Global Markets Update

American Markets:   DOW JONES: 12376   + 56     NASDAQ:  2789    + 8

USDINR:      44.58     -0.12          EURINR:       63.39          +0.10

GBPINR:      71.55      +0.08         EURUSD:       1.41           +0.00

GBPUSD:      1.60     -0.00            USDJPY:      83.55          +0.42

A U.S. government jobs report showed the U.S. unemployment rate dropped to a two-year low of 8.8 percent in March from 8.9 percent in February. Payrolls grew by 216,000 workers after a 194,000 gain the prior month, the Labor Department said. Economists projected a March gain of 190,000, according to the median estimate in a Bloomberg survey. Stocks rose last week, adding to gains from the market's biggest first-quarter rally since 1998, after the jobs report. The Standard & Poor's 500 Index gained 0.5 percent on April 1 to 1,332.41 at the 4 p.m. close. Both the S&P 500 and the Dow Jones Industrial Average closed at their highest levels since Feb. 18.

US Service industries probably expanded in March at close to the fastest pace since 2005, a sign the U.S. economic expansion is broadening beyond manufacturing, economists said ahead of a report this week.

Asian Markets: NIKKEI:  9778      + 69        HANG SENG:   24117  + 315     KOSPI: 2112  - 9  SGX NIFTY    5881    + 16

Asian Stocks Advance on U.S. Jobs Data, Weaker Yen; Canon Gains: Asian stocks rose, driving the regional benchmark index to a three-week high, after a report showing U.S. jobs grew faster than forecast and a weakening yen boosted optimism in an economic recovery. Canon Inc., which receives 28 %of its revenue from the Americas, gained 1.2% in Tokyo. Fast Retailing Co., Asia's biggest apparel chain, jumped 5.7 %after Credit Suisse Group AG and UBS AG recommended investors "buy" the Japanese stock. Woodside Petroleum Ltd., Australia's second- largest oil and gas producer, increased 0.8 percent after oil prices climbed to a 30-month high.The MSCI Asia Pacific Index advanced 0.5 percent to 136, heading for its highest close since March 10, with two stocks rising for each that fell. The index has increased for two straight weeks as Japanese companies began resuming production after the nation's worst earthquake on record on March 11 and as Chinese firms posted profits that beat analyst estimates. Japan's Nikkei 225 Stock Average climbed 0.8 percent. Australia's S&P/ASX 200 Index rose 0.6 percent and New Zealand's NZX 50 Index gained 0.1 percent. South Korea's Kospi Index fell 0.1 percent.

European Markets:  FTSE:  6009    + 101     CAC:  4054    + 65      DAX: 7179     + 138

Spain's efforts to reduce its budget deficit and rebuild investor confidence may suffer a setback as Prime Minister Jose Luis Rodriguez Zapatero bows out of next year's election.

Crude oil for May delivery advanced as much as 0.6 percent to $108.60 a barrel in electronic trading on the New York Mercantile Exchange

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