Markets Guardedly Optimistic Over U.S. Jobs Data

stock markets eurozone US jobs data
stock markets eurozone US jobs data

By Pan Pylas

LONDON (AP) -- Optimism over upcoming U.S. jobs figures helped stocks and the euro to rally on Friday despite further evidence that the 17-nation eurozone is heading for recession.

Following a run of fairly strong U.S. economic data, investors are increasingly confident that the world's largest economy is over a soft patch from last summer, helping to offset the global economic impact wrought by Europe's ongoing debt crisis.