US ends seven day losing streak as Japan acts on yen

US markets yesterday managed to recover some of their losses from the previous seven days as better than expected jobs data boosted sentiment.

The Dow finished the day up 30 points at 11,896.4, while the S&P 500 was up 6 points at 1,260.34, as investors switched into defensive stocks. It followed a rough day for UK investors as the FTSE 100 fell back near to its lowest level all year, having shed 2.3% or 133.88 points, to 5,584.51. US investors reversed falls over the previous seven days despite markets falling sharply at the opening bell, with better than expected jobs data helping to lift investors. Meanwhile in Asia, the Nikkei rose 22 points or 0.2% to 9659.18 as Japan took steps to combat the soaring yen. The Bank of...