Major US stock indexes closed mixed. Investors assessed corporate accountability, as well as news about a possible merger in the biotech industry. This week reports for the last quarter unveil more than 140 companies from the index Standard & Poor's 500. According to analysts, the total profit of the companies index decreased in January-March by 4.3% on an annualized basis, whereas on April 10 forecast anticipated drop in the index 5.6%. "Market participants have gone too far in their expectations reduce corporate profits in the US - said investment director Reyl & Cie. Francois Savary. - With the publication of the new reporting quotations may grow. However, I am still cautious attitude towards the prospects for GDP growth in the US coming quarters because of the weak global economy and a strong dollar. "

Meanwhile, Goldman Sachs and data Retail Economist LLC, showed that weekly sales index in retail stores during the week April 12-18 decreased by 0.1% compared to the previous week. The index is calculated based on seasonally adjusted and based on sales in those stores that operated in both periods being compared. Compared to the same period of the previous year, sales rose by 3.3%.

At the same time, the price of oil futures declined in today's trading, due to the upcoming expiration of the May contract, as well as the expectations of the publication of data on stocks of petroleum products in the United States. Meanwhile, there are rumors that the reserves at the terminal in Cushing could fall from a record high of 61.5 million barrels. Investors have recently expressed concerns that the storage terminal may soon be filled to capacity.

Most components of the index DOW closed in the red (18 of 30). Outsider were shares The Travelers Companies, Inc. (TRV, -4.12%). Shares rose more than the rest Visa Inc. (V, + 0.99%).

Sector S & P index ended the day mixed. Most of the health sector increased (+ 0.9%). Outsiders were the basic materials sector (-0.8%).

At the time of closing:

Dow -0.47% 17,950.85 -84.08

Nasdaq + 0.39% 5,014.10 +19.50

S & P -0.14% 2,097.45 -2.95

The euro rose against the dollar significantly, offsetting with all previously lost positions today. Experts point out that in spite of the fears associated with Greece, the dollar is losing ground against the euro. A wave of optimism helps the single currency. It emerged after one of the representatives of the eurozone, said that the deadline for Greece is the end of June. Also head of the Eurogroup Jeroen Deysselblum said today he expects to reach an agreement between Athens and its creditors in the coming weeks. Furthermore, he added that in the interests of the eurozone to Greece remained in the unit. Jeroen Deysselblum, who also heads the group of eurozone finance ministers, said Greece should fulfill its obligations and agreements, if she wants to stay in the eurozone. But he also noted that the Greek exit - not an option. It is worth emphasizing, if Greece does not reach agreement with the international lenders, then in a few weeks she may end financial resources.

The Canadian dollar fell against the US currency, closer to the five-day minimum. Traders report that the Canadian could not hold the position won after comments from the head of the Central Bank of Canada and the runners amid rising oil prices. Little impact also had data on Canada. As it became known, wholesale sales in Canada fell unexpectedly in February, and sales reached their lowest level in six months. Proceeds from the wholesale trade fell by 0.4% to 53.62 billion. Canadian dollars ($ 43.84 billion)., Said Tuesday by Statistics Canada. The market consensus forecast assumed an increase of 0.5%. With the exception of the automotive sector wholesale sales fell 0.2%. On the basis of the bulk trade fell by 0.7%. The fall in February followed a revised decline of 2.9% in the previous month.

The pound has appreciated sharply against the US dollar, reaching a maximum at the same time yesterday on the background of the general decline of the American currency. Market participants are also expected to publish the minutes of the last meeting of the Bank of England. Recall, the protocol contains a detailed description of the situation in the economy, the financial sector, the global economy is considered the employment situation, credit and inflation, which provide in-depth understanding of conditions that influenced the decision taken by the British Bank. Despite the fact that these protocols have already reflect the past meeting of the Bank of England, the results of which are known, they may have some impact on the markets. Market participants are interested in how to split the votes of members of the Committee on monetary policy when deciding on the rate. Also pay attention to what the decision will be accompanied by commentary (commentary on the state of the economy, inflation, labor market, etc.).

Major U.S. indexes moving mixed on Tuesday, with the Dow industrials weighed by companies reporting earnings while the Nasdaq gained on the back of a proposed merger in the biotech sector.

Most of the Dow stocks are trading in negative area (20 of 30). Top looser - The Travelers Companies, Inc. (TRV, -2.88%). Top gainer - Visa Inc. (V, +1.41%).

S&P index sectors are moving mixed. Top looser - Basic Materials (-0.5%) - Top gainer - Healthcare (+0.9%).

At the moment:

Dow 17878.00 -65.00 -0.36%

S&P 500 2091.25 +0.25 +0.01%

Nasdaq 100 4427.50 +20.00 +0.45%

10-year yield 1.90% +0.01

Oil 57.52 -0.36 -0.62%

Gold 1199.70 +6.00 +0.50%

Stock indices closed higher despite the weaker-than-expected German ZEW economic sentiment index. Germany's ZEW economic sentiment index decreased unexpectedly to 53.3 in April from 54.8 in March, missing expectations for a rise to 56.0.

It was the first decrease since October 2014.

The decline was driven by lower export prospects.

The ZEW President Clemens Fuest said that Germany's economy "is in good shape".

Eurozone's ZEW economic sentiment index rose to 64.8 in April from 62.4 in March, beating expectations for a gain to 63.7.

The Greek debt problem continue to weigh on markets. The country is still running out of cash, and it needs a new tranche of loans. The Greek government hopes to unblock a new tranche of loans at the Eurogroup meeting on April 24. Some European officials expressed concerns that an agreement between Greece and its creditors will be signed this week.

The head of the Eurogroup Jeroen Dijsselbloem said today that he expects that Greece and its creditors will sign an agreement in the coming weeks. He added that a Greek exit could lead to "very dangerous instability" in the Eurozone.

"It's in the interests of Greece and the euro zone as a whole to avoid that," Dijsselbloem said.

The European Central Bank (ECB) is studying measures on Greek banks in return for emergency liquidity. The ECB staff have proposed to increase the haircuts on Greek bank collateral when borrowing from the Bank of Greece, people with knowledge of the situation said.

The proposal hasn't been discussed by the ECB Governing Council.

Indexes on the close:

Name Price Change Change %

FTSE 100 7,062.93 +10.80 +0.15 %

DAX 11,939.58 +47.67 +0.40 %

CAC 40 5,192.64 +5.05 +0.10 %

Oil prices traded lower as market participants expect that U.S. crude oil inventories will increase again. U.S. crude oil inventories rose 14 weeks in row. Analysts expect U.S. inventories to climb by 2.5 million barrels last week.

Comments by Iran's oil minister Bijan Namdar Zanganeh also weighed on oil prices. He said on Tuesday that the country expects the Organization of the Petroleum Exporting Countries (OPEC) will "create the necessary space for an increase in Iran's oil supply on world markets". According to Zanganeh, Iran wants to return to its pre-sanctions level.

Concerns over escalating conflict in Yemen which could lead to a disruption to oil supplies support oil prices.

WTI crude oil for June delivery fell to $57.61 a barrel on the New York Mercantile Exchange. Brent crude oil for June decreased to $62.80 a barrel on ICE Futures Europe.

Gold price traded higher on Greek debt problems. Greece is still running out of cash, and it needs a new tranche of loans. The Greek government hopes to unlock a new tranche of loans at the Eurogroup meeting on April 24. Some European officials expressed concerns that an agreement between Greece and its creditors will be signed this week.

The head of the Eurogroup Jeroen Dijsselbloem said today that he expects that Greece and its creditors will sign an agreement in the coming weeks. He added that a Greek exit could lead to "very dangerous instability" in the Eurozone.

"It's in the interests of Greece and the euro zone as a whole to avoid that," Dijsselbloem said.

The European Central Bank (ECB) is studying measures on Greek banks in return for emergency liquidity. The ECB staff have proposed to increase the haircuts on Greek bank collateral when borrowing from the Bank of Greece, people with knowledge of the situation said.

The proposal hasn't been discussed by the ECB Governing Council.

June futures for gold on the COMEX today rose to 1197.60 dollars per ounce.

The head of the Eurogroup Jeroen Dijsselbloem said on Tuesday that he expects that Greece and its creditors will sign an agreement in the coming weeks. He added that a Greek exit could lead to "very dangerous instability" in the Eurozone.

"It's in the interests of Greece and the euro zone as a whole to avoid that," Dijsselbloem said.

Dijsselbloem pointed out that Greece must meet its conditions and agreements if it wants to remain in the Eurozone.

Greece is still running out of cash, and it needs a new tranche of loans. The Greek government hopes to unlock a new tranche of loans at the Eurogroup meeting on April 24.

The European Central Bank (ECB) is studying measures on Greek banks in return for emergency liquidity. The ECB staff have proposed to increase the haircuts on Greek bank collateral when borrowing from the Bank of Greece, people with knowledge of the situation said.

The proposal hasn't been discussed by the ECB Governing Council.

The Bank of Greece keeps a buffer of around 3 billion euros of Emergency Liquidity Assistance (ELA) allowance in reserve.

EUR/USD: $1.0670-80(E986mn), $1.0730(E338mn), $1.0800-10(E922mn), $108.50(E462mn)

USD/JPY: Y118.00($504mn), Y118.50($200M), Y118.70($200mn), Y121.00($551mn)

EUR/JPY: Y129.00(E694mn)

GBP/USD: $1.4830-35(Gbp350mn)

EUR/GBP: Gbp0.7225(E221mn)

AUD/USD: 0.7700(A$469mn), $0.7750(A$290mn), $0.7800-10(A$280mn), $0.7855-60(A$280mn)

AUD/JPY: Y92.85-Y93.00(A$225mn)

NZD/USD: $0.7600(NZ$441mn), $0.7645(NZ$390mn), $0.7800(NZ$813mn)

USD/CAD: C$1.2200($295mn), C$1.2250($633mn), C$1.2305($380mn)

U.S. stock-index futures rose amid mixed corporate earnings.

Global markets:

Nikkei 19,909.09 +274.60 +1.40%

Hang Seng 27,850.49 +755.56 +2.79%

Shanghai Composite 4,294.31 +77.23 +1.83%

FTSE 7,075.39 +23.26 +0.33%

CAC 5,214.88 +27.29 +0.53%

DAX 12,021.89 +129.98 +1.09%

Crude oil $56.43 (+0.09%)

Gold $1198.80 (+0.43%)

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

Company reports Q1 earnings of $2.53 per share versus $2.50 consensus. Revenues rose 1.1% year/year to $5.89 bln versus $6.00 bln consensus.

TRV fell to $104.81 (-1.25%) on the premarket.

Statistics Canada released wholesale sales figures on Tuesday. Wholesale sales declined 0.4% in February, after a 2.9% drop in January.

January's figure was revised up from a 3.1% decline.

The decline was driven by lower sales in the building material and supplies subsector. Sales in the building material and supplies subsector slid 2.7%.

Sales decreased in three of the seven subsectors.

Sales of automobiles and parts dropped by 1.4% in February.

Inventories climbed by 0.6% in February. It was the 14^th consecutive increase.

Company reports Q1 earnings of $1.34 per share versus $1.31 consensus. Revenues fell 9.4% year/year to $9.17 bln versus $9.39 bln consensus.

Company reaffired guidance for FY15: EPS expected at $4.00-4.20 versus $4.06 consensus.

DD rose to $73.08 (+0.33%) on the premarket.

Company reports Q1 earnings of $1.51 per share versus $1.46 consensus. Revenues fell 1.4% year/year to $14.54 bln versus $14.87 bln consensus.

Company reaffired guidance for FY15: EPS expected at $6.85-7.05 versus $6.97 consensus, revenue expected at $65-$66 bln versus $65.38 bln consensus.

UTX rose to $118.25 (+1.49%) on the premarket.

Company reports Q1 earnings of $1.02 per share versus $0.95 consensus. Revenues rose 3.8% year/year to $31.98 bln versus $32.26 bln consensus.

VZ rose to $49.47 (+0.18%) on the premarket.

Company reports Q1 earnings of $2.91 per share versus $2.83 consensus. Revenues fell 11.9% year/year to $19.59 bln versus $19.68 bln consensus.

Company reaffirms EPS guidance for FY15 at $15.75-$16.50 versus $15.90 consensus.

IBM rose to $166.50 (+0.20%) on the premarket.

Economic calendar (GMT0):

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

01:30 Australia RBA Meeting's Minutes

09:00 Eurozone ZEW Economic Sentiment April 62.4 63.7 64.8

09:00 Germany ZEW Survey - Economic Sentiment April 54.8 56.0 53.3

The U.S. dollar traded lower against the most major currencies. There will be released no major U.S. economic reports today.

The euro traded higher against the U.S. dollar after the ZEW economic sentiment data from the Eurozone. Germany's ZEW economic sentiment index decreased unexpectedly to 53.3 in April from 54.8 in March, missing expectations for a rise to 56.0.

It was the first decrease since October 2014.

The decline was driven by lower export prospects.

The ZEW President Clemens Fuest said that Germany's economy "is in good shape".

Eurozone's ZEW economic sentiment index rose to 64.8 in April from 62.4 in March, beating expectations for a gain to 63.7.

The Greek debt problem continue to weigh on markets. The country is still running out of cash, and it needs a new tranche of loans. The Greek government hopes to unblock a new tranche of loans at the Eurogroup meeting on April 24.

The European Central Bank is studying measures on Greek banks in return for emergency liquidity.

The British pound traded higher against the U.S. dollar in the absence of any major economic reports from the U.K. The uncertainty ahead of the election in the U.K. in May continue to weigh on the pound.

The Canadian dollar traded higher against the U.S. dollar head of Canadian wholesales data.

EUR/USD: the currency pair increased to $1.0716

GBP/USD: the currency pair climbed to $1.4908

USD/JPY: the currency pair fell to Y119.30

The most important news that are expected (GMT0):

12:30 Canada Wholesale Sales, m/m February -3.1%

20:00 Canada Annual Budget

23:50 Japan Trade Balance Total, bln -425 50

23:50 Japan Adjusted Merchandise Trade Balance, bln March -639 -410

The European Central Bank (ECB) Governing Council Member and Banque de France Governor Christian Noyer said in New York on Monday that quantitative easing is "necessary but complex". Quantitative easing by the ECB has been "very effective", he noted.

Stock indices traded mixed after the ZEW economic sentiment data from the Eurozone. Germany's ZEW economic sentiment index decreased unexpectedly to 53.3 in April from 54.8 in March, missing expectations for a rise to 56.0.

It was the first decrease since October 2014.

The decline was driven by lower export prospects.

The ZEW President Clemens Fuest said that Germany's economy "is in good shape".

Eurozone's ZEW economic sentiment index rose to 64.8 in April from 62.4 in March, beating expectations for a gain to 63.7.

The Greek debt problem continue to weigh on markets. The country is still running out of cash, and it needs a new tranche of loans. The Greek government hopes to unblock a new tranche of loans at the Eurogroup meeting on April 24.

Current figures:

Name Price Change Change %

FTSE 100 7,048.48 -3.65 -0.05 %

DAX 11,943.19 +51.28 +0.43 %

CAC 40 5,181.61 -5.98 -0.12 %

The ZEW Center for European Economic Research released its economic sentiment index for Germany and the Eurozone on Tuesday. Germany's ZEW economic sentiment index decreased unexpectedly to 53.3 in April from 54.8 in March, missing expectations for a rise to 56.0.

It was the first decrease since October 2014.

The decline was driven by lower export prospects.

The ZEW President Clemens Fuest said that Germany's economy "is in good shape".

"The current weakness of the world economy is dampening export prospects and reducing the scope for further improvements of the economic situation in Germany," Fuest added.

Eurozone's ZEW economic sentiment index rose to 64.8 in April from 62.4 in March, beating expectations for a gain to 63.7.

EUR/USD: $1.0670-80(E986mn), $1.0730(E338mn), $1.0800-10(E922mn), $108.50(E462mn)

USD/JPY: Y118.00($504mn), Y118.50($200M), Y118.70($200mn), Y121.00($551mn)

EUR/JPY: Y129.00(E694mn)

GBP/USD: $1.4830-35(Gbp350mn)

EUR/GBP: Gbp0.7225(E221mn)

AUD/USD: 0.7700(A$469mn), $0.7750(A$290mn), $0.7800-10(A$280mn), $0.7855-60(A$280mn)

AUD/JPY: Y92.85-Y93.00(A$225mn)

NZD/USD: $0.7600(NZ$441mn), $0.7645(NZ$390mn), $0.7800(NZ$813mn)

USD/CAD: C$1.2200($295mn), C$1.2250($633mn), C$1.2305($380mn)

The Greek current account deficit widened to €929 million in February from €729 million a year ago.

The goods trade deficit narrowed to €1.15 billion in February from EUR 1.50 billion in February 2014.

The surplus on services trade declined to €501.6 million from €613.3 million a year ago.

The Bank of Canada (BoC) Governor Stephen Poloz said at the Bloomberg Americas Monetary Summit in New York on Monday that the further interest rate cut by the BoC is not needed.

"That amount seems to be about right to restore our track for the Canadian economy for the next year or so and get the output gap to close late in 2016," Poloz noted.

The BoC governor described a shock January interest rate cut as "insurance". The BoC lowered its interest rate to 0.75% from 1.0% on January 21 due to falling oil prices.

Poloz also said that the U.S. economy will expand stronger than expected, and that interest rate hike by the Fed will have a positive impact on the Canadian economy.

The BoC governor hopes that Canada's interest rate would be "normalized" by 2016.

The Reserve Bank of Australia (RBA) released its minutes from April monetary policy meeting on Tuesday. The RBA said that further interest rate cut might be needed "to foster sustainable growth in demand and inflation consistent with the target".

The RBA Board members want to wait for the new inflation data whether the Australian economy has responded to the interest rate cut in February.

The central bank noted that the Australian economy continue to expand below the trend in the December quarter and into the first quarter of 2015 despite the lower Australian dollar.

Household consumption had increased in the December quarter due to low interest rates and rising household wealth, according to the RBA.

The central bank said that "labour market conditions were likely to remain subdued".

The RBA kept its interest rate unchanged at 2.25% on April 07.

EUR / USD

Resistance levels (open interest**, contracts)

$1.0852 (1377)

$1.0816 (2985)

$1.0789 (223)

Price at time of writing this review: $1.0702

Support levels (open interest**, contracts):

$1.0663 (1910)

$1.0619 (2164)

$1.0561 (1697)

Comments:

- Overall open interest on the CALL options with the expiration date May, 8 is 58943 contracts, with the maximum number of contracts with strike price $1,1200 (5942);

- Overall open interest on the PUT options with the expiration date May, 8 is 73099 contracts, with the maximum number of contracts with strike price $1,0000 (8827);

- The ratio of PUT/CALL was 1.24 versus 1.28 from the previous trading day according to data from April, 20

GBP/USD

Resistance levels (open interest**, contracts)

$1.5206 (739)

$1.5108 (1595)

$1.5012 (2349)

Price at time of writing this review: $1.4869

Support levels (open interest**, contracts):

$1.4787 (2350)

$1.4691 (2462)

$1.4593 (905)

Comments:

- Overall open interest on the CALL options with the expiration date May, 8 is 22571 contracts, with the maximum number of contracts with strike price $1,5000 (2349);

- Overall open interest on the PUT options with the expiration date May, 8 is 31768 contracts, with the maximum number of contracts with strike price $1,4400 (2776);

- The ratio of PUT/CALL was 1.41 versus 1.40 from the previous trading day according to data from April, 20

* - 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.

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

04:30 Australia RBA Meeting's Minutes

The euro fell at $1.0738, toward the lower end of a $1.0712 to $1.0825 range seen yesterday, weighed down by German bund yields touching fresh lows and Greek woes dominating the headlines. Ahead of key data in the form of German ZEW due for release later in the European session (0900 GMT).

The aussie fell at $0.7725, toward the low end of the $0.7707 to $0.7843 seen yesterday, as aussie strength attributed to China's rate stimulus was more than negated on news that China's Property developer, Kasia Group, had defaulted on its overseas debt. Broad-based

US dollar strength was also seen following upbeat US corporate earnings results and RBA Stevens' speech where he mentioned rates could be cut again if needed and the aussie was very likely to fall further over time.

EUR / USD: during the Asian session the pair fell to $ 1.0720

GBP / USD: during the Asian session the pair fell to $ 1.4880

USD / JPY: during the Asian session the pair rose to Y119.50

Another data lite day for the UK with attention on Germany ZEW at 0900GMT. Wednesday brings BOE Minutes and Thursday UK retail sales. Until then main market focus remains on Greece debt woes and linked comment. UK General Election remains a background factor with betting now favouring a minority Labour led government.

(raw materials / closing price /% change)

Oil 56.38 +1.15%

Gold 1,195.80 +0.18%

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

Nikkei 225 19,634.49 -18.39 -0.09 %

Hang Seng 27,094.93 -558.19 -2.02 %

S&P/ASX 200 5,833.12 -44.75 -0.76 %

Shanghai Composite 4,218.12 -69.18 -1.61 %

FTSE 100 7,052.13 +57.50 +0.82 %

CAC 40 5,187.59 +44.33 +0.86 %

Xetra DAX 11,891.91 +203.21 +1.74 %

S&P 500 2,100.4 +19.22 +0.92 %

NASDAQ Composite 4,994.6 +62.79 +1.27 %

Dow Jones 18,034.93 +208.63 +1.17 %

(pare/closed(GMT +3)/change, %)

EUR/JPY $1,0741 -0,61%

GBP/USD $1,4905 -0,37%

USD/CHF Chf0,9559 +0,40%

USD/JPY Y119,21 +0,27%

EUR/JPY Y128,02 -0,37%

GBP/JPY Y177,68 -0,10%

AUD/USD $0,7725 -0,74%

NZD/USD $0,7659 -0,30%

USD/CAD C$1,2228 -0,13%

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

01:30 Australia RBA Meeting's Minutes

09:00 Eurozone ZEW Economic Sentiment April 62.4 63.7

09:00 Germany ZEW Survey - Economic Sentiment April 54.8 56.0

12:30 Canada Wholesale Sales, m/m February -3.1%

20:00 Canada Annual Budget

20:30 U.S. API Crude Oil Inventories April 2.6

23:50 Japan Trade Balance Total, bln -425 50

23:50 Japan Adjusted Merchandise Trade Balance, bln March -639 -410