US jobs data boosts sentiment in markets

Most European bourses look cautiously positive in morning trading ahead of the US non-farm payrolls data for February.

As investors expect the US jobs data to confirm upbeat signals later this afternoon, markets across Europe remain moderately subdued, while US indices responded more actively in yesterday's afternoon session. According to the estimates from economists, ahead of today's Labour Department report, US payrolls data have increased by 196,000 in February, Bloomberg reports. However, at early morning trading the US dollar fell to the lowest level in four months against the euro. Senior currency strategist at Rabobank, Jane Folley, says the jobs data is unlikely to alter expectations on US...