EUROPE'S main stock markets have fallen slightly at the start of trading.
London's FTSE 100 index of top companies jumped by 1.09 per cent to close at 6,264.91 points on Thursday, Frankfurt's DAX 30 added 0.53 per cent to 7,748.13 points and Paris's CAC 40 won 0.70 per cent to 3,752.17.
"Even a further rise in Spanish unemployment to new record highs has not been enough to dampen the mood, while a surprise drop in US weekly jobless claims to their lowest levels in five years gave markets extra momentum in the afternoon session," said Michael Hewson at CMC Markets.
In trading in New York, the Dow Jones Industrial Average was 0.67 per cent higher, while the broad Standard & Poor's 500 index had gained 0.37 per cent.
The tech-heavy Nasdaq Composite was off by a slight 0.06 per cent, although investors dumped Apple stock, which showed a loss of 10.34 per cent to $US460.86.
"A solid batch of US economic data and the passage of a vote to extend the deadline to raise federal debt had investors put aside Apple's disappointing numbers this afternoon," noted ETX Capital analyst Ishaq Siddiqi.
Sterne Agee analyst Shaw Wu added: "We don't think the Apple growth story is over but shares will likely languish until confidence is restored."
In foreign exchange trade, the European single currency climbed to $US1.3375 from $US1.3315 late on Wednesday in New York.
On the London Bullion Market, gold prices dropped to $US1,671 an ounce from $US1,690.25.
In the eurozone, private business activity hit a 10-month high in January, according to a leading growth indicator released on Thursday.
The Purchasing Managers' Index published by London-based Markit researchers, a survey of thousands of eurozone companies, logged 48.2 points compared to 47.2 points the previous month.
"The fact that this PMI data were better than expected has been sufficient to give risk appetite another fillip," said Jane Foley, senior currency strategist at Rabobank.
"However, these data continue to point to further contraction across both manufacturing and services sectors," she added, and revealed a sharp differences between the two biggest eurozone economies, with Germany showing strong improvement, while France showed a marked deterioration.
The IMF said on Wednesday that the global economy would grow slightly less in 2013 than it previously expected, held back by a weak eurozone that will stay mired in recession for a second straight year.
"Downside risks remain significant, including prolonged stagnation in the euro area and excessive short-term fiscal tightening in the United States," the International Monetary Fund said, in an economic outlook update.
The IMF projected global gross domestic product (GDP) annual growth of 3.5 per cent this year, a dip of 0.1 points from its October forecast, and 4.1 per cent in 2014.
On Thursday, Asian stock markets closed mixed despite a positive overnight lead from Wall Street and news that Chinese manufacturing activity hit a two-year high in January, traders said.
The yen retreated after a two-day rally as Japan logged a record trade deficit for last year with exports hit by the ongoing territorial spat with China and Europe's long-running debt crisis.
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