Reported by: Eric CRWE Newswire Middle East correspondent

The Euro advanced to 1.2900 against the greenback while the British Pound remained flat at 1.5447 against the US dollar.

The US dollar declined to 84.15 against the Japanese Yen hovering near its 15 year low but the better US jobs data for the month of August kept the greenback from reaching that level.

The dollar index DXY which is a measurement of the US dollar movement against its major counterpart currencies declined 0.1 percent to 82.02.

The Stock market globally maintained bullish sentiments on the news that US private sector has added 67,000 jobs for the month of August. And discounted the 54,000 job losses.

In London, FTSE 100 index advanced 0.3% to 5,445.05, Germany’s DAX surged 0.24% to 6,149.30 while CAC-40 advanced 0.25% to 3681.38 points.

In Asia, Japan’s Nikkei 225 stock index advanced 2.1% to close at 9,301.32, Hang Seng index surged 1.8 percent to 21,355.77 while Korea’s Kospi also advanced 0.7 percent to close at 1,792.42 points for the day.

The Shanghai Composite index gained 1.54% to close at 2,696.25 while Singapore’s Strait Times index advanced 1.07% to close at 3,034.58 for the day.

Crude oil prices remained under $74 on concern of rising oil demand from China which could affect fuel consumption in the United States already facing high unemployment.

Crude oil future contracts for October delivery declined $0.22 to $74.38 per barrel in New York Mercantile Exchange in Singapore’s trading session while Brent crude dropped $0.06 to $76.61 on the ICE Futures exchange at London.

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Tags: Brent Crude, British Pound, CAC-40, Crude oil, DAX, EUR/USD, Euro, Forex trading, FTSE 100, Hang Seng, Japanese Yen, JYP/USD, Kospi, New York Mercantile exchange, Nikkei 225, overnight market, overnight trading, Shanghai composite index, Strait Times, US Dollar, US economy

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