World markets react to US jobs, ECB's inaction

Markets reacted to both U.S. jobs data and the ECB's monetary policy decision on Thursday, with the Dow rising above 17,000 for the first time.

The ECB kept interest rates unchanged after announcing a host of measures designed to boost lending, spur the euro zone's recovery and combat growth-sapping disinflation at its last meeting.

In the U.S., the closely-watched non-farm payrolls report showed that 288,000 jobs were added in June - much higher than expected.

We followed the developments in our live blog: