Reported by: Eric CRWE Newswire Middle East correspondent
The US dollar declined against its major counterpart currencies as China and Australia reports much better economic data.
Australia’s has reported the current quarterly economic growth which is fastest growth in last three years. The Australian dollar advanced 0.7 percent against the greenback to 82.60 in overnight market.
The Euro advanced 0.8 percent to 1.2790 against the US dollar. The pair EUR/YEN advanced 0.6 percent to 107.45 in overnight trading. The US dollar on the other hand remained unchanged at 84.08 against the Japanese Yen.
Benchmark crude oil future contract for October delivery advanced 57 cents to $72.49 per barrel on New York Mercantile Exchange in overnight trading. Brent crude advanced 76 cents per barrel on ICE futures exchange in London.
In other commodities at Nymex gasoline October delivery contract gained 1.96 cents to $1.8770 per gallon, heating oil October contract advanced 2.30 cents to $2.0147 while natural gas declined 3.3 cents to $3.783 per 1,000 cubic feet.
Bullish sentiments were maintained in stock markets globally on much better economic growth figures from China and Australia.
London’s FTSE 100 index advanced 77.35 points to 5,302.57 levels, Germany’s DAX surged 1.1 percent to close at 5,990.07 while France’s CAC-40 advanced 1.6 percent to close at 3,545.36 points.
In Asia Japan’s Nikkei 225 stock average advanced 1.17 percent to close at 8,927.02, Hang Seng advanced 87.34 points to close at 20,623.83 whereas Shanghai composite declined 0.6 percent to 2,622.88 points.
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