STOCKS NEWS EUROPE-Staffing groups gain on U.S. jobs data
Shares in staffing groups jump, with Switzerland's Adecco (ADEN.VX) posting its biggest one-day gain in 14 months after data shows U.S. employers cut far fewer jobs than expected last month.
Adecco rises more than 8 percent to feature as the biggest gainer in the pan-European FTSEurofirst 300 .FTEU3 index of top shares.
"The time of big job losses is clearly past," one trader says, adding the news is also helping other staffing groups like Randstad (RAND.AS), Manpower (MAN.N), Kelly Services (KELYA.O) and Michael Page (MPI.L), Hays (HAYS.L) and Robert Walters (RWA.L), all up between 2 and 10 percent.
SThree (STHR.L), which adds 5 percent, is also helped by an upbeat trading update. It sees full-year results inline with expectations and signs of stabilisation in most of its markets, prompting Altium Securities to upgrade its rating to "hold" from "sell".
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