Euro zone growth lifts European shares, pound jumps after jobs data

By Richard Hubbard

LONDON | Wed Aug 14, 2013 9:00am EDT

(Reuters) - European shares inched up on news that the euro zone had emerged from recession on Wednesday, while sterling jumped against the dollar as robust jobs data cast doubt on the Bank of England's pledge to keep interest rates low.
Financial markets though were mostly subdued and confirmation that the euro zone's 18-month-long recession was finally over had been widely expected, limiting share market gains.
U.S. stock index futures pointed to a flat open on Wall Street. .EU.N
Sterling was the main mover, hitting a high of $1.5507 when new data showed a sharp drop in jobless benefit Read more»»»