US stocks advanced on Thursday after the ADP employment report showed private employment in the US increased more than expected in June, lifting expectations of a solid NFP tomorrow.
The Dow Jones industrial average gains 92 points, or 0.73% at 12,716. The Standard & Poor's 500 Index is up 12 points or 0.90% at 1,351. The Nasdaq Composite Index advances 33 points or 1.17% to 2,867.
The ECB also improved investor sentiment as Trichet said the bank had decided to suspend rating requirement for Portugal's debt that can be used by banks as collateral, following Moody's decision to cut country's credit rating to junk earlier this week.
In the FX market, the US Dollar advanced against the Yen and the Franc but is weaker against the Euro and commodity currencies. Crude oil rose to near $99 a barrel on risk appetite, while gold fell to $1525 an ounce
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