Top Stocks For 3/1/2013-16

Reported by: Eric CRWE Newswire Middle East correspondent

The DXY index measure of the US dollar movement against its major counterpart currencies declined to 82.363 in overnight market. The Euro showed meager decline against the US dollar traded around $1.2835
The Japanese Yen advanced to 84.40 against the greenback while Swiss franc advanced 0.2 percent to 1.0150 against the US dollar. The Canadian dollar also advanced to 1.0544 against the greenback on the news of Russian central bank to invest its currency reserves in Canadian dollars.

Crude Oil future contract for October delivery declined $0.31 to $74.71 per barrel on New York Mercantile Exchange in Asian trading session while Brent Crude dropped $0.35 to $76.58 on ICE Futures Exchange at London.

In other commodities at Nymex heating oil October delivery contract dropped $0.63 to $2.056 per gallon, gasoline declined to $1.913 per gallon whereas natural gas October contract advanced $0.029 to $3.78 per 1,000 cubic feet.

Stock markets globally maintained bullish sentiments in anticipation of U.S jobs data which would actually define the next step for rapid recovery in US economy to be taken by Federal Reserve.

In London FTSE 100 index advanced 0.5 percent to close at 5,397.96, DAX gained 29.04 points to while France’s CAC-40 gained 0.6 percent to close at 3,654.61 points.

Most of the Asian stock markets also closed on a positive note as Tokyo’s Nikkei 225 stock index advanced 0.6 percent to close at 9,114.13 points, Kospi gained 0.2 percent to 1,780.02, Hang Seng index advanced 0.5 percent to 20,971.50 whereas Shanghai Composite Index remained unchanged to close at 2,655.39 points.

The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!