The FTSE 250 closed up 0.8%, or 143 points, at 17,622.
Connor Campbell, an analyst at Spreadex, sums up the day for the markets:
A consistently better than forecast set of jobs figures out of the US helped shield the markets from the latest US-China TikTok turmoil.
Though still a sharp decline from June’s 4.8 million, 1.763 million jobs were created in July, more than 200k higher than the 1.53 forecast. This in a month that saw states like California forced to re-enter a stricter form of lockdown due to an aggressive spike in covid-19 cases.
There was good news – all relative – elsewhere, with wage growth up 0.2% against the project 0.5% contraction. The unemployment rate, meanwhile, fell faster the expected to 10.2% – for reference, it was at 3.5% in February, and avoided a forecast surge to 19.4% in May.
It may not be the kind of market-shocking report seen a couple of months ago, and the slowdown in jobs creation is a worry given the US is nowhere near recouping those lost in April, but it was solid enough to keep the Dow Jones at a steady rather than accelerated decline.
In Europe things were slightly more mixed. The DAX added 0.3%, but with the CAC down 0.1%, while the FTSE was stuck unchanged at 6030.