US labour market healing; Euro, gold, brent crude post highs
US economic data showed that labour market is healing. In Europe, however, the economy stood on the brink of recession as it shrank by 0.3 per cent. But German business sentiment rose for fourth consecutive month while Euro was at a two and half month high. Gold too rose to a three-month high heading to its biggest one week rally while Brent crude oil stood at a nine-month high above $124 per barrel.
