A survey tracking U.S. private sector jobs showed a surprise increase of 205K in January, besting expectations of 193K, and compared to the previous reading's 267K which was revised higher to 257K. This report is positive for the dollar. 

At 10:00 GMT for the European economy released retail sales for the month of December, up by 0.3% per month, below expectations, which showed an increase of 0.4%, better than the previous reading registered Low of 0.3%.

European shares slip in morning trade Wednesday, extending losses for the third straight session, under the low investor sentiment, and the continuation of major European companies on the outcome of disappointing earnings disclosure.

The Dow Jones Stoxx Europe 600 index rose 1.3 percent at 10:17 GMT, the index yesterday dropped by 2 percent in the second daily loss in a row, due to the large losses of the shares of oil giant BP Bank UBS.

Novo Nordisk shares fell more than 3 percent after the Danish company specialized in the treatment of diabetics announced less-than-expected earnings in the fourth quarter of last year, Royal shares dropped about 2.8 percent after the announcement of earnings below estimates.

As the major European companies disclose the results of less-than-expected earnings, investors' concerns about the increasing rates of economic growth, which would lead them to avoid the risk and stay away from high-yielding assets, particularly stocks and bonds.

Futures for the S & P 500 fell 0.3 percent, following the yesterday drop  in Wall Street 1.9 percent, its second daily loss in a row, due to the continued sale of shares of energy and commodity companies.

As for the major measurable indicators for European market indices, euro Stoke 50 index dropped by 1.4 percent, France's CAC 40 dropped by 0.9 percent, and in Germany the DAX index fell by about 1.4 percent, and in London, the Financial Times 100 index fell 0.9 percent.

The euro rose slightly during the Asian market on Tuesday against the US dollarlosses, extending gains for the third consecutive daylosses, but keep trading within a limited range as investors awaited for service sector data and retail sales data in Europelosses, in order to re-evaluate the economic recovery in the euro area levelslosses, the pound stabilized before British service sector data for in Januarylosses, the dollar index is trading within the range of weak after _ over two dayslosses, also the US economy is expecting later in the day the private-sector jobs data and other data on the services sector.

euro

Euro rises yesterday by 0.3 percent against the US dollar, in the second daily gain in a row, supported by buying low-yielding currencies as a safe havens coincide with strong data on the labor market in Europe, Germany, boosted hopes for the recovery of the European economy approaching the entry in the growth and recovery phase .

The euro against the US dollar by 06:45 GMT, trading around 1.0925 from an opening price of 1.0915, after scoring the highest price of 1.0936, 1.0911 as the lowest price.

The euro rose slightly during Asian market on Wednesday against the US dollar, extending gains for the third consecutive day, but keep trading within a limited scale, with the watching important data investors in Europe for service sector data over the past month, and another on retail sales during December, in order to re-assess the levels of economic recovery in the euro zone.

Successively issued the final reading for service PMI index for the month of January in different parts of Europe.

Retail sales issued a major measurable indicators for consumer spending, which represents about 70 percent of the value of GDP by 10:00 GMT for the month of December, forecast to rise 0.4 percent Low from 0.3 percent in November.

Sterling pound

The pound fell yesterday by 0.2 percent against the US dollar, within a rebound from a higher level of operations in three weeks to $ 1.4445 recorded in earlier trading, coinciding with weak data in London showed slower-than-expected for the British construction during January.

U.S. dollar

The dollar index ends trading yesterday, down by 0.2 percent, the second daily loss in a row, due to risk aversion accelerated the purchase of low-yielding currencies _, in addition to a decline in expectations to raise US interest rates again next March amid growing global economic slowdown signes and the falling prices of oil.

By the dollar index at 06:47 GMT, trading around level 98.82 from an opening level 98.85, recorded the highest level 98.90 the and the lowest 98.75.

The dollar index settled during Asian market on Wednesday within a weak range of trading, with investors waiting for several important labor market data and US service sector , to measure the improvement in the growth of the largest economy in the world during the first quarter of this year, in order to re-evaluate the expectations of raising US interest rates in the next March.

Labor market will release ADP that measures new private sector jobs, the expected is 193 thousand new jobs in January compared with 257 thousand jobs during December.

And the services sector _, the final reading for service PMI index for the month of January is expected preliminary reading at the same level 53.7, while the reading for the service supply Institute expected to be 55.1 last month from 55.3 in December.