(time / country / index / period / previous value / forecast)

00:30 Australia National Australia Bank's Business Confidence February 2

02:00 China Trade Balance, bln February 63.30 50.15

05:00 Japan Eco Watchers Survey: Current February 46.6

05:00 Japan Eco Watchers Survey: Outlook February 49.5

05:00 Japan Consumer Confidence February 42.5

06:45 Switzerland Unemployment Rate (non s.a.) February 3.8% 3.8%

07:00 Germany Industrial Production s.a. (MoM) January -1.2% 0.5%

07:45 France Trade Balance, bln January -3.94 -4.15

08:15 Switzerland Consumer Price Index (MoM) February -0.4% -0.1%

08:15 Switzerland Consumer Price Index (YoY) February -1.3% -1.1%

09:15 United Kingdom BOE Gov Mark Carney Speaks

10:00 Eurozone GDP (QoQ) (Revised) Quarter IV 0.3% 0.3%

10:00 Eurozone GDP (YoY) (Revised) Quarter IV 1.6% 1.5%

13:15 Canada Housing Starts February 165.9 180

13:30 Canada Building Permits (MoM) January 11.3% -2%

17:00 United Kingdom MPC Member Weale Speaks

23:30 Australia Westpac Consumer Confidence March 4.2%

The euro and the pound strengthened significantly against the US dollar, helped by the increase in risk appetite against the backdrop of rising oil prices. However, the room for growth is limited as investors remain cautious ahead of the ECB meeting and the pound under pressure on fears of output the UK from the European Union. Market participants expect that against the background against the backdrop of high economic risk and weak inflation, the ECB will launch additional measures to mitigate the monetary policy. However, once in December, the ECB disappointed markets by their actions, policies will be difficult to live up to expectations, since the bar pretty high. Most experts interviewed to Reuters, believe that in the course of the March meeting of the ECB will lower the deposit rate by another 0.1% to 0.4%, but leave unchanged its key refinancing rate - at 0.05%. Also Reuters survey results showed that the probability of increasing the amount of asset purchases (QE) is 68%. On average, it is expected that the amount will increase QE by 10 billion. Euros to 70 billion euros. Per month. However, some experts predict increase in QE to 90 billion. Per month. Also at the March meeting, the ECB will present new economic forecasts for 2016-2018 years, probably, the new forecast for inflation this year will be much lower than December, taking into account the latest data. Analysts at Goldman Sachs believe that the ECB will revise the estimates of inflation for 2016 to 0.1% from 1.0%, and for 2017 - from 1.6% to 1.5%.

Meanwhile, the pound also affected by expectations the publication of data on industrial production in the UK, which will be released on Wednesday. Probably, the statistics would indicate a recovery in industrial production in January. It can strengthen the hope that the situation in the economy at the beginning of 2016 was more positive than the results of the polls indicate. According to the forecast, compared with the previous month, the industrial production in January, likely rose 0.5% after falling 1.1% in December. Growth in industrial production eliminates concerns that emerged after the publication of Markit Economics index PMI.

The Canadian dollar rose substantially against the US dollar, reaching a maximum of 20 November 2015. In the course of trading affect the rise in price of oil and the widespread weakening of the US currency. Today, the price of a barrel of Brent crude for the first time since December 2015 exceeded the mark of $ 40 per barrel. Meanwhile, WTI crude closer to the level of 38 dollars per barrel. Support for oil quotations has improved prospects for the global economy and signs of demand reduction. On Friday, Baker Hughes reported that the number of the US oil rigs last week dropped to 392 units, the lowest level since 2009. Reducing the number of units is marked now the eleventh week in a row. At the moment, the number of installations of all types decreased by 69% from its peak in October 1609, 2014. Prospects of demand in the world oil market are also improving. On Friday it became known that in February the growth of employment in the United States resumed - the number of jobs outside agriculture rose by 242 000, and the growth of the previous two months was revised upward to 30 000. Meanwhile, the Commission on Commodity Future US announced that hedge funds and other speculators last week closed bets on falling oil prices, the fastest pace in 10 months. In the short positions in WTI crude oil decreased by 15% ended March 1 week - up to 150 thousand 718 futures and options.. Positions on the growth of oil prices fell by 753 contracts, resulting in net long positions increased by 24 thousand. 886 contracts. But analysts warn that the world oil market remains a significant oversupply, prices may well fall back.

Major U.S. stock indexes slightly rose. The New York state comptroller said in a report that also warned of weaker profits and job cuts for the industry this year.

Most of Dow stocks in positive area (17 of 30). Top looser - NIKE, Inc. (NKE, -2,82%). Top gainer - Caterpillar Inc. (CAT, +3,51%).

Most of S&P sectors in positive area. Top looser - Consumer goods (-0,5%). Top gainer - Basic Materials (+1,7%).

At the moment:

Dow 17046.00 +79.00 +0.47%

S&P 500 1999.75 +4.75 +0.24%

Nasdaq 100 4317.75 -4.75 -0.11%

Oil 37.63 +1.71 +4.76%

Gold 1267.60 -3.10 -0.24%

U.S. 10yr 1.92 +0.03

Today's session brought a positive picture of the Warsaw market, which seems to be a derivative of similar conduct of other emerging markets. These grow from a few days in the wake of higher commodity prices and today, looking at the behavior of Turkey, Hungary or Russia can be seen a continuation of this trend. In this environment, the West of Europe looks a bit worse. General atmosphere is still good, and short-term trends remain on most floors growth.

The broad market measure, the WIG Index, added 0.95%. Except for telecommunication sector (-1.17%) and chemicals (-0.22%), every sector in the WIG Index gained, with food sector (+2.60%) outperforming.

Oil and gas producer SERINUS (WSE: SEN) recorded the strongest daily advance of 12%. Coking coal miner JSW (WSE: JSW) also produced noticeable gains, up 6.18%, after Poland's gas company PGNIG (WSE: PGN; +2.53%) had submitted an offer to buy a district heating plant from the company.

On the contrary, SYNTHOS (WSE: SNS), one of the largest manufacturers of chemical raw materials in Poland, posted a 6% decrease, as a response to information that the company's Board will recommend to the General Meeting to pay no dividend for 2015 year. Elsewhere, ACTION (WSE: ACT), a company which operates in the areas of trade and production of IT-equipment, withdrew its FY2015 financial forecasts, after a previuos 2-times reduction. As a result the company lost 10.4%.

Stock indices closed lower on the negative data from the Eurozone and on news from China. China's Premier Li Keqiang said at the National People's Congress over the weekend that the government forecasted the Chinese economy to expand 6.5% - 7.0% this year. The economic growth in 2016 - 2020 is expected to be not less than 6.5%.

Meanwhile, the economic data from the Eurozone was negative. Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index fell to 5.5 in March from 6.0 in February. It was the lowest level since April 2015.

A reading above 0.0 indicates optimism, below indicates pessimism.

"The Eurozone suffers from the loss of economic momentum of the global economy," managing director at Sentix, Patrick Hussy, said.

"A look abroad gives more reasons to cheer this time: values for Asia ex. Japan could recover the second month in a row. Moreover, the US economy exhibits resilience in March," he added.

Destatis released its factory orders data for Germany on Monday. German seasonal adjusted factory orders declined 0.1% in January, beating expectations for a 0.3% decrease, after a 0.2% fall in December. December's figure was revised up from a 0.7% drop.

The drop was driven by a decrease in domestic orders. Foreign orders increased by 1.0% in January, while domestic orders dropped by 1.6%.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,182.4 -17.03 -0.27 %

DAX 9,778.93 -45.24 -0.46 %

CAC 40 4,442.29 -14.33 -0.32 %

Oil prices rose on hopes that top oil producers could cooperate to stabilise the oil market. The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC members could meet to discuss the freeze of the oil production in Moscow on March 20.

The United Arab Emirates' energy minister, Suhail bin Mohammed al-Mazrouei, said on Monday that all oil producer are interested in freezing their production as oil prices are low. That could help to balance the oil market, he added.

Baker Hughes' data also supported oil prices. The oil driller Baker Hughes reported on Friday that the number of active U.S. oil rigs declined by 8 rigs to 392 last week. It was the lowest level since December 4, 2009. The number of gas rigs slid by 5 to 97, the lowest level since 1987.

WTI crude oil for April delivery increased to $37.18 a barrel on the New York Mercantile Exchange.

Brent crude oil for April rose to $40.22 a barrel on ICE Futures Europe.

The U.K. manufacturers' association EEF lowered its manufacturing growth forecasts on Monday. The manufacturing sector in the U.K. is expected to rise 0.6% in 2016, down from the previous estimate of 0.8%.

The EEF expects the U.K. economy to expand 1.9% in 2016, down from the previous estimate of 2.1%.

The EEF said that output balance increased after hitting weakest point in six years in Q4 2015, while total orders also rose from a six year low.

"After the gloomy end to 2015, this latest data shows a chink of light. But, we should not be getting the deckchairs out yet. The slide is bottoming out, but manufacturing is still in negative territory and faces a precarious climb back up amidst a storm of real uncertainty. In a two-speed scenario, the fact that even those sectors in the fast lane are not relaxed about the global outlook probably says it all," EEF Chief Economist, Lee Hopley, said.

The cost of oil futures rose significantly, reaching a three-month high, helped by improving global economic outlook and expectations of the market recovery.

Support for oil also have signs of supply reduction. On Friday, Baker Hughes reported that the number of the US oil rigs last week dropped to 392 units, the lowest level since 2009. Reducing the number of units is marked now the eleventh week in a row. At the moment, the number of installations of all types decreased by 69% from its peak in October 1609, 2014. Reducing the number of rigs typically is "bovine" signal to the oil.

Prospects of demand in the world oil market are also improving. On Friday it became known that in February the growth of employment in the United States resumed - the number of jobs outside agriculture rose by 242 000, and the growth of the previous two months was revised upward to 30 000. "Employment growth raises hopes that the growth and, consequently, demand for oil in the country, will continue to grow, "says Michael Poulsen, an analyst at Global Risk Management.

Meanwhile, the Commission on Trade in commodity futures is the United States said that hedge funds and other speculators last week closed bets on falling oil prices, the fastest pace in 10 months amid falling fears that prices could fall to $ 20 a barrel. In the short positions in WTI crude oil decreased by 15% ended March 1 week - up to 150 thousand 718 futures and options.. Positions on the growth of oil prices fell by 753 contracts, resulting in net long positions increased by 24 thousand. 886 contracts.

But analysts warn that the world oil market remains a significant oversupply, prices may well fall back. Meanwhile, Morgan Stanley said that most of the recent rally was due to a decrease of the US dollar. "Thus, prices could continue to rally on the news, and the fall of the dollar, but the upward movement should be limited against the backdrop of large global inventories and hedge positions vendors," analysts said. According to the "bullish scenario," Morgan Stanley, oil prices could recover to an average of $ 90 per barrel in 2020, but Brent is more likely to reach $ 80. Meanwhile, according to the "bearish scenario" of oil will reach $ 65 by 2020.

During this week, traders will focus on the volume of stocks at the warehouses of wholesale trade data in the US, which could again show a slowdown in US production amid concerns about the glut of domestic stocks. Investors will also pay attention to the events surrounding the possible deal between OPEC and its member getters.

WTI for delivery in April climbed to $37.18 a barrel. Brent for April advanced to $40.22 a barrel.

Gold price rose as global stocks declined and as market participants speculated that the Fed could delay its further interest rate hikes.

A weaker the U.S. dollar also supported gold. Market participants continued to eye Friday's mixed U.S. labour market data. According to the U.S. Labor Department's data, the U.S. economy added 242,000 jobs in February, exceeding expectations for a rise of 190,000 jobs, after a gain of 172,000 jobs in January. January's figure was revised up from a rise of 151,000 jobs. The increase was driven by rises in health care and social assistance, retail trade, food services and drinking places, and private educational services. The U.S. unemployment rate remained unchanged at 4.9% in February, the lowest level since February 2008, in line with expectations. Average hourly earnings dropped 0.1% in February, missing forecasts of a 0.2% gain, after a 0.5% rise in January.

April futures for gold on the COMEX today rose to 1266.30 dollars per ounce.

Gold moderately increased in price today, returning to 13-month high, which was associated with the fall of the global stock and decrease the chances of increase in the Fed's interest rate.

Although Friday's US data showed that employment in the non-agricultural sector increased by a significant 242 thousand., Drop the average wage may mean that the Fed is in no hurry to raise interest rates. Recall, low interest rates encourage investors to invest in interest-free and safe assets such as gold.

"Until now, the gold rally was based on a reassessment of the terms increase of FRS rate. Now the market believes that the rate hike will be delayed for some time, in contrast to the expectations at the beginning of the year, the Fed may again raise rates in March," said an analyst at Danske Bank Jens Pedersen. This year, gold has jumped in price by almost 18%, as investors turned to the shelter in the conditions of increased volatility in the financial markets.

In the course of trading is also affected by expectations of Fed speeches. At 18:00 GMT US Deputy Treasury Leil Brainard will speak at the conference of the Institute of international banking business with a speech entitled "Economic Perspectives, liquidity and stability." In addition, Fed Vice Chair Stanley Fischer will deliver a speech entitled "Reflections on Macroeconomics: Then and Now" at the conference of the National Association of the economy and businesses.

Inflows into exchange-traded funds (ETFs) fell slightly on Friday, but remained at a level of multi-year highs. Gold reserves in the largest investment fund SPDR Gold Trust reached 793.1 tons, the highest since September 2014.

Meanwhile, the Commodity Futures Trading Commission said: this week on March 1 hedge funds and money managers cut their bullish bets on gold, which was recorded for the first time since mid-January.

Gold futures for April delivery rose to $1241,40 per ounce.

The Conference Board released its Employment Trends Index (ETI) for the U.S on Monday. The index decreased to 129.09 in February from 129.15 in January. January's figure was revised up from 128.90.

Five of the eight components declined.

"The flatness of the Employment trends index since September suggests that the rapid job growth in recent months is likely to slow down. In particular, we are concerned about the temporary help industry component, one of the most powerful leading indicators of employment growth, which has declined for the second month in a row in February," Managing Director of Macroeconomic and Labour Market Research at The Conference Board, Gad Levanon, said.

The European Central Bank (ECB) purchased €13.24 billion of government and agency bonds under its quantitative-easing program last week.

The ECB bought €1.90 billion of covered bonds, and €258 million of asset-backed securities.

The ECB could add further stimulus measures at its meeting this week. The central bank could cut its deposit rate further or expand its monthly asset purchases.

Rating agency Fitch Ratings on Friday affirmed Portugal's sovereign debt rating at 'BB+' but downgraded the outlook to 'stable' from 'positive'. The agency noted that the downward revision of the outlook was driven by the bigger-than-expected fiscal deficit.

"Fiscal performance was well off-target in 2015, with the general government deficit at an estimated 4.2% of GDP compared with the 2.7% initially expected," Fitch said.

"The government's plans for fiscal deficit reduction in 2016 are also at risk," the agency added.

U.S. stock-index futures fell.

Global Stocks:

Nikkei 16,911.32 -103.46 -0.61%

Hang Seng 20,159.72 -16.98 -0.08%

Shanghai Composite 2,898.64 +24.50 +0.85%

FTSE 6,131.22 -68.21 -1.10%

CAC 4,410.4 -46.22 -1.04%

DAX 9,722.01 -102.16 -1.04%

Crude oil $36.21 (+0.81%)

Gold $1269.20 (-0.12%)

(company / ticker / price / change, % / volume)

The Italian statistical office Istat released its producer price inflation data for Italy on Monday. Italian producer prices decreased 0.7% in January, after a 0.6% decline in December. December's figure was revised up from a 0.7% drop.

Producer price declined by 0.8% on domestic market and by 0.4% on non-domestic market in January.

On a yearly basis, Italian PPI fell 2.5% in January, after a 3.2% drop in December. December's figure was revised up from a 3.3% fall.

Producer price slid 3.0% on domestic market and by 0.9% on non-domestic market in January.

USD/JPY: 112.40 (USD 380m) 113.00 (423m) 114.00 (458m) 114.35 (200m)

EUR/USD: 1.0750 (EUR 1.27bln) 1.0825 (203m) 1.0850-55 (697m) 1.0870-75 (537m) 1.0960 (210m) 1.0970-75 (454m)

GBP/USD: 1.4200 (GBP 406m)

EUR/GBP: 0.7800 (EUR 386m)

AUD/USD: 0.7260 (AUD 807m) 0.7280 (315m) 0.7300 181m) 0.7425 (348m)

NZD/USD 0.6650-60 (331m)

Upgrades:

Downgrades:

Other:

Hewlett Packard Enterprise (HPE) target raised to $19 from $13.50 at Maxim Group

Apple (AAPL) target lowered to $127 from $132 at Pacific Crest

Intel (INTC) target lowered to $36 from $40 at BofA/Merrill

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

00:30 Australia ANZ Job Advertisements (MoM) February 0.9% Revised From 1.0% -1.2%

03:40 Japan BOJ Governor Haruhiko Kuroda Speaks

05:00 Japan Coincident Index (Preliminary) January 110.9 113.8

05:00 Japan Leading Economic Index (Preliminary) January 101.8 Revised From 102.1 101.4

07:00 Germany Factory Orders s.a. (MoM) January -0.2% Revised From -0.7% -0.3% -0.1%

09:10 United Kingdom MPC Member Andy Haldane Speaks

09:30 Eurozone Sentix Investor Confidence March 6.0 5.5

The U.S. dollar traded mixed against the most major currencies in the absence of any major economic reports from the U.S.

Market participants continued to eye Friday's U.S. labour market data. According to the U.S. Labor Department's data, the U.S. economy added 242,000 jobs in February, exceeding expectations for a rise of 190,000 jobs, after a gain of 172,000 jobs in January. January's figure was revised up from a rise of 151,000 jobs. The increase was driven by rises in health care and social assistance, retail trade, food services and drinking places, and private educational services. The U.S. unemployment rate remained unchanged at 4.9% in February, the lowest level since February 2008, in line with expectations. Average hourly earnings dropped 0.1% in February, missing forecasts of a 0.2% gain, after a 0.5% rise in January.

The euro traded mixed against the U.S. dollar after the release of the negative economic data from the Eurozone. Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index fell to 5.5 in March from 6.0 in February. It was the lowest level since April 2015.

A reading above 0.0 indicates optimism, below indicates pessimism.

"The Eurozone suffers from the loss of economic momentum of the global economy," managing director at Sentix, Patrick Hussy, said.

"A look abroad gives more reasons to cheer this time: values for Asia ex. Japan could recover the second month in a row. Moreover, the US economy exhibits resilience in March," he added.

Destatis released its factory orders data for Germany on Monday. German seasonal adjusted factory orders declined 0.1% in January, beating expectations for a 0.3% decrease, after a 0.2% fall in December. December's figure was revised up from a 0.7% drop.

The drop was driven by a decrease in domestic orders. Foreign orders increased by 1.0% in January, while domestic orders dropped by 1.6%.

The British pound traded lower against the U.S. dollar in the absence of any major economic reports from the U.K.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair declined to $1.4132

USD/JPY: the currency pair fell to Y113.39

The most important news that are expected (GMT0):

15:00 U.S. Labor Market Conditions Index February 0.4

17:00 U.S. FOMC Member Brainard Speaks

17:30 U.S. FED Vice Chairman Stanley Fischer Speaks

20:00 U.S. Consumer Credit January 21.27 16.75

23:20 Australia RBA Assist Gov Lowe Speaks

23:50 Japan Current Account, bln January 960.7 719

23:50 Japan GDP, q/q (Finally) Quarter IV 0.3% -0.4%

23:50 Japan GDP, y/y (Finally) Quarter IV 1.3% -1.5%

EUR/USD

Offers: 1.0975-80 1.1000 1.1025-30.1050 1.1080 1.1100

Bids: 1.0945-50 1.0920 1.0900 1.08875-80 1.0850 1.0830 1.0800 1.0785 1.0750

GBP/USD

Offers: 1.4185-90 1.4200 1.4225 1.4250 1.4280 1.4300 1.4335 1.4350

Bids: 1.4150 1.4120 1.4100 1.4070 1.4045-50 1.4020 1.4000 1.3985 1.3945-50

EUR/JPY

Offers: 124.60 124.85 125.00 125.30 125.50 125.75 126.00

Bids: 124.00-05 123.60 123.20 123.00 122.50 122.30 122.00

EUR/GBP

Offers: 0.7750 0.7760 0.7775-80 0.7800 0.7820-25 0.7850

Bids: 0.7720 0.7700 0.7675 0.7650

USD/JPY

Offers: 113.80-85 114.00 114.25-30 114.50 114.75-80 115.00

Bids: 113.50 113.50 113.20 113.00 112.70-75 112.50 112.30 112.00

AUD/USD

Offers: 0.7420-25 0.7435 0.7450 0.7475 0.7500

Bids: 0.7385 0.7350 0.7330 0.7300 0.7280 0.7260 0.7220 0.7200

The first part of the trade session was marked with moderately positive response of the market to the environment and satisfactory activity, such as the beginning of a new week.

WIG20 Index approached the highs of recent changes, and hit the resistance level of 1,880 pts., which is expected to restrict further movements up to the circular barrier of 1900 points.

Although Euroland developments send mixed signals to the Polish market, the latter remains strong.

Slight declines that marked the opening of European market sessions have now widened, and southern phase of trade brings a discount of 1% for both the DAX-a and CAC40. The biggest drops are so far in the sector of mining companies. Weaker are also banks that are second on the list of declining sectors.

Meanwhile, WSE evidenced outstanding performance of Serinus Energy Inc. (SEN) that gained more than 12% during the session so far.

Serinus Energy Inc. (formerly: Kulczyk Oil Ventures) it is an international company active in the exploration and production of oil and gas, which has a diverse portfolio of assets, includes both projects at the stage of exploration and development of deposits, as well as projects with significant exploration potential. The main assets of the company are interests in five gas fields in Ukraine, land concession areas in Brunei and shares in huge onshore exploration block in Syria. The shares Serinus Energy Inc. are listed on the WSE from May, 2010.

Stock indices traded lower on the negative data from the Eurozone and on news from China. China's Premier Li Keqiang said at the National People's Congress over the weekend that the government forecasted the Chinese economy to expand 6.5% - 7.0% this year. The economic growth in 2016 - 2020 is expected to be not less than 6.5%.

Meanwhile, the economic data from the Eurozone was negative. Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index fell to 5.5 in March from 6.0 in February. It was the lowest level since April 2015.

A reading above 0.0 indicates optimism, below indicates pessimism.

"The Eurozone suffers from the loss of economic momentum of the global economy," managing director at Sentix, Patrick Hussy, said.

"A look abroad gives more reasons to cheer this time: values for Asia ex. Japan could recover the second month in a row. Moreover, the US economy exhibits resilience in March," he added.

Destatis released its factory orders data for Germany on Monday. German seasonal adjusted factory orders declined 0.1% in January, beating expectations for a 0.3% decrease, after a 0.2% fall in December. December's figure was revised up from a 0.7% drop.

The drop was driven by a decrease in domestic orders. Foreign orders increased by 1.0% in January, while domestic orders dropped by 1.6%.

Current figures:

Name Price Change Change %

FTSE 100 6,149.33 -50.10 -0.81 %

DAX 9,707.22 -116.95 -1.19 %

CAC 40 4,410.09 -46.53 -1.04 %

The Australia and New Zealand Banking Group Limited (ANZ) released its job advertisements figures on Monday. Job advertisements declined 1.2% in February, after a 0.9% rise in January. January's figure was revised down from a 1.0% rise.

The decrease was mainly driven by a drop in internet job advertisements, which fell by 1.3% in February.

"Growth in job advertising has slowed sharply in recent months. The fall in job ads in February may reflect some caution on behalf of businesses amid heightened financial markets volatility and negative news flow on the global economy. It could also partly reflect the tricky nature of seasonal adjustment at this time of year," the ANZ Chief Economist Warren Hogan noted.

Japan's Cabinet Office released its preliminary leading index data on Monday. The leading index decreased to 101.4 in January from 101.8 in December. It was the lowest level since December 2012.

December's figure was revised down from 102.1.

Japan's coincident index climbed to 113.8 in January from 110.9 in December. The index was mainly driven by an increase in output in the electronic parts and devices sector.

According to data released by the People's Bank of China (PBoC) on Monday, China's foreign-exchange reserves declined by $28.57 billion to $3.20 trillion in February, after a drop by $99.5 billion in January. It was the lowest level since December 2011, and the fourth consecutive monthly decline.

The Australian Industry Group (AiG) released its construction data for Australia on late Sunday evening. The Ai Group/HIA Australian Performance of Construction Index fell to 46.1 in February from 46.3 in January.

A reading above 50 indicates expansion in the sector, a reading below 50 indicates contraction.

The decline was mainly driven by a drop in house building activity.

Destatis released its factory orders data for Germany on Monday. German seasonal adjusted factory orders declined 0.1% in January, beating expectations for a 0.3% decrease, after a 0.2% fall in December. December's figure was revised up from a 0.7% drop.

The drop was driven by a decrease in domestic orders. Foreign orders increased by 1.0% in January, while domestic orders dropped by 1.6%.

New orders from the Eurozone jumped 7.5% in January, while orders from other countries declined 2.7%.

Orders of the intermediate goods decreased by 4.0% in January, capital goods orders were up 1.7%, while consumer goods orders climbed 3.9%.

On a yearly basis, factory orders rose 1.1% in January, after a 2.2% decline in December.

Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index fell to 5.5 in March from 6.0 in February. It was the lowest level since April 2015.

A reading above 0.0 indicates optimism, below indicates pessimism.

"The Eurozone suffers from the loss of economic momentum of the global economy," managing director at Sentix, Patrick Hussy, said.

"A look abroad gives more reasons to cheer this time: values for Asia ex. Japan could recover the second month in a row. Moreover, the US economy exhibits resilience in March," he added.

The current conditions index fell to 8.3 in March from 10.5 in February.

The expectations index climbed to 2.8 in March from 1.5 in February.

German investor confidence index rose to 16.9 in March from 14.5 in February.

Saudi Arabian Foreign Minister Adel al-Jubeir said on Saturday that the country was not ready to lower its oil output, while other oil producers would increase their oil production.

"Our view is market forces determine the price of oil and we will maintain our market share and markets will recover," he said.

The Warsaw Stock Exchange announces that following the trading session on March 18 2016, there will be an annual revision concerning WIG20, WIG20TR, mWIG40, sWIG80, WIG30 and WIG30TR composition.

In the WIG20 and WIG20TR portfolios, LOTOS will be added while SYNTHOS will be removed.

In the mWIG40 portfolio, there will be following changes:

· new companies: GRAJEWO, ROBYG, SYNTHOS, UNIWHEELS;

· removed companies: GETIN, LOTOS, STALPROD, ZEPAK.

In the sWIG80 portfolio there will be following changes:

· new companies: CPGROUP, GETIN, GRAAL, OPONEO, POLIMEXMS, SKOTAN, STALPROD, WIELTON, ZEPAK;

· removed companies: BOS, GINOROSSI, GRAJEWO, INDYGO, KANIA, ROBYG, SERINUS, SMT, UNIWHEELS.

In the WIG30 and WIG30TR, HANDLOWY will be replaced by MILLENNIUM;

Weightings of PEKAO, PKNORLEN, PKOBP and PZU companies in the WIG30 and WIG30TR will be reduced to 10%.

China's Premier Li Keqiang said at the National People's Congress over the weekend that the government forecasted the Chinese economy to expand 6.5% - 7.0% this year. The economic growth in 2016 - 2020 is expected to be not less than 6.5%.

"This is the crucial period in which China currently finds itself and during which we must build up powerful new drivers in order to accelerate the development of the new economy," he said.

The government plans to invest $120 billion in railway construction and $240 billion to build roads. The government also plans to create 50 million jobs.

Oil tanker "Monte Toledo" from Iran, carrying 1 million barrels of Iranian oil, arrived in Europe on Sunday. It was the first time since sanctions were lifted off.

Tanker arrived at the refinery near Algeciras, southern Spain.

Bank of Japan (BoJ) Governor Haruhiko Kuroda said on Monday that the central bank would analyse the effect of negative interest rates.

"The Bank will continue to carefully monitor developments in the money market," he said.

Kuroda reiterated that the BoJ would expand its quantitative easing if needed.

The BoJ expects the inflation in Japan to reach 2% target.

"Deflation will not return to Japan. Price stability with 2 percent inflation will definitely be achieved," he noted.

The oil driller Baker Hughes reported on Friday that the number of active U.S. oil rigs declined by 8 rigs to 392 last week. It was the lowest level since December 4, 2009.

The number of gas rigs slid by 5 to 97, the lowest level since 1987.

Combined oil and gas rigs decreased by 13 to 489.

The new week on the WSE starts quite calm, there was no major deviations at the beginning of our session on the futures market, which was more or less a copy of behavior of contracts on European indices. Futures contracts on the WIG20 index recorded a slight decline at the opening (FW20H16 1874 points (-3 points)).

WSE Main List stock indexes opening Quotations:

WIG 46467,99 0,15 %

WIG20 1874,03 0,03 %

WIG30 2097,46 0,12 %

mWIG40 3515,79 0,32 %

WIGdiv 978,40 0,10 %

The eyes of investors today are turned to the market of copper and other industrial metals which are in a correction phase, because market players believe that last week's increases in metals prices were excessive, taking into account the fundamental data of raw materials. Copper prices on the London Metal Exchange falling sharply, the first time in 5 sessions, in response to the information that comes from China.

The financial statement showed out this morning that Bank that PKO BP posted PLN 444.3 mln Q4 attributable net profit, much above the market consensus for PLN 371.4 mln profit.

USD/JPY: 112.40 (USD 380m) 113.00 (423m) 114.00 (458m) 114.35 (200m)

EUR/USD: 1.0750 (EUR 1.27bln) 1.0825 (203m) 1.0850-55 (697m) 1.0870-75 (537m) 1.0960 (210m) 1.0970-75 (454m)

GBP/USD: 1.4200 (GBP 406m)

EUR/GBP: 0.7800 (EUR 386m)

AUD/USD: 0.7260 (AUD 807m) 0.7280 (315m) 0.7300 181m) 0.7425 (348m)

NZD/USD 0.6650-60 (331m)

The U.S. dollar was slightly lower against the yen during the Asia trading session Monday.

The European Central Bank's board members are expected to meet Thursday, when the central bank is expected to push a key interest rate even further into negative territory. Meanwhile, the Bank of Japan and the U.S. Federal Reserve are scheduled to hold policy meetings next week.

The Australian dollar fell as Australian job advertisements fell back in February, adding to signs that the breakneck hiring spree seen in the second half of 2015 may cool in the month ahead. According to the ANZ, job advertisements fell by 1.2% to 154,748 after seasonal adjustments, leaving the number at the lowest level seen since October last year. Despite the mild decline registered in February, advertisements still grew 8.2% from 12 months earlier.

EUR/USD: during the Asian session the pair traded in the range of $1.0980-00

GBP/USD: during the Asian session the pair traded in the range of $1.4195-25

USD/JPY: during the Asian session the pair fell to Y113.50

German factory orders at 07.00 GMT is the only release of note but we do have the latest Eurogroup meeting taking place to provide some rhetoric/hot air. Two US Fed talking heads later.

European stocks and U.S. stocks closed higher for the fourth straight day Friday as crude oil prices climbed and official data showed jobs growth in February was stronger than economists' expected. The world's largest economy added 242,000 jobs last month, and the unemployment rate stayed at 4.9%. Investors world-wide look to the report as the labor market is a key consideration of the Federal Reserve's in deciding monetary policy.

Chinese shares rose Monday after authorities mapped plans to buoy growth even as they try to steer the economy toward a new quarter-century-low growth target this year. Investors appeared to focus on China's message of economic growth during the opening of the National People's Congress (NPC) last Saturday, rather than its outlines for painful layoffs as it moves to cut excess production in steel and coal industries.

Based on MarketWatch materials

EUR / USD

Resistance levels (open interest**, contracts)

$1.1168 (1584)

$1.1127 (3088)

$1.1075 (111)

Price at time of writing this review: $1.0991

Support levels (open interest**, contracts):

$1.0949 (1016)

$1.0913 (1621)

$1.0865 (2109)

Comments:

- Overall open interest on the CALL options with the expiration date April, 8 is 35027 contracts, with the maximum number of contracts with strike price $1,0900 (3088);

- Overall open interest on the PUT options with the expiration date April, 8 is 46040 contracts, with the maximum number of contracts with strike price $1,0500 (4522);

- The ratio of PUT/CALL was 1.31 versus 1.19 from the previous trading day according to data from March, 4

GBP/USD

Resistance levels (open interest**, contracts)

$1.4507 (1002)

$1.4410 (2116)

$1.4314 (819)

Price at time of writing this review: $1.4209

Support levels (open interest**, contracts):

$1.4087 (233)

$1.3991 (966)

$1.3993 (429)

Comments:

- Overall open interest on the CALL options with the expiration date April, 8 is 16586 contracts, with the maximum number of contracts with strike price $1,4700 (2233);

- Overall open interest on the PUT options with the expiration date April, 8 is 15415 contracts, with the maximum number of contracts with strike price $1,3850 (2866);

- The ratio of PUT/CALL was 0.93 versus 0.96 from the previous trading day according to data from March, 4

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

(raw materials / closing price /% change)

Oil 36.33 +1.14%

Gold 1,260.10 -0.83%

(index / closing price / change items /% change)

Nikkei 225 17,014.78 +54.62 +0.32 %

Hang Seng 20,176.7 +234.94 +1.18 %

Shanghai Composite 2,874.06 +14.30 +0.50 %

FTSE 100 6,199.43 +68.97 +1.13 %

CAC 40 4,456.62 +40.54 +0.92 %

Xetra DAX 9,824.17 +72.25 +0.74 %

S&P 500 1,999.99 +6.59 +0.33 %

NASDAQ Composite 4,717.02 +9.60 +0.20 %

Dow Jones 17,006.77 +62.87 +0.37 %

(pare/closed(GMT +2)/change, %)

EUR/USD $1,1001 +0,41%

GBP/USD $1,4222 +0,32%

USD/CHF Chf0,9933 +0,13%

USD/JPY Y113,95 +0,24%

EUR/JPY Y125,35 +0,65%

GBP/JPY Y162,04 +0,56%

AUD/USD $0,7430 +1,08%

NZD/USD $0,6806 +1,22%

USD/CAD C$1,3321 -0,61%

(time / country / index / period / previous value / forecast)

00:30 Australia ANZ Job Advertisements (MoM) February 1.0%

03:40 Japan BOJ Governor Haruhiko Kuroda Speaks

05:00 Japan Coincident Index (Preliminary) January 110.9

05:00 Japan Leading Economic Index (Preliminary) January 102.1

07:00 Germany Factory Orders s.a. (MoM) January -0.7% -0.3%

09:10 United Kingdom MPC Member Andy Haldane Speaks

09:30 Eurozone Sentix Investor Confidence March 6.0

15:00 U.S. Labor Market Conditions Index February 0.4

17:00 U.S. FOMC Member Brainard Speaks

17:30 U.S. FED Vice Chairman Stanley Fischer Speaks

20:00 U.S. Consumer Credit January 21.27 16.5

23:20 Australia RBA Assist Gov Lowe Speaks

23:50 Japan Current Account, bln January 960.7 719

23:50 Japan GDP, q/q (Finally) Quarter IV 0.3% -0.4%

23:50 Japan GDP, y/y (Finally) Quarter IV 1.3% -1.5%