CBI says factory orders strongest since March 1995

(Reuters) - British factory orders have jumped unexpectedly this month to their strongest level since March 1995, the Confederation of British Industry's monthly industrial trends survey showed on Thursday.

The CBI survey's total order book balance rose to +11 this month to from -4 in October, well above expectations of a reading of 0 and the long-run average of -17.

The balance for total output over the previous three months surged to +29 from +8, the highest level since January 1995 and again well above the long-run average of +2.

USD PPI m/m -0.2% -0.2% -0.1%

USD Unemployment Claims 323K 333K 344K

USD Core PPI m/m 0.2% 0.1% 0.1%

USD Flash Manufacturing PMI 54.3 52.6 51.8

EUR Consumer Confidence -15 -14 -15

USD Philly Fed Manufacturing Index 6.5 15.8 19.8

End-of-day Market Overview

U.S. shares rise on Fed hopes; euro up after Draghi remarks

(Reuters) - U.S. stocks rose on Thursday as the latest economic data suggested the Federal Reserve would not begin to slow its stimulus program soon, though conflicting views over the issue limited gains globally.

The euro rebounded after the head of the European Central Bank moved to quell growing talk that the ECB was considering an unprecedented policy of making banks pay to deposit cash overnight in a bid to boost economic activity.

An indication that the Fed may be ready to start scaling back its $85 billion a month in stimulus had weighed on equities Wednesday and drove the dollar to a more than four-month high against the yen earlier on Thursday. But the U.S. central bank has repeated it will not taper until the economy can stand on its own and interest rates will remain low well after stimulus is cut back.