Major U.S. stock indexes flat on the last trading day of what could be the best month for stocks in four years as investors assessed consumer spending data and results from energy majors. The S&P consumer staples sector slipped after data showed U.S. consumer spending barely rose in September and the University of Michigan's index on consumer sentiment came in below expectations. The three major indexes have rallied about 9% in October, mostly driven by the Fed's decision to keep rates unchanged at its September meeting and largely positive third-quarter results.

Dow stocks mixed (15 in positive area, 15 in negative). Top looser -Pfizer Inc. (PFE, -2.27%). Top gainer - Chevron Corporation (CVX, +1.99%).

Most of S&P index sectors in positive area. Top gainer- Basic materials (+0,9%). Top looser - Financial (-0.6%).

At the moment:

Dow 17707.00 +23.00 +0.13%

S&P 500 2086.00 +3.00 +0.14%

Nasdaq 100 4669.25 +7.50 +0.16%

Oil 46.66 +0.60 +1.30%

Gold 1141.70 -5.60 -0.49%

U.S. 10yr 2.15 -0.02

Federal Reserve Bank of Kansas City President Esther George said on Friday that the U.S. economy expands in line with trend in 2015. She noted that the U.S. labour market recovered "fairly rapidly".

"We have been fortunate to see a labour market that has healed fairly rapidly. You should continue to see confidence on the part of consumers in terms of having confidence in jobs," George said.

Stock indices closed mixed on the disappointing corporate earnings.

Meanwhile, the economic data from the Europe was positive. Eurostat released its consumer price inflation data for the Eurozone on Friday. The preliminary consumer price inflation in the Eurozone rose to an annual rate of 0.0% in October from -0.1% in September, in line with expectations.

The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco to an annual rate of 1.0% in October from 0.9% in September. Analysts expected the inflation to remain unchanged.

Food, alcohol and tobacco prices were up 1.5% in October, non-energy industrial goods prices gained 0.4%, and services prices climbed 1.3%, while energy prices dropped 8.7%.

Eurozone's unemployment rate declined to 10.8% in September from 10.9% in August. It was the lowest reading since January 2012.

August's figure was revised down from 11.0%.

Analysts had expected the unemployment rate to rise to 11.0%.

There were 17.323 million unemployed in the Eurozone in September, down from 17.454 million in August.

The lowest unemployment rate in the Eurozone in September was recorded in Germany (4.5%) and Malta (5.1%), and the highest in Greece (25.0% in July 2015) and Spain (21.6%).

The youth unemployment rate was 22.1% in the Eurozone in September, compared to 23.4% in September a year ago.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,361.09 -34.71 -0.54 %

DAX 10,850.14 +49.30 +0.46 %

CAC 40 4,897.66 +11.84 +0.24 %

Bank of Japan (BoJ) Governor Haruhiko Kuroda said at a press conference on Friday that inflation starts move toward the central bank's 2% target when the effect of low oil prices will dissipate.

He pointed that the BoJ will adjust its quantitative easing if needed.

"We will make necessary adjustments to our program to achieve the 2% inflation target as soon as possible," Kuroda said.

Polish equity market closed flat on Friday. The broad market measure, the WIG Index, edged up 0.02%. Sector-wise, media sector (+1.93%) fared the best, while materials (-2.36%) lagged behind.

The large-cap stocks' measure, the WIG30 Index, inched up 0.05%. In the index basket, PGE (WSE: PGE) was the biggest gainer, adding 3.67%. It was followed by EUROCASH (WSE: EUR) and GRUPA AZOTY (WSE: ATT), advancing 3.41% and 3.06% respectively. On the other side of the ledger, BOGDANKA (WSE: LWB) kept its position as the worst performing name, tumbling by 13.61% on concerns about the company's future as part of ENEA (WSE: ENA; +0.47%). Other major laggards were LPP (WSE: LPP) and CCC (WSE: CCC), plunging by 2.88% and 2.20% respectively.

San Francisco Federal Reserve President John Williams said in an interview with The Associated Press on Friday that the Fed has not made a decision on its interest rates. He added that the Fed said the interest rate hike in December is possible to avoid surprising investors if it decides to raise its interest rates.

Williams pointed out that he wants to analyse more economic data in the coming weeks to decide if to vote for an interest rate hike or not.

Richmond Fed President Jeffrey Lacker explained on Friday why he voted for an interest rate hike at the Fed's latest monetary policy meeting. He pointed out that "the steady growth in output and household spending" justify higher interest rates.

"I dissented because I believe that an increase in our interest rate target is needed, given current economic conditions and the medium-term outlook," Lacker said in a statement.

"My assessment was also supported by labor markets that had tightened considerably and my confidence that inflation will return to our 2 percent objective after the temporary effects of low energy and import prices have passed," he added.

The Central Bank of Russia (CBR) kept its interest rate unchanged at 11.0% on Friday. This decision was not expected by analysts. Analysts had expected the interest rate cut.

But the central bank noted that it is ready to lower its interest rate further.

"As inflation slows down in line with the forecast, the Bank of Russia will continue with a downward revision of its key rate, at one of its forthcoming Board of Directors meetings. In making its rate decisions, the Bank of Russia will be guided by changes in the balance between inflation risks and the risks of economy cooling," the CBR said.

The central bank cut its interest rate five times in 2015.

Gfk released its consumer confidence index for the U.K. on Friday. GfK's U.K. consumer confidence index fell to 2 in October from 3 in September. Analysts had expected the index to increase to 4.

3 of 5 measures increased.

"The good news on the domestic front - with households lifted by wage growth, low interest rates and near-zero inflation - is being tempered by concerns about our ability to shrug off the global downturn," Joe Staton, Head of Market Dynamics at GfK, said.

The Spanish statistical office INE released its preliminary gross domestic product (GDP) for Spain on Friday. Spain's economy expanded 0.8% the third quarter, after a 1.0% growth in the second quarter.

It was the ninth consecutive increase.

On a yearly, GDP grew 3.4% in the third quarter, after a 3.1% in the second quarter. It was the fastest growth since the fourth quarter of 2007.

Oil prices rose, but concerns over the global oil oversupply continued to weigh on oil prices.

Market participants continued to eye Wednesday's U.S. crude oil inventories data. U.S. crude inventories increased by 3.38 million barrels to 480.0 million in the week to October 23. It was the fifth consecutive increase.

Analysts had expected U.S. crude oil inventories to rise by 3.5 million barrels.

Gasoline inventories decreased by 1.1 million barrels, according to the EIA.

Crude stocks at the Cushing, Oklahoma, fell by 785,000 barrels.

Market participants are also awaiting the release of the number of active U.S. rigs later in the day. The oil driller Baker Hughes reported last Friday that the number of active U.S. rigs declined by 1 rigs to 594 last week. It was the eighth consecutive decrease.

WTI crude oil for December delivery increased to $46.39 a barrel on the New York Mercantile Exchange.

Brent crude oil for December rose to $49.12 a barrel on ICE Futures Europe.

The Greek statistical office Hellenic Statistical Authority released its retail sales data on Friday. Greek retail sales jumped 11.3% in August.

On a yearly basis, Greek retail sales fell by 2.2% in August, after a 7.3% drop in July.

Sales of food products decreased by 3.4% in August, sales of non-food products climbed by 2.9%, while sales of automotive fuel dropped by 3.4%.

Gold price decline on speculation that the Fed will start raising its interest rate this year. The Fed released its interest rate decision on Wednesday. The Fed kept its interest rate unchanged at 0.00%-0.25%. This decision was widely expected by analysts.

The Fed pointed out that an interest rate hike in December is still on the table.

"In determining whether it will be appropriate to raise the target range at its next meeting, the Committee will assess progress--both realized and expected--toward its objectives of maximum employment and 2 percent inflation," the Fed said in its statement.

The U.S. economic data remained mixed. The U.S. Commerce Department released personal spending and income figures on Friday. Personal spending rose 0.1% in September, missing expectations for a 0.2% gain, after a 0.4% increase in August. It was the smallest increase since January.

Consumer spending makes more than two-thirds of U.S. economic activity. Consumer spending grew 3.2% in the third quarter, after a 3.6% increase in the second quarter.

This data suggests that American consumers were cautious due to a slowdown abroad.

Personal spending was partly driven by higher demand for durable goods and services. Spending on durable goods rose 0.8% in September, while spending on services increased by 0.4%.

December futures for gold on the COMEX today declined to 1139.60 dollars per ounce.

The Hellenic Statistical Authority released its producer price index (PPI) data on Friday. Greek producer prices decreased 0.5% in September.

Domestic market prices fell by 0.5% in September, while foreign market prices slid 0.7%.

On a yearly basis, Greek PPI plunged 10.4% in September, after a 9.9% drop in August.

Domestic market prices slid 8.8% year-on-year in September, while foreign market prices dropped 15.2%.

Energy prices plunged 25.2% year-on-year, while non-durable consumer goods industrial prices were up 0.4% year-on-year.

The Institute for Supply Management released its Chicago purchasing managers' index on Friday. The Chicago purchasing managers' index climbed to 56.2 in October from 48.7 in September, exceeding expectations for an increase to 49.0. It was the highest reading since January.

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

The increase was driven by a rise in production and in new orders. The production index rose to 63.4 in October from 43.6 in September, while the new orders index was up to 59.4 from 49.5.

The employment index fell to 50.6 in October from 52.3 in September.

"The disappointing September data look more like an aberration than the start of a trend, and the October results mark a good start to the final quarter of the year. Respondents were optimistic that orders will continue to pick-up, consistent with an acceleration in economic activity in Q4," Chief Economist of MNI Indicators Philip Uglow said.

The Thomson Reuters/University of Michigan final consumer sentiment index increased to 90.0 in October from 87.2 in September, down from the preliminary estimate of 92.1 and missing expectations a rise to 92.5.

"Gains in employment, a near zero inflation rate, and less pressing material aspirations have provided consumers with a renewed sense of optimism about their future financial situation," the Surveys of Consumers chief economist at the University of Michigan Richard Curtin.

The current economic conditions index rose to 102.3 in October from 101.2 in September, down from a preliminary reading of 106.7.

The index of consumer expectations was up to 82.1 in October from 78.2 in September, down from a preliminary reading of 82.7.

The inflation expectations for the next year declined to 2.7% in October from 2.8% in September.

EUR/USD: $1.0800(E631mn), $1.0900(E591mn), $1.0925(E1.12bn), $1.0950(E782mn), $1.0985(E350mn), $1.1000(E1.19bn)

USD/JPY: Y120.00($531mn), Y120.75($628mn), Y121.00($1.65bn), Y121.50($804mn), Y121.95-122.00($1.59bn)

GBP/USD: $1.5345(Gbp215mn) *USD/CHF: Chf0.9750($460mn), Chf0.9850($200mn)

AUD/USD: $0.6900(A$3.55bn), $0.7100(A$326mn), $0.7123-25(A$828mn), $0.7200(A$1.04bn)

Aud/JPY: Y83.10(A$250mn), Y87.50(A$205mn)

USD/CAD: C$1.3120($330mn), C$1.3250-65($341mn)

The Italian statistical office Istat released its producer price inflation data for Italy on Friday. Italian producer prices decreased 0.2% in September, after a 0.6% decline in August. August's figure was revised up from a 0.7% drop.

Producer price declined by 0.2% on domestic market and by 0.1% on non-domestic market in September.

On a yearly basis, Italian PPI fell 3.0% in September, after a 2.8% drop in August. August's figure was revised up from a 2.9% fall.

Producer price slid 3.8% on domestic market and by 0.7% on non-domestic market in September.

The Italian statistical office Istat released its preliminary consumer price inflation data for Italy on Friday. Preliminary consumer prices in Italy rose 0.2% in October, after a 0.4% fall in September.

The increase was mainly driven by a rise in prices of electricity, of gas and of unprocessed food. Prices of electricity jumped 2.9% in October, prices of gas rose 1.9%, while prices of unprocessed food were up 0.8%.

On a yearly basis, consumer prices climbed 0.3% in October, after a 0.2% increase in September.

The increase was driven by a rise in unprocessed food and higher prices for services related to recreation including repair and personal care. Prices for unprocessed food climbed 4.2% year-on-year in October, while prices for services related to recreation including repair and personal care rose 1.5% year-on-year.

Consumer price inflation excluding unprocessed food and energy prices remained unchanged at 0.8% year-on-year in October.

U.S. stock-index futures advanced amid better-than-estimated earnings from Exxon Mobil (XOM) and Chevron (CVX).

Global Stocks:

Nikkei 19,083.1 +147.39 +0.78%

Hang Seng 22,640.04 -179.90 -0.79

Shanghai Composite 3,382.92 -4.39 -0.13%

FTSE 6,373.99 -21.81 -0.34%

CAC 4,886.05 +0.23 0.00%

DAX 10,799.12 -1.72 -0.02%

Crude oil $46.07 (+0.02%)

Gold $1146.00 (-0.11%)

The Italian statistical office Istat released its unemployment data on Friday. The seasonally adjusted unemployment rate decreased to 11.8% in September from 11.9 in August. It was the lowest level since December 2012.

The number of unemployed people was 3.016 million in September, down by 1.1% from the month before.

The youth unemployment rate fell to 40.5% in September from 40.7% in August.

The employment rate decreased to 56.5% in September from 56.6% in August.

Economic calendar (GMT0):

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

00:00 New Zealand ANZ Business Confidence October -18.9 10.5

00:05 United Kingdom Gfk Consumer Confidence October 3 4 2

00:30 Australia Private Sector Credit, m/m September 0.6% 0.8%

00:30 Australia Producer price index, q / q Quarter III 0.3% 0.9%

00:30 Australia Producer price index, y/y Quarter III 1.1% 1.7%

03:00 Japan BoJ Interest Rate Decision 0% 0%

03:00 Japan Bank of Japan Monetary Base Target 275 275

03:00 Japan BoJ Monetary Policy Statement

04:00 Japan Housing Starts, y/y September 8.8%

04:00 Japan Construction Orders, y/y September -15.6%

06:30 Japan BOJ Press Conference

07:00 Germany Retail sales, real adjusted September -0.7% Revised From -0.4% 0.4% 0.0%

07:00 Germany Retail sales, real unadjusted, y/y September 2.1% Revised From 2.5% 4.2% 3.4%

08:00 Switzerland KOF Leading Indicator October 100.4 100 99.8

10:00 Eurozone Harmonized CPI, Y/Y (Preliminary) October -0.1% 0% 0.0%

10:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Preliminary) October 0.9% 0.9% 1.0%

10:00 Eurozone Unemployment Rate September 10.9% Revised From 11% 11% 10.8%

12:30 Canada GDP (m/m) August 0.3% 0.1% 0.1%

12:30 U.S. Personal Income, m/m September 0.4% Revised From 0.3% 0.2% 0.1%

12:30 U.S. Personal spending September 0.4% 0.2% 0.1%

12:30 U.S. PCE price index ex food, energy, m/m September 0.1% 0.2% 0.1%

12:30 U.S. PCE price index ex food, energy, Y/Y September 1.3% 1.3%

The U.S. dollar traded mixed against the most major currencies after the release of the weaker-than-expected U.S. personal spending data. The U.S. Commerce Department released personal spending and income figures on Friday. Personal spending rose 0.1% in September, missing expectations for a 0.2% gain, after a 0.4% increase in August. It was the smallest increase since January.

Consumer spending makes more than two-thirds of U.S. economic activity. Consumer spending grew 3.2% in the third quarter, after a 3.6% increase in the second quarter.

This data suggests that American consumers were cautious due to a slowdown abroad.

Personal spending was partly driven by higher demand for durable goods and services. Spending on durable goods rose 0.8% in September, while spending on services increased by 0.4%.

The saving rate climbed to 4.8% in September from 4.7% in August.

Personal income increased 0.1% in September, missing expectations for a 0.2% rise, after a 0.4% gain in August. It was the smallest rise since March.

August's figure was revised up from a 0.3% increase.

Wages and salaries were flat in September, after a 0.5% rise in August.

The personal consumption expenditures (PCE) price index excluding food and energy rose 0.1% in September, missing forecasts of a 0.2% increase, after a 0.1% gain in August.

On a yearly basis, the PCE price index excluding food and index remained unchanged at 1.3% in September.

The PCE index is below the Fed's 2% inflation target. The PCE index is the Fed's preferred measure of inflation.

The euro traded higher against the U.S. dollar after the positive economic data from the Eurozone. Eurostat released its consumer price inflation data for the Eurozone on Friday. The preliminary consumer price inflation in the Eurozone rose to an annual rate of 0.0% in October from -0.1% in September, in line with expectations.

The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco to an annual rate of 1.0% in October from 0.9% in September. Analysts expected the inflation to remain unchanged.

Food, alcohol and tobacco prices were up 1.5% in October, non-energy industrial goods prices gained 0.4%, and services prices climbed 1.3%, while energy prices dropped 8.7%.

Eurozone's unemployment rate declined to 10.8% in September from 10.9% in August. It was the lowest reading since January 2012.

August's figure was revised down from 11.0%.

Analysts had expected the unemployment rate to rise to 11.0%.

There were 17.323 million unemployed in the Eurozone in September, down from 17.454 million in August.

The lowest unemployment rate in the Eurozone in September was recorded in Germany (4.5%) and Malta (5.1%), and the highest in Greece (25.0% in July 2015) and Spain (21.6%).

The youth unemployment rate was 22.1% in the Eurozone in September, compared to 23.4% in September a year ago.

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

The Canadian dollar traded higher against the U.S. dollar after the release of the Canadian GDP data. Canada's GDP growth rose 0.1% in August, in line with expectations, after a 0.3% gain in July.

The increase was driven by rises in manufacturing, mining, quarrying, and oil and gas extraction, and retail trade sector.

The mining, quarrying, and oil and gas extraction sector rose 0.4% in August, manufacturing output increased 0.4%, while the retail trade sector climbed 0.6%.

The Swiss franc traded mixed against the U.S. dollar. The Swiss Economic Institute KOF released its leading indicator for Switzerland on Friday. The KOF leading indicator declined to 99.8 in October from 100.3 in September, missing expectations for a fall to 100.0. August's figure was revised down from 100.4.

According to the institute, the outlook for the Swiss economy continued "digesting the exchange rate shock".

EUR/USD: the currency pair increased to $1.1036

GBP/USD: the currency pair was up to $1.5362

USD/JPY: the currency pair fell to Y120.27

The most important news that are expected (GMT0):

13:45 U.S. Chicago Purchasing Managers' Index October 48.7 49

14:00 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) October 87.2 92.5

14:00 U.S. FOMC Member Williams Speaks

The U.S. Commerce Department released personal spending and income figures on Friday. Personal spending rose 0.1% in September, missing expectations for a 0.2% gain, after a 0.4% increase in August. It was the smallest increase since January.

Consumer spending makes more than two-thirds of U.S. economic activity. Consumer spending grew 3.2% in the third quarter, after a 3.6% increase in the second quarter.

This data suggests that American consumers were cautious due to a slowdown abroad.

Personal spending was partly driven by higher demand for durable goods and services. Spending on durable goods rose 0.8% in September, while spending on services increased by 0.4%.

The saving rate climbed to 4.8% in September from 4.7% in August.

Personal income increased 0.1% in September, missing expectations for a 0.2% rise, after a 0.4% gain in August. It was the smallest rise since March.

August's figure was revised up from a 0.3% increase.

Wages and salaries were flat in September, after a 0.5% rise in August.

The personal consumption expenditures (PCE) price index excluding food and energy rose 0.1% in September, missing forecasts of a 0.2% increase, after a 0.1% gain in August.

On a yearly basis, the PCE price index excluding food and index remained unchanged at 1.3% in September.

The PCE index is below the Fed's 2% inflation target. The PCE index is the Fed's preferred measure of inflation.

EUR/USD

Offers 1.1050 1.1075-80 1.1100 1.1140

Bids 1.0950 1.0920 1.0900 1.0885 1.0850 1.0830 1.0800

GBP/USD

Offers 1.5380-85 15400 1.5420-25 1.5445-50

Bids 1.5300-10 1.5250 1.5220 1.5200 1.5175-80 1.5150 1.5130 1.5100 1.5085 1.5065 1.5050

EUR/GBP

Offers 0.7180-85 0.7200 0.7220-25 0.7250 0.7275-80 0.7300 0.7325-30 0.7350

Bids 0.7145-50 0.7130 0.7100 0.7085 0.7050 0.7030 0.7000

EUR/JPY

Offers 133.50-60 133.75-80 134.00 134.20-25 134.50

Bids 132.20 132.00 131.50 131.30 131.00

USD/JPY

Offers 121.50 121.80 122.00

Bids 120.20-25 120.00 119.80-85 119.50 119.25-30 119.00

AUD/USD

Offers 0.7140 0.7180 0.720 0.7220 0.7250 0.7265 0.7280-85 0.7300

Bids 0.7080 0.7065 0.7050 0.7030 0.7000 0.6985 0.6960 0.6930 0.6900

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

Chevron reported Q3 earnings of $1.09 per share (versus $2.95 in Q3 FY 2014), beating analysts' consensus of $0.76.

The company's revenues amounted to $34.315 bln (-37.2% y/y), beating consensus estimate of $27.019 bln.

CVX rose to $90.60 (+0.79%) in pre-market trading.

Exxon Mobil reported Q3 earnings of $1.01 per share (versus $1.89 in Q3 FY 2014), beating analysts' consensus of $0.90.

The company's revenues amounted to $67.344 bln (-37.1% y/y), beating consensus estimate of $63.671 bln.

XOM rose to $82.45 (+0.27%) in pre-market trading.

Statistics Canada released GDP (gross domestic product) growth data on Friday. Canada's GDP growth rose 0.1% in August, in line with expectations, after a 0.3% gain in July.

The increase was driven by rises in manufacturing, mining, quarrying, and oil and gas extraction, and retail trade sector.

The mining, quarrying, and oil and gas extraction sector rose 0.4% in August, manufacturing output increased 0.4%, while the retail trade sector climbed 0.6%.

Starbucks reported Q4 (Sep) earnings of $0.43 per share (versus $0.77 in the corresponding period of 2014), in-line with analysts' consensus of $0.43.

The company's revenues amounted to $4.914 bln (+17.5% y/y), slightly beating consensus estimate of $4.899 bln.

Starbucks issued downside guidance for Q1. It expects Q1 EPS of $0.44-0.45 versus analysts' consensus of $0.47. For FY16, the company projects EPS of $1.87-1.89 versus consensus of $1.88 and revenues of approx. $21.078 bln versus consensus of $21.45 bln.

SBUX fell to $62.00 (-0.80%) in pre-market trading.

Stock indices traded lower on the disappointing corporate earnings.

Meanwhile, the economic data from the Europe was positive. Eurostat released its consumer price inflation data for the Eurozone on Friday. The preliminary consumer price inflation in the Eurozone rose to an annual rate of 0.0% in October from -0.1% in September, in line with expectations.

The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco to an annual rate of 1.0% in October from 0.9% in September. Analysts expected the inflation to remain unchanged.

Food, alcohol and tobacco prices were up 1.5% in October, non-energy industrial goods prices gained 0.4%, and services prices climbed 1.3%, while energy prices dropped 8.7%.

Eurozone's unemployment rate declined to 10.8% in September from 10.9% in August. It was the lowest reading since January 2012.

August's figure was revised down from 11.0%.

Analysts had expected the unemployment rate to rise to 11.0%.

There were 17.323 million unemployed in the Eurozone in September, down from 17.454 million in August.

The lowest unemployment rate in the Eurozone in September was recorded in Germany (4.5%) and Malta (5.1%), and the highest in Greece (25.0% in July 2015) and Spain (21.6%).

The youth unemployment rate was 22.1% in the Eurozone in September, compared to 23.4% in September a year ago.

Current figures:

Name Price Change Change %

FTSE 100 6,374.06 -21.74 -0.34 %

DAX 10,763.96 -36.88 -0.34 %

CAC 40 4,872.89 -12.93 -0.26 %

French statistical office INSEE released its producer price index (PPI) data on Friday. French producer prices increased 0.1% in September, after a 1.0% decline in August.

The increase was driven a rise in prices for mining and quarrying products, energy and water, which were up 1.5% in September.

On a yearly basis, French PPI fell 2.6% in September, after a 2.1% drop in August.

The annual drop was driven by a decline in prices for coke and refined petroleum products, which slid 34.7 year-on-year in September.

Import prices decreased 0.5% in September, after a 1.5% fall in August.

French statistical office INSEE released its consumer spending data on Friday. French consumer spending was flat in September, after a 0.1% gain in August.

Spending on durable goods climbed by 1.4% in September, driven be higher car purchases.

Spending on food declined 0.6% in September, while spending on energy fell 0.1%.

On a yearly basis, consumer spending climbed 2.6% in September.

The Swiss Economic Institute KOF released its leading indicator for Switzerland on Friday. The KOF leading indicator declined to 99.8 in October from 100.3 in September, missing expectations for a fall to 100.0. August's figure was revised down from 100.4.

According to the institute, the outlook for the Swiss economy continued "digesting the exchange rate shock".

"A slight downward pressure on the KOF Economic Barometer results from indicators in the sectors banking, construction and hotels and catering. The downward pressure is cushioned by improved prospects for consumption and a stable development of the manufacturing sector and of the export opportunities. However, the changes in all these indicators bundles in October are very small," the KOF said.

Destatis released its retail sales for Germany on Friday. German adjusted retail sales were flat in September, missing forecasts of a 0.4% gain, after a 0.7% drop in August. August's figure was revised down from a 0.4% decrease.

On a yearly basis, German retail sales jumped 3.4% in September, missing expectations for a 4.2% gain, after a 2.1% rise in August. August's figure was revised down from a 2.5% increase.

Sales of non-food products increased at an annual rate of 3.5% in September, while sales of food products climbed by 2.0%.

Eurostat released its unemployment data for the Eurozone on Friday. Eurozone's unemployment rate declined to 10.8% in September from 10.9% in August. It was the lowest reading since January 2012.

August's figure was revised down from 11.0%.

Analysts had expected the unemployment rate to rise to 11.0%.

There were 17.323 million unemployed in the Eurozone in September, down from 17.454 million in August.

The lowest unemployment rate in the Eurozone in September was recorded in Germany (4.5%) and Malta (5.1%), and the highest in Greece (25.0% in July 2015) and Spain (21.6%).

The youth unemployment rate was 22.1% in the Eurozone in September, compared to 23.4% in September a year ago.

Eurostat released its consumer price inflation data for the Eurozone on Friday. The preliminary consumer price inflation in the Eurozone rose to an annual rate of 0.0% in October from -0.1% in September, in line with expectations.

The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco to an annual rate of 1.0% in October from 0.9% in September. Analysts expected the inflation to remain unchanged.

Food, alcohol and tobacco prices were up 1.5% in October, non-energy industrial goods prices gained 0.4%, and services prices climbed 1.3%, while energy prices dropped 8.7%.

The Bank of Japan (BoJ) downgraded its growth and inflation forecasts. The inflation for the fiscal year 2015 ending on March 31 is expected to be 0.1%, down from the previous estimate of 0.7% (the BoJ said last year that the inflation in Japan will reach 2% in 2015).

The central bank expects the inflation to be 1.4% in 2016, down from the previous estimate of 1.9%, and 1.8% in 2017.

Japan's economy is expected to expand 1.2% in the fiscal year 2015, down from the previous estimate of 1.7%, 1.4% in 2016, down from the previous estimate of 1.5%, and 0.3% in 2017, up from the previous estimate of 0.2%.

The Bank of Japan (BoJ) released its interest rate decision on Friday. The BoJ kept its monetary policy unchanged (interest rate: 0.00-0.10%, monetary base target: 275 trillion yen). The central bank will expand its monetary base at an annual pace of 80 trillion yen. This decision was expected by analysts. But some analysts speculated that the central could add further stimulus measures.

The BoJ board members voted 8-1 to keep monetary policy unchanged. The BoJ board member, Takahide Kiuchi, said again that the central bank should cut its asset purchases to 45 trillion yen annually.

BoJ Governor Haruhiko Kuroda said on October 16 that the consumer price inflation trend was improving, adding that the consumer price inflation excluding fresh food and energy increased more than 1%. He noted that "domestic demand is on track to strengthen".

Japan's Ministry of Internal Affairs and Communications released its inflation data on late Thursday evening. Japan's national consumer price index (CPI) declined to an annual rate of 0.0% in September from 0.2% in August.

Japan's national CPI excluding fresh food remained unchanged at an annual rate of -0.1% in September, beating expectations for a drop to -0.2%.

The decline was driven by fuel prices. Fuel prices dropped 7.1% year-on-year in September.

Household spending in Japan fell 0.4% year-on-year in September, after a 2.9% rise in August.

Statistics Canada released its average weekly earnings data of Canadian non-farm payroll employees on Thursday. Average weekly earnings of Canadian non-farm payroll employees increased 0.8% in August year-on-year.

Weekly earnings were C$947 in August

Employees in Canada worked an average 32.8 hours per week in August, down from 33.0 in the same month a year earlier.

Total non-farm employment declined by 58,600 month-on-month in August.

According to a monthly YouGov/Citi survey, expectations for inflation in the U.K. in the next 12 months fell in October. Inflation expectations declined to 1.4% in October from 1.5% in September.

Expectations for inflation over the next five to 10 years remained unchanged at 2.7%.

European Central Bank (ECB) Executive Board member Sabine Lautenschlaeger said in an interview to German newspaper Handelsblatt on Thursday that a long period of low interest rates could have a negative impact on the business models of certain banks.

"Banks can cope with a short phase of low interest rates. When this lasts for longer, the viability of the business models of certain institutions and how well they cope with a slump in their interest income come into question," she said.

Lautenschlaeger added that those banks may need more capital to offset a drop in their interest income.

EUR/USD: $1.0800(E631mn), $1.0900(E591mn), $1.0925(E1.12bn), $1.0950(E782mn), $1.0985(E350mn), $1.1000(E1.19bn)

USD/JPY: Y120.00($531mn), Y120.75($628mn), Y121.00($1.65bn), Y121.50($804mn), Y121.95-122.00($1.59bn)

GBP/USD: $1.5345(Gbp215mn) *USD/CHF: Chf0.9750($460mn), Chf0.9850($200mn)

AUD/USD: $0.6900(A$3.55bn), $0.7100(A$326mn), $0.7123-25(A$828mn), $0.7200(A$1.04bn)

Aud/JPY: Y83.10(A$250mn), Y87.50(A$205mn)

USD/CAD: C$1.3120($330mn), C$1.3250-65($341mn)

EUR / USD

Resistance levels (open interest**, contracts)

$1.1167 (1628)

$1.1094 (2253)

$1.1041 (1262)

Price at time of writing this review: $1.0982

Support levels (open interest**, contracts):

$1.0916 (4273)

$1.0858 (5501)

$1.0822 (1595)

Comments:

- Overall open interest on the CALL options with the expiration date November, 6 is 50847 contracts, with the maximum number of contracts with strike price $1,1200 (4085);

- Overall open interest on the PUT options with the expiration date November, 6 is 54484 contracts, with the maximum number of contracts with strike price $1,0900 (5501);

- The ratio of PUT/CALL was 1.17 versus 1.07 from the previous trading day according to data from October, 29

GBP/USD

Resistance levels (open interest**, contracts)

$1.5601 (1220)

$1.5501 (2428)

$1.5403 (1645)

Price at time of writing this review: $1.5338

Support levels (open interest**, contracts):

$1.5294 (2637)

$1.5197 (2861)

$1.5099 (1920)

Comments:

- Overall open interest on the CALL options with the expiration date November, 6 is 21449 contracts, with the maximum number of contracts with strike price $1,5350 (2553);

- Overall open interest on the PUT options with the expiration date November, 6 is 21533 contracts, with the maximum number of contracts with strike price $1,5200 (2861);

- The ratio of PUT/CALL was 1.00 versus 1.03 from the previous trading day according to data from October, 29

* - 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.

West Texas Intermediate futures for December delivery fell to $45.77 (-0.63%), while Brent crude retreated to $48.57 (-0.47%) after a report by the U.S. Department of Commerce showed that the economic growth of the world's biggest oil consumer slowed.

Now traders are getting ready for data on China's economic activity (world's second-biggest oil consumer). "Clearly China demand is a key question for energy markets at the moment. With the manufacturing PMI due Monday I wouldn't expect anyone getting too carried away," said Michael McCarthy, leading market strategist at CMC Markets.

Meanwhile total sales of refined products in the third quarter at Sinopec, China's biggest refiner, officially known as China Petroleum & Chemical, dropped 3.4% on an annualized basis. This is a weak result compared to a 5.3% rise in the first half of the year.

Gold is currently at $1,148.50 (0.10%). This morning the precious metal stabilized after a sharp fall on Thursday, which was triggered by expectations that the Federal Reserve could still raise interest rates till the end of the year.

Some analysts say that gold may receive support from physical buying in China ahead of the Lunar New Year celebrations, but still fundamentals remain unfavorable.

U.S. stock indices slightly declined on Thursday as investors continued assessing the latest monetary policy statement by the Federal Reserve and raised their expectations for a rate hike later this year.

The Dow Jones Industrial Average declined 23.72 points, or 0.1%, to 17755.80. The S&P 500 slid 0.94, or less than 0.1%, to 2089.41. The Nasdaq Composite Index fell 21.42, or 0.4%, to 5074.27.

Meanwhile a preliminary report from the U.S. Department of Commerce showed that the country's economic growth slowed down in the third quarter because of slower consumer and business spending growth. The gross domestic product rose by 1.5% in Q3 after the 3.9% growth in the second quarter. Analysts had expected a 1.6% growth. On a y/y basis the economy expanded by 2% (the slowest growth since Q1 2014).

The Department of Labor reported that the number of Americans applying for unemployment benefits for the first time rose last week, but remained at historically low levels. In the week ending October 24 the number of initial jobless claims rose by 1,000 to 260,000. The number of claims has been below a 300,000 psychological threshold for 34 weeks (the longest period in more than 40 years).

This morning in Asia Hong Kong Hang Seng eased 0.06%, or 14.74, to 22,805.20. China Shanghai Composite Index gained 0.35%, or 11.75, to 3.399.06. The Nikkei rose 1.08%, or 204.24, to 19,139.95.

Asian indices traded mixed.

Activity at Tokyo stock exchange was low as investors were waiting for the result of the Bank of Japan meeting. The bank left its policy unchanged in order to wait until economic problems become more evident.

Economic calendar (GMT0):

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

00:00 New Zealand ANZ Business Confidence October -18.9 10.5

00:05 United Kingdom Gfk Consumer Confidence October 3 4 2

00:30 Australia Private Sector Credit, m/m September 0.6% 0.8%

00:30 Australia Producer price index, q / q Quarter III 0.3% 0.9%

00:30 Australia Producer price index, y/y Quarter III 1.1% 1.7%

03:00 Japan BoJ Interest Rate Decision 0% 0%

03:00 Japan Bank of Japan Monetary Base Target 275 275

03:00 Japan BoJ Monetary Policy Statement

The yen was volatile this morning. At the beginning of the session it gained substantially against the U.S. dollar after the Board of Bank of Japan voted 8-1 to continue increasing monetary base at annual pace of 80 trln yen. However later the yen fell as investors awaited BOJ Governor Kuroda's press conference to see clues on the monetary policy's future.

The New Zealand dollar rose amid a positive report on business confidence published by ANZ. The corresponding index rose to 10.5% in October from -18.9 reported previously. Business confidence data allow to analyze the economic situation in the short-term future. A higher reading suggests greater investment, which is favorable for production. Activity outlook came in at 23.7% vs 16.7% in the previous survey.

EUR/USD: the pair fluctuated within $1.0965-95 in Asian trade

USD/JPY: the pair rose to Y121.45

GBP/USD: the pair traded within $1.5310-35

The most important news that are expected (GMT0):

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

06:30 Japan BOJ Press Conference

07:00 Germany Retail sales, real adjusted September -0.4% 0.4%

07:00 Germany Retail sales, real unadjusted, y/y September 2.5% 4.2%

08:00 Switzerland KOF Leading Indicator October 100.4 100

10:00 Eurozone Harmonized CPI, Y/Y (Preliminary) October -0.1% 0%

10:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Preliminary) October 0.9% 0.9%

10:00 Eurozone Unemployment Rate September 11% 11%

12:30 Canada GDP (m/m) August 0.3% 0.1%

12:30 U.S. Personal Income, m/m September 0.3% 0.2%

12:30 U.S. Personal spending September 0.4% 0.2%

12:30 U.S. PCE price index ex food, energy, m/m September 0.0%

12:30 U.S. PCE price index ex food, energy, Y/Y September 0.3%

13:45 U.S. Chicago Purchasing Managers' Index October 48.7 49

14:00 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) October 87.2 92.5

14:00 U.S. FOMC Member Williams Speaks

(raw materials / closing price /% change)

Oil 45.71 -0.76%

Gold 1,147.40 +0.01%

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

Nikkei 225 18,935.71 +32.69 +0.17 %

Hang Seng 22,819.94 -136.63 -0.60 %

Shanghai Composite 3,388.07 +12.87 +0.38 %

FTSE 100 6,395.8 -42.00 -0.65 %

CAC 40 4,885.82 -4.76 -0.10 %

Xetra DAX 10,800.84 -31.12 -0.29 %

S&P 500 2,089.41 -0.94 -0.04 %

NASDAQ Composite 5,074.27 -21.42 -0.42 %

Dow Jones 17,755.8 -23.72 -0.13 %

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

EUR/USD $1,0985 +0,54%

GBP/USD $1,5312 +0,30%

USD/CHF Chf 0,9889 -0,50%

USD/JPY Y121,05 -0,04%

EUR/JPY Y132,98 +0,50%

GBP/JPY Y185,34 +0,25%

AUD/USD $0,7079 -0,28%

NZD/USD $0,6692 -0,15%

USD/CAD C$1,3165 -0,24%

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

00:00 New Zealand ANZ Business Confidence October -18.9

00:05 United Kingdom Gfk Consumer Confidence October 3 4

00:30 Australia Private Sector Credit, m/m September 0.6%

00:30 Australia Producer price index, q / q Quarter III 0.3%

00:30 Australia Producer price index, y/y Quarter III 1.1%

03:00 Japan BoJ Interest Rate Decision 0%

03:00 Japan Bank of Japan Monetary Base Target 275

03:00 Japan BoJ Monetary Policy Statement

04:00 Japan Housing Starts, y/y September 8.8%

04:00 Japan Construction Orders, y/y September -15.6%

06:30 Japan BOJ Press Conference

07:00 Germany Retail sales, real adjusted September -0.4% 0.4%

07:00 Germany Retail sales, real unadjusted, y/y September 2.5% 4.2%

08:00 Switzerland KOF Leading Indicator October 100.4 100

10:00 Eurozone Harmonized CPI, Y/Y (Preliminary) October -0.1% 0%

10:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Preliminary) October 0.9%

10:00 Eurozone Unemployment Rate September 11% 11%

12:30 Canada GDP (m/m) August 0.3% 0.1%

12:30 U.S. Personal Income, m/m September 0.3% 0.2%

12:30 U.S. Personal spending September 0.4% 0.2%

12:30 U.S. PCE price index ex food, energy, m/m September 0.0%

12:30 U.S. PCE price index ex food, energy, Y/Y September 0.3%

13:45 U.S. Chicago Purchasing Managers' Index October 48.7 49

14:00 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) October 87.2 92.5

14:00 U.S. FOMC Member Williams Speaks