Stock indices closed mixed as Greece pledged to submit its proposed economic reforms later in the day.

The Bundesbank President Jens Weidmann said in Frankfurt on Friday that debt in the Eurozone has reached the "danger zone" as public debt totalled 91% and corporate debt - 105%.

The Bank of England (BoE) Governor Mark Carney said in Frankfurt on Friday that the central bank's next move will be interest rate hike.

The U.K. house price index increased 0.1% in March, missing expectations for 0.2% gain, after a 0.1% decline in February.

On a yearly basis, the U.K. house price inflation fell to 5.1% in March from 5.7% in February.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,855.02 -40.31 -0.58 %

DAX 11,868.33 +24.65 +0.21 %

CAC 40 5,034.06 +27.71 +0.55 %

Oil prices fell today, dropping below $ 58 (Brent) and $ 50 (WTI), as fears of a disruption of oil supplies from the Middle East because of the conflict in Yemen began to decline, and the focus shifted to the Iranian "nuclear deal" which will take place next week and could increase the supply of oil to the world market.

Since the beginning of the week the price of Brent crude rose more than 4 percent, while WTI oil rose by 9 percent. Most analysts surveyed by expected growth in oil prices next week. 18 out of 35 experts predict a rise in the market, 12 - reduced.

Today, Goldman Sachs analysts said that taking place in Yemen fighting will have little impact on oil supplies. According to them, the country is a small exporter of black gold - mining Yemen is 145 thousand barrels per day. "Yemen - small manufacturer. The rise in prices has raised fears of a possible escalation of hostilities and the transition towards the Strait of Bab el Mandeb," - said analysts.

As for the situation with Iran, experts say ANZ: "a real problem for the oil market is now Iran, negotiations on its nuclear program which reached a decisive stage." "Growing expectations that the transaction between the parties will be concluded by the end of March. Details of a potential agreement is not fully disclosed, but it is clear that the lifting of sanctions could have huge implications for the oil market. Iran currently exports about 1 million barrels. of oil per day, but at different moments of the past year produced more than 3 million. bbl. / day. So, after the sanction will be removed, Iran will not only be able to immediately increase exports, but also to maintain it at a level much higher than the current ", - said the ANZ. However, Goldman Sachs analysts and ANZ note that if Iran and increase exports it is not until the second half of the year.

Little impact on prices also have previously presented data on oil reserves in the United States. Recall, US crude inventories last week increased by 8.2 million barrels and reached 466.7 million barrels, which is a record amount since the beginning of tracking such data in August 1982. Production rose to 9.42 million barrels per day - maximum since January 1983.

May futures for US light crude oil WTI (Light Sweet Crude Oil) dropped to 49.94 dollars per barrel on the New York Mercantile Exchange.

May futures price for North Sea Brent crude oil mix fell $ 0.90 to 57.90 dollars a barrel on the London Stock Exchange ICE Futures Europe.

The U.S. dollar traded mixed against the most major currencies ahead of a speech by the Fed Chair Janet Yellen (19:45 GMT).

The final University of Michigan's consumer sentiment index was 93.0 in March, exceeding expectations for a rise to 92.5, up from the preliminary estimate of 91.2.

The final U.S. GDP rose at an annual rate of 2.2% in the fourth quarter, missing expectations for a 2.4% growth. A previous estimate was 2.2%.

The personal consumption expenditures (PCE) price index declined 0.4% in the fourth quarter.

The personal consumption expenditures (PCE) price index excluding food and energy increased 1.1%.

The euro traded higher against the U.S. dollar in the absence of any major economic reports from the Eurozone. Concerns over Greece's debt problems weighed on the euro.

The British pound traded lower against the U.S. dollar. Comments by the Bank of England (BoE) Governor Mark Carney supported the pound. He said in Frankfurt on Friday that the central bank's next move will be interest rate hike.

The U.K. house price index increased 0.1% in March, missing expectations for 0.2% gain, after a 0.1% decline in February.

On a yearly basis, the U.K. house price inflation fell to 5.1% in March from 5.7% in February.

The New Zealand dollar traded lower against the U.S. dollar. In the overnight trading session, the kiwi traded lower against the greenback in the absence of any major economic reports from New Zealand.

The Australian dollar declined against the U.S. dollar. In the overnight trading session, the Aussie traded lower against the greenback in the absence of any major economic reports from Australia.

The Japanese yen traded lower against the U.S. dollar. In the overnight trading session, the yen traded mixed against the greenback after the mixed economic data from Japan. Japan's national consumer price index (CPI) remained fell to an annual rate of 2.2% in February from 2.4% in January.

Japan's national CPI excluding fresh food declined to an annual rate of 2.0% in February from 2.2% in January, missing expectations for a decrease to 2.1%.

Retail sales in Japan dropped 1.8% in February, missing forecasts of a 1.4% decrease, after a 2.0% fall in January.

Japan's unemployment rate decreased to 3.5% in February from 3.6% in January, in line with expectations.

Tokyo's CPI remained unchanged at an annual rate of 2.3% in March.

Tokyo's CPI excluding fresh food remained unchanged at an annual rate of 2.2% in March, in line with expectations.

Household spending in Japan dropped at annual rate of 2.9% in February, beating forecasts of a 3.1% decrease, after a 5.1% fall in January.

Gold prices declined moderately, interrupted in this case a series of seven-day increase, due to the weakening of the US dollar and expectations of the speech by Fed Yellen. Experts note that the precious metal may continue to fall, if the head of the Central Bank show hawkish attitude, thus stimulating the US dollar. It should be emphasized, despite today's decline since the beginning of the week gold has risen in price by about 1.3 percent.

Influenced the course of trading on US GDP data. As it became known, the US economy has slowed in recent months 2014 and corporate profits fell, noting weaker base preceding the apparent slowdown in the beginning of this year. Gross domestic product, the broadest measure of goods and services produced in the economy expanded at a seasonally adjusted annual rate of up to 2.2% in the fourth quarter, the Commerce Department said. The result was unchanged from the previous estimate last month. Economists had expected an upward revision to growth of 2.4%. The volume of production in the fourth quarter increased by 2.4% compared with a year earlier, slowing from an annual growth of 2.7% in the third quarter.

The report also said that corporate profits after tax, unadjusted inventory valuation and capital consumption fell by 3% compared to the third quarter. It was the largest quarterly drop in profits in the first quarter 2011. Profit in the fourth quarter increased by 2.9% compared with a year earlier, slowing from the 5.1% annual growth in the third quarter. The overall picture in the last quarter was mixed - consumer spending grew at the fastest pace since 2006, but business investment has slowed and reduced government spending.

Support prices still has a geopolitical tensions. Recall, the international coalition with Saudi Arabia and the Gulf states beginning in Yemen on Thursday night a military operation against insurgents Huthis controlling most of the country. The operation began immediately after the statement of the Cooperation Council for the Gulf States, which noted that Saudi Arabia, Kuwait, Bahrain, the United Arab Emirates and Qatar intend to respond to the request of President Hadi and protect the legitimate authority in Yemen.

"Gold becomes cheaper due to profit-taking and a slight weakening of the dollar. I do not think that traders want to open large positions if the situation in Yemen will not deteriorate," - said the expert Lee Cheong Gold Dealers Ronald Leung.

Meanwhile, an analyst Norbert Ruecker Dzhulias Baer said: "Geopolitics has never been something that can create a trend in gold prices, it is only a short-term deviation from the current trend."

Also today it was announced that the world's largest reserves of the gold-ETF-fund SPDR Gold Trust on Thursday declined by almost 6 tons to 737.24 tons, the lowest level since January.

May futures for gold on the COMEX today fell by $ 6.7 - up to 1196.60 dollars per ounce.

The Bundesbank President Jens Weidmann said in Frankfurt on Friday that debt in the Eurozone has reached the "danger zone" as public debt totalled 91% and corporate debt - 105%.

Weidmann noted that a European solution may be required for the regulatory treatment of sovereign debt.

"Sovereign debt needs to be backed by capital, and exposure to a single sovereign must be capped, just as is the case for any private debtor", the Bundesbank president said.

The Fed Vice Chairmann Stanley Fischer said in Frankfurt on Friday that the nonbank financial system is less vulnerable to shocks today.

"Regulators need to respond to existing regulatory gaps and to keep pace with further changes," Fischer noted.

The Fed vice chairman also said that regulators have not enough information about the activities of hedge funds.

The Bank of England (BoE) Chief Economist Andy Haldane said on Friday that central banks around the world might coordinate tools for dealing with specific markets.

"There may be greater scope to coordinate macroprudential tools," Haldane said. He added that macroprudential tools should "operate on an asset-class basis, rather than on a national basis".

Haldane surprised market participants last week when he said a drop in inflation meant the central bank could cut its interest rate further.

The Bank of England (BoE) Deputy Governor, Ben Broadbent, said in London on Friday that it is unlikely that the U.K. economy will suffer from a low inflation. "The likelihood of a broad and protracted deflation, afflicting wages as well as prices, is pretty low," Broadbent said.

He noted that inflation declined due to falling oil prices. Negative price growth is temporary and positive for the economy, he added.

Broadbent expects the consumer inflation to increase in early 2016.

The BoE deputy governor also said that wages will grow as unemployment declined.

EUR/USD: $1.0875 (E956mn), $1.1000(E3.1bn)

USD/JPY: Y118.30-35($500mn), Y119.00($1.48bn), Y119.45-50($400mn)

EUR/GBP: Gbp0.7330(E200mn), Gbp0.7350(E140mn)

USD/CHF: Chf0.9700($216mn)

AUD/USD: $0.7700(A$1.5bn), $0.7775(A$275mn), $0.8015(A$450mn)

NZD/USD: $0.7730(NZ$517mn)

USD/CAD: C$1.2465(C$675mn), C$1.2500($278mn), C$1.2525($242mn)

U.S. stock index futures dipped on Friday as the dollar index added to the previous session's rebound ahead of a speech from Federal Reserve Chair Janet Yellen.

Global markets:

Nikkei 19,285.63 -185.49 -0.95%

Hang Seng 24,486.2 -10.88 -0.04%

Shanghai Composite 3,691.95 +9.86 +0.27%

FTSE 6,864.09 -31.24 -0.45%

CAC 5,016.8 +10.45 +0.21%

DAX 11,862.31 +18.63 +0.16%

Crude oil $51.01 (-1.02%)

Gold $1200.50 (-0.35%)

The Bank of England (BoE) Governor Mark Carney said in at a Bundesbank conference Frankfurt on Friday that the central bank's next move will be interest rate hike.

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

Economic calendar (GMT0):

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

07:00 United Kingdom Nationwide house price index March -0.1% +0.2% 0.1%

07:00 United Kingdom Nationwide house price index, y/y March +5.7% 5.1%

08:00 United Kingdom MPC Member Andy Haldane Speaks

08:45 United Kingdom BOE Gov Mark Carney Speaks

09:15 United Kingdom MPC Member Dr Ben Broadbent Speaks

10:30 U.S. FED Vice Chairman Stanley Fischer Speaks

12:30 U.S. PCE price index, q/q Quarter IV +1.2% -0.4%

12:30 U.S. PCE price index ex food, energy, q/q Quarter IV +1.4% 1.1%

12:30 U.S. GDP, q/q (Finally) Quarter IV +2.2% +2.4% 2.2%

The U.S. dollar traded lower against the most major currencies after the weaker-than-expected U.S. economic data. The final U.S. GDP rose at an annual rate of 2.2% in the fourth quarter, missing expectations for a 2.4% growth. A previous estimate was 2.2%.

The personal consumption expenditures (PCE) price index declined 0.4% in the fourth quarter.

The personal consumption expenditures (PCE) price index excluding food and energy increased 1.1%.

The euro traded slightly higher against the U.S. dollar in the absence of any major economic reports from the Eurozone. Concerns over Greece's debt problems weighed on the euro.

The British pound traded higher against the U.S. dollar on comments by the Bank of England (BoE) Governor Mark Carney. He said in Frankfurt on Friday that the central bank's next move will be interest rate hike.

The U.K. house price index increased 0.1% in March, missing expectations for 0.2% gain, after a 0.1% decline in February.

On a yearly basis, the U.K. house price inflation fell to 5.1% in March from 5.7% in February.

EUR/USD: the currency pair rose to $1.0897

GBP/USD: the currency pair increased to $1.4920

USD/JPY: the currency pair fell to Y119.01

The most important news that are expected (GMT0):

14:00 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) March 91.2 92.5

19:45 U.S. Fed Chairman Janet Yellen Speaks

Upgrades:

Downgrades:

Other:

Tesla Motors (TSLA) initiated at Hold at Argus

Yahoo! (YHOO) initiated at Overweight at Morgan Stanley, target $55

Amazon.com (AMZN) target raised to $430 from $405 at Citigroup

Facebook (FB) target raised to $98 from $88 at Barclays

EUR/USD

Offers 1.0900-10

Bids 1.0800 1.0785/80

GBP/USD

Offers 1.4995/500 1.4950

Bids 1.4785/80 1.4760/50 1.4725/20 1.4710/00 1.4685/80

EUR/JPY

Offers 131.00 130.50 130.00

Bids 129.00 128.50 128.20/00 127.50

USD/JPY

Offers 120.50 120.00 119.50

Bids 119.10/00 118.65/60 118.00

EUR/GBP

Offers 0.7390

Bids 0.7210/00

AUD/USD

Offers 0.7900 0.7850

Bids 0.7750 0.7700 0.7650

The Swiss National Bank (SNB) Governing Board Member Fritz Zurbruegg said on Thursday that the central bank is ready to intervene in the foreign exchange market if needed.

The SNB reported in its annual report that it spent CHF25.8 billion ($26.9 billion) on defending the cap in late 2014.

Zurbruegg noted that the Swiss franc remains overvalued. He said that he does not expect a sustained negative inflation or a deflationary spiral.

German Finance Minister Wolfgang Schaeuble said on Thursday that low interest rate in the Eurozone is causing "huge problems" for Germany. He noted that the current monetary policy by the European Central Bank (ECB) could lead to "misallocations of resources".

Schaeble pointed out that he did not want to criticise the ECB because it was a structural problem.

EUR/USD: $1.0875 (E956mn), $1.1000(E3.1bn)

USD/JPY: Y118.30-35($500mn), Y119.00($1.48bn), Y119.45-50($400mn)

EUR/GBP: Gbp0.7330(E200mn), Gbp0.7350(E140mn)

USD/CHF: Chf0.9700($216mn)

AUD/USD: $0.7700(A$1.5bn), $0.7775(A$275mn), $0.8015(A$450mn)

NZD/USD: $0.7730(NZ$517mn)

USD/CAD: C$1.2465(C$675mn), C$1.2500($278mn), C$1.2525($242mn)

U.S. stocks booked losses on Thursday - declining for the fourth day but well above session lows as better-than-expected U.S. economic data on Initial Jobless Claims and service PMI supported the markets. Concerns over the situation in Yemen weighed on markets. Saudi Arabia and other Gulf states launched airstrikes against Iranian-backed Houthi rebel positions in Yemen. The S&P 500 closed -0.61% with a final quote of 2,091.50 points. The DOW JONES index lost -0.58%, closing at 18,011.14 points.

Today a set of important U.S. data including the GDP and the Reuters/Michigan Consumer Sentiment Index will be in the focus. FED Chair Janet Yellen and FED Vice Chairman Stanley Fischer are scheduled to speak today at Federal Reserve Bank of San Francisco Conference.

Chinese stocks were trading mixed again. Hong Kong's Hang Seng is trading lower slightly down -0.12% at 24,467.24 points. China's Shanghai Composite rose to 3,691.95 points closing +0.27%.

The Nikkei shed early gains and closed lower mainly on profit-taking before the end of the 1^st quarter and after the recent rally. Exporter shares declined on a stronger Japanese yen. The index closed -0.95% with a final quote of 19,285.63 points - a one week-low. Yesterday a set of mixed data was reported.

Household spending declined -2.9%, less than the expected reading of -3.1%. The Japanese Unemployment Rate for February declined from a previous reading of 3.6% to 3.2%, below the estimated 3.5%. The Tokyo Consumer Price Index for March remained unchanged at +2.3%. Excluding fresh food the reading was unchanged at +2.2%. The National Consumer Price Index grew less at a pace of +2.2% compared to +2.4% a year earlier. Ex-fresh food the National CPI rose +2.0%, below expectations of an increase of +2.1%. Retail Sales in Japan declined by -1.8% in February, less than the -2.0% a year ago but above estimates on a decrease by -1.4%.

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

07:00 United Kingdom Nationwide house price index March -0.1% +0.2% +0.1%

The U.S. dollar is trading mixed against its major peers adding again gains against the commodity currencies - the Australian and New Zealand's dollar for a fourth consecutive day. Yesterday data showed that U.S. jobless claims fell and the services PMI hit a six-month high. Today a set of important U.S. data including the GDP and the Reuters/Michigan Consumer Sentiment Index will be in the focus. FED Chair Janet Yellen and FED Vice Chairman Stanley Fischer are scheduled to speak today at Federal Reserve Bank of San Francisco Conference.

The Australian dollar declined against the U.S. dollar in the absence of any major data from the region.

New Zealand's dollar booked losses against the greenback during the Asian session in the absence of any major data from the region. It's the fourth day of straight losses.

The Japanese yen rose against the greenback on Friday after a set of mixed economic data was reported yesterday. Household spending declined -2.9%, less than the expected reading of -3.1%. The Japanese Unemployment Rate for February declined from a previous reading of 3.6% to 3.2%, below the estimated 3.5%. The Tokyo Consumer Price Index for March remained unchanged at +2.3%. Excluding fresh food the reading was unchanged at +2.2%. The National Consumer Price Index grew less at a pace of +2.2% compared to +2.4% a year earlier. Ex-fresh food the National CPI rose +2.0%, below expectations of an increase of +2.1%. Retail Sales in Japan declined by -1.8% in February, less than the -2.0% a year ago but above estimates on a decrease by -1.4%.

EUR/USD: the euro traded almost flat against the greenback

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

10:30 U.S. FED Vice Chairman Stanley Fischer Speaks

12:30 U.S. PCE price index, q/q Quarter IV +1.2%

12:30 U.S. PCE price index ex food, energy, q/q Quarter IV +1.4%

12:30 U.S. GDP, q/q (Finally) Quarter IV +2.2% +2.4%

14:00 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) March 91.2 92.5

19:45 U.S. Fed Chairman Janet Yellen Speaks

EUR / USD

Resistance levels (open interest**, contracts)

$1.1134 (4513)

$1.1000 (2125)

$1.0946 (2426)

Price at time of writing this review: $1.0878

Support levels (open interest**, contracts):

$1.0812 (4001)

$1.0754 (6133)

$1.0678 (2955)

Comments:

- Overall open interest on the CALL options with the expiration date April, 2 is 67835 contracts, with the maximum number of contracts with strike price $1,1000 (4513);

- Overall open interest on the PUT options with the expiration date April, 2 is 80983 contracts, with the maximum number of contracts with strike price $1,0600 (7513);

- The ratio of PUT/CALL was 1.19 versus 1.18 from the previous trading day according to data from March, 26

GBP/USD

Resistance levels (open interest**, contracts)

$1.5101 (1643)

$1.5003 (1424)

$1.4906 (1637)

Price at time of writing this review: $1.4840

Support levels (open interest**, contracts):

$1.4793 (1467)

$1.4696 (2017)

$1.4598 (1439)

Comments:

- Overall open interest on the CALL options with the expiration date April, 2 is 27263 contracts, with the maximum number of contracts with strike price $1,5100 (1643);

- Overall open interest on the PUT options with the expiration date April, 2 is 29329 contracts, with the maximum number of contracts with strike price $1,5050 (2332);

- The ratio of PUT/CALL was 1.08 versus 1.07 from the previous trading day according to data from March, 26

* - 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 51.43 +4.51%

Gold 1,203.60 -0.10%

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

Nikkei 225 19,471.12 -275.08 -1.39 %

Hang Seng 24,497.08 -31.15 -0.13 %

Shanghai Composite 3,682.42 +21.69 +0.59 %

FTSE 100 6,895.33 -95.64 -1.37 %

CAC 40 5,006.35 -14.64 -0.29 %

Xetra DAX 11,843.68 -21.64 -0.18 %

S&P 500 2,056.15 -4.90 -0.24 %

NASDAQ Composite 4,863.36 -13.16 -0.27 %

Dow Jones 17,678.23 -40.31 -0.23 %

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

EUR/JPY $1,0874 -0,89%

GBP/USD $1,4850 -0.23%

USD/CHF Chf0,9633 +0,36%

USD/JPY Y119,21 -0,22%

EUR/JPY Y129,61 -1,13%

GBP/JPY Y177,03 -0,46%

AUD/USD $0,7827 -0,23%

NZD/USD $0,7592 -0,20%

USD/CAD C$1,2485 -0,21%

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

10:30 U.S. FED Vice Chairman Stanley Fischer Speaks

12:30 U.S. PCE price index, q/q Quarter IV +1.2%

12:30 U.S. PCE price index ex food, energy, q/q Quarter IV +1.4%

12:30 U.S. GDP, q/q (Finally) Quarter IV +2.2% +2.4%

14:00 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) March 91.2 92.5

19:45 U.S. Fed Chairman Janet Yellen Speaks