Scoreboard: Eyes on ECB

European sharemarkets lifted on hopes the ECB will expand its program of asset purchases, while Wall Street edged higher as investors poured over the latest economic data.

In US economic data, the ISM services index rose from 57.1 to 59.3 in November, above forecasts for a result near 57.5. The ADP survey showed that 208,000 jobs were created in November, just short of expectations for 221,000 job growth. The mortgage market index fell by 7.3 per cent in the latest week, dragged down by a fall in refinancing.

The latest Federal Reserve Beige Book, said employment gains were widespread with some districts reporting difficulty in filling jobs in a number of sectors; price and wage inflation was subdued; manufacturing activity strengthened.

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