US stocks rose slightly today, while the S & P 500 closed near record highs. Fresh batch of disappointing economic data reinforced investors' expectations that the Federal Reserve will not raise interest rates any time soon.

As it became known today, initial applications for unemployment benefits, the gauge of layoffs throughout the economy, rose to a seasonally adjusted 10,000 to 274,000 for the week ended May 16, the Labor Department said on Thursday. Economists expected 271,000 initial claims.

In addition, a report Philadelphia Fed in May PMI deteriorated, reaching at the same level of 6.7 points compared with 7.5 points in April. It is worth noting that many economists had expected growth of this indicator to the level of 8.0 points.

However, sales in the secondary market fell in April after rising in the previous month, marking the unevenness that has been the hallmark of the recovery of the housing market. Sales in the secondary market decreased by 3.3% last month from March to a seasonally adjusted annual rate reached 5.04 million, the National Association of Realtors said Thursday. Sales in March were revised up to 5.21 million. From the originally reported 5.19 million.

Oil prices increased significantly today, adding more than 2% as disappointing manufacturing data from China and the euro zone have increased the likelihood of the adoption of measures to stimulate the economy, which could help increase the demand for energy.

Components of the index DOW closed mixed (11 against 18 in the red in the black). Outsider were shares Johnson & Johnson (JNJ, -1.05%). Most remaining shares of Caterpillar Inc. rose (CAT, + 1.56%).

Most sectors of the S & P closed in the positive zone. Most of the basic materials sector increased (+ 0.8%). Outsiders were conglomerates sector (-0.1%).

At the close:

Dow + 0.01% 18,286.40 +1.00

Nasdaq + 0.38% 5,090.79 +19.05

S & P + 0.24% 2,130.89 +5.04

The pound has appreciated significantly against the US dollar, reaching thus the level of $ 1.5700, which was mainly due to the publication of positive data on retail sales in Britain. Recall that in the UK retail sales rebounded in April at a faster than expected pace amid rising sales in non-food stores. Office for National Statistics reported that retail sales, including automotive fuel, increased by 1.2 percent for the month, offsetting the 0.7 percent drop in March. Sales are expected to grow by 0.4 per cent. With the exception of automotive fuel sales increased by 1.2 percent after it remained unchanged in March. Economists had forecast growth of 0.2 percent in April. Sales in food stores fell by 0.1 percent compared to the previous month, while sales of non-food stores increased by 2.4 per cent. In view of the motor fuel retail sales growth accelerated to 4.7 percent year-on-year in April from 4 percent in March and exceeded the 3.8 percent growth forecast of economists. Retail sales excluding automotive fuel also rose by 4.7 percent, but slightly slower than the increase of 4.8 percent in March. Sales are expected to grow by only 3.7 percent.

The dollar retreated from a session low against the euro, but still shows a moderate decrease. A slight pressure on the US currency had data on the housing market. The National Association of Realtors reported: housing sales in the secondary market decreased by 3.3% last month from March to a seasonally adjusted annual rate reached 5.04 million. Sales in March were revised up to 5.21 million. From the originally reported 5.19 million. Economists had expected April sales will increase to an annual rate of 5.24 million. Sales in April rose by 6.1% compared with the same month a year earlier. The median sale price of homes in the secondary market increased by 8.9% compared with a year earlier to $ 219,400 in April, saying the biggest increase since January 2004. This price is only close to the peak reached in 2006, when the average selling price for the year was $ 221 900. In view of the current sales pace, it would take 5.3 months to exhaust the supply of homes on the market. Total stocks of dwellings in late April increased 10% to 2.21 million. Houses are available for sale.

Furthermore, the market's attention is directed to the situation in Greece. Today starts the summit of EU leaders in Riga, where the main focus will be on the negotiations of Greece with the European partners. However, several EU representatives have already expressed on this subject and did not expect that in the framework of this meeting, an agreement is reached. Recall, on the eve of the European Central Bank increased the limit of the amount of funding Greek banks in the framework of emergency provision of liquidity by 200 million euros. This minimum limit increase since the start of the latest series of talks with Greece's international creditors in February. June 5 Greece is obliged to pay 305 million euros to the IMF and the risk to default if no agreement is reached before that date.

Meanwhile, investors will turn their attention to Friday's data on US inflation and the speech of the Fed's Yellen to get fresh instructions on how the economy behaves.

Polish equity market appreciated on Thursday. The broad market benchmark - the WIG index inched up 0.11%, while the large liquid companies measure - the WIG30 index rose 0.07%.

The outperformers of the previous session ASSECO POLAND (WSE: ACP) and JSW (WSE: JSW) were among the biggest laggards in the WIG30 index, losing a respective 1.88% and 1.15% due to profit-taking. Aside from that, oil & gas name PKN ORLEN (WSE: PKN) also suffered selling pressure, retreating by 1.36% after hitting an all-time high in the previous session. Financials name ING BSK (WSE: ING) recorded similar result, falling by 1.34%. At the same time, ORANGE POLSKA (WSE: OPL) managed to record the best daily result, advancing 1.56%. It was followed by PKO BP (WSE: PKO) and BOGDANKA (WSE: LWB), gaining 1.45% and 1.44% respectively. KGHM (WSE: KGH) added 1.11%, benefiting from a rising copper price.

The performance of the WIG sub-sector indices was mixed. The telecommunications names measure - the WIG-TELKOM index posted the biggest gain, adding 1.30%. On the contrary, oil&gas names benchmark- the WIG-PALIWA index fared the worst, losing 0.63%.

Major U.S. indexes rose on Thursday, with the S&P 500 near record high, as a fresh batch of disappointing economic data bolstered expectations that the Federal Reserve would not raise interest rates any time soon. The central bank's officials believed it would be premature to raise rates next month even though most felt the economy was set to rebound from a dismal start to the year, according to minutes from their April policy meeting. Data on Thursday showed that jobless claims rose slightly more than expected last week, manufacturing sector growth slowed for a second straight month during May and home resales unexpectedly fell in April.

Dow stocks are mixed (14 - fell vs 16 - rose). Top looser - UnitedHealth Group Incorporated (UNH, -0.75%). Top gainer - Caterpillar Inc. (CAT, +1.34%).

Most of S&P index sectors in positive area. Top gainer - Basic Materials (+0,8%). Top looser - Financial (-0.1%).

At the moment:

Dow 18275.00 +19.00 +0.10%

S&P 500 2128.75 +6.25 +0.29%

Nasdaq 100 4529.25 +23.75 +0.53%

10-year yield 2.21% -0.04

Oil 60.67 +1.69 +2.87%

Gold 1204.60 -4.10 -0.34%

Stock indices closed higher on mixed manufacturing PMIs from the Eurozone and after the release of the European Central Bank's (ECB) monetary policy minutes. Eurozone's preliminary manufacturing PMI increased to 52.3 in May from 52.0 in April. Analysts had expected index to remain unchanged at 52.0.

Eurozone's preliminary services PMI declined to 53.3 in May from 54.1 in April. Analysts had expected the index to fall to 53.9.

Markit's Chief Economist Chris Williamson said that Eurozone's economy is expected to grow around 2.0% this year. He added that it would be the best performance since 2010.

Germany's preliminary manufacturing PMI fell to 51.4 in May from 52.1 in April, missing forecasts of an increase to 52.3.

Germany's preliminary services PMI decreased to 52.9 in May from 54.0 in April, missing expectations for a fall to 53.9.

Markit's economist Oliver Kolodseike noted that it seems that the growth of German economy will remain sluggish in the coming months.

France's preliminary manufacturing PMI rose to 49.3 in May from 48.0 in April, beating forecasts of a rise to 48.5.

France's preliminary services PMI increased to 51.6 in May from 51.4 in April, missing expectations for a gain to 51.9.

The Senior Economist at Markit Jack Kennedy said that the French economy is expected to expand in the second quarter.

The European Central Bank's (ECB) its minutes of March meeting on Thursday. According to the minutes, the ECB said in its minutes that quantitative easing was working but the implementation of key reforms is needed for full benefits.

The Governing Council reiterated to keep its monetary policy "until the end of September 2016 and, in any case, until a sustained adjustment was visible in the path of inflation consistent with the Governing Council's aim of achieving inflation rates below, but close to, 2% over the medium term".

Eurozone's preliminary consumer confidence index declined to -5.5 in May from -4.6 in April.

Retail sales in the U.K. increased 1.2% in April, exceeding expectations for a 0.4% rise, after a 0.7% decline in March. March's figure was revised down from a 0.5% fall.

It was the highest increase since November 2014.

The rise was driven by higher sales of clothing, textiles and footwear, which climbed by 5.2% in April.

The ONS noted that sales were supported by warmer than average weather.

On a yearly basis, retail sales in the U.K. climbed 4.7% in April, beating forecasts of 3.8% increase, after a 4.0% rise in March. March's figure was revised down from a 4.2% gain.

Indexes on the close:

Name Price Change Change %

FTSE 100 7,013.47 +6.21 +0.09%

DAX 11,864.59 +16.12 +0.14%

CAC 40 5,146.7 +13.40 +0.26%

Oil prices traded higher on the soft economic data from China and Eurozone. The Chinese preliminary HSBC manufacturing Purchasing Managers' Index (PMI) increased to 49.1 in May from 48.9 in April, missing expectations for a rise to 49.3. A reading below 50 indicates contraction of activity.

The output index dropped to 48.4 in May from 50.0 in April. It was a 13-month low. New export orders also declined.

This reading puts more pressure on the Chinese government to implement further stimulus measures.

Geopolitical tensions in the Middle East and yesterday's U.S. crude oil inventories figures also supported oil prices.

WTI crude oil for June delivery increased to $60.68 a barrel on the New York Mercantile Exchange.

Brent crude oil for June climbed to $66.82 a barrel on ICE Futures Europe.

Gold price traded lower on yesterday's release of the Fed's April monetary policy meeting minutes. It is unlikely that the Fed will start to hike its interest rate in June.

Some policymakers expect that the Fed may raise its interest rates in June. Members noted that the Fed was on track to hike its interest rates in June. Many policymakers said that it unlikely that the economic data available in June would provide sufficient confirmation that the conditions for hiking interest rate had been met.

Today's U.S. economic data was weaker than expected. The U.S. preliminary manufacturing purchasing managers' index (PMI) fell to 53.8 in May from 54.1 in April, missing expectations for a rise to 54.5. It was the lowest level since January 2014.

Sales of existing homes declined 3.3% to a seasonally adjusted annual rate of 5.04 million in April from 5.21 million in March.

The Philadelphia Federal Reserve Bank's manufacturing index unexpectedly decreased to 6.7 in May from 7.5 in April, missing expectations for a rise to 8.0.

July futures for gold on the COMEX today decreased to 1205.40 dollars per ounce.

The European Commission released its preliminary consumer confidence figures for the Eurozone on Thursday. Eurozone's preliminary consumer confidence index declined to -5.5 in May from -4.6 in April.

The reading remains above the levels in the recent years since the financial crisis, but it seems that the boost from lower energy prices is fading.

The Conference Board released its leading economic index for the U.S. on Thursday. The leading economic index climbed by 0.7% in April, beating expectations a 0.3% gain, after a 0.4% increase in March. March's figure was revised up from a 0.2% rise.

The increase was driven by higher building permits. Seven of the ten indicators rose.

The Conference Board economist Ataman Ozyildirim said that the reading suggests that the weakness of the economy in the first quarter was temporary. But he added that the index does not suggest "a significant strengthening in the economic outlook at this time".

The improvement in building permits helped to drive the index up this month, but gains in other components, in particular the financial indicators, have been somewhat more muted," Ozyildirim noted.

The Philadelphia Federal Reserve Bank released its manufacturing index on Thursday. The index unexpectedly decreased to 6.7 in May from 7.5 in April, missing expectations for a rise to 8.0.

A reading above zero indicates expansion.

The fall was driven by decline in input prices. The prices paid index dropped to -14.2 in May from -7.5 in April, while the prices received index were down to -5.4 from -4.1.

The number of employees index declined to 6.7 in May from 11.5 last month.

The new orders index increased to 4.0 in May from 0.7 in April.

According to the report, the indicators of future activity continue to show that the manufacturing sector is expected to continue growing over the next six months.

The National Association of Realtors released existing homes sales figures in the U.S. on Thursday. Sales of existing homes declined 3.3% to a seasonally adjusted annual rate of 5.04 million in April from 5.21 million in March.

March's figure was revised up from 5.19 million units.

Analysts had expected an increase to 5.24 million units.

The NAR chief economist Lawrence Yun said that April's reading was "the result of lagging supply relative to demand and the upward pressure it's putting on prices".

"With low interest rates and job growth, more buyers will be encouraged to enter the market unless prices accelerate even higher in relation to incomes," he noted.

Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for the U.S. on Thursday. The U.S. preliminary manufacturing purchasing managers' index (PMI) fell to 53.8 in May from 54.1 in April, missing expectations for a rise to 54.5. It was the lowest level since January 2014.

A reading above 50 indicates expansion in economic activity.

The Markit Chief Economist Chris Williamson said that export sales dropped for two straight months. That has not seen for two years, he added.

"Unless production growth revives there is a worry that payroll growth will slow as companies seek to boost productivity," Williamson pointed out.

According to the survey, manufacturers say that the stronger U.S. dollar is hurting demand for exports.

The preliminary new orders index declined to 54.2 in May from 55.3 in April.

The preliminary output index was down to 55.0 in May from 55.3 in April, the lowest level since December 2014.

The European Central Bank's (ECB) its minutes of March meeting on Thursday. According to the minutes, the ECB said in its minutes that quantitative easing was working but the implementation of key reforms is needed for full benefits.

"A strong signal needed to be sent to euro area governments to press ahead with structural reforms and to take measures to improve the business environment," the central bank noted.

The Governing Council reiterated to keep its monetary policy "until the end of September 2016 and, in any case, until a sustained adjustment was visible in the path of inflation consistent with the Governing Council's aim of achieving inflation rates below, but close to, 2% over the medium term".

The central bank ruled out that there would be difficulty meeting purchase targets.

The ECB decided on January 22 to launch an expanded asset purchase programme of 60 billion euro a month starting from March 2015 until September 2016.

The Confederation of British Industry (CBI) released its industrial order books balance on Thursday. The CBI industrial order books balance dropped to -5% in May from +1% in April, missing expectations for a rise to +3%.

The decline was driven by lower exports. The export order book balance rose slightly to -7% in May from -11% in April.

The balance for output volumes for the next three months fell to +15% in May from +16% in April.

The CBI director of economics Rain Newton-Smith said that manufacturers in the U.K. expect the growth to continue and export orders to improve.

"Some of this could be down to an improvement in the Eurozone's momentum - but the strengthening pound is still proving quite a challenge," he noted.

EUR/USD: $1.1000(E701mn), $1.1075(E547mn), $1.1100(E449mn), $1.1200(E210mn), $1.1500(E3.2bn)

USD/JPY: Y121.00($371mn), Y121.20($350mn)

GBP/USD: $1.5400(Gbp467mn)

U.S. stock-index futures fluctuated amid mixed earnings reports and signs the labor market continues to strengthen.

Global markets:

Nikkei 20,202.87 +6.31 +0.03%

Hang Seng 27,523.72 -61.33 -0.22%

Shanghai Composite 4,530.16 +83.88 +1.89%

FTSE 7,007.17 -0.09 0.00%

CAC 5,122.52 -10.78 -0.21%

DAX 11,826.5 -21.97 -0.19%

Crude oil $59.39 (+0.68%)

Gold $1202.40 (-0.52%)

The U.S. Labor Department released its jobless claims figures on Thursday. The number of initial jobless claims in the week ending May 16 in the U.S. climbed by 10,000 to 274,000 from 264,000 in the previous week, missing expectations for a rise by 7,000.

Low jobless claims could be interpreted as the strengthening of the labour market.

Continuing jobless claims declined by 12,000 to 2,211,000 in the week ended May 9, the lowest level since November 11, 2000.

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

The Chinese preliminary HSBC manufacturing Purchasing Managers' Index (PMI) increased to 49.1 in May from 48.9 in April, missing expectations for a rise to 49.3.

A reading below 50 indicates contraction of activity.

The output index dropped to 48.4 in May from 50.0 in April. It was a 13-month low. New export orders also declined.

"Softer client demand, both at home and abroad, along with further job cuts indicate that the sector may find it difficult to expand, at least in the near-term, as companies tempered production plans in line with weaker demand conditions," Markit economist Annabel Fiddes said.

This reading puts more pressure on the Chinese government to implement further stimulus measures.

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Amazon (AMZN) reiterated at Overweight at Morgan Stanley, target raised to $520 from $450

Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for Japan on Thursday. The index rose to 50.3 in May from 49.9 in April.

A reading above 50 indicates expansion.

The increase was driven by higher output and new orders. The output index increased to 51.7 in May from 49.3 in April, while new orders climbed to 51.2 from 48.8 in April.

"Reflective of an overall improvement in operating conditions at Japanese manufacturers was a return to growth of both production and new orders in May," said Markit economist Amy Brownbill.

Economic calendar (GMT0):

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

01:00 Australia Consumer Inflation Expectation May 3.4% 3.6%

01:35 Japan Manufacturing PMI (Preliminary) May 49.9 50.9

01:45 China HSBC Manufacturing PMI (Preliminary) May 48.9 49.3 49.1

02:00 New Zealand Annual Budget Release

04:30 Japan All Industry Activity Index, m/m March 0.2% Revised From 0.1% -1.3%

07:00 France Services PMI (Preliminary) May 51.4 51.9 51.6

07:00 France Manufacturing PMI (Preliminary) May 48.0 48.5 49.3

07:30 Germany Services PMI (Preliminary) May 54.0 53.9 52.9

07:30 Germany Manufacturing PMI (Preliminary) May 52.1 52.3 51.4

08:00 Eurozone Current account, unadjusted, bln March 14.7 Revised From 13.8 24.9

08:00 Eurozone Manufacturing PMI (Preliminary) May 52.0 52.0 52.3

08:00 Eurozone Services PMI (Preliminary) May 54.1 53.9 53.3

08:30 United Kingdom Retail Sales (MoM) April -0.7% Revised From -0.5% 0.4% 1.2%

08:30 United Kingdom Retail Sales (YoY) April 4.0% Revised From 4.2% 3.8% 4.7%

10:00 United Kingdom CBI industrial order books balance May 1 3 -5

11:30 Eurozone ECB Monetary Policy Meeting Accounts

The U.S. dollar mixed against the most major currencies ahead of the U.S. economic data. The number of initial jobless claims in the U.S. is expected to rise by 7,000 to 271,000.

The U.S. preliminary manufacturing PMI is expected to rise to 54.5 in May from 54.1 in April.

The existing home sales in the U.S. are expected to increase to 5.24 million units in April from 5.19 million units in March.

The Fed's monetary policy meeting minutes weighed on the greenback. It is unlikely that the Fed starts to raise its interest rate in June.

The euro traded higher against the U.S. dollar after mixed manufacturing PMIs from the Eurozone and after the release of the European Central Bank's (ECB) monetary policy minutes. Eurozone's preliminary manufacturing PMI increased to 52.3 in May from 52.0 in April. Analysts had expected index to remain unchanged at 52.0.

Eurozone's preliminary services PMI declined to 53.3 in May from 54.1 in April. Analysts had expected the index to fall to 53.9.

Markit's Chief Economist Chris Williamson said that Eurozone's economy is expected to grow around 2.0% this year. He added that it would be the best performance since 2010.

Germany's preliminary manufacturing PMI fell to 51.4 in May from 52.1 in April, missing forecasts of an increase to 52.3.

Germany's preliminary services PMI decreased to 52.9 in May from 54.0 in April, missing expectations for a fall to 53.9.

Markit's economist Oliver Kolodseike noted that it seems that the growth of German economy will remain sluggish in the coming months.

France's preliminary manufacturing PMI rose to 49.3 in May from 48.0 in April, beating forecasts of a rise to 48.5.

France's preliminary services PMI increased to 51.6 in May from 51.4 in April, missing expectations for a gain to 51.9.

The Senior Economist at Markit Jack Kennedy said that the French economy is expected to expand in the second quarter.

The ECB said in its minutes that quantitative easing was working but the implementation of key reforms is needed for full benefits.

The British pound traded higher against the U.S. dollar after the better-than-expected retail sales data from the U.K. Retail sales in the U.K. increased 1.2% in April, exceeding expectations for a 0.4% rise, after a 0.7% decline in March. March's figure was revised down from a 0.5% fall.

It was the highest increase since November 2014.

The rise was driven by higher sales of clothing, textiles and footwear, which climbed by 5.2% in April.

The ONS noted that sales were supported by warmer than average weather.

On a yearly basis, retail sales in the U.K. climbed 4.7% in April, beating forecasts of 3.8% increase, after a 4.0% rise in March. March's figure was revised down from a 4.2% gain.

The CBI industrial order books balance dropped to -5% in May from +1% in April, missing expectations for a rise to +3%.

The decline was driven by lower exports.

EUR/USD: the currency pair increased to $1.1180

GBP/USD: the currency pair climbed to $1.5698

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

12:30 U.S. Initial Jobless Claims May 264 271

13:45 U.S. Manufacturing PMI (Preliminary) May 54.1 54.5

14:00 Eurozone Consumer Confidence (Preliminary) May -4.6

14:00 U.S. Existing Home Sales April 5.19 5.24

14:00 U.S. Philadelphia Fed Manufacturing Survey May 7.5 8.0

17:30 Eurozone ECB President Mario Draghi Speaks

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

23:00 U.S. FOMC Member Williams Speaks

The Federal Reserve released its April monetary policy meeting minutes on Wednesday. Some policymakers expect that the Fed may raise its interest rates in June. Members noted that the Fed was on track to hike its interest rates in June. Many policymakers said that it unlikely that the economic data available in June would provide sufficient confirmation that the conditions for hiking interest rate had been met.

EUR/USD

Offers 1.1140 1.1165 1.1180 1.1200 1.1230 1.1250

Bids 1.1100 1.1080-85 1.1055-60 1.1025-40 1.1000 1.0985 1.0965 1.0950

GBP/USD

Offers 1.5565 1.5585 1.5600 1.5630 1.5650 1.5670 1.5700

Bids 1.5525 1.5500 1.5480 1.5465 1.5450 1.5430 1.5400 1.5380 1.5360

EUR/GBP

Offers 0.7165 0.7185 0.7200 0.7225-30 0.7250 0.7285 0.7300

Bids 0.7130 0.7100 0.7085 0.7065 0.7050

EUR/JPY

Offers 135.00 135.40 136.00 136.50

Bids 134.50 134.30 134.00 133.80 133.50 133.00

USD/JPY

Offers 121.20 121.50 121.80 122.00 122.30 122.50

Bids 120.80 120.60 120.45 120.20 120.00 119.80 119.60 119.45

AUD/USD

Offers 0.7920 0.7940-45 0.7965 0.7980 0.8000 0.8025 0.8040 0.8060

Bids 0.7880 0.7865 0.7850 0.7835 0.7800 0.7785 0.7750

Most stock indices traded lower after mixed manufacturing PMIs from the Eurozone. Eurozone's preliminary manufacturing PMI increased to 52.3 in May from 52.0 in April. Analysts had expected index to remain unchanged at 52.0.

Eurozone's preliminary services PMI declined to 53.3 in May from 54.1 in April. Analysts had expected the index to fall to 53.9.

Markit's Chief Economist Chris Williamson said that Eurozone's economy is expected to grow around 2.0% this year. He added that it would be the best performance since 2010.

Germany's preliminary manufacturing PMI fell to 51.4 in May from 52.1 in April, missing forecasts of an increase to 52.3.

Germany's preliminary services PMI decreased to 52.9 in May from 54.0 in April, missing expectations for a fall to 53.9.

Markit's economist Oliver Kolodseike noted that it seems that the growth of German economy will remain sluggish in the coming months.

France's preliminary manufacturing PMI rose to 49.3 in May from 48.0 in April, beating forecasts of a rise to 48.5.

France's preliminary services PMI increased to 51.6 in May from 51.4 in April, missing expectations for a gain to 51.9.

The Senior Economist at Markit Jack Kennedy said that the French economy is expected to expand in the second quarter.

Retail sales in the U.K. increased 1.2% in April, exceeding expectations for a 0.4% rise, after a 0.7% decline in March. March's figure was revised down from a 0.5% fall.

It was the highest increase since November 2014.

The rise was driven by higher sales of clothing, textiles and footwear, which climbed by 5.2% in April.

The ONS noted that sales were supported by warmer than average weather.

On a yearly basis, retail sales in the U.K. climbed 4.7% in April, beating forecasts of 3.8% increase, after a 4.0% rise in March. March's figure was revised down from a 4.2% gain.

Current figures:

Name Price Change Change %

FTSE 100 7,009.31 +2.05 +0.03 %

DAX 11,808.27 -40.20 -0.34 %

CAC 40 5,114.04 -19.26 -0.38 %

Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for the Eurozone on Thursday. Eurozone's preliminary manufacturing PMI increased to 52.3 in May from 52.0 in April. Analysts had expected index to remain unchanged at 52.0.

Eurozone's preliminary services PMI declined to 53.3 in May from 54.1 in April. Analysts had expected the index to fall to 53.9.

Markit's Chief Economist Chris Williamson said that Eurozone's economy is expected to grow around 2.0% this year. He added that it would be the best performance since 2010.

Germany's preliminary manufacturing PMI fell to 51.4 in May from 52.1 in April, missing forecasts of an increase to 52.3.

Germany's preliminary services PMI decreased to 52.9 in May from 54.0 in April, missing expectations for a fall to 53.9.

Markit's economist Oliver Kolodseike noted that it seems that the growth of German economy will remain sluggish in the coming months.

France's preliminary manufacturing PMI rose to 49.3 in May from 48.0 in April, beating forecasts of a rise to 48.5.

France's preliminary services PMI increased to 51.6 in May from 51.4 in April, missing expectations for a gain to 51.9.

The Senior Economist at Markit Jack Kennedy said that the French economy is expected to expand in the second quarter.

EUR/USD: $1.1000(E701mn), $1.1075(E547mn), $1.1100(E449mn), $1.1200(E210mn), $1.1500(E3.2bn)

USD/JPY: Y121.00($371mn), Y121.20($350mn)

GBP/USD: $1.5400(Gbp467mn)

The Office for National Statistics released its retail sales data for the U.K. on Thursday. Retail sales in the U.K. increased 1.2% in April, exceeding expectations for a 0.4% rise, after a 0.7% decline in March. March's figure was revised down from a 0.5% fall.

It was the highest increase since November 2014.

The rise was driven by higher sales of clothing, textiles and footwear, which climbed by 5.2% in April.

The ONS noted that sales were supported by warmer than average weather.

Fuel sales increased 2.0% in April, while food sales fell 0.1% in April.

On a yearly basis, retail sales in the U.K. climbed 4.7% in April, beating forecasts of 3.8% increase, after a 4.0% rise in March. March's figure was revised down from a 4.2% gain.

Germany's Finance Minister Wolfgang Schäuble said in an interview to The Wall Street Journal and Les Echos that he couldn't rule out a Greek default. Schäuble showed no willingness to compromise in the debt talks between Greece and its creditors to unlock the €245 billion bailout.

He also said that he was ready to talk with the U.K. about its demand to rewrite the rules of its European Union membership.

The U.S. Energy Information Administration (EIA) released its inventories figures on Wednesday. U.S. crude oil inventories decreased by 2.67 million barrels to 482.17 million barrels last week.

Crude stocks at the Cushing, Oklahoma, declined by 241,000 barrels to 60.44 million barrels.

Crude oil production fell by 112,000 barrels a day to 9.262 million.

Gasoline stockpiles were down 2.77 million barrels to 223.9 million, the lowest level since December 12.

U.S. refineries operated at 92.4% of their capacity, up from 91.2% the previous week.

Five banks (Barclays, UBS, Citigroup, J.P. Morgan Chase и Royal Bank of Scotland) agreed on Wednesday to plead guilty to market manipulation. Barclays, Citigroup, J.P. Morgan and the Royal Bank of Scotland admitted to illegally distorting foreign exchange prices of U.S. dollars and euros from December 2007 to January 2013. Banks will pay fines in total of more than $5.5 billion.

Barclays, Citigroup, J.P. Morgan and the Royal Bank of Scotland used an electronic chat room and coded language to manipulate exchange rates.

UBS AG pleaded guilty to manipulating the London Interbank Offered Rate (Libor). UBS will pay $545 million in fines.

EUR / USD

Resistance levels (open interest**, contracts)

$1.1238 (3051)

$1.1198 (4252)

$1.1169 (3112)

Price at time of writing this review: $1.1106

Support levels (open interest**, contracts):

$1.1065 (2676)

$1.1030 (4416)

$1.0982 (7189)

Comments:

- Overall open interest on the CALL options with the expiration date June, 5 is 106356 contracts, with the maximum number of contracts with strike price $1,1500 (5044);

- Overall open interest on the PUT options with the expiration date June, 5 is 131961 contracts, with the maximum number of contracts with strike price $1,0800 (9614);

- The ratio of PUT/CALL was 1.24 versus 1.23 from the previous trading day according to data from May, 20

GBP/USD

Resistance levels (open interest**, contracts)

$1.5803 (1249)

$1.5705 (2636)

$1.5609 (2400)

Price at time of writing this review: $1.5536

Support levels (open interest**, contracts):

$1.5491 (2084)

$1.5394 (2805)

$1.5297 (1638)

Comments:

- Overall open interest on the CALL options with the expiration date June, 5 is 34900 contracts, with the maximum number of contracts with strike price $1,5700 (2636);

- Overall open interest on the PUT options with the expiration date June, 5 is 51249 contracts, with the maximum number of contracts with strike price $1,5000 (3246);

- The ratio of PUT/CALL was 1.47 versus 1.47 from the previous trading day according to data from May, 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)

01:00 Australia Consumer Inflation Expectation May 3.4% 3.6%

01:35 Japan Manufacturing PMI (Preliminary) May 49.9 50.9

01:45 China HSBC Manufacturing PMI (Preliminary) May 48.9 49.3 49.1

02:00 New Zealand Annual Budget Release

04:30 Japan All Industry Activity Index, m/m March 0.1% -1.3%

The dollar weakened 0.3 percent versus the euro and 0.2 percent against Japan's yen. Federal Reserve Chair Janet Yellen gives a speech Friday on the economic outlook after minutes from the central bank's last meeting reinforced the message that borrowing costs could rise at any meeting. European leaders meet to discuss Greece's debt situation.

European Union leaders are due to meet with Greek Prime Minister Alexis Tsipras in Latvia's capital Riga, amid continued wrangling over the indebted nation's bailout.

The European Central Bank's Governing Council consented at a meeting in Frankfurt on Wednesday to a 200 million-euro ($222 million) increase in emergency funding for Greek banks, people familiar with the discussion said.

EUR / USD: during the Asian session the pair rose to $ 1.1125

GBP / USD: during the Asian session the pair rose to $ 1.5560

USD / JPY: during the Asian session the pair fell to Y121.05

UK retail sales provides the main data interest this morning (0830GMT), followed at 1000GMT by CBI trends. EZ final PMI's to be released ahead of UK data with attention turning to the afternoon's release of US weekly jobless claims (1230GMT), US mfg PMI (1345GMT) and existing home sales at 1400GMT.

(raw materials / closing price /% change)

Oil 58.98 +1.71%

Gold 1,209.30 +0.05%

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

Nikkei 225 20,196.56 +170.18 +0.85 %

Hang Seng 27,585.05 -108.49 -0.39 %

S&P/ASX 200 5,610.3 -5.20 -0.09 %

Shanghai Composite 4,448.29 +30.74 +0.70 %

FTSE 100 7,007.26 +12.16 +0.17 %

CAC 40 5,133.3 +16.00 +0.31 %

Xetra DAX 11,848.47 -4.86 -0.04 %

S&P 500 2,125.85 -1.98 -0.09 %

NASDAQ Composite 5,071.74 +1.71 +0.03 %

Dow Jones 18,285.4 -26.99 -0.15 %

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

EUR/USD $1,1091 -0,49%

GBP/USD $1,5529 +0,12%

USD/CHF Chf0,9369 +0,01%

USD/JPY Y121,28 +0,52%

EUR/JPY Y134,52 +0,05%

GBP/JPY Y188,33 +0,64%

AUD/USD $0,7871 -0,60%

NZD/USD $0,7298 -0,66%

USD/CAD C$1,2205 -0,18%

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

01:00 Australia Consumer Inflation Expectation May 3.4%

01:35 Japan Manufacturing PMI (Preliminary) May 49.9

01:45 China HSBC Manufacturing PMI (Preliminary) May 48.9 49.3

02:00 New Zealand Annual Budget Release

04:30 Japan All Industry Activity Index, m/m March 0.1%

07:00 France Services PMI (Preliminary) May 51.4 51.9

07:00 France Manufacturing PMI (Preliminary) May 48.0 48.5

07:30 Germany Services PMI (Preliminary) May 54.0 53.9

07:30 Germany Manufacturing PMI (Preliminary) May 52.1 52.3

08:00 Eurozone Current account, unadjusted, bln March 13.8

08:00 Eurozone Manufacturing PMI (Preliminary) May 52.0 52.0

08:00 Eurozone Services PMI (Preliminary) May 54.1 53.9

08:30 United Kingdom Retail Sales (MoM) April -0.5% 0.4%

08:30 United Kingdom Retail Sales (YoY) April 4.2% 3.8%

10:00 United Kingdom CBI industrial order books balance May 1 3

11:30 Eurozone ECB Monetary Policy Meeting Accounts

12:30 U.S. Continuing Jobless Claims 2229 2228

12:30 U.S. Initial Jobless Claims May 264 270

13:45 U.S. Manufacturing PMI (Preliminary) May 54.1 54.5

14:00 Eurozone Consumer Confidence (Preliminary) May -4.6

14:00 U.S. Leading Indicators April 0.2% 0.3%

14:00 U.S. Existing Home Sales April 5.19 5.24

14:00 U.S. Philadelphia Fed Manufacturing Survey May 7.5 8.0

17:30 Eurozone ECB President Mario Draghi Speaks

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

23:00 U.S. FOMC Member Williams Speaks