International markets roundup
Market watch top headlines
A roundup of trading on major world markets:
NEW YORK - US stocks rallied sharply on Friday, with the Dow industrials closing above 14,000 for the first time since October 2007 following a positive US jobs report.
The Dow Jones Industrial Average closed at 14,009.79, up 149.21 points (1.08 per cent).
The broad-based S&P 500 finished at 1,513.17, up 15.06 (1.01 per cent), while the tech-heavy Nasdaq Composite jumped 36.97 points (1.18 per cent) to 3,179.10.
The Dow's breakthrough of the psychological 14,000 barrier followed a January US monthly jobs report that catalysed markets.
The report showed employers added 157,000 jobs in January, fewer than expected, and the jobless rate inched up to 7.9 per cent.
But revised data for all of 2012 heartened markets, with net job growth at an average of 181,000 a month, up from a prior estimate of 153,000.
The all-time Dow closing high was 14,164.53 on October 9, 2007.
LONDON - Most European stock markets posted strong gains on reassuring US jobs data, but Madrid was hit by news of falling profits at the country's crisis-hit banks.
London's FTSE 100 index of top companies gained 1.12 per cent to close at 6,347.24 points as a slight expansion in manufacturing in January and positive quarterly results for telecoms firm BT cheered investors.
Frankfurt's DAX added 0.74 per cent to 7,833.39 points and in Paris the CAC climbed 1.10 per cent to 3,773.53 points, with data showing improvement in the eurozone manufacturing sector helping sentiment.
HONG KONG - Asian markets were mixed, with Tokyo boosted by further weakness in the yen, while official data indicated Chinese manufacturing activity grew in January but at a moderate rate.
Tokyo was up 0.47 per cent, or 52.68 points, at 11,191.34 but Seoul eased 0.21 per cent, or 4.15 points, to 1,957.79.
In the afternoon Shanghai had surged 1.30 per cent while Hong Kong was flat.
Beijing released official figures on Friday showing manufacturing activity had seen a slip last month. The purchasing managers index (PMI) came in at 50.4, down from December's 50.6 and below the 51.0 forecast by economists.
WELLINGTON - The NZX50 stood at 4,425.93, a decrease of 6.173 points, or 0.2 per cent.