Major stock indexes in Wall Street closed in the red, breaking a two-day increase. Pressure drop in the index was the capitalization of Apple (AAPL) due to the lowering of the target value of shares Barclays experts.

In addition, it became known today, the number of Americans who applied for unemployment benefits rose less than expected last week and remained at relatively healthy levels, which could support the Federal Reserve, which plans to raise interest rates this year. Primary applications for state unemployment benefits rose by 3,000, reaching 254,000 for the week ended September 24th. Economists had expected the figure will be 260,000.

In addition, the number of signed contracts to purchase homes in the US secondary market fell in August to its lowest level since January, a warning sign for the economy at the time, as the industry is trying to increase the supply. The National Association of Realtors said its index of sales expectations houses, calculated on the basis of contracts concluded in the last month decreased by 2.4% to 108.5 in July after the jump. Index was 0.2% lower than in August 2015.

However, oil futures rose by about 1%, continuing the rally the previous session, which was caused by the news of an agreement by OPEC to curb oil production. Recall participants OPEC meeting in Algeria declared the achievement of mutual understanding, but work on the production of detail reduction plan, they have postponed until November. Production will be limited to the level of 32.50 mln. Barrels per day compared to the current 33.24 million. Barrels of oil per day.

Almost all the components of DOW index finished trading in negative territory (27 of 30). Outsider were shares of The Goldman Sachs Group, Inc. (GS, -2.78%). Most remaining shares rose Caterpillar Inc. (CAT, + 1.22%).

Most of the S & P sectors showed a decline. the health sector fell the most (-2.0%). Grown only sector conglomerates (+ 0.3%) and basic materials sector (+ 0.3%).

At the close:

Dow -1.06% 18,144.48 -194.76

Nasdaq -0.93% 5,269.15 -49.40

S & P -0.93% 2,151.11 -20.26

Major U.S. stock-indexes lower in choppy trading late Thursday morning after two straight days of gains, pulled lower by Apple (AAPL) and healthcare stocks. The S&P healthcare index dropped as shares of Merck (MRK) and Johnson & Johnson (JNJ) booked losses. Apple fell after Barclays cut its price target. The stock was the biggest drag on Wall Street.

Almost all of Dow stocks in negative area (26 of 30). Top gainer - Caterpillar Inc. (CAT, +1.52%). Top loser - Merck & Co., Inc. (MRK, -2.23%).

Almost all S&P sectors also in negative area. Top gainer - Basic Materials (+0.3%). Top loser - Healthcare (-2.0%).

At the moment:

Dow 18085.00 -153.00 -0.84%

S&P 500 2147.25 -16.00 -0.74%

Nasdaq 100 4837.75 -30.50 -0.63%

Oil 47.78 +0.73 +1.55%

Gold 1326.40 +2.70 +0.20%

U.S. 10yr 1.56 -0.01

Polish equity market closed higher on Thursday. The broad market measure, the WIG Index, gained 0.37%. Sector performance within the WIG Index was mixed. Media (-1.14%) was the weakest group, while construction (+2.95%) outperformed.

Large-cap stocks measure, the WIG30 Index, underperformed the broad market, posting a 0.11% drop. In the index basket, chemical company GRUPA AZOTY (WSE: ATT) was the sharpest decliner, tumbling by 2.07%. It was followed by media group CYFROWY POLSAT (WSE: CPS) and IT-company ASSECO POLAND (WSE: ACP) plunging by 1.69% and 1.59% respectively. On the other side of the ledger, oil refiner LOTOS (WSE: LTS), thermal coal miner BOGDANKA (WSE: LWB), bank ING BSK (WSE: ING) and genco PGE (WSE: PGE) were recorded as the biggest gainers, advancing between 2.34% and 5.07%.

Oil futures rose about 1.5 percent, extending the previous session's rally, which was caused by the news of an agreement by OPEC to curb oil production.

OPEC participants after six-hour talks said on the achievement of mutual understanding, but work on the details of reduction plan had been postponed until November. According to the source, OPCE will set up a committee that will determine how much each country will reduce. Production will be limited to the level of 32.50 mln barrels per day compared to the current 33.24 million barrels of oil per day. Once the new production ceiling is reached, OPEC made a proposal of cooperation to non-OPEC producers.

However, despite the positive outcome of the OPEC meeting, investors are not convinced that the terms of the agreement will be respected. The market is also questioned the adequacy of the current OPEC influence, given the high supply of oil from countries not members of the cartel.

In addition, the dynamics of trade have continued to influenced by yesterday's mixed data from the US Department of Energy, which showed that oil inventories unexpectedly declined, but gasoline inventories rose. Recall, for the week September 17-23, oil reserves fell by 1.9 mln barrels to 502.7 million barrels. The experts predicted an increase of 3.0 million barrels. Gasoline inventories rose by 2 million barrels to 227.2 million barrels.

The cost of the November futures for US light crude oil WTI (Light Sweet Crude Oil) fell to 47.82 dollars per barrel on the New York Mercantile Exchange.

November futures price for North Sea petroleum mix of mark Brent fell to 49.95 dollars a barrel on the London Stock Exchange ICE Futures Europe.

The price of gold fell slightly updating yesterday's low, move caused by the strengthening of the US currency after positive data on US GDP and the labor market.

The dollar index, which measures the dollar against vs a basket of currencies of six countries, rose to a session high of 95.62 after stronger than expected US GDP data and the number of initial applications for unemployment benefits. As is known, the strengthening of the US currency negatively affects the gold, making it more expensive for holders of foreign currencies

The Commerce Department said, the US economic growth was less sluggish than previously thought in the second quarter, as exports rose more than imports, and the companies raised investment, giving encouraging signs for the economic outlook. GDP grew by 1.4 per cent per annum. The result was compared with the rate of 1.1 per cent, which it reported last month, above analysts' expectations.

The Labor Department reported that initial applications for state unemployment benefits rose by 3,000 and reached a seasonally adjusted 254,000 for the week ended September 24th. Economists had expected the figure at 260 000. The four-week moving average of initial claims fell by 2250 to 256 000. Continuing claims fell by 46,000 to 2.062 million in the week ending 17 September.

The cost of the October futures for gold on the COMEX fell to $ 1317.4 per ounce.

After bouncing back in July, pending home sales cooled in August for the third time in four months and to their lowest level since January, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, declined 2.4 percent to 108.5 in August from a downwardly revised 111.2 in July and is now slightly lower (0.2 percent) than August 2015 (108.7). With last month's decline, the index is now at its second lowest reading this year after January (105.4).

Lawrence Yun, NAR chief economist, says suffering supply levels have taken the wind out of the momentum the housing market experienced earlier this year. "Contract activity slackened throughout the country in August except for in the Northeast, where higher inventory totals are giving home shoppers greater options and better success signing a contract," he said. "In most other areas, an increased number of prospective buyers appear to be either wavering at the steeper home prices pushed up by inventory shortages or disheartened by the competition for the miniscule number of affordable listings."

The beginning of the session on Wall Street took place in a similar style like yesterday. Contracts on the S&P500, which even in the previous phase of trade reflected the improvement in sentiment in relation to the agreement of OPEC, before the start of the spot market were around lows and the opening of the US indices was held on the red side of the market. The first transactions were carried out under the dictation of the supply side, however, declines so far are symbolic.

On European stock exchanges, including the Warsaw Stock Exchange, now we have a little peace after a previous process of descent. An hour before the end of the session the WIG20 index reached the level of 1,719 points (-0.85%).

EUR/USD: 1.1100 (800m) 1.1165-70 (844m) 1.1190 (589m) 1.1250 (278m) 1.1350 (346m)

USD/JPY: 100.00 (USD 786m) 102.00 (600m)

GBP/USD: 1.3100 (641m)

AUD/USD: 0.7650 (AUD 342m)

USD/CAD: 1.2990 (USD 380m) 1.3075 (260m) 1.3125 (206m) 1.3144-50 (USD 509m)

U.S. stock-index futures slipped amid data that indicated growth remains slow but steady, while remarks from policy makers signaled they're moving closer to raising interest rates.

Global Stocks:

Nikkei 16,693.71 +228.31 +1.39%

Hang Seng 23,739.47 +119.82 +0.51%

Shanghai 2,998.23 +10.38 +0.35%

FTSE 6,920.54 +71.16 +1.04%

CAC 4,467.46 +35.01 +0.79%

DAX 10,489.46 +51.12 +0.49%

Crude $46.87 (-0.38%)

Gold $1322.10 (-0.12%)

According to Dow Jones, US trade deficit in goods was a seasonally adjusted $58.40B in August, down 0.6% from July. Goods exports rose 0.7% from July and goods imports were up a more modest 0.3%. The figures came in this morning's Advance Economic Indicators Report from the Commerce Department. The full August trade report is due out on October 5 and will include data on services as well, and it employs a somewhat different methodology. Still, the advance report has proven to be a reasonably accurate guide to the full report's broad findings.

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

Upgrades:

Downgrades:

Other:

Apple (AAPL) removed from Top Pick status at Barclays; Overweight, target raised to $115 from $114

In the week ending September 24, the advance figure for seasonally adjusted initial claims was 254,000, an increase of 3,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 252,000 to 251,000. The 4-week moving average was 256,000, a decrease of 2,250 from the previous week's revised average. The previous week's average was revised down by 250 from 258,500 to 258,250.

There were no special factors impacting this week's initial claims. This marks 82 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

Real gross domestic product increased at an annual rate of 1.4 percent in the second quarter of 2016, according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.8 percent.

Real gross domestic income (GDI) decreased 0.2 percent in the second quarter, in contrast to an increase of 0.8 percent in the first. The average of real GDP and real GDI, a supplemental measure of U.S. economic activity that equally weights GDP and GDI, increased 0.6 percent in the second quarter, compared with an increase of 0.8 percent in the first

The increase in real GDP in the second quarter reflected positive contributions from personal consumption expenditures (PCE), exports, and nonresidential fixed investment. These were partly offset by negative contributions from private inventory investment, residential fixed investment, and state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased

The price index for gross domestic purchases increased 2.1 percent in the second quarter, compared with an increase of 0.2 percent in the first (table 4). The PCE price index increased 2.0 percent, compared with an increase of 0.3 percent. Excluding food and energy prices, the PCE price index increased 1.8 percent, compared with an increase of 2.1 percent

The following data was published:

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

7:55 Germany Change in the number of unemployed in September Revised -6 to -7 -5 1

07:55 Germany Unemployment rate seasonally adjusted September 6.1% 6.1% 6.1%

8:30 UK approved applications for mortgage loans, thousand. Revised August 60.92 to 60.91 60.15 60.06

8:30 UK Changing the volume of consumer lending million in August 1191 with the Revised 1181 1400 1574

8:30 Volume UK net lending to individuals, 3.8 billion August 4 4.5

9:00 Eurozone index of sentiment in the economy in September 103.5 103.5 104.9

9:00 Eurozone consumer confidence index (final data) September -8.5 -8.2 -8.2

9:00 Eurozone Sentiment Index in the business community in September to 0.03 Revision 0.02 0.1 0.45

9:00 Eurozone business confidence index in industry in September -4.4 -4.1 -1.7

12:00 Germany Consumer Price Index m / m (preliminary data) September 0.0% 0% 0.1%

12:00 Germany Consumer Price Index y / y (preliminary data) September 0.4% 0.6% 0.7%

The euro fell against the dollar after the release of data from the German labor market. Unemployment in Germany rose unexpectedly in September, the Federal Labor Agency reported on Thursday.

The number of people out of work increased by 1,000 to 2.68 million, confounding expectations for a decline of 5,000.

The unemployment rate remained unchanged at a seasonally adjusted 6.1 percent, the lowest level since German reunification. The figure was in line with expectations.

At the same time, Destatis data showed that the unemployment rate in Germany remained stable in August, while the number of those who remain out of work decreased.

The seasonally adjusted unemployment rate based on ILO standards was 4.2 percent, unchanged from July, showed the results of the Labour Force Survey. Index was 4.5 per cent in the same month last year.

The number of unemployed was 1.82 million, which was nearly 4,000 less than a month ago.

In unadjusted basis, the unemployment rate fell to 4.2 percent from 4.3 percent in July. A year ago, the figure was 4.5 percent.

The number of employees based on ILO standards was adjusted to 41.14 million, which was higher by 2.7 percent compared to the previous year.

The number of employed people in Germany amounted to a seasonally adjusted 43.53 million in August, roughly the same as in July, according to Destatis.

In addition, in the euro area manufacturers have ignored the concerns about the impact of the UK decision to leave the European Union, reporting an increase in export orders, which helped boost confidence in September to its highest level this year.

A more optimistic outlook shared by the euro zone consumers, as well as retailers, service providers and construction companies. And the restoration of sentiment spread outside EU, as British consumers and construction companies also gained trust during the month, although the country's manufacturers have become more pessimistic.

Eurozone politicians feared that the sharp decline in the exchange rate of the British pound against the euro after the vote in June would lead to a weakening of exports in its second largest overseas market, as well as cause damage to the economic sentiment.

EUR / USD: during the European session, the pair fell to $ 1.1209

GBP / USD: during the European session, the pair fell to $ 1.2987 and retreated

USD / JPY: during the European session, the pair rose to Y101.74 and retreated

The inflation rate in Germany as measured by the consumer price index is expected to be +0.7% in September 2016. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices are expected to increase by 0.1% on August 2016. The harmonised consumer price index for Germany calculated for European purposes is expected to be up 0.5% year on year.Compared with August 2016 it is expected to remain unchanged. The final results for September 2016 will be released on 13 October 2016.

EUR/USD

Offers : 1.1235 1.1250 1.1280 1.1300 1.1320 1.1350

Bids : 1.1200 1.1180-85 1.1150 1.11301.1100 1.1080 1.1050

GBP/USD

Offers : 1.3055-60 1.3080-85 1.3100 1.3120 1.3150 1.3180 1.3200

Bids : 1.3000 1.2985 1.2950 1.2935 1.2915 1.2900 1.2880 1.2865 1.2850

EUR/GBP

Offers : 0.8625 0.8650 0.8685 0.8700 0.8720-25 0.8750

Bids : 0.8580 0.8565 0.8550 0.8520-25 0.8500

EUR/JPY

Offers : 114.20 114.50 114.70-75 115.00 115.35 115.50

Bids : 113.50 113.30 113.00 112.80 112.50 112.35 112.00 111.80 111.50

USD/JPY

Offers : 101.80 102.00 102.20 102.50 102.75-80 103.00

Bids : 101.50 101.20 101.00 100.80 100.50 100.25 100.00

AUD/USD

Offers : 0.7700 0.7720 0.7750 0.7765 0.7800

Bids : 0.7650 0.7630 0.7600 0.7585 0.7565 0.7550

According to rttnews, Eurozone economic sentiment rebounded strongly in September to is highest level thus far this year from a five-month low in the previous month, survey data from the European Union showed Thursday.

The economic sentiment index climbed to 104.9 from 103.5 in August. Economists had forecast an unchanged reading.

The latest reading was the strongest since January, when the score was 105.1.

The consumer confidence index rose to -8.2 from -8.5, in line with the initial estimate released on September 22. The improvement was the first in four months.

The industrial confidence index rose sharply to -1.7 from -4.3, marking the strongest reading in at least the past 12 months. Economists had forecast a score of -4.2.

The services confidence measure increased to 10 from 9.9. Sentiment also improved in the construction and retail trade sectors.

The business climate indicator climbed sharply by 0.42 points to 0.45. Economists had predicted a score of 0.05.

European stocks rose due to the prior agreement of OPEC to reduce oil production and encouraged the shares of commodity companies.

OPEC countries at an informal meeting in Algeria have agreed on reduction of oil production from the current 33.24 million barrels per day to 32,5-33 million barrels per day. The final written confirmation agreement to be reached on a formal meeting of the cartel on November 30 in Vienna.

"Overall, we see only the intention of the OPEC countries to agree on reduction of production. The details relating to the production cuts and to what extent, is not, and they are likely to appear only at the end of November. Is still much to be done, and they still have enough time, to upset the agreement ", - Accendo Markets analyst Mike van Dulko and Henry Croft.

The composite index of the largest companies in the region Stoxx Europe 600 rose during trading 0,8% - to 345.17 points.

Oil prices soared on Wednesday 5-6%, but little changed so far today.

Shares of oil companies sharply rise: Royal Dutch Shell securities jumped by 5,6%, Total SA - on 5,2%, BP - by 4.5%.

Metals are also rising, which pushes up the share prices of mining companies. Shares of BHP Billiton in London soared in price by 4,9%, Rio Tinto - on 2,7%, Anglo American - by 4.6%.

The cost of Lufthansa fell by 3%, Air France-KLM - on 2,5%, Ryanair - on 2,6%, IAG - on 1,4%, EasyJet - by 1.8%.

At the moment:

FTSE 6926.99 77.61 1.13%

DAX 10519.30 80.96 0.78%

CAC 4486.63 54.18 1.22%

The first half of trading on the Warsaw market has brought slightly higher than usual turnover. However lack of fuel to growth caused the elements of impatience, which resulted in the transition to a slow subsidence of the WIG20 index.

While in earlier days the wide market was resistant for such processes, today decreases also applies to the second and third lines (the mWIG40 and sWIG80 indices).

Also clearly weakened enthusiasm showed by the demand side on the undisputed leader of activity - JSW. This course is still growing, but from 5.3 percent has got only 0.13 per cent and the rate has downward moving character.

In the middle of trading the WIG20 index reached the level of 1,722 points (-0.71%) with the turnover of PLN 210 million.

"If the BoJ had not announced the new framework last week, pressure from the market and the politics would have forced it to adopt additional easing at its next policy meeting on Oct 31/Nov 1. That would have triggered further JPY strengthening and a fall in stock prices that would most likely have completely destroyed the BoJ's credibility. As it is, because the Bank didn't exert any concrete measure such as additional interest rate cuts last week, it could save them for next year while avoiding such fatal failure.

We suspect, in doing so, the BoJ has passed the policy baton to the MoF (Ministry of Finance). In particular, when the Yen appreciates beyond 100 against the Dollar the possibility of intervention could strengthen. It goes without saying that the Japanese government would like to avoid it as much as possible amid the US-Japan relations in a particularly sensitive period ahead of the US presidential election and with TPP still up in the air. However, the Abe administration is said to be eyeing the fruits of the December visit by Russian president Vladimir Putin and an expected improvement in RussoJapan relations including on the disputed Northern Islands, as a springboard for a general election that Prime Minister Shinzo Abe is said to want to have early next year. A fall to 95 would generate new demand for hedging the past foreign investments by Japanese investors, with the resulting JPY buying spree accelerating another rise in JPY against USD, leading to a new negative downward spiral that could get USDJPY plummet toward 90. The political background described above cannot allow the monetary authority accepting such JPY strengthening without doing anything.

As such, we suspect the MoF would likely be forced to implement interventions when USDJPY breaks 100, even if it deteriorates relations with the US and other countries somewhat".

Copyright © 2016 CitiFX, eFXnews™

German unemployment increased unexpectedly in September, reports said citing the Federal Labor Agency on Thursday.

The number of people out of work increased by 1,000 to 2.68 million, confounding expectations for a decrease of 5,000.

The jobless rate remained unchanged at a seasonally adjusted 6.1 percent, the lowest since the German reunification. The rate came in line with expectations.

According to Dow Jones, the number of mortgages approved in the U.K. for August ticked down from July, in a further signal that the U.K. housing market has cooled since the nation voted to leave the European Union in June, figures released by the Bank of England. The number of new house loans dropped to 60,058 from 60,925 in July, constituting the lowest monthly mortgage approval figure since November 2014. Economic data releases have been somewhat mixed since the U.K.'s Brexit vote, and this trend continues, with consumer lending, consumer credit, and mortgage lending all higher on the month. Consumer credit, for instance, rises to GBP1.6 billion from July's GBP1.2 billion, outperforming the flat expectations of economists polled by the Wall Street Journal

M4 increased by £2.9 billion in August, compared to the average monthly increase of £14.1 billion over the previous six months. The three-month annualised and twelve-month growth rates were 10.9% and 7.3% respectively.

M4 lending excluding intermediate OFCs. M4Lex increased by £5.0 billion in August, compared to the average monthly increase of £12.1 billion over the previous six months. The three-month annualised and twelve-month growth rates were 7.2% and 6.6% respectively.

Households' holdings of M4 increased by £4.0 billion in August, compared to the average monthly increase of £7.9 billion over the previous six months. The three-month annualised and twelve-month growth rates were 6.1% and 6.5% respectively.

M4 lending to households increased by £3.9 billion in August, compared to the average monthly increase of £4.1 billion over the previous six months. The three-month annualised and twelve-month growth rates were 3.6% and 4.0% respectively.

Deposits from financial and non-financial businesses increased by £19.6 billion in August, compared to the average monthly increase of £12.5 billion over the previous six months. The increase was mainly in deposits from businesses in the financial services industry (£17.3 billion). The twelve-month growth rate was 5.1%. Loans to financial and non-financial businesses decreased by £0.3 billion in August, compared to the average monthly increase of £7.9 billion over the previous six months. The twelve-month growth rate was 2.0%.

Consumer credit increased by £1.6 billion in August, broadly in line with the average over the previous six months. The threemonth annualised and twelve-month growth rates were 10.4% and 10.3% respectively.

This morning, the New York futures for Brent have fallen 0.30% to $ 46.90 and crude oil futures WTI have fallen in price by 0.69% to $ 48.88 per barrel. Thus the black gold fell slightly, correcting after yesterday's sharp rise against the background of the unexpected decision of OPEC to limit production. As Reuters reports, the participants of the OPEC meeting in Algeria have agreed to limit the production of oil at the level of 32.50 million barrels a day, starting in November this year. Now the cartel produces 33.24 million barrels of oil per day. A specific production levels for each of the countries belonging to the organization will be agreed at the OPEC meeting in November.

"We maintain our EURUSD 1.15 three month target. The target was based on the following rationale:

1- We do not expect the Fed to hike this year (Credit Suisse has the first hike penciled in for May 2017) despite the market still pricing in a 50% probability of this.

2- We think any US political risk elevation going into the November 8 Presidential Election would boost liquid, defensive currencies like EUR.

3- We see the ECB as likely to deliver only marginal new easing measures in December.

What would make us revise our view?

Firstly, it is still possible that the political environment in Germany is slow enough to respond to further banking stress that a still fragile European banking system reacts badly, leading to a loss of confidence and a funding squeeze. We have attributed a low probability to this as the Italian banking prob

Secondly, the Italian Constitutional referendum date has been set for December 4. If this leads to i) defeat for PM Renzi and ii) his subsequent resignation, the resulting political upheaval could be problematic for EURlems over the summer were in some ways even more problematic yet did not cause overall deposit flight But we flag the risk nonetheless".

Copyright © 2016 Credit Suisse, eFXnews™

The estimated CPI in September 2016 annual inflation is 0.3%, according to the leading indicator compiled by the INE. This indicator provides a preview of IPC that, if confirmed, would imply a increase of four tenths in the annual rate, since in August this change was -0.1%. This increase is mainly explained by rising fuel prices (Oil and gas) and electricity, compared to the drop experienced in 2015. Meanwhile, the annual change in the HICP flash is in September 0.1%. If this information is confirmed, the annual rate of HICP increase four tenths from the previous month.

WIG20 index opened at 1730.66 points (-0.23%)*

WIG 47554.40 0.50%

WIG30 2002.00 -0.13%

mWIG40 4071.44 0.39%

*/ - change to previous close

The futures market started from increase of 0.58% (1,732 points). The contract on the DAX gained at that time on a smaller scale, because he had a chance yesterday to react to the OPEC decision.

The cash market opens with modest discount of 0.23% to 1,730 points. It seems that the dividend of shares in PKO BP has not been cut off, and the shares of PZU this morning increase in value of more than 1% and this fact offset part of the negative impact of the dividend. However, the main index remains at levels well known from yesterday and even after taking into account dividends from PZU stands out from the DAX, which grows approx. 1%.

EUR/USD: 1.1100 (800m) 1.1165-70 (844m) 1.1190 (589m) 1.1250 (278m) 1.1350 (346m)

USD/JPY: 100.00 (USD 786m) 102.00 (600m)

GBP/USD: 1.3100 (641m)

AUD/USD: 0.7650 (AUD 342m)

USD/CAD: 1.2990 (USD 380m) 1.3075 (260m) 1.3125 (206m) 1.3144-50 (USD 509m)

Retail sales fell by 1.1% after rising 1.5% in July. In annual terms, this indicator decreased 2.1% compared to the same period of the previous year and the sixth consecutive month of decline.

Retail sales - a figure published by the Ministry of Economy, Trade and Industry evaluates the total sales through specialized outlets involved in the sale of goods and related services to the population, households as well as for personal use. Consumer spending - an important indicator of the state of the Japanese economy. The decline is negative for the Japanese currency and led to the fall of the yen.

The report of the Ministry of Economy, Trade and Industry of Japan said that sales of almost all goods except automobiles and cosmetics, decreased compared to the same period of the previous year.

EUR/USD

Resistance levels (open interest**, contracts)

$1.1330 (3058)

$1.1302 (1995)

$1.1270 (1073)

Price at time of writing this review: $1.1218

Support levels (open interest**, contracts):

$1.1172 (3895)

$1.1134 (3286)

$1.1091 (7034)

Comments:

- Overall open interest on the CALL options with the expiration date October, 7 is 38425 contracts, with the maximum number of contracts with strike price $1,1500 (5774);

- Overall open interest on the PUT options with the expiration date October, 7 is 39165 contracts, with the maximum number of contracts with strike price $1,1100 (7034);

- The ratio of PUT/CALL was 1.02 versus 1.01 from the previous trading day according to data from September, 28

GBP/USD

Resistance levels (open interest**, contracts)

$1.3301 (2603)

$1.3203 (1435)

$1.3106 (1262)

Price at time of writing this review: $1.3016

Support levels (open interest**, contracts):

$1.2897 (1056)

$1.2799 (1746)

$1.2699 (1424)

Comments:

- Overall open interest on the CALL options with the expiration date October, 7 is 27086 contracts, with the maximum number of contracts with strike price $1,3500 (3374);

- Overall open interest on the PUT options with the expiration date October, 7 is 22587 contracts, with the maximum number of contracts with strike price $1,3000 (3542);

- The ratio of PUT/CALL was 0.83 versus 0.84 from the previous trading day according to data from September, 28

* - 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.

The main event that has affected the behavior of the market after yesterday's close of trading on the Warsaw Stock Exchange was the message that the OPEC countries reached an agreement to reduce oil production in November. As a result, oil began to be more expensive in the US market. The agreement was a big surprise, because the markets were not expecting this turn of events after previous reports.

This information was supported for oil companies in the US and later in Asia. As a result, the S&P500 index rose yesterday by 0.5%, and this morning in Asia brings the continuation of better moods with the increases exceeding 1.4% for the Japanese Nikkei. Contracts in the US in the morning continue to increase in value.

Improving of global sentiment after the OPEC decision should translate into growth in Europe, which are also expected after yesterday's calm confidence about the banking sector in the Old Continent.

On the Warsaw market may be important information on changes in the government, where the post was lost by the Finance Minister, and its powers took Mateusz Morawiecki (Deputy Prime Minister). Information slightly positive.

The more important the information is attributable today, the first day of trading without dividend for PKO BP and PZU. The negative impact on the WIG20 is respectively 0.54% and 0.75%, which in total can reduce the main index up about 1.29%.

The Australian dollar rose sharply in the early Asian session on news that OPEC members agreed to limit oil production the first time in 8 years. Yesterday, the country's oil exporters said that they came to a consensus on the need to reduce the level of production. Negotiations in Algeria lasted six hours and the measures will be implemented in November. OPEC decided to create a committee that will determine how much each country is ready to cut. OPEC intends to reduce total production to 32,5-33 million barrels a day. In August, production amounted to 33.2 million barrels. Also it contributes to the growth of the Australian dollar and global stock markets.

The US dollar rose against the yen, after negative data on retail sales in Japan. As reported today by the Ministry of Economy, Trade and Industry, retail sales in August fell by 1.1% after rising 1.5% in July. In annual terms, this indicator decreased by -2.1% compared to the same period of the previous year and a decrease was recorded the sixth consecutive month.

Euro slightly increased since investors continue to analyze statements by ECB President Draghi and Federal Reserve Chairman Yellen. ECB President Draghi said that the loose monetary policy of the Central Bank to prevent a new "Great Depression" in Europe. Draghi also called on the government to assist the central bank in the implementation of economic reforms. "I want to show how our monetary policy maintain price stability and counter the threat of a new" Great Depression ". According to Draghi, the ECB's measures have been effective and have helped to support the economic recovery, promoting job creation.

EUR / USD: during the Asian session, the pair rose to $ 1.1235

USD / JPY: rose to Y101.55

According to rttnews, European stocks look set to start Thursday's session on a buoyant note, as a surprise OPEC deal to limit oil production helped rekindle investors' appetite for risk.

At an informal meeting in Algiers on Wednesday, the Organization of the Petroleum Exporting Countries (OPEC) agreed a preliminary deal to cut production for the first time since 2008, though the output level for each member nation must still be finalized at an OPEC meeting in Vienna in November.

Oil prices fell slightly in Asian deals after settling up nearly 6 percent overnight in reaction to the OPEC deal and the release of EIA report showing an unexpected drawdown in U.S. crude oil stocks for the fourth straight week.

Other commodities traded mostly firm and the yen weakened against the dollar, after Fed Chair Janet Yellen said she believes the U.S. economy is continuing its recovery and is ready for a rate hike by the end of the year.

Asian stocks rose across the board, with Japanese shares leading regional gains after steep losses in the previous session.

• OPEC says it will limit output to 32.5 to 33 mln bpd (this compares to the most recent known group production at 33.24 mln bpd)

• So, that's a reduction of about 700K barrels per day 9depending on where in the range the cut comse to)

• Now OPEC will try to reach an agreement with non-OPEC producers

• A committee has been set up to choose how the cut will be allocated between members

• The committee will report in November

European stocks closed fractionally higher Tuesday, rebounding at the last minute after being pressured most of the session by the energy sector after Iran poured cold water on hopes for an output cap at a meeting of major oil producers this week.

U.S. stocks swung higher Wednesday after OPEC took an important step toward a cap on crude-oil output. The Organization of the Petroleum Exporting Countries reached an "understanding" to limit crude production and is considering cutting production to between 32.5 million to 33 million barrels a day, The Wall Street Journal reported.

The overnight rally in oil prices amid reports that oil producers finally agreed to cut production levels sent Asia markets higher on Thursday. In Japan, the Nikkei 225 rallied 1.55 percent, while the Topix index was up 1.08 percent. Across the Korean Strait, the Kospi advanced 0.82 percent. Hong Kong's Hang Seng index was up 0.38 percent. Mainland Chinese markets were also higher, with the Shanghai composite up 0.22 percent and the Shenzhen composite adding 0.15 percent.

(raw materials / closing price /% change)

Oil 47.16 +0.23%

Gold 1,324.90 +0.09%

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

Nikkei 225 16,419.20 -264.73 -1.59%

Shanghai Composite 2,988.13 -10.05 -0.34%

S&P/ASX 200 5,412.35 +6.46 +0.12%

FTSE 100 6,849.38 +41.71 +0.61%

CAC 40 4,432.45 +33.77 +0.77%

Xetra DAX 10,438.34 +76.86 +0.74%

S&P 500 2,171.37 +11.44 +0.53%

Dow Jones Industrial Average 18,339.24 +110.94 +0.61%

S&P/TSX Composite 14,731.43 +173.39 +1.19%

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

EUR/USD $1,1215 -0,03%

GBP/USD $1,3017 -0,02%

USD/CHF Chf0,9711 +0,05%

USD/JPY Y100,72 +0,32%

EUR/JPY Y112,96 +0,30%

GBP/JPY Y131,09 +0,31%

AUD/USD $0,7685 +0,27%

NZD/USD $0,7271 -0,34%

USD/CAD C$1,309 -0,83%

06:35 Japan BOJ Governor Haruhiko Kuroda Speaks

07:55 Germany Unemployment Change September -7 -5

07:55 Germany Unemployment Rate s.a. September 6.1% 6.1%

08:30 United Kingdom Mortgage Approvals August 60.91 60.15

08:30 United Kingdom Consumer credit, mln August 1181 1400

08:30 United Kingdom Net Lending to Individuals, bln August 3.8 4

09:00 Eurozone Economic sentiment index September 103.5 103.5

09:00 Eurozone Consumer Confidence (Finally) September -8.5 -8.2

09:00 Eurozone Business climate indicator September 0.02 0.1

09:00 Eurozone Industrial confidence September -4.4 -4.1

12:00 Germany CPI, m/m (Preliminary) September 0.0% 0%

12:00 Germany CPI, y/y (Preliminary) September 0.4% 0.6%

12:30 U.S. Continuing Jobless Claims 2113 2130

12:30 U.S. PCE price index ex food, energy, q/q (Finally) Quarter II 2.1% 1.8%

12:30 U.S. Initial Jobless Claims 252 260

12:30 U.S. GDP, q/q (Finally) Quarter II 0.8% 1.3%

14:00 U.S. Pending Home Sales (MoM) August 1.3% 0%

14:00 U.S. FOMC Member Jerome Powell Speaks

20:00 U.S. Fed Chairman Janet Yellen Speaks

21:45 New Zealand Building Permits, m/m August -10.5% -4%

23:05 United Kingdom Gfk Consumer Confidence September -7 -5

23:30 Japan Household spending Y/Y August -0.5% -2.5%

23:30 Japan Tokyo Consumer Price Index, y/y September -0.5%

23:30 Japan Tokyo CPI ex Fresh Food, y/y September -0.4% -0.4%

23:30 Japan Unemployment Rate August 3.0% 3%

23:30 Japan National Consumer Price Index, y/y August -0.4% -0.5%

23:30 Japan National CPI Ex-Fresh Food, y/y August -0.5% -0.4%

23:50 Japan Industrial Production (MoM) (Preliminary) August -0.4% 0.5%

23:50 Japan Industrial Production (YoY) (Preliminary) August -4.2%