US shares lifted by jobs data after Greek sell-off

US shares moved higher at opening having seen heavy falls Tuesday, as positive jobs data boosted prices.

While the crisis in Europe rumbles on, US markets are starting to rebound from yesterday's sharp fall, with an increase in the number of jobs created in the country helping to lift sentiment.

According to the latest jobs news, US companies added 110,000 workers in October.

The rise, coupled with expectations the US Federal Reserve is likely to engineer a third round of asset purchases to bolster growth, lifted both the S&P 500 and the Dow.

The Dow, which shed over 300 points yesterday, rose 1.3%, or 150 points, to 11,809, while the S&P 500 climbed 1.4% to 1,235.

Meanwhile in the UK shares were struggling to keep themselves afloat, with much of the day's early gains lost.

By 14:24pm, the FTSE 100 was up just 8 points at 5,429.26 points.

However, European shares, which were put through the wringer yesterday, held firm, with the German Dax up nearly 1% at 5,887.16 points, and the French Cac 40 ahead by 1% at 3,097.

Investors are now awaiting the latest move by the Fed as it attempts to stimulate growth and employment.