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Global Markets Update: European Shares Jump on U.S. Employment Data

Friday, 3 Feb 2012 | 11:28 AM ET

European shares jump after upbeat U.S. employment data. Banks are among the top gainers. January Euro zone Purchasing Managers Index 50.4 vs. 48.3 in December. Greek bailout may have to be $19.7 billion higher. Switzerland probes 12 U.S., European and Japanese banks over lending rates. Greece's 2011 budget deficit will come in smaller than expected. With Yra Harris, Praxis Trading, and Kevin Ferry, Cronus Futures Management.