Updated on
Summary A better jobs picture in the United States is boosting sentiment.
Wall Street headed higher for the first time in three sessions with investors encouraged by a report showing US private employers added more jobs than anticipated in October.The tone on Wall Street has dramatically improved from the fear-filled sell-off of the past two sessions.Private employers added more jobs than expected in October and Septembers figures were revised up, according to payroll processing company ADP. And in another positive: planned layoffs dropped sharply in October. The monthly report from consultants Challenger, Gray & Christmas showed job cut announcements at four-month low.Those figures come ahead of the governments non-farm payroll report for October - due on Friday. The report is expected to show job creation remains tepid and the unemployment rate remains above 9 percent.Despite the bullish tone on Wall Street, there are still concerns about the European debt crisis spreading beyond Greece to some of that regions larger economies.
