The euro rose substantially against the dollar, rising briefly above $ 1.1100, which was caused by the publication of weak data on labor costs in the United States. Later, the pair once again dropped below $ 1.1000, the cause of which was the correction of the positions at the end of the month.

Experts said that the latest data intensified fears of a postponement of the first Fed rate hike. Recall, the Labor Department reported that the results of the 2nd quarter of wage growth in the US slowed down as much as possible since the beginning of the study, while experts predicted that improvements in the labor market have a positive impact on the dynamics of wages. The growth in the 2nd quarter by 0.2% was the lowest since 1982. In the 1st quarter figure stood at around 0.7%. Economists had expected an increase of 0.6%. Fed monitors data on wage growth closer to raising interest rates to a level close to zero, at which they are to the end of 2008. Accelerating wage growth will signal that the labor market is finally approached the health of six years after the recession, and could push the Fed to the earlier increase in interest rates to avoid overheating the economy. However, the recent slowdown indicates that the labor market is maintained below capacity, which could cause the Fed to wait before raising interest rates.

The Canadian dollar dropped significantly against the US dollar came under pressure on GDP Statistics Canada. Recall, the Canadian economy shrank for the fifth month in a row in May, under pressure from weak results in industrial output, oil and gas extraction, and wholesale trade. Gross domestic product, a broad measure of the goods and services produced in the economy, fell 0.2% to 1.64 trillion Canadian dollars ($ 1.26 trillion.) In May from the previous month, Statistics Canada reported. The results follow the decrease in GDP in April by 0.1%. Market expectations were that Canada's GDP will remain unchanged in May. GDP data is likely to support the debate whether Canada has entered into a recession - which is usually defined as two consecutive quarters of contraction - during the first half of 2015. The Canadian economy shrank by 0.6% year on year in the first quarter, and the Bank of Canada earlier this month cut its forecast for the second quarter to a contraction of 0.5%.

The yen retreated from session highs against the dollar, approaching to the level of Y124.00, as investors began to shift attention to US employment data, which will be presented next Friday. Also had little impact on the statistics potrebdoveriyu USA and Chicago PMI. Recall, the final results of the studies submitted by Thomson-Reuters and the Institute of Michigan, revealed in July US consumers feel more pessimistic about the economy than last month. According to published data, in July consumer sentiment index fell to 93.1 points compared to the final reading for June at the level of 96.1 points and a preliminary value of 93.3 points in July. According to experts the average index had reached 94 points.

Meanwhile, the Association of Managers in Chicago said the PMI index rose sharply at the beginning of the third quarter, exceeding the level at 50 and reaching the highest level since January 2015. According to the data, the July Purchasing Managers' Index rose to Chicago 5.3 points to 54.7 points. Analysts had expected the index to rise to 50.5 points. While all of the components that make up the index increased in July, three of them (pending orders, shipments and employment) remained in the territory of the reduction.

European stocks ended today's trading with a moderate increase, while writing the fourth consecutive session gains, which was due to the publication of corporate reports. Following July index rose by 3.9 percent, registering the largest monthly increase since February.

According to FactSet, among the companies in the index Stoxx Europe 600, which have already published their financial results for the 2nd quarter, 54% better than expected earnings. For comparison, in the 1st quarter, the figure was 50%.

Meanwhile, according to Reuters, from 53% of reported companies have justified the forecasts of analysts, or exceeded them. According to analysts, the profit of European companies rose by 5.7% compared with the 2nd quarter of 2014.

A little influenced by data on inflation and unemployment in the euro area. Inflation in the euro area remained stable at 0.2 percent in July. Inflation has remained in positive territory for the third consecutive month in July and figure corresponds to economists' expectations. Meanwhile, core inflation, which excludes energy, food, alcohol and tobacco, accelerated to 1 percent from 0.8 percent. It is expected to remain at 0.8 percent.

Another report showed that the unemployment rate in the euro area remained unchanged in June, the lowest level since the beginning of 2012. The unemployment rate remained at 11.1 percent in June, unchanged from May. It was the lowest rate in the euro area in March 2012. The result coincided with the forecast of economists. The number of unemployed increased by 31,000 in May. Compared to June 2014 the number of unemployed fell by 811,000.

The focus was also on US statistics. Today it became known that at the end of the 2nd quarter of wage growth in the US slowed down as much as possible since the beginning of the study, while experts predicted that improvements in the labor market have a positive impact on the dynamics of wages. The growth in the 2nd quarter by 0.2% was the lowest since 1982. In the 1st quarter figure stood at around 0.7%. Economists had expected an increase of 0.6%. Fed monitors data on wage growth closer to raising interest rates to a level close to zero, at which they are to the end of 2008. Accelerating wage growth will signal that the labor market is finally approached the health of six years after the recession, and could push the Fed to the earlier increase in interest rates to avoid overheating the economy. However, the recent slowdown indicates that the labor market is maintained below capacity, which could cause the Fed to wait before raising interest rates.

FTSE 100 6,696.28 +27.41 + 0.41% CAC 40 5,082.61 +36.19 + 0.72% DAX 11,308.99 +51.84 + 0.46%

Sensor energy stocks recorded the largest decline among the 19 industry groups, losing 0.9%. Meanwhile, the sensor shares of mining companies fell by 0.5%. The cost of Vallourec SA fell 6.7% after the steel company expressed concern about the prospects for the remainder of the year. Shares of ArcelorMittal rose 1.4%. The net profit of the largest steel company in the world has more than tripled - to $ 179 million from $ 52 million a year earlier.

Shares of Banco Popular SA fell 2% after reports that net interest income has decreased compared to last year.

Shares of BNP Paribas SA rose by 3%, as the largest bank in France recorded the highest quarterly profit in more than three years.

Capitalization of Antofagasta Plc fell 2.2% after agreeing the purchase of 50 percent stake in Barrick Gold Corp.

At the same time, the share price of British hotel chain InterContinental Hotels Group (IHG) fell 1.4% after it denied the information to the media about the negotiations concerning the merger with the American Starwood Hotels & Resorts.

The cost of ITV Plc rose 3.2%, as Liberty Global Plc increased its stake in the British broadcaster to 9.9%

Polish equity market closed sharply higher on Friday. The broad market measure, the WIG Index, surged by 1.42%. Except for developers (-0.16%) and construction sector (-0.01%), every sector in the WIG Index gained.

The large-cap stocks' measure, the WIG30 Index, advanced 1.72%. Almost all index components generated positive returns. SYNTHOS (WSE: SNS) and GRUPA AZOTY (WSE: ATT) led the gainers, adding more than 5% each. It was followed by ENEA (WSE: ENA), ENERGA (WSE: ENG), EUROCASH (WSE: EUR) and TAURON PE (WSE: TPE), gaining 4.12%-4.76%. On the other side of the ledger, BOGDANKA (WSE: LWB), JSW (WSE: JSW) and GTC (WSE: GTC) were the only decliners, falling by 1.13%, 0.59% and 0.34% respectively.

Major Wall Street stock-indexes higher on Friday after an historically weak reading of U.S wage growth lent weight to the view that the U.S. Federal Reserve could delay a rate increase. U.S. stocks had been slightly choppy just after the opening bell as investors took cues from weak earnings from oil producers Exxon Mobil and Chevron and depressed commodity prices.

Most of Dow stocks in positive area (21 of 30). Top looser - Chevron Corporation (CVX, -3.43%). Top gainer - Pfizer Inc. (PFE, +1.95).

S&P index sectors are mixed. Top looser - Conglomerates (-0.5%). Top gainer - Utilities (+1.6%).

At the moment:

Dow 17685.00 -1.00 -0.01%

S&P 500 2106.75 +3.00 +0.14%

Nasdaq 100 4600.25 +5.00 +0.11%

10 Year yield 2,20% -0,06

Oil 47.62 -0.90 -1.85%

Gold 1094.70 +6.00 +0.55%

EUR/USD: $1.0850(E301mn), $1.1000(E2.47bn)

USD/JPY: Y123.50($678mn), Y124.00($486mn), Y125.00($1.6bn)

AUD/USD: $0.7250(A$886mn;Barrier expiry A$1bn), $0.7275-80(A$500mn)

NZD/USD: $0.6650(NZ$389mn)

USD/CAD: C$1.2900($310mn), C$1.2925-30($700mn), C$1.3000(405mn)

U.S. stock-index futures rose slightly as investors weighed company earnings.

Global Stocks:

Nikkei 20,585.24 +62.41 +0.30%

Hang Seng 24,636.28 +138.30 +0.56%

Shanghai Composite 3,664.01 -41.76 -1.13%

FTSE 6,680.32 +11.45 +0.17%

CAC 5,064.28 +17.86 +0.35%

DAX 11,259.58 +2.43 +0.02%

Сентябрьские нефтяные фьючерсы Nymex WTI в данный момент котируются по $47.89 за баррель (-1.32%)

Золото торгуется по $1089.70 за унцию (+0.12%).

Crude oil $47.89 (-1.32%)

Gold $1095.10 (+0.65%)

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

Company reported Q2 profit of $0.30 per share versus $1.15 consensus. Revenues fell 30.3% year/year to $40.36 bln versus $30.27 bln consensus.

CVX fell to $91.25 (-1.91%) on the premarket.

Company reported Q2 profit of $1.00 per share versus $1.11 consensus. Revenues fell 33.4% year/year to $74.11 bln versus $75.22 bln consensus.

XOM fell to $81.40 (-1.94%) on the premarket.

EUR/USD

Offers 1.0975-80 1.1000 1.1020 1.1050 1.1065 1.1080-85 1.1100 1.1120 1.1160 1.1185 1.1200

Bids 1.0925-30 1.0900 1.0880 1.0860 1.0820-25 1.0800 1.0780 1.0750 1.0720

GBP/USD

Offers 1.5600 1.5620 1.5635 1.5650 1.5680 1.5700-10 (stops above) 1.5725-30 1.5750

Bids 1.5575-80 1.5565 1.5550 1.5520-25 1.5500 1.5485 1.5450 1.5425-30 1.5400

EUR/GBP

Offers 0.7030 0.7050 0.7080 0.7100 0.7125 0.7150-55 0.7180-85 0.7200

Bids 0.7000 0.6975-80 0.6950 0.6930 0.6900 0.6885 0.6865 0.6850

EUR/JPY

Offers 136.30 136.50 136.80 137.00 137.30 137.50 137.80 138.00

Bids 135.60 135.30 135.00 134.85 134.50 134.30 134.00

USD/JPY

Offers 124.25-30 124.50 124.75 125.00 125.30 125.50

Bids 124.00 123.75-80 1 123.45-50 123.25-30 123.00

AUD/USD

Offers 0.7300 0.7330 0.7350 0.7385 0.7400 0.7420-25 0.7450

Bids 0.7250 0.7230 0.7200 0.7180 0.7150

European equities reversed earlier gains to trade down by mid-morning on Friday as investors eyed mixed earnings and data from the U.S., ongoing volatility in Chinese equities and slipping commodity prices.

The pan-European STOXX 600 opened in mildly positive territory, up around 0.2 percent, but pared earlier gains to trade 0.3 percent lower.

Britain's FTSE 100 opened in positive territory but was trading down around 0.2 percent, while the German DAX was hovering around the flatline. The French CAC was around 0.2 percent higher.

Earnings continued in full swing on Friday as a number of big companies reported results.

Shares in Airbus jumped to the top of the CAC, up around 3.6 percent, after it reported a rise in first half core operating profit and revenue driven by strong uptake of helicopters and passenger jets.

However, the plane maker also reported a further charge because of development delays in its new A400M, caused by a fatal crash in May.

BNP Paribas, traded around 2.5 percent higher by mid-morning. The lender reported better-than-expected profit on Friday, as the strong dollar gave its earnings a boost.

Shares in French retailer Carrefour saw a 0.3 percent pop after it said its recurring operating profit rose 2.6 percent to 726 million euros in the first half of 2015, beating market expectations.

Outside of France, Lloyds Banking Group shares fell to near the bottom of the FTSE 100, down just over 1.2 percent.

The part-state-owned bank said that underlying profit for the first half of 2015 rose 15 percent year-on-year to £4.4 billion. However, it set aside a further £1.4 billion ($2.2 billion) to compensate customers for its mis-selling of loan insurance.

ArcelorMittal, the world's largest producer of steel, swung to $200 million in net profit for the second quarter after recording a $728 million loss in the previous quarter. The company also warned that steel imports from Russia and China could threaten its business. Shares traded around 0.6 percent higher.

EUR/USD: $1.0850(E301mn), $1.1000(E2.47bn)

USD/JPY: Y123.50($678mn), Y124.00($486mn), Y125.00($1.6bn)

AUD/USD: $0.7250(A$886mn;Barrier expiry A$1bn), $0.7275-80(A$500mn)

NZD/USD: $0.6650(NZ$389mn)

USD/CAD: C$1.2900($310mn), C$1.2925-30($700mn), C$1.3000(405mn)

West Texas Intermediate futures for September delivery declined to $48.20 (-0.66%), while Brent crude slid to $53.11 (-0.38%) after Abdullah El-Badri, Secretary General of the Organization of the Petroleum Exporting Countries, said that the cartel members will maintain current production levels (over 30 million barrels per day). El-Badri also said that rising demand would prevent a further fall in oil prices. On Thursday he met Russia's energy minister in Moscow.

The latest survey by Reuters forecasts Brent price to fluctuate around $60.60 in 2015 and $69% in 2016. WTI average price is likely to be $54.90 this year and $63.80 in 2016.

Gold fell to $1,083.00 (-0.50%). The precious metal approached its lowest level in five and a half years and headed for the sixth weekly decline in a row amid a stronger dollar. The dollar (bullion's opponent) gained after data showed that the U.S. economy expanded by 2.3% in the second quarter vs 2.6% expected. However it's even more important that the first quarter's reading was revised to +0.6% from -0.2%. "That big overhang is enough to keep gold trading at low levels," Argonaut Securities said.

Physical demand remained weak.

Major U.S. stock indices were driven by earnings reports and GDP data.

The U.S. Commerce Department reported on Thursday that the country's GDP posted a modest 2.3% gain in the second quarter of this year compared with expectations for a 2.6% increase. In the first quarter the economy rose by 0.6% (revised from -0.2%). Market participants were waiting for this data to assess strength of the U.S economy and adjust their expectations for a rate hike. Some analysts believe that a significant revision of the Q1 GDP growth suggests that the Fed may raise rates in September.

The Dow Jones Industrial Average slid 5.41 points, or 0.03%, to 17745.98. The S&P 500 added 0.06 point to 2108.63. The Nasdaq Composite Index rose 17.05 points, or 0.3%, to 5128.78.

Facebook Inc. shares fell 1.8% after the company reported a 39% increase in quarterly revenue but noted expenses grew faster than profits.

In Asia this morning Hong Kong Hang Seng rose 0.29%, or 69.95.31 points, to 24,567.93. China Shanghai Composite Index fell 0.93%, or 34.41 points, to 3,671.36. The Nikkei gained 0.13%, or 26.25 points, to 20,549.08.

Japanese stock indices advanced amid inflation data. Japan core consumer price index except fresh food rose by 0.1% vs expectations for a flat reading. Nevertheless the index was well below the 2% inflation target of the Bank of Japan.

Economic calendar (GMT0):

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

01:00 New Zealand ANZ Business Confidence July -2.3 -15.3

01:30 Australia Producer price index, q / q Quarter II 0.5% 0.3%

01:30 Australia Producer price index, y/y Quarter II 0.7% 1.1%

01:30 Australia Private Sector Credit, m/m June 0.5% 0.5% 0.4%

01:30 Australia Private Sector Credit, y/y June 6.2% 5.9%

05:00 Japan Construction Orders, y/y June -7.4% 15.4%

05:00 Japan Housing Starts, y/y June 5.8% 2.9% 16.3%

06:00 Germany Retail sales, real adjusted June 0.4% Revised From 0.5% 0.3% -2.3%

06:00 Germany Retail sales, real unadjusted, y/y June -1.0% Revised From -0.4% 5.1%

The euro advanced slightly in Asian trade, although the International Monetary Fund refused to provide new loans for Greece because of its debts. Probably the IMF will not discuss a third bailout program for Greece before the beginning of 2016. This questions the fund's participation in the EU's aid program. Earlier several German politicians said that Bundestag will not even vote on the €86 billion program without the IMF taking part in it.

The yen rose on favorable inflation data. The Ministry of Internal Affairs and Communications reported that the consumer price index excluding fresh food rose by 0.1% in June vs 0.0% expected.

The New Zealand dollar fell amid weak business confidence data from ANZ. The corresponding index posted -15.3 in July compared to -2.3 reported earlier. The bank noted that dairy prices remained low and that the situation might get worse.

EUR/USD: the pair rose to $1.0950 in Asian trade

USD/JPY: the pair fell to Y123.90

GBP/USD: the pair traded around $1.5590-10

The most important news that are expected (GMT0):

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

09:00 Eurozone Unemployment Rate June 11.1% 11.1%

09:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Preliminary) July 0.8% 0.8%

09:00 Eurozone Harmonized CPI, Y/Y (Preliminary) July 0.2% 0.2%

11:00 Russia Bank of Russia intrest rate desision 11.50% 11.00%

12:30 Canada GDP (m/m) May -0.1% 0.0%

12:30 U.S. Employment Cost Index Quarter II 0.7%

13:45 U.S. Chicago Purchasing Managers' Index July 49.4 50.5

14:00 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) July 96.1 94

EUR / USD

Resistance levels (open interest**, contracts)07

$1.1120 (2542)

$1.1046 (2572)

$1.0991 (819)

Price at time of writing this review: $1.0931

Support levels (open interest**, contracts):

$1.0878 (4305)

$1.0833 (6315)

$1.0803 (3765)

Comments:

- Overall open interest on the CALL options with the expiration date August, 7 is 53754 contracts, with the maximum number of contracts with strike price $1,1200 (3640);

- Overall open interest on the PUT options with the expiration date August, 7 is 67224 contracts, with the maximum number of contracts with strike price $1,0800 (6650);

- The ratio of PUT/CALL was 1.25 versus 1.21 from the previous trading day according to data from July, 30

GBP/USD

Resistance levels (open interest**, contracts)

$1.5901 (1262)

$1.5802 (1785)

$1.5704 (1242)

Price at time of writing this review: $1.5603

Support levels (open interest**, contracts):

$1.5496 (1480)

$1.5398 (1333)

$1.5299 (1357)

Comments:

- Overall open interest on the CALL options with the expiration date August, 7 is 22428 contracts, with the maximum number of contracts with strike price $1,5750 (3260);

- Overall open interest on the PUT options with the expiration date August, 7 is 23162 contracts, with the maximum number of contracts with strike price $1,5250 (2283);

- The ratio of PUT/CALL was 1.03 versus 1.03 from the previous trading day according to data from July, 30

* - 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 48.44 -0.16%

Gold 1,087.30 -0.10%

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

Nikkei 225 20,522.83 +219.92 +1.08%

Hang Seng 24,497.98 -121.47 -0.49%

S&P/ASX 200 5,669.52 +45.37 +0.81%

Shanghai Composite 3,705.73 -83.44 -2.20%

FTSE 100 6,668.87 +37.87 +0.57%

CAC 40 5,046.42 +28.98 +0.58%

Xetra DAX 11,257.15 +45.30 +0.40%

S&P 500 2,108.63 +0.06 0.00%

NASDAQ Composite 5,128.79 +17.05 +0.33%

Dow Jones 17,745.98 -5.41 -0.03%

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

EUR/USD $1,0931 -0,42%

GBP/USD $1,5597 -0,01%

USD/CHF Chf0,969 +0,15%

USD/JPY Y124,20 +0,19%

EUR/JPY Y135,77 -0,24%

GBP/JPY Y193,7 +0,17%

AUD/USD $0,7289 0,00%

NZD/USD $0,6608 -0,53%

USD/CAD C$1,2999 +0,36%

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

01:00 New Zealand ANZ Business Confidence July -2.3

01:30 Australia Producer price index, q / q Quarter II 0.5%

01:30 Australia Producer price index, y/y Quarter II 0.7%

01:30 Australia Private Sector Credit, m/m June 0.5% 0.5%

01:30 Australia Private Sector Credit, y/y June 6.2%

05:00 Japan Construction Orders, y/y June -7.4%

05:00 Japan Housing Starts, y/y June 5.8% 3.0%

06:00 Germany Retail sales, real adjusted June 0.5%

06:00 Germany Retail sales, real unadjusted, y/y June -0.4%

09:00 Eurozone Unemployment Rate June 11.1%

09:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Preliminary) July 0.8% 0.9%

09:00 Eurozone Harmonized CPI, Y/Y (Preliminary) July 0.2% 0.2%

12:30 Canada GDP (m/m) May -0.1% 0.0%

12:30 U.S. Employment Cost Index Quarter II 0.7%

13:45 U.S. Chicago Purchasing Managers' Index July 49.4 50.5

14:00 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) July 96.1 94