Economics / Markets

The FTSE 100 opened higher, up 0.47% or 25.67 points to 5,453.82, in response to Friday's better than expected US jobs data.

Chancellor George Osborne will scrap the Pre-Budget Report this year and replace it with a slimmed-down autumn statement.

The lack of international acquisitions by UK companies is holding up the nation's economic recovery while countries such as India and China thrive, according to KPMG.

Economic growth in the eurozone will finish higher than forecast in 2010, the European Central Bank (ECB) has said.

Trading volumes fell overnight in the US ahead of key job market data set to be released later today.

America's wave of new financial regulation is likely to prompt the country's biggest financial institutions to break themselves up, according to the chairman of the Federal Reserve.

The FTSE fell back slightly in early trading on Thursday despite strong overnight showings on Wall Street and in Asia.

The International Monetary Fund (IMF) has warned long-term fiscal reforms will be required among advanced economies as it projected the UK's gross debt to GDP would rise to 90.6% in 2015.

World markets surged on Wednesday following an unexpected jump in US manufacturing data and bullish economic figures from Asia.

The eurozone and US must learn from each other's economic strategies