Stocks pushed to favorable economic data

NEW YORK--Wall Street has increased significantly Wednesday after reports showing the pace of economic expansion in China has accelerated in November sent overseas shares higher.

The Dow Jones industrial average was recently more than 200 points.

Investors were also increased by some optimistic américaine.Avant bargaining beginning economic information, payroll processor ADP said private employers added 93,000 jobs in November. Monthly numbers were much stronger than expected.

Each month, EPA issued a report if private sector employers add jobs in advance of the month. The report is often used as a header in Government, monthly employment report gauge due to Friday.

A separate report released Wednesday showed U.S. productivity has increased at a rate of 2.3% in the third quarter higher than initially estimated.

And the Institute of supply management manufacturing activity expanded month at a moderate pace.The IMS stated that its index of manufacturing read 56.6 in November, corresponding to the expectations of analysts. This is the 16th straight months of croissance.Une reading above 50 indicates growth.

Separately, other reports show sharp construction until octobre.Le said Commerce's expenditure spending grew by 0.7%.November motor sales figures are due to more later mercredi.Et the Federal Reserve will be his report on the regional economic activity.

History: Employers added 93,000 jobs in the private sector in November.

Fears that the European financial crisis spreads one to a better than expected bond auction by Portugal contributed to send to the higher euro.Investors feared that the country will be the next member of the European Union to require financial support from its neighbours.

Bond auction Portuguese sent Portugal 5.28% 4.81% bond interest rates.He pointed out that investors consider the debt of the country as a higher risk, there is a strong demand for bonds and interest rates are not as high as some investors fear.

The euro rose by 0.9% after the auction .the ' index Euro Stoxx 50, which tracks blue chip companies in countries that use the euro, increased by 1.2%.

In China, an index of the State of manufacturing activity rose from 55.2 in November of 54.7 in octobre.Un number any above 50 indicates monthly surveys many expansion have stayed over this number for 21 months droites.Un Chinese competitor survey by HSBC has increased to a maximum of eight months.

Hong Kong Hang Seng rose by 1.1 %.Référence index composed of Shanghai China increased by 0.2 percent 100.Les stocks fell in Asia since early November after China has triggered a key interest rates to fight inflation.

The Associated Press and Reuters have contributed to this report.


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