Oil rose again,as speculation was high that the damand for oil may rise from the US and Europe

The FTSE , DAX and CAC rose after falling for 2 consecutive days after upcoming American payroll numbers may rise giving hope of a stable economy.Jeremy Batstone-Carr, strategist at Charles Stanley, said: “Quite clearly, equities are deriving substantial benefit from Fed monetary policy. By keeping quantitative easing on the go, the Fed is effectively forcing investors to buy the equity market. You might as well buy high beta, and get on with it. Banks tend to benefit from higher bond yields.” rnAfter the fall in US unemployment rate to 9 percent, the euro fell against the dollar. John Doyle,strategist at Tempus Consulting in Washington, said: “Overall, we think the euro 's move was overdone and the retracement we've seen in the second part of this week should probably continue into early next week."However, the pound rose against the dollar and euro, after rise in UK house prices in January. The euro was last down 0.3 percent at $1.3585. The pound advanced 0.1 percent to $1.6154. Against the euro, the pound rose 0.2 percent to 84.34 pence.rnThe Nikkei rose after two steel companies merged bringing hopes up of a restructuring in corporate Japan.Schinichiro Matsushita, a senior market analyst at Daiwa Securities, said: “The news will likely raise expectations that more Japanese companies will seriously try to increase their competitive edge in the rnglobal market."The benchmark Nikkei 225 rose 1.1 percent at 10,543.52. The Hang Seng Index was closed yesterday for the Lunar New Year holiday.rnGold however fell after traders speculated that as the economy recovers, so will the demand for goldrise.Bernard Sin, the head of currency and metal trading at MKS Finance SA, said: “We’ve seen a slight improvement generally in the economic recovery. People are still very concerned about the Middle East and will be comfortable buying on any dips.”US Gold futures for April delivery fell $4 to $1,349 an ounce. rnOil rose again,as speculation was high that the damand for oil may rise from the US and Europe, and supply could be hindered due to violence in Egypt. The less than expected job numbers too kept oil higher.Glen Ward, head of retail derivatives at London Capital Group Holdings Plc, said: “The lower-than-expected jobs figure has put pressure on the oil contracts. This has been interpreted as rnbearish for demand as the economy is not growing as anticipated.”Oil for March rose 50 cents to $91.04 a barrel. rnGerman government bonds fell after US labour report showed drop in jobless rate. Nick Stamenkovic, a fixed- income strategist in Edinburgh at RIA Capital Markets Ltd., a broker for banks and investors,said: “If there’s signs that they’re moving forward towards a compromise agreement, that should lead to an unwinding of the flight to quality into bunds. If the US economy is strengthening, that’s a negative factor for bunds.”Ten-year german bonds rose 1 basis point to 3.23%. rnUS Bonds rose again as traders started to buy bonds as US jobless numbers was less than expected. Brian Dolan, chief strategist at Forex.com in Bedminster, New Jersey, said: “The drop in the jobless rate is a surprise and the dollar is rallying on this. Yields are moving up and while job creation not where people rnwant it to be, the feeling is there is an underlying momentum there."Yields on 30-year notes fell to 4.7151 percent.