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Market Update : 
Europe Closes on Positive Note
Author: Elena Todorova
123jump.com
Last Update: 12:48 PM EST November 03 2006


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European stock markets closed in the positive, boosted by stronger-than-expected U.S. jobs data and gains for financial Gommerzbank. The German DAX 30 advanced 0.29%, led by 4.3% rise in the shares of Commerzbank. The French CAC 40 climbed 0.49%, helped by Euronext. London FTSE 100 ended flat at 6,148.10, pressured by losses for British Airways and Rexam.

 
Crude oil for December delivery rose 2 cents to $57.90 a barrel in Asian electronic trading on the New York Mercantile Exchange. December Brent crude on London''s ICE Futures Exchange gained 6 cents to $57.93 a barrel.

Gold opened Friday at a bid price of $622.80 a troy ounce, up from $621.00 late Thursday.

Currencies

The euro was little changed against the U.S. dollar on Friday ahead of new jobs data from the US economy. The euro bought $1.2773 in morning European trading, only just below its level of $1.2779 in New York late Thursday. The British pound stood at $1.9086, compared with $1.9088 on Thursday. The dollar slipped to 117.04 Japanese yen from 117.12 yen.
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