Markets boosted by US data

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The Dow Jones climbed in early trading on Wednesday on better-than-expected housing and manufacturing figures, positing a gain of 174.51 (2.28%) to 7,834.72 at 10:50EST.

Figures from the Commerce Department show durable goods orders rose 3.4% in February compared to an expected 2.5% decline. Meanwhile, new house sales climbed 4.7% in February to a seasonally adjusted annual rate of 337,000. Expectations were for an annual rate of 300,000 units, compared with a revised 322,000 in January. The median sales price of new houses was $200,900. Early risers on the index include Bank of America which posted a gain of 8.86% to $7.86 and JP Morgan Chase up 6.17% to $28.02. Shares in General Electric have also risen this morning by 4.80% to $10.91 on news the gr...

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