US markets turn higher

U.S. markets headed higher Wednesday after Automatic Data Processing Inc., said 170,000 jobs were added to the economy in January. Manufacturing data from Germany and Britain came in higher than expected. The job report was near expectations, showing fewer jobs added than December, with the difference attributed to seasonal demands. In early afternoon trading on Wall Street, the Dow Jones industrial average gained 126.05 points, 1 percent, to 12,758.96. The Standard & Poor's 500 index rose 1.17 percent on a gain of 15.34 points, to 1,327.75. The Nasdaq composite index rose 1.32 percent, 36.92 points, to 2,850.76. The benchmark 10-year treasury note fell 16/32 to yield 1.851 percent. The euro rose to $1.3165 from Tuesday's $1.3083. Against the yen, the dollar rose to 76.31 yen from Tuesday's 76.27 yen. In Tokyo, the Nikkei 225 index added 0.08 percent, 29.19, to 8,809.79. In London, the FTSE 100 index gained 1.92 percent, 109.11, to 5,790.72.