, gaining $1.48, or 1.54 percent.</p>
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<p>(Additional reporting by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=rodrigo.campos&">Rodrigo Campos</a>, <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=steven.johnson&">Steven C. Johnson</a> and <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=daniel.bases&">Daniel Bases</a>; Editing by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=james.dalgleish&">James Dalgleish</a>)</p>
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<p class="byline">By Luciana Lopez</p>
<p><span class="location">NEW YORK</span> | <span class="timestamp">Sat Feb 4, 2012 12:14am GMT</span></p>
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<p><span class="focusParagraph"><span class="articleLocation">NEW YORK</span> (Reuters) - Stocks surged and the dollar rose against the yen on Friday as news of a jump in U.S. job creation fuelled hopes for recovery in the world's largest economy, while uncertainty over a Greek debt restructuring deal helped keep the euro little changed.</span></p>
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<p>The January U.S. jobs report propelled the Nasdaq stock index to an 11-year high, with European stocks closing at their highest in more than six months.</p>
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<p>The data also lowered expectations for more monetary policy easing by the U.S. Federal Reserve, with analysts saying a brightening economy could support fewer arguments for stimulus.</p>
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<p>U.S. job creation last month far outstripped analysts' expectations, with the unemployment rate dropping to a near three-year low of 8.3 percent.</p>
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<p>In addition, the pace of growth in the U.S. services sector unexpectedly accelerated to its highest in nearly a year.</p>
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<p>"It's certainly supportive of the U.S. recovery and suggests that (labour market) momentum is gathering pace," said Brian Dolan, chief market strategist at Forex.com in Bedminster, New Jersey. "From a trading standpoint, it's positive for risk, but it also lowers the prospects for QE3, which is dollar-positive," he added, referring to the Fed's quantitative easing program.</p>
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<p>With the U.S. recovery showing signs of gaining momentum, analysts said the Fed - the U.S. central bank - could have less reason to step into markets with another round of quantitative easing to add liquidity. "The possibility of QE3 probably gets pushed back to the second half of the year," said Dolan.</p>
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<p>The Dow Jones industrial average <a href="http://uk.reuters.com/business/markets/index?symbol=us%21dji">.DJI</a> gained 151.30 points, or 1.19 percent, to 12,856.71. The Standard & Poor's 500 Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21spx">.SPX</a> gained 18.46 points, or 1.39 percent, to 1,344.00. The Nasdaq Composite Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21comp">.IXIC</a> gained 46.84 points, or 1.64 percent, to 2,906.52.</p>
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<p>European shares surged past a resistance level, with the FTSEurofirst 300 index <a href="http://uk.reuters.com/business/markets/index?symbol=gb%21FTPP">.FTEU3</a> of top European shares closing up 1.63 percent at 1,076.70.</p>
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<p>In a bullish move, the FTSEurofirst 300 broke past its 61.8 percent Fibonacci retracement level at 1,062.24 from its February 2011 high to September 2011 low, which had been a major resistance level.</p>
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<p>The index could climb to 1,113.73, the level it reached in late July 2011 before it retraced to its September 2011 low.</p>
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<p>The euro trimmed losses from earlier in the session, when lowered expectations for Fed easing had boosted the dollar.</p>
<span id="midArticle_12"/>
<p>But with a restructuring deal between Greece and its creditors still elusive, said John Doyle, a currency strategist with Tempus Consulting in Washington, D.C., investors were hesitant to push the euro much in either direction.</p>
<span id="midArticle_13"/>
<p>Athens is scrambling to wrap up talks on a 130-billion-euro rescue plan and a bond swap deal before big bond redemptions come due in March.</p>
<span id="midArticle_14"/>
<p>Greece has repeatedly said the talks are in their final stage but has failed to secure a deal after weeks of wrangling, largely over concern that the rescue plan will not do enough to bring Greece's debt burden under control.</p>
<span id="midArticle_15"/>
<p>"With the Greek thing still hanging over markets, you saw (the euro) churn right back up because people aren't sure what's going to happen now," said Doyle.</p>
<span id="midArticle_0"/>
<p>The euro last traded at $1.3152, up 0.05 percent. The dollar was last at 76.57 yen, up 0.51 percent, after touching a session high of 76.74 yen.</p>
<span id="midArticle_1"/>
<p>The dollar's advance against the yen also eased expectations Japan would step into foreign exchange markets to brake the currency's growing strength.</p>
<span id="midArticle_2"/>
<p>"The Bank of Japan and the Ministry of Finance will be rejoicing because the Japanese are the single biggest beneficiaries of today's strong jobs number," said Kathy Lien, director of currency research at GFT Forex in Jersey City, New Jersey, adding that "the pressure to intervene has been instantly lifted."</p>
<span id="midArticle_3"/>
<p>Prices of U.S. Treasuries, often considered a safe haven in times of economic turmoil, plunged after the data. The benchmark 10-year U.S. Treasury note was down 1-1/32, with the yield at 1.94 percent.</p>
<span id="midArticle_4"/>
<p>According to Jefferies, dealers were long Treasuries by $91.859 billion on January 25, the second-highest long position on record.</p>
<span id="midArticle_5"/>
<p>They are now likely unloading these positions after the unexpectedly strong payroll number and ahead of the Treasury's planned $72 billion in new three-, 10- and 30-year bond supply next week.</p>
<span id="midArticle_6"/>
<p>U.S. crude oil futures rose, snapping a five-day losing streak, as the U.S. data raised hopes for better oil demand.</p>
<span id="midArticle_7"/>
<p>The upbeat economic outlook added to early gains triggered by a warning from Iran's supreme leader of retaliation against the West for imposing sanctions over Iran's nuclear program.</p>
<span id="midArticle_8"/>
<p>NYMEX crude for March delivery settled at $97.84 a barrel, gaining $1.48, or 1.54 percent.</p>
<span id="midArticle_9"/>
<p>(Additional reporting by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=rodrigo.campos&">Rodrigo Campos</a>, <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=steven.johnson&">Steven C. Johnson</a> and <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=daniel.bases&">Daniel Bases</a>; Editing by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=james.dalgleish&">James Dalgleish</a>)</p>
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<p class="byline">By Luciana Lopez</p>
<p><span class="location">NEW YORK</span> | <span class="timestamp">Sat Feb 4, 2012 12:14am GMT</span></p>
</div>
<span id="midArticle_0"/>
<p><span class="focusParagraph"><span class="articleLocation">NEW YORK</span> (Reuters) - Stocks surged and the dollar rose against the yen on Friday as news of a jump in U.S. job creation fuelled hopes for recovery in the world's largest economy, while uncertainty over a Greek debt restructuring deal helped keep the euro little changed.</span></p>
<span id="midArticle_1"/>
<p>The January U.S. jobs report propelled the Nasdaq stock index to an 11-year high, with European stocks closing at their highest in more than six months.</p>
<span id="midArticle_2"/>
<p>The data also lowered expectations for more monetary policy easing by the U.S. Federal Reserve, with analysts saying a brightening economy could support fewer arguments for stimulus.</p>
<span id="midArticle_3"/>
<p>U.S. job creation last month far outstripped analysts' expectations, with the unemployment rate dropping to a near three-year low of 8.3 percent.</p>
<span id="midArticle_4"/>
<p>In addition, the pace of growth in the U.S. services sector unexpectedly accelerated to its highest in nearly a year.</p>
<span id="midArticle_5"/>
<p>"It's certainly supportive of the U.S. recovery and suggests that (labour market) momentum is gathering pace," said Brian Dolan, chief market strategist at Forex.com in Bedminster, New Jersey. "From a trading standpoint, it's positive for risk, but it also lowers the prospects for QE3, which is dollar-positive," he added, referring to the Fed's quantitative easing program.</p>
<span id="midArticle_6"/>
<p>With the U.S. recovery showing signs of gaining momentum, analysts said the Fed - the U.S. central bank - could have less reason to step into markets with another round of quantitative easing to add liquidity. "The possibility of QE3 probably gets pushed back to the second half of the year," said Dolan.</p>
<span id="midArticle_7"/>
<p>The Dow Jones industrial average <a href="http://uk.reuters.com/business/markets/index?symbol=us%21dji">.DJI</a> gained 151.30 points, or 1.19 percent, to 12,856.71. The Standard & Poor's 500 Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21spx">.SPX</a> gained 18.46 points, or 1.39 percent, to 1,344.00. The Nasdaq Composite Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21comp">.IXIC</a> gained 46.84 points, or 1.64 percent, to 2,906.52.</p>
<span id="midArticle_8"/>
<p>European shares surged past a resistance level, with the FTSEurofirst 300 index <a href="http://uk.reuters.com/business/markets/index?symbol=gb%21FTPP">.FTEU3</a> of top European shares closing up 1.63 percent at 1,076.70.</p>
<span id="midArticle_9"/>
<p>In a bullish move, the FTSEurofirst 300 broke past its 61.8 percent Fibonacci retracement level at 1,062.24 from its February 2011 high to September 2011 low, which had been a major resistance level.</p>
<span id="midArticle_10"/>
<p>The index could climb to 1,113.73, the level it reached in late July 2011 before it retraced to its September 2011 low.</p>
<span id="midArticle_11"/>
<p>The euro trimmed losses from earlier in the session, when lowered expectations for Fed easing had boosted the dollar.</p>
<span id="midArticle_12"/>
<p>But with a restructuring deal between Greece and its creditors still elusive, said John Doyle, a currency strategist with Tempus Consulting in Washington, D.C., investors were hesitant to push the euro much in either direction.</p>
<span id="midArticle_13"/>
<p>Athens is scrambling to wrap up talks on a 130-billion-euro rescue plan and a bond swap deal before big bond redemptions come due in March.</p>
<span id="midArticle_14"/>
<p>Greece has repeatedly said the talks are in their final stage but has failed to secure a deal after weeks of wrangling, largely over concern that the rescue plan will not do enough to bring Greece's debt burden under control.</p>
<span id="midArticle_15"/>
<p>"With the Greek thing still hanging over markets, you saw (the euro) churn right back up because people aren't sure what's going to happen now," said Doyle.</p>
<span id="midArticle_0"/>
<p>The euro last traded at $1.3152, up 0.05 percent. The dollar was last at 76.57 yen, up 0.51 percent, after touching a session high of 76.74 yen.</p>
<span id="midArticle_1"/>
<p>The dollar's advance against the yen also eased expectations Japan would step into foreign exchange markets to brake the currency's growing strength.</p>
<span id="midArticle_2"/>
<p>"The Bank of Japan and the Ministry of Finance will be rejoicing because the Japanese are the single biggest beneficiaries of today's strong jobs number," said Kathy Lien, director of currency research at GFT Forex in Jersey City, New Jersey, adding that "the pressure to intervene has been instantly lifted."</p>
<span id="midArticle_3"/>
<p>Prices of U.S. Treasuries, often considered a safe haven in times of economic turmoil, plunged after the data. The benchmark 10-year U.S. Treasury note was down 1-1/32, with the yield at 1.94 percent.</p>
<span id="midArticle_4"/>
<p>According to Jefferies, dealers were long Treasuries by $91.859 billion on January 25, the second-highest long position on record.</p>
<span id="midArticle_5"/>
<p>They are now likely unloading these positions after the unexpectedly strong payroll number and ahead of the Treasury's planned $72 billion in new three-, 10- and 30-year bond supply next week.</p>
<span id="midArticle_6"/>
<p>U.S. crude oil futures rose, snapping a five-day losing streak, as the U.S. data raised hopes for better oil demand.</p>
<span id="midArticle_7"/>
<p>The upbeat economic outlook added to early gains triggered by a warning from Iran's supreme leader of retaliation against the West for imposing sanctions over Iran's nuclear program.</p>
<span id="midArticle_8"/>
<p>NYMEX crude for March delivery settled at $97.84 a barrel, gaining $1.48, or 1.54 percent.</p>
<span id="midArticle_9"/>
<p>(Additional reporting by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=rodrigo.campos&">Rodrigo Campos</a>, <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=steven.johnson&">Steven C. Johnson</a> and <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=daniel.bases&">Daniel Bases</a>; Editing by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=james.dalgleish&">James Dalgleish</a>)</p>
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<p class="byline">By <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=clara.ferreira.marques&">Clara Ferreira-Marques</a></p>
<p><span class="location">LONDON</span> | <span class="timestamp">Fri Feb 3, 2012 8:41pm GMT</span></p>
</div>
<span id="midArticle_0"/>
<p><span class="focusParagraph"><span class="articleLocation">LONDON</span> (Reuters) - Indonesia's politically connected Bakrie family and their shareholder partner in Bumi Plc (<span id="symbol_BUMIP.L_0">BUMIP.L</span>) are seeking to oust financier Nat Rothschild and other key directors from the board of the London-listed coal miner.</span></p>
<span id="midArticle_1"/>
<p>The Bakries -- who set up their venture with Rothschild just over a year ago -- sold a stake in Bumi last November to a group backed by Indonesian businessman Samin Tan to extricate themselves from a debt crunch.</p>
<span id="midArticle_2"/>
<p>In a surprise statement on Friday, the Bakrie family and Tan, who now together own a 29 percent voting stake in Bumi, announced they were seeking greater representation, demanding a shareholder meeting to replace not only Rothschild, erstwhile partner and current chairman, but four other board directors.</p>
<span id="midArticle_3"/>
<p>The request, which arrived at Bumi's London headquarters late on Thursday, sparked fresh speculation over deteriorating relations between Rothschild and the Bakries and sent shares in the miner, one of the world's largest thermal coal exporters, down more than 4 percent.</p>
<span id="midArticle_4"/>
<p>The Bakries and Tan are demanding the replacement of Ari Hudaya, who is also chief executive of part-owned, listed miner PT Bumi, by Bakrie family lieutenant Nalinkant Amratlal Rathod. Andrew Beckham, chief financial officer, would also be replaced.</p>
<span id="midArticle_5"/>
<p>If the changes are approved by shareholders at the general meeting, to be held within the next two months, Samin Tan would become chairman under the new structure, with Indra Bakrie as co-chairman.</p>
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<p>Indra Bakrie is regarded as the business head of the multi-billion dollar Bakrie family conglomerate.</p>
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<p>Other directors who would leave if the changes are approved include the former Anglo American (<span id="symbol_AAL.L_1">AAL.L</span>) head of coal, James Campbell, one of Rothschild's first partners in his coal venture, then known as Vallar.</p>
<span id="midArticle_8"/>
<p>"This is not about personal relations," a Bakrie spokesman said, brushing off talk of a deepening rift between Rothschild and his one-time partners. "This is about the best board structure for what is a listed company."</p>
<span id="midArticle_9"/>
<p>Under the new structure, the executive roles are expected to be based in London, two sources familiar with the matter said, in a bid to improve visibility and relations with institutional shareholders.</p>
<span id="midArticle_10"/>
<p>Last year, Rothschild, who owns just under 12 percent of Bumi, called for a "radical cleaning up" of corporate governance at miner PT Bumi Resources, affiliate of Bumi Plc, in a show of frustration with his Indonesian partners.</p>
<span id="midArticle_11"/>
<p>(Reporting by Rosalba O'Brien; Editing by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=sarah.young&">Sarah Young</a> and David Cowell)</p>
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<p><span class="location">LONDON</span> | <span class="timestamp">Fri Feb 3, 2012 8:41pm GMT</span></p>
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<p><span class="focusParagraph"><span class="articleLocation">LONDON</span> (Reuters) - Indonesia's politically connected Bakrie family and their shareholder partner in Bumi Plc (<span id="symbol_BUMIP.L_0">BUMIP.L</span>) are seeking to oust financier Nat Rothschild and other key directors from the board of the London-listed coal miner.</span></p>
<span id="midArticle_1"/>
<p>The Bakries -- who set up their venture with Rothschild just over a year ago -- sold a stake in Bumi last November to a group backed by Indonesian businessman Samin Tan to extricate themselves from a debt crunch.</p>
<span id="midArticle_2"/>
<p>In a surprise statement on Friday, the Bakrie family and Tan, who now together own a 29 percent voting stake in Bumi, announced they were seeking greater representation, demanding a shareholder meeting to replace not only Rothschild, erstwhile partner and current chairman, but four other board directors.</p>
<span id="midArticle_3"/>
<p>The request, which arrived at Bumi's London headquarters late on Thursday, sparked fresh speculation over deteriorating relations between Rothschild and the Bakries and sent shares in the miner, one of the world's largest thermal coal exporters, down more than 4 percent.</p>
<span id="midArticle_4"/>
<p>The Bakries and Tan are demanding the replacement of Ari Hudaya, who is also chief executive of part-owned, listed miner PT Bumi, by Bakrie family lieutenant Nalinkant Amratlal Rathod. Andrew Beckham, chief financial officer, would also be replaced.</p>
<span id="midArticle_5"/>
<p>If the changes are approved by shareholders at the general meeting, to be held within the next two months, Samin Tan would become chairman under the new structure, with Indra Bakrie as co-chairman.</p>
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<p>Indra Bakrie is regarded as the business head of the multi-billion dollar Bakrie family conglomerate.</p>
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<p>Other directors who would leave if the changes are approved include the former Anglo American (<span id="symbol_AAL.L_1">AAL.L</span>) head of coal, James Campbell, one of Rothschild's first partners in his coal venture, then known as Vallar.</p>
<span id="midArticle_8"/>
<p>"This is not about personal relations," a Bakrie spokesman said, brushing off talk of a deepening rift between Rothschild and his one-time partners. "This is about the best board structure for what is a listed company."</p>
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<p>Under the new structure, the executive roles are expected to be based in London, two sources familiar with the matter said, in a bid to improve visibility and relations with institutional shareholders.</p>
<span id="midArticle_10"/>
<p>Last year, Rothschild, who owns just under 12 percent of Bumi, called for a "radical cleaning up" of corporate governance at miner PT Bumi Resources, affiliate of Bumi Plc, in a show of frustration with his Indonesian partners.</p>
<span id="midArticle_11"/>
<p>(Reporting by Rosalba O'Brien; Editing by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=sarah.young&">Sarah Young</a> and David Cowell)</p>
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<p class="byline">By Luciana Lopez</p>
<p><span class="location">NEW YORK</span> | <span class="timestamp">Fri Feb 3, 2012 8:28pm GMT</span></p>
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<p><span class="focusParagraph"><span class="articleLocation">NEW YORK</span> (Reuters) - Stocks surged and the dollar rose against the yen on Friday as news of a jump in U.S. job creation fuelled hopes for recovery in the world's largest economy, while uncertainty over a Greek debt restructuring deal helped keep the euro little changed.</span></p>
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<p>The January U.S. jobs report propelled the Nasdaq stock index to an 11-year high, with European stocks closing at their highest in more than six months.</p>
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<p>The data also lowered expectations for more monetary policy easing by the U.S. Federal Reserve, with analysts saying a brightening economy could support fewer arguments for stimulus.</p>
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<p>U.S. job creation last month far outstripped analysts' expectations, with the unemployment rate dropping to a near three-year low of 8.3 percent.</p>
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<p>In addition, the pace of growth in the U.S. services sector unexpectedly accelerated to its highest in nearly a year.</p>
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<p>"It's certainly supportive of the U.S. recovery and suggests that (labour market) momentum is gathering pace," said Brian Dolan, chief market strategist at Forex.com in Bedminster, New Jersey. "From a trading standpoint, it's positive for risk, but it also lowers the prospects for QE3, which is dollar-positive," he added, referring to the Fed's quantitative easing program.</p>
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<p>With the U.S. recovery showing signs of gaining momentum, analysts said the Fed - the U.S. central bank - could have less reason to step into markets with another round of quantitative easing to add liquidity. "The possibility of QE3 probably gets pushed back to the second half of the year," said Dolan.</p>
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<p>The Dow Jones industrial average <a href="http://uk.reuters.com/business/markets/index?symbol=us%21dji">.DJI</a> gained 151.30 points, or 1.19 percent, to 12,856.71. The Standard & Poor's 500 Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21spx">.SPX</a> gained 18.46 points, or 1.39 percent, to 1,344.00. The Nasdaq Composite Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21comp">.IXIC</a> gained 46.84 points, or 1.64 percent, to 2,906.52.</p>
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<p>European shares surged past a resistance level, with the FTSEurofirst 300 index <a href="http://uk.reuters.com/business/markets/index?symbol=gb%21FTPP">.FTEU3</a> of top European shares closing up 1.63 percent at 1,076.70.</p>
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<p>In a bullish move, the FTSEurofirst 300 broke past its 61.8 percent Fibonacci retracement level at 1,062.24 from its February 2011 high to September 2011 low, which had been a major resistance level.</p>
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<p>The index could climb to 1,113.73, the level it reached in late July 2011 before it retraced to its September 2011 low.</p>
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<p>The euro trimmed losses from earlier in the session, when lowered expectations for Fed easing had boosted the dollar.</p>
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<p>But with a restructuring deal between Greece and its creditors still elusive, said John Doyle, a currency strategist with Tempus Consulting in Washington, D.C., investors were hesitant to push the euro much in either direction.</p>
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<p>Athens is scrambling to wrap up talks on a 130-billion-euro rescue plan and a bond swap deal before big bond redemptions come due in March.</p>
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<p>Greece has repeatedly said the talks are in their final stage but has failed to secure a deal after weeks of wrangling, largely over concern that the rescue plan will not do enough to bring Greece's debt burden under control.</p>
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<p>"With the Greek thing still hanging over markets, you saw (the euro) churn right back up because people aren't sure what's going to happen now," said Doyle.</p>
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<p>The euro last traded at $1.3152, up 0.05 percent. The dollar was last at 76.57 yen, up 0.51 percent, after touching a session high of 76.74 yen.</p>
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<p>The dollar's advance against the yen also eased expectations Japan would step into foreign exchange markets to brake the currency's growing strength.</p>
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<p>"The Bank of Japan and the Ministry of Finance will be rejoicing because the Japanese are the single biggest beneficiaries of today's strong jobs number," said Kathy Lien, director of currency research at GFT Forex in Jersey City, New Jersey, adding that "the pressure to intervene has been instantly lifted."</p>
<span id="midArticle_3"/>
<p>Prices of U.S. Treasuries, often considered a safe haven in times of economic turmoil, plunged after the data. The benchmark 10-year U.S. Treasury note was down 1-1/32, with the yield at 1.94 percent.</p>
<span id="midArticle_4"/>
<p>According to Jefferies, dealers were long Treasuries by $91.859 billion on January 25, the second-highest long position on record.</p>
<span id="midArticle_5"/>
<p>They are now likely unloading these positions after the unexpectedly strong payroll number and ahead of the Treasury's planned $72 billion in new three-, 10- and 30-year bond supply next week.</p>
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<p>U.S. crude oil futures rose, snapping a five-day losing streak, as the U.S. data raised hopes for better oil demand.</p>
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<p>The upbeat economic outlook added to early gains triggered by a warning from Iran's supreme leader of retaliation against the West for imposing sanctions over Iran's nuclear program.</p>
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<p>NYMEX crude for March delivery settled at $97.84 a barrel, gaining $1.48, or 1.54 percent.</p>
<span id="midArticle_9"/>
<p>(Additional reporting by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=rodrigo.campos&">Rodrigo Campos</a>, <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=steven.johnson&">Steven C. Johnson</a> and <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=daniel.bases&">Daniel Bases</a>; Editing by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=james.dalgleish&">James Dalgleish</a>)</p>
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<p class="byline">By Luciana Lopez</p>
<p><span class="location">NEW YORK</span> | <span class="timestamp">Fri Feb 3, 2012 8:28pm GMT</span></p>
</div>
<span id="midArticle_0"/>
<p><span class="focusParagraph"><span class="articleLocation">NEW YORK</span> (Reuters) - Stocks surged and the dollar rose against the yen on Friday as news of a jump in U.S. job creation fuelled hopes for recovery in the world's largest economy, while uncertainty over a Greek debt restructuring deal helped keep the euro little changed.</span></p>
<span id="midArticle_1"/>
<p>The January U.S. jobs report propelled the Nasdaq stock index to an 11-year high, with European stocks closing at their highest in more than six months.</p>
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<p>The data also lowered expectations for more monetary policy easing by the U.S. Federal Reserve, with analysts saying a brightening economy could support fewer arguments for stimulus.</p>
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<p>U.S. job creation last month far outstripped analysts' expectations, with the unemployment rate dropping to a near three-year low of 8.3 percent.</p>
<span id="midArticle_4"/>
<p>In addition, the pace of growth in the U.S. services sector unexpectedly accelerated to its highest in nearly a year.</p>
<span id="midArticle_5"/>
<p>"It's certainly supportive of the U.S. recovery and suggests that (labour market) momentum is gathering pace," said Brian Dolan, chief market strategist at Forex.com in Bedminster, New Jersey. "From a trading standpoint, it's positive for risk, but it also lowers the prospects for QE3, which is dollar-positive," he added, referring to the Fed's quantitative easing program.</p>
<span id="midArticle_6"/>
<p>With the U.S. recovery showing signs of gaining momentum, analysts said the Fed - the U.S. central bank - could have less reason to step into markets with another round of quantitative easing to add liquidity. "The possibility of QE3 probably gets pushed back to the second half of the year," said Dolan.</p>
<span id="midArticle_7"/>
<p>The Dow Jones industrial average <a href="http://uk.reuters.com/business/markets/index?symbol=us%21dji">.DJI</a> gained 151.30 points, or 1.19 percent, to 12,856.71. The Standard & Poor's 500 Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21spx">.SPX</a> gained 18.46 points, or 1.39 percent, to 1,344.00. The Nasdaq Composite Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21comp">.IXIC</a> gained 46.84 points, or 1.64 percent, to 2,906.52.</p>
<span id="midArticle_8"/>
<p>European shares surged past a resistance level, with the FTSEurofirst 300 index <a href="http://uk.reuters.com/business/markets/index?symbol=gb%21FTPP">.FTEU3</a> of top European shares closing up 1.63 percent at 1,076.70.</p>
<span id="midArticle_9"/>
<p>In a bullish move, the FTSEurofirst 300 broke past its 61.8 percent Fibonacci retracement level at 1,062.24 from its February 2011 high to September 2011 low, which had been a major resistance level.</p>
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<p>The index could climb to 1,113.73, the level it reached in late July 2011 before it retraced to its September 2011 low.</p>
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<p>Athens is scrambling to wrap up talks on a 130-billion-euro rescue plan and a bond swap deal before big bond redemptions come due in March.</p>
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<p>"With the Greek thing still hanging over markets, you saw (the euro) churn right back up because people aren't sure what's going to happen now," said Doyle.</p>
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<p>"The Bank of Japan and the Ministry of Finance will be rejoicing because the Japanese are the single biggest beneficiaries of today's strong jobs number," said Kathy Lien, director of currency research at GFT Forex in Jersey City, New Jersey, adding that "the pressure to intervene has been instantly lifted."</p>
<span id="midArticle_3"/>
<p>Prices of U.S. Treasuries, often considered a safe haven in times of economic turmoil, plunged after the data. The benchmark 10-year U.S. Treasury note was down 1-1/32, with the yield at 1.94 percent.</p>
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<p>According to Jefferies, dealers were long Treasuries by $91.859 billion on January 25, the second-highest long position on record.</p>
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<p>NYMEX crude for March delivery settled at $97.84 a barrel, gaining $1.48, or 1.54 percent.</p>
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<p>(Additional reporting by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=rodrigo.campos&">Rodrigo Campos</a>, <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=steven.johnson&">Steven C. Johnson</a> and <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=daniel.bases&">Daniel Bases</a>; Editing by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=james.dalgleish&">James Dalgleish</a>)</p>
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<p class="byline">By Luciana Lopez</p>
<p><span class="location">NEW YORK</span> | <span class="timestamp">Sat Feb 4, 2012 12:14am GMT</span></p>
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<p><span class="focusParagraph"><span class="articleLocation">NEW YORK</span> (Reuters) - Stocks surged and the dollar rose against the yen on Friday as news of a jump in U.S. job creation fuelled hopes for recovery in the world's largest economy, while uncertainty over a Greek debt restructuring deal helped keep the euro little changed.</span></p>
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<p>The January U.S. jobs report propelled the Nasdaq stock index to an 11-year high, with European stocks closing at their highest in more than six months.</p>
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<p>The data also lowered expectations for more monetary policy easing by the U.S. Federal Reserve, with analysts saying a brightening economy could support fewer arguments for stimulus.</p>
<span id="midArticle_3"/>
<p>U.S. job creation last month far outstripped analysts' expectations, with the unemployment rate dropping to a near three-year low of 8.3 percent.</p>
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<p>In addition, the pace of growth in the U.S. services sector unexpectedly accelerated to its highest in nearly a year.</p>
<span id="midArticle_5"/>
<p>"It's certainly supportive of the U.S. recovery and suggests that (labour market) momentum is gathering pace," said Brian Dolan, chief market strategist at Forex.com in Bedminster, New Jersey. "From a trading standpoint, it's positive for risk, but it also lowers the prospects for QE3, which is dollar-positive," he added, referring to the Fed's quantitative easing program.</p>
<span id="midArticle_6"/>
<p>With the U.S. recovery showing signs of gaining momentum, analysts said the Fed - the U.S. central bank - could have less reason to step into markets with another round of quantitative easing to add liquidity. "The possibility of QE3 probably gets pushed back to the second half of the year," said Dolan.</p>
<span id="midArticle_7"/>
<p>The Dow Jones industrial average <a href="http://uk.reuters.com/business/markets/index?symbol=us%21dji">.DJI</a> gained 151.30 points, or 1.19 percent, to 12,856.71. The Standard & Poor's 500 Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21spx">.SPX</a> gained 18.46 points, or 1.39 percent, to 1,344.00. The Nasdaq Composite Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21comp">.IXIC</a> gained 46.84 points, or 1.64 percent, to 2,906.52.</p>
<span id="midArticle_8"/>
<p>European shares surged past a resistance level, with the FTSEurofirst 300 index <a href="http://uk.reuters.com/business/markets/index?symbol=gb%21FTPP">.FTEU3</a> of top European shares closing up 1.63 percent at 1,076.70.</p>
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<p>In a bullish move, the FTSEurofirst 300 broke past its 61.8 percent Fibonacci retracement level at 1,062.24 from its February 2011 high to September 2011 low, which had been a major resistance level.</p>
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<p>The index could climb to 1,113.73, the level it reached in late July 2011 before it retraced to its September 2011 low.</p>
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<p>The euro trimmed losses from earlier in the session, when lowered expectations for Fed easing had boosted the dollar.</p>
<span id="midArticle_12"/>
<p>But with a restructuring deal between Greece and its creditors still elusive, said John Doyle, a currency strategist with Tempus Consulting in Washington, D.C., investors were hesitant to push the euro much in either direction.</p>
<span id="midArticle_13"/>
<p>Athens is scrambling to wrap up talks on a 130-billion-euro rescue plan and a bond swap deal before big bond redemptions come due in March.</p>
<span id="midArticle_14"/>
<p>Greece has repeatedly said the talks are in their final stage but has failed to secure a deal after weeks of wrangling, largely over concern that the rescue plan will not do enough to bring Greece's debt burden under control.</p>
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<p>"With the Greek thing still hanging over markets, you saw (the euro) churn right back up because people aren't sure what's going to happen now," said Doyle.</p>
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<p>The euro last traded at $1.3152, up 0.05 percent. The dollar was last at 76.57 yen, up 0.51 percent, after touching a session high of 76.74 yen.</p>
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<p>The dollar's advance against the yen also eased expectations Japan would step into foreign exchange markets to brake the currency's growing strength.</p>
<span id="midArticle_2"/>
<p>"The Bank of Japan and the Ministry of Finance will be rejoicing because the Japanese are the single biggest beneficiaries of today's strong jobs number," said Kathy Lien, director of currency research at GFT Forex in Jersey City, New Jersey, adding that "the pressure to intervene has been instantly lifted."</p>
<span id="midArticle_3"/>
<p>Prices of U.S. Treasuries, often considered a safe haven in times of economic turmoil, plunged after the data. The benchmark 10-year U.S. Treasury note was down 1-1/32, with the yield at 1.94 percent.</p>
<span id="midArticle_4"/>
<p>According to Jefferies, dealers were long Treasuries by $91.859 billion on January 25, the second-highest long position on record.</p>
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<p>They are now likely unloading these positions after the unexpectedly strong payroll number and ahead of the Treasury's planned $72 billion in new three-, 10- and 30-year bond supply next week.</p>
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<p>U.S. crude oil futures rose, snapping a five-day losing streak, as the U.S. data raised hopes for better oil demand.</p>
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<p>The upbeat economic outlook added to early gains triggered by a warning from Iran's supreme leader of retaliation against the West for imposing sanctions over Iran's nuclear program.</p>
<span id="midArticle_8"/>
<p>NYMEX crude for March delivery settled at $97.84 a barrel, gaining $1.48, or 1.54 percent.</p>
<span id="midArticle_9"/>
<p>(Additional reporting by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=rodrigo.campos&">Rodrigo Campos</a>, <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=steven.johnson&">Steven C. Johnson</a> and <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=daniel.bases&">Daniel Bases</a>; Editing by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=james.dalgleish&">James Dalgleish</a>)</p>
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<p><em>This entry passed through the <a href="http://fivefilters.org/content-only/">Full-Text RSS</a> service — if this is your content and you're reading it on someone else's site, please read the FAQ at <a href="http://fivefilters.org/content-only/faq.php#publishers">fivefilters.org/content-only/faq.php#publishers</a>. <a href="http://fivefilters.org">Five Filters</a> recommends: <a href="http://shop.wikileaks.org/donate">Donate to Wikileaks</a>.</em></p>"
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<p class="byline">By Luciana Lopez</p>
<p><span class="location">NEW YORK</span> | <span class="timestamp">Sat Feb 4, 2012 12:14am GMT</span></p>
</div>
<span id="midArticle_0"/>
<p><span class="focusParagraph"><span class="articleLocation">NEW YORK</span> (Reuters) - Stocks surged and the dollar rose against the yen on Friday as news of a jump in U.S. job creation fuelled hopes for recovery in the world's largest economy, while uncertainty over a Greek debt restructuring deal helped keep the euro little changed.</span></p>
<span id="midArticle_1"/>
<p>The January U.S. jobs report propelled the Nasdaq stock index to an 11-year high, with European stocks closing at their highest in more than six months.</p>
<span id="midArticle_2"/>
<p>The data also lowered expectations for more monetary policy easing by the U.S. Federal Reserve, with analysts saying a brightening economy could support fewer arguments for stimulus.</p>
<span id="midArticle_3"/>
<p>U.S. job creation last month far outstripped analysts' expectations, with the unemployment rate dropping to a near three-year low of 8.3 percent.</p>
<span id="midArticle_4"/>
<p>In addition, the pace of growth in the U.S. services sector unexpectedly accelerated to its highest in nearly a year.</p>
<span id="midArticle_5"/>
<p>"It's certainly supportive of the U.S. recovery and suggests that (labour market) momentum is gathering pace," said Brian Dolan, chief market strategist at Forex.com in Bedminster, New Jersey. "From a trading standpoint, it's positive for risk, but it also lowers the prospects for QE3, which is dollar-positive," he added, referring to the Fed's quantitative easing program.</p>
<span id="midArticle_6"/>
<p>With the U.S. recovery showing signs of gaining momentum, analysts said the Fed - the U.S. central bank - could have less reason to step into markets with another round of quantitative easing to add liquidity. "The possibility of QE3 probably gets pushed back to the second half of the year," said Dolan.</p>
<span id="midArticle_7"/>
<p>The Dow Jones industrial average <a href="http://uk.reuters.com/business/markets/index?symbol=us%21dji">.DJI</a> gained 151.30 points, or 1.19 percent, to 12,856.71. The Standard & Poor's 500 Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21spx">.SPX</a> gained 18.46 points, or 1.39 percent, to 1,344.00. The Nasdaq Composite Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21comp">.IXIC</a> gained 46.84 points, or 1.64 percent, to 2,906.52.</p>
<span id="midArticle_8"/>
<p>European shares surged past a resistance level, with the FTSEurofirst 300 index <a href="http://uk.reuters.com/business/markets/index?symbol=gb%21FTPP">.FTEU3</a> of top European shares closing up 1.63 percent at 1,076.70.</p>
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<p>In a bullish move, the FTSEurofirst 300 broke past its 61.8 percent Fibonacci retracement level at 1,062.24 from its February 2011 high to September 2011 low, which had been a major resistance level.</p>
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<p>The index could climb to 1,113.73, the level it reached in late July 2011 before it retraced to its September 2011 low.</p>
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<p>The euro trimmed losses from earlier in the session, when lowered expectations for Fed easing had boosted the dollar.</p>
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<p>But with a restructuring deal between Greece and its creditors still elusive, said John Doyle, a currency strategist with Tempus Consulting in Washington, D.C., investors were hesitant to push the euro much in either direction.</p>
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<p>Athens is scrambling to wrap up talks on a 130-billion-euro rescue plan and a bond swap deal before big bond redemptions come due in March.</p>
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<p>Greece has repeatedly said the talks are in their final stage but has failed to secure a deal after weeks of wrangling, largely over concern that the rescue plan will not do enough to bring Greece's debt burden under control.</p>
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<p>"With the Greek thing still hanging over markets, you saw (the euro) churn right back up because people aren't sure what's going to happen now," said Doyle.</p>
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<p>The euro last traded at $1.3152, up 0.05 percent. The dollar was last at 76.57 yen, up 0.51 percent, after touching a session high of 76.74 yen.</p>
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<p>The dollar's advance against the yen also eased expectations Japan would step into foreign exchange markets to brake the currency's growing strength.</p>
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<p>"The Bank of Japan and the Ministry of Finance will be rejoicing because the Japanese are the single biggest beneficiaries of today's strong jobs number," said Kathy Lien, director of currency research at GFT Forex in Jersey City, New Jersey, adding that "the pressure to intervene has been instantly lifted."</p>
<span id="midArticle_3"/>
<p>Prices of U.S. Treasuries, often considered a safe haven in times of economic turmoil, plunged after the data. The benchmark 10-year U.S. Treasury note was down 1-1/32, with the yield at 1.94 percent.</p>
<span id="midArticle_4"/>
<p>According to Jefferies, dealers were long Treasuries by $91.859 billion on January 25, the second-highest long position on record.</p>
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<p>They are now likely unloading these positions after the unexpectedly strong payroll number and ahead of the Treasury's planned $72 billion in new three-, 10- and 30-year bond supply next week.</p>
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<p>U.S. crude oil futures rose, snapping a five-day losing streak, as the U.S. data raised hopes for better oil demand.</p>
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<p>The upbeat economic outlook added to early gains triggered by a warning from Iran's supreme leader of retaliation against the West for imposing sanctions over Iran's nuclear program.</p>
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<p>NYMEX crude for March delivery settled at $97.84 a barrel, gaining $1.48, or 1.54 percent.</p>
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<p>(Additional reporting by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=rodrigo.campos&">Rodrigo Campos</a>, <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=steven.johnson&">Steven C. Johnson</a> and <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=daniel.bases&">Daniel Bases</a>; Editing by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=james.dalgleish&">James Dalgleish</a>)</p>
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<p><span class="location">LONDON</span> | <span class="timestamp">Fri Feb 3, 2012 8:41pm GMT</span></p>
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<p><span class="focusParagraph"><span class="articleLocation">LONDON</span> (Reuters) - Indonesia's politically connected Bakrie family and their shareholder partner in Bumi Plc (<span id="symbol_BUMIP.L_0">BUMIP.L</span>) are seeking to oust financier Nat Rothschild and other key directors from the board of the London-listed coal miner.</span></p>
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<p>The Bakries -- who set up their venture with Rothschild just over a year ago -- sold a stake in Bumi last November to a group backed by Indonesian businessman Samin Tan to extricate themselves from a debt crunch.</p>
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<p>In a surprise statement on Friday, the Bakrie family and Tan, who now together own a 29 percent voting stake in Bumi, announced they were seeking greater representation, demanding a shareholder meeting to replace not only Rothschild, erstwhile partner and current chairman, but four other board directors.</p>
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<p>The request, which arrived at Bumi's London headquarters late on Thursday, sparked fresh speculation over deteriorating relations between Rothschild and the Bakries and sent shares in the miner, one of the world's largest thermal coal exporters, down more than 4 percent.</p>
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<p>The Bakries and Tan are demanding the replacement of Ari Hudaya, who is also chief executive of part-owned, listed miner PT Bumi, by Bakrie family lieutenant Nalinkant Amratlal Rathod. Andrew Beckham, chief financial officer, would also be replaced.</p>
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<p>If the changes are approved by shareholders at the general meeting, to be held within the next two months, Samin Tan would become chairman under the new structure, with Indra Bakrie as co-chairman.</p>
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<p>Indra Bakrie is regarded as the business head of the multi-billion dollar Bakrie family conglomerate.</p>
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<p>Other directors who would leave if the changes are approved include the former Anglo American (<span id="symbol_AAL.L_1">AAL.L</span>) head of coal, James Campbell, one of Rothschild's first partners in his coal venture, then known as Vallar.</p>
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<p>"This is not about personal relations," a Bakrie spokesman said, brushing off talk of a deepening rift between Rothschild and his one-time partners. "This is about the best board structure for what is a listed company."</p>
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<p>Under the new structure, the executive roles are expected to be based in London, two sources familiar with the matter said, in a bid to improve visibility and relations with institutional shareholders.</p>
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<p>Last year, Rothschild, who owns just under 12 percent of Bumi, called for a "radical cleaning up" of corporate governance at miner PT Bumi Resources, affiliate of Bumi Plc, in a show of frustration with his Indonesian partners.</p>
<span id="midArticle_11"/>
<p>(Reporting by Rosalba O'Brien; Editing by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=sarah.young&">Sarah Young</a> and David Cowell)</p>
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<p><span class="location">LONDON</span> | <span class="timestamp">Fri Feb 3, 2012 8:41pm GMT</span></p>
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<p><span class="focusParagraph"><span class="articleLocation">LONDON</span> (Reuters) - Indonesia's politically connected Bakrie family and their shareholder partner in Bumi Plc (<span id="symbol_BUMIP.L_0">BUMIP.L</span>) are seeking to oust financier Nat Rothschild and other key directors from the board of the London-listed coal miner.</span></p>
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<p>The Bakries -- who set up their venture with Rothschild just over a year ago -- sold a stake in Bumi last November to a group backed by Indonesian businessman Samin Tan to extricate themselves from a debt crunch.</p>
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<p>In a surprise statement on Friday, the Bakrie family and Tan, who now together own a 29 percent voting stake in Bumi, announced they were seeking greater representation, demanding a shareholder meeting to replace not only Rothschild, erstwhile partner and current chairman, but four other board directors.</p>
<span id="midArticle_3"/>
<p>The request, which arrived at Bumi's London headquarters late on Thursday, sparked fresh speculation over deteriorating relations between Rothschild and the Bakries and sent shares in the miner, one of the world's largest thermal coal exporters, down more than 4 percent.</p>
<span id="midArticle_4"/>
<p>The Bakries and Tan are demanding the replacement of Ari Hudaya, who is also chief executive of part-owned, listed miner PT Bumi, by Bakrie family lieutenant Nalinkant Amratlal Rathod. Andrew Beckham, chief financial officer, would also be replaced.</p>
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<p>If the changes are approved by shareholders at the general meeting, to be held within the next two months, Samin Tan would become chairman under the new structure, with Indra Bakrie as co-chairman.</p>
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<p>Indra Bakrie is regarded as the business head of the multi-billion dollar Bakrie family conglomerate.</p>
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<p>Other directors who would leave if the changes are approved include the former Anglo American (<span id="symbol_AAL.L_1">AAL.L</span>) head of coal, James Campbell, one of Rothschild's first partners in his coal venture, then known as Vallar.</p>
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<p>"This is not about personal relations," a Bakrie spokesman said, brushing off talk of a deepening rift between Rothschild and his one-time partners. "This is about the best board structure for what is a listed company."</p>
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<p>Under the new structure, the executive roles are expected to be based in London, two sources familiar with the matter said, in a bid to improve visibility and relations with institutional shareholders.</p>
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<p>Last year, Rothschild, who owns just under 12 percent of Bumi, called for a "radical cleaning up" of corporate governance at miner PT Bumi Resources, affiliate of Bumi Plc, in a show of frustration with his Indonesian partners.</p>
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<p>(Reporting by Rosalba O'Brien; Editing by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=sarah.young&">Sarah Young</a> and David Cowell)</p>
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<p><span class="location">NEW YORK</span> | <span class="timestamp">Fri Feb 3, 2012 8:28pm GMT</span></p>
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<p><span class="focusParagraph"><span class="articleLocation">NEW YORK</span> (Reuters) - Stocks surged and the dollar rose against the yen on Friday as news of a jump in U.S. job creation fuelled hopes for recovery in the world's largest economy, while uncertainty over a Greek debt restructuring deal helped keep the euro little changed.</span></p>
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<p>The January U.S. jobs report propelled the Nasdaq stock index to an 11-year high, with European stocks closing at their highest in more than six months.</p>
<span id="midArticle_2"/>
<p>The data also lowered expectations for more monetary policy easing by the U.S. Federal Reserve, with analysts saying a brightening economy could support fewer arguments for stimulus.</p>
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<p>U.S. job creation last month far outstripped analysts' expectations, with the unemployment rate dropping to a near three-year low of 8.3 percent.</p>
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<p>In addition, the pace of growth in the U.S. services sector unexpectedly accelerated to its highest in nearly a year.</p>
<span id="midArticle_5"/>
<p>"It's certainly supportive of the U.S. recovery and suggests that (labour market) momentum is gathering pace," said Brian Dolan, chief market strategist at Forex.com in Bedminster, New Jersey. "From a trading standpoint, it's positive for risk, but it also lowers the prospects for QE3, which is dollar-positive," he added, referring to the Fed's quantitative easing program.</p>
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<p>With the U.S. recovery showing signs of gaining momentum, analysts said the Fed - the U.S. central bank - could have less reason to step into markets with another round of quantitative easing to add liquidity. "The possibility of QE3 probably gets pushed back to the second half of the year," said Dolan.</p>
<span id="midArticle_7"/>
<p>The Dow Jones industrial average <a href="http://uk.reuters.com/business/markets/index?symbol=us%21dji">.DJI</a> gained 151.30 points, or 1.19 percent, to 12,856.71. The Standard & Poor's 500 Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21spx">.SPX</a> gained 18.46 points, or 1.39 percent, to 1,344.00. The Nasdaq Composite Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21comp">.IXIC</a> gained 46.84 points, or 1.64 percent, to 2,906.52.</p>
<span id="midArticle_8"/>
<p>European shares surged past a resistance level, with the FTSEurofirst 300 index <a href="http://uk.reuters.com/business/markets/index?symbol=gb%21FTPP">.FTEU3</a> of top European shares closing up 1.63 percent at 1,076.70.</p>
<span id="midArticle_9"/>
<p>In a bullish move, the FTSEurofirst 300 broke past its 61.8 percent Fibonacci retracement level at 1,062.24 from its February 2011 high to September 2011 low, which had been a major resistance level.</p>
<span id="midArticle_10"/>
<p>The index could climb to 1,113.73, the level it reached in late July 2011 before it retraced to its September 2011 low.</p>
<span id="midArticle_11"/>
<p>The euro trimmed losses from earlier in the session, when lowered expectations for Fed easing had boosted the dollar.</p>
<span id="midArticle_12"/>
<p>But with a restructuring deal between Greece and its creditors still elusive, said John Doyle, a currency strategist with Tempus Consulting in Washington, D.C., investors were hesitant to push the euro much in either direction.</p>
<span id="midArticle_13"/>
<p>Athens is scrambling to wrap up talks on a 130-billion-euro rescue plan and a bond swap deal before big bond redemptions come due in March.</p>
<span id="midArticle_14"/>
<p>Greece has repeatedly said the talks are in their final stage but has failed to secure a deal after weeks of wrangling, largely over concern that the rescue plan will not do enough to bring Greece's debt burden under control.</p>
<span id="midArticle_15"/>
<p>"With the Greek thing still hanging over markets, you saw (the euro) churn right back up because people aren't sure what's going to happen now," said Doyle.</p>
<span id="midArticle_0"/>
<p>The euro last traded at $1.3152, up 0.05 percent. The dollar was last at 76.57 yen, up 0.51 percent, after touching a session high of 76.74 yen.</p>
<span id="midArticle_1"/>
<p>The dollar's advance against the yen also eased expectations Japan would step into foreign exchange markets to brake the currency's growing strength.</p>
<span id="midArticle_2"/>
<p>"The Bank of Japan and the Ministry of Finance will be rejoicing because the Japanese are the single biggest beneficiaries of today's strong jobs number," said Kathy Lien, director of currency research at GFT Forex in Jersey City, New Jersey, adding that "the pressure to intervene has been instantly lifted."</p>
<span id="midArticle_3"/>
<p>Prices of U.S. Treasuries, often considered a safe haven in times of economic turmoil, plunged after the data. The benchmark 10-year U.S. Treasury note was down 1-1/32, with the yield at 1.94 percent.</p>
<span id="midArticle_4"/>
<p>According to Jefferies, dealers were long Treasuries by $91.859 billion on January 25, the second-highest long position on record.</p>
<span id="midArticle_5"/>
<p>They are now likely unloading these positions after the unexpectedly strong payroll number and ahead of the Treasury's planned $72 billion in new three-, 10- and 30-year bond supply next week.</p>
<span id="midArticle_6"/>
<p>U.S. crude oil futures rose, snapping a five-day losing streak, as the U.S. data raised hopes for better oil demand.</p>
<span id="midArticle_7"/>
<p>The upbeat economic outlook added to early gains triggered by a warning from Iran's supreme leader of retaliation against the West for imposing sanctions over Iran's nuclear program.</p>
<span id="midArticle_8"/>
<p>NYMEX crude for March delivery settled at $97.84 a barrel, gaining $1.48, or 1.54 percent.</p>
<span id="midArticle_9"/>
<p>(Additional reporting by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=rodrigo.campos&">Rodrigo Campos</a>, <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=steven.johnson&">Steven C. Johnson</a> and <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=daniel.bases&">Daniel Bases</a>; Editing by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=james.dalgleish&">James Dalgleish</a>)</p>
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<p><span class="focusParagraph"><span class="articleLocation">NEW YORK</span> (Reuters) - Stocks surged and the dollar rose against the yen on Friday as news of a jump in U.S. job creation fuelled hopes for recovery in the world's largest economy, while uncertainty over a Greek debt restructuring deal helped keep the euro little changed.</span></p>
<span id="midArticle_1"/>
<p>The January U.S. jobs report propelled the Nasdaq stock index to an 11-year high, with European stocks closing at their highest in more than six months.</p>
<span id="midArticle_2"/>
<p>The data also lowered expectations for more monetary policy easing by the U.S. Federal Reserve, with analysts saying a brightening economy could support fewer arguments for stimulus.</p>
<span id="midArticle_3"/>
<p>U.S. job creation last month far outstripped analysts' expectations, with the unemployment rate dropping to a near three-year low of 8.3 percent.</p>
<span id="midArticle_4"/>
<p>In addition, the pace of growth in the U.S. services sector unexpectedly accelerated to its highest in nearly a year.</p>
<span id="midArticle_5"/>
<p>"It's certainly supportive of the U.S. recovery and suggests that (labour market) momentum is gathering pace," said Brian Dolan, chief market strategist at Forex.com in Bedminster, New Jersey. "From a trading standpoint, it's positive for risk, but it also lowers the prospects for QE3, which is dollar-positive," he added, referring to the Fed's quantitative easing program.</p>
<span id="midArticle_6"/>
<p>With the U.S. recovery showing signs of gaining momentum, analysts said the Fed - the U.S. central bank - could have less reason to step into markets with another round of quantitative easing to add liquidity. "The possibility of QE3 probably gets pushed back to the second half of the year," said Dolan.</p>
<span id="midArticle_7"/>
<p>The Dow Jones industrial average <a href="http://uk.reuters.com/business/markets/index?symbol=us%21dji">.DJI</a> gained 151.30 points, or 1.19 percent, to 12,856.71. The Standard & Poor's 500 Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21spx">.SPX</a> gained 18.46 points, or 1.39 percent, to 1,344.00. The Nasdaq Composite Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21comp">.IXIC</a> gained 46.84 points, or 1.64 percent, to 2,906.52.</p>
<span id="midArticle_8"/>
<p>European shares surged past a resistance level, with the FTSEurofirst 300 index <a href="http://uk.reuters.com/business/markets/index?symbol=gb%21FTPP">.FTEU3</a> of top European shares closing up 1.63 percent at 1,076.70.</p>
<span id="midArticle_9"/>
<p>In a bullish move, the FTSEurofirst 300 broke past its 61.8 percent Fibonacci retracement level at 1,062.24 from its February 2011 high to September 2011 low, which had been a major resistance level.</p>
<span id="midArticle_10"/>
<p>The index could climb to 1,113.73, the level it reached in late July 2011 before it retraced to its September 2011 low.</p>
<span id="midArticle_11"/>
<p>The euro trimmed losses from earlier in the session, when lowered expectations for Fed easing had boosted the dollar.</p>
<span id="midArticle_12"/>
<p>But with a restructuring deal between Greece and its creditors still elusive, said John Doyle, a currency strategist with Tempus Consulting in Washington, D.C., investors were hesitant to push the euro much in either direction.</p>
<span id="midArticle_13"/>
<p>Athens is scrambling to wrap up talks on a 130-billion-euro rescue plan and a bond swap deal before big bond redemptions come due in March.</p>
<span id="midArticle_14"/>
<p>Greece has repeatedly said the talks are in their final stage but has failed to secure a deal after weeks of wrangling, largely over concern that the rescue plan will not do enough to bring Greece's debt burden under control.</p>
<span id="midArticle_15"/>
<p>"With the Greek thing still hanging over markets, you saw (the euro) churn right back up because people aren't sure what's going to happen now," said Doyle.</p>
<span id="midArticle_0"/>
<p>The euro last traded at $1.3152, up 0.05 percent. The dollar was last at 76.57 yen, up 0.51 percent, after touching a session high of 76.74 yen.</p>
<span id="midArticle_1"/>
<p>The dollar's advance against the yen also eased expectations Japan would step into foreign exchange markets to brake the currency's growing strength.</p>
<span id="midArticle_2"/>
<p>"The Bank of Japan and the Ministry of Finance will be rejoicing because the Japanese are the single biggest beneficiaries of today's strong jobs number," said Kathy Lien, director of currency research at GFT Forex in Jersey City, New Jersey, adding that "the pressure to intervene has been instantly lifted."</p>
<span id="midArticle_3"/>
<p>Prices of U.S. Treasuries, often considered a safe haven in times of economic turmoil, plunged after the data. The benchmark 10-year U.S. Treasury note was down 1-1/32, with the yield at 1.94 percent.</p>
<span id="midArticle_4"/>
<p>According to Jefferies, dealers were long Treasuries by $91.859 billion on January 25, the second-highest long position on record.</p>
<span id="midArticle_5"/>
<p>They are now likely unloading these positions after the unexpectedly strong payroll number and ahead of the Treasury's planned $72 billion in new three-, 10- and 30-year bond supply next week.</p>
<span id="midArticle_6"/>
<p>U.S. crude oil futures rose, snapping a five-day losing streak, as the U.S. data raised hopes for better oil demand.</p>
<span id="midArticle_7"/>
<p>The upbeat economic outlook added to early gains triggered by a warning from Iran's supreme leader of retaliation against the West for imposing sanctions over Iran's nuclear program.</p>
<span id="midArticle_8"/>
<p>NYMEX crude for March delivery settled at $97.84 a barrel, gaining $1.48, or 1.54 percent.</p>
<span id="midArticle_9"/>
<p>(Additional reporting by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=rodrigo.campos&">Rodrigo Campos</a>, <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=steven.johnson&">Steven C. Johnson</a> and <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=daniel.bases&">Daniel Bases</a>; Editing by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=james.dalgleish&">James Dalgleish</a>)</p>
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<p class="byline">By Luciana Lopez</p>
<p><span class="location">NEW YORK</span> | <span class="timestamp">Sat Feb 4, 2012 12:14am GMT</span></p>
</div>
<span id="midArticle_0"/>
<p><span class="focusParagraph"><span class="articleLocation">NEW YORK</span> (Reuters) - Stocks surged and the dollar rose against the yen on Friday as news of a jump in U.S. job creation fuelled hopes for recovery in the world's largest economy, while uncertainty over a Greek debt restructuring deal helped keep the euro little changed.</span></p>
<span id="midArticle_1"/>
<p>The January U.S. jobs report propelled the Nasdaq stock index to an 11-year high, with European stocks closing at their highest in more than six months.</p>
<span id="midArticle_2"/>
<p>The data also lowered expectations for more monetary policy easing by the U.S. Federal Reserve, with analysts saying a brightening economy could support fewer arguments for stimulus.</p>
<span id="midArticle_3"/>
<p>U.S. job creation last month far outstripped analysts' expectations, with the unemployment rate dropping to a near three-year low of 8.3 percent.</p>
<span id="midArticle_4"/>
<p>In addition, the pace of growth in the U.S. services sector unexpectedly accelerated to its highest in nearly a year.</p>
<span id="midArticle_5"/>
<p>"It's certainly supportive of the U.S. recovery and suggests that (labour market) momentum is gathering pace," said Brian Dolan, chief market strategist at Forex.com in Bedminster, New Jersey. "From a trading standpoint, it's positive for risk, but it also lowers the prospects for QE3, which is dollar-positive," he added, referring to the Fed's quantitative easing program.</p>
<span id="midArticle_6"/>
<p>With the U.S. recovery showing signs of gaining momentum, analysts said the Fed - the U.S. central bank - could have less reason to step into markets with another round of quantitative easing to add liquidity. "The possibility of QE3 probably gets pushed back to the second half of the year," said Dolan.</p>
<span id="midArticle_7"/>
<p>The Dow Jones industrial average <a href="http://uk.reuters.com/business/markets/index?symbol=us%21dji">.DJI</a> gained 151.30 points, or 1.19 percent, to 12,856.71. The Standard & Poor's 500 Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21spx">.SPX</a> gained 18.46 points, or 1.39 percent, to 1,344.00. The Nasdaq Composite Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21comp">.IXIC</a> gained 46.84 points, or 1.64 percent, to 2,906.52.</p>
<span id="midArticle_8"/>
<p>European shares surged past a resistance level, with the FTSEurofirst 300 index <a href="http://uk.reuters.com/business/markets/index?symbol=gb%21FTPP">.FTEU3</a> of top European shares closing up 1.63 percent at 1,076.70.</p>
<span id="midArticle_9"/>
<p>In a bullish move, the FTSEurofirst 300 broke past its 61.8 percent Fibonacci retracement level at 1,062.24 from its February 2011 high to September 2011 low, which had been a major resistance level.</p>
<span id="midArticle_10"/>
<p>The index could climb to 1,113.73, the level it reached in late July 2011 before it retraced to its September 2011 low.</p>
<span id="midArticle_11"/>
<p>The euro trimmed losses from earlier in the session, when lowered expectations for Fed easing had boosted the dollar.</p>
<span id="midArticle_12"/>
<p>But with a restructuring deal between Greece and its creditors still elusive, said John Doyle, a currency strategist with Tempus Consulting in Washington, D.C., investors were hesitant to push the euro much in either direction.</p>
<span id="midArticle_13"/>
<p>Athens is scrambling to wrap up talks on a 130-billion-euro rescue plan and a bond swap deal before big bond redemptions come due in March.</p>
<span id="midArticle_14"/>
<p>Greece has repeatedly said the talks are in their final stage but has failed to secure a deal after weeks of wrangling, largely over concern that the rescue plan will not do enough to bring Greece's debt burden under control.</p>
<span id="midArticle_15"/>
<p>"With the Greek thing still hanging over markets, you saw (the euro) churn right back up because people aren't sure what's going to happen now," said Doyle.</p>
<span id="midArticle_0"/>
<p>The euro last traded at $1.3152, up 0.05 percent. The dollar was last at 76.57 yen, up 0.51 percent, after touching a session high of 76.74 yen.</p>
<span id="midArticle_1"/>
<p>The dollar's advance against the yen also eased expectations Japan would step into foreign exchange markets to brake the currency's growing strength.</p>
<span id="midArticle_2"/>
<p>"The Bank of Japan and the Ministry of Finance will be rejoicing because the Japanese are the single biggest beneficiaries of today's strong jobs number," said Kathy Lien, director of currency research at GFT Forex in Jersey City, New Jersey, adding that "the pressure to intervene has been instantly lifted."</p>
<span id="midArticle_3"/>
<p>Prices of U.S. Treasuries, often considered a safe haven in times of economic turmoil, plunged after the data. The benchmark 10-year U.S. Treasury note was down 1-1/32, with the yield at 1.94 percent.</p>
<span id="midArticle_4"/>
<p>According to Jefferies, dealers were long Treasuries by $91.859 billion on January 25, the second-highest long position on record.</p>
<span id="midArticle_5"/>
<p>They are now likely unloading these positions after the unexpectedly strong payroll number and ahead of the Treasury's planned $72 billion in new three-, 10- and 30-year bond supply next week.</p>
<span id="midArticle_6"/>
<p>U.S. crude oil futures rose, snapping a five-day losing streak, as the U.S. data raised hopes for better oil demand.</p>
<span id="midArticle_7"/>
<p>The upbeat economic outlook added to early gains triggered by a warning from Iran's supreme leader of retaliation against the West for imposing sanctions over Iran's nuclear program.</p>
<span id="midArticle_8"/>
<p>NYMEX crude for March delivery settled at $97.84 a barrel, gaining $1.48, or 1.54 percent.</p>
<span id="midArticle_9"/>
<p>(Additional reporting by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=rodrigo.campos&">Rodrigo Campos</a>, <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=steven.johnson&">Steven C. Johnson</a> and <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=daniel.bases&">Daniel Bases</a>; Editing by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=james.dalgleish&">James Dalgleish</a>)</p>
<span id="midArticle_10"/>
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["post_excerpt"]=>
string(9068) "
<span name="trackingEnabledModule" modulename="Related News" moduleid="12624908"/>
<span name="trackingEnabledModule" modulename="Related News (Auto)" moduleid="12624909"/>
<span name="trackingEnabledModule" modulename="Related News (Auto)" moduleid="12624909"/> <span name="trackingEnabledModule" modulename="Related Topics" moduleid="13483815"/>
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<p class="byline">By Luciana Lopez</p>
<p><span class="location">NEW YORK</span> | <span class="timestamp">Sat Feb 4, 2012 12:14am GMT</span></p>
</div>
<span id="midArticle_0"/>
<p><span class="focusParagraph"><span class="articleLocation">NEW YORK</span> (Reuters) - Stocks surged and the dollar rose against the yen on Friday as news of a jump in U.S. job creation fuelled hopes for recovery in the world's largest economy, while uncertainty over a Greek debt restructuring deal helped keep the euro little changed.</span></p>
<span id="midArticle_1"/>
<p>The January U.S. jobs report propelled the Nasdaq stock index to an 11-year high, with European stocks closing at their highest in more than six months.</p>
<span id="midArticle_2"/>
<p>The data also lowered expectations for more monetary policy easing by the U.S. Federal Reserve, with analysts saying a brightening economy could support fewer arguments for stimulus.</p>
<span id="midArticle_3"/>
<p>U.S. job creation last month far outstripped analysts' expectations, with the unemployment rate dropping to a near three-year low of 8.3 percent.</p>
<span id="midArticle_4"/>
<p>In addition, the pace of growth in the U.S. services sector unexpectedly accelerated to its highest in nearly a year.</p>
<span id="midArticle_5"/>
<p>"It's certainly supportive of the U.S. recovery and suggests that (labour market) momentum is gathering pace," said Brian Dolan, chief market strategist at Forex.com in Bedminster, New Jersey. "From a trading standpoint, it's positive for risk, but it also lowers the prospects for QE3, which is dollar-positive," he added, referring to the Fed's quantitative easing program.</p>
<span id="midArticle_6"/>
<p>With the U.S. recovery showing signs of gaining momentum, analysts said the Fed - the U.S. central bank - could have less reason to step into markets with another round of quantitative easing to add liquidity. "The possibility of QE3 probably gets pushed back to the second half of the year," said Dolan.</p>
<span id="midArticle_7"/>
<p>The Dow Jones industrial average <a href="http://uk.reuters.com/business/markets/index?symbol=us%21dji">.DJI</a> gained 151.30 points, or 1.19 percent, to 12,856.71. The Standard & Poor's 500 Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21spx">.SPX</a> gained 18.46 points, or 1.39 percent, to 1,344.00. The Nasdaq Composite Index <a href="http://uk.reuters.com/business/markets/index?symbol=us%21comp">.IXIC</a> gained 46.84 points, or 1.64 percent, to 2,906.52.</p>
<span id="midArticle_8"/>
<p>European shares surged past a resistance level, with the FTSEurofirst 300 index <a href="http://uk.reuters.com/business/markets/index?symbol=gb%21FTPP">.FTEU3</a> of top European shares closing up 1.63 percent at 1,076.70.</p>
<span id="midArticle_9"/>
<p>In a bullish move, the FTSEurofirst 300 broke past its 61.8 percent Fibonacci retracement level at 1,062.24 from its February 2011 high to September 2011 low, which had been a major resistance level.</p>
<span id="midArticle_10"/>
<p>The index could climb to 1,113.73, the level it reached in late July 2011 before it retraced to its September 2011 low.</p>
<span id="midArticle_11"/>
<p>The euro trimmed losses from earlier in the session, when lowered expectations for Fed easing had boosted the dollar.</p>
<span id="midArticle_12"/>
<p>But with a restructuring deal between Greece and its creditors still elusive, said John Doyle, a currency strategist with Tempus Consulting in Washington, D.C., investors were hesitant to push the euro much in either direction.</p>
<span id="midArticle_13"/>
<p>Athens is scrambling to wrap up talks on a 130-billion-euro rescue plan and a bond swap deal before big bond redemptions come due in March.</p>
<span id="midArticle_14"/>
<p>Greece has repeatedly said the talks are in their final stage but has failed to secure a deal after weeks of wrangling, largely over concern that the rescue plan will not do enough to bring Greece's debt burden under control.</p>
<span id="midArticle_15"/>
<p>"With the Greek thing still hanging over markets, you saw (the euro) churn right back up because people aren't sure what's going to happen now," said Doyle.</p>
<span id="midArticle_0"/>
<p>The euro last traded at $1.3152, up 0.05 percent. The dollar was last at 76.57 yen, up 0.51 percent, after touching a session high of 76.74 yen.</p>
<span id="midArticle_1"/>
<p>The dollar's advance against the yen also eased expectations Japan would step into foreign exchange markets to brake the currency's growing strength.</p>
<span id="midArticle_2"/>
<p>"The Bank of Japan and the Ministry of Finance will be rejoicing because the Japanese are the single biggest beneficiaries of today's strong jobs number," said Kathy Lien, director of currency research at GFT Forex in Jersey City, New Jersey, adding that "the pressure to intervene has been instantly lifted."</p>
<span id="midArticle_3"/>
<p>Prices of U.S. Treasuries, often considered a safe haven in times of economic turmoil, plunged after the data. The benchmark 10-year U.S. Treasury note was down 1-1/32, with the yield at 1.94 percent.</p>
<span id="midArticle_4"/>
<p>According to Jefferies, dealers were long Treasuries by $91.859 billion on January 25, the second-highest long position on record.</p>
<span id="midArticle_5"/>
<p>They are now likely unloading these positions after the unexpectedly strong payroll number and ahead of the Treasury's planned $72 billion in new three-, 10- and 30-year bond supply next week.</p>
<span id="midArticle_6"/>
<p>U.S. crude oil futures rose, snapping a five-day losing streak, as the U.S. data raised hopes for better oil demand.</p>
<span id="midArticle_7"/>
<p>The upbeat economic outlook added to early gains triggered by a warning from Iran's supreme leader of retaliation against the West for imposing sanctions over Iran's nuclear program.</p>
<span id="midArticle_8"/>
<p>NYMEX crude for March delivery settled at $97.84 a barrel, gaining $1.48, or 1.54 percent.</p>
<span id="midArticle_9"/>
<p>(Additional reporting by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=rodrigo.campos&">Rodrigo Campos</a>, <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=steven.johnson&">Steven C. Johnson</a> and <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=daniel.bases&">Daniel Bases</a>; Editing by <a href="http://blogs.reuters.com/search/journalist.php?edition=uk&n=james.dalgleish&">James Dalgleish</a>)</p>
<span id="midArticle_10"/>
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