Polish equity market surged on Monday. The broad market measure, the WIG Index, rose by 0.97%. Almost all sectors in the WIG Index generated positive returns. The exception were telecommunications (-0.24%), and food sector (-0.21%).

The large-cap stocks' measure, the WIG30 Index, added 1.05%. Within the WIG30 Index components, PKO BP (WSE: PKO) led advancers, jumping by 4.44% after the bank reported first-half earnings that reduced less than expected. This news also helped to lift PKO's banking-sector peers, namely MBANK (WSE: MBK), ING BSK (WSE: ING), BZ WBK (WSE: BZW) and PEKAO (WSE: PEO), which rebounded by 1.09%-3.52%. On the other side of the ledger, ALIOR (WSE: ALR) led the decliners, dropping 0.64%. It was followed by TAURON PE (WSE: TPE) and GTC (WSE: GTC), losing 0.55% and 0.5% respectively.

Major U.S. stock-inexes rose about 1% on Monday, bouncing back sharply from last week's steep lows, buoyed by optimism around China and Greece, and as Warren Buffett's latest billion-dollar deal showed the M&A boom was alive and well. Disappointing data out of China boosted hopes for additional stimulus from Beijing, while Greece and international creditors are close to finalizing a multi-billion euro bailout accord. Buffett's Berkshire Hathaway (BRK.A, BRK.B) said it would buy Precision Castparts (PCP) in a deal valuing the company at $32.3 billion.

Almost all of Dow stocks in positive area (28 of 30). Top looser - The Coca-Cola Company (KO, -0.30%). Top gainer - Caterpillar Inc. (CAT, +3.58).

All S&P index sectors also in positive area. Top gainer - Basic materials (+2,3%).

At the moment:

Dow 17540.00 +219.00 +1.26%

S&P 500 2097.00 +23.50 +1.13%

Nasdaq 100 4565.50 +46.50 +1.03%

10 Year yield 2,23% +0,06

Oil 44.80 +0.93 +2.12%

Gold 1106.00 +11.90 +1.09%

Stock indices closed higher on signs for a new bailout deal for Greece. Reuters reported on Monday that Greece hopes to reach a deal with its creditors "by Monday night or early Tuesday", according a Greek government official.

A third bailout programme needs to be approved by several EU member states.

Meanwhile, Sentix investor confidence index for the Eurozone fell to 18.4 in August from 18.5 in July.

A reading above 0.0 indicates optimism, below indicates pessimism.

"Despite the global headwinds, the euro zone's economy appears to be in relatively good form. The euro zone has swallowed the turmoil surrounding Greece and a further collapse in economic momentum there relatively well," Manfred Huebner from Sentix said.

The Bank of France released its gross domestic product (GDP) forecasts for France on Monday. French economy is expected to expand at 0.3% in the third quarter.

The second quarter's forecast was revised down to a 0.2% rise from a 0.3% gain.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,736.22 +17.73 +0.26 %

DAX 11,604.78 +113.95 +0.99 %

CAC 40 5,195.41 +40.66 +0.79 %

Reuters reported on Monday that Greece hopes to reach a deal with its creditors "by Monday night or early Tuesday", according a Greek government official.

"When the new bailout comes to parliament for a vote it will be one bill with two articles - one article will be the loan agreement and the MoU (memorandum of understanding) and the second article will be the prior actions," a Greek official said.

A third bailout programme needs to be approved by several EU member states.

Japan's Cabinet Office released its consumer confidence index on Monday. The consumer confidence index declined to 40.3 in July from 41.7 in June. It was the lowest level in six months.

The decline was driven by falls in all sub-indexes. The overall livelihood sub-index fell to 38.1 in July from 39.4 in June, the income growth sub-index was down to 39.6 from 40.3, the employment sub-index dropped to 44.7 from 47.3, while the willingness to buy durable goods sub-index decreased to 38.8 from 39.9.

The European Central Bank (ECB) purchased €10.81 billion of government bonds under its quantitative-easing program last week.

ECB'S asset buying programme is intended to run to September 2016.

The ECB bought €2.64 billion of covered bonds, and €889 million of asset-backed securities.

The Fed released its Labour Market Conditions Index (LMCI) on Monday. The index fell to 1.1 points in July from 1.4 points in June. June's figure was revised up from 0.8 points.

The 19 different labour market indicators are used to construct the LMCI indicator. The index should help to get a comprehensive view of the state of the U.S. labour market.

The Organization for Economic Cooperation and Development (OECD) released its leading indicators on Monday. The composite leading indicator remained unchanged at 100.0 in June.

It signalled stable growth in Germany, Japan and India.

The growth momentum firmed in the Eurozone.

The index for the U.S. and the U.K. pointed to an easing in growth momentum.

The index for Brazil and China showed signs of a loss in growth momentum.

U.S. equity-index futures rose as China's government seeks ways to support the market. Currencies of commodity-producing nations slid.

Global Stocks:

Nikkei 20,808.69 +84.13 +0.41%

Hang Seng 24,521.12 -31.35 -0.13%

Shanghai Composite 3,928.82 +184.62 +4.93%

FTSE 6,688.22 -30.27 -0.45%

CAC 5,185.17 +30.42 +0.59%

DAX 11,559.69 +68.86 +0.60%

Crude oil $44.10 (+0.52%)

Gold $1095.50 (+0.13%)

Fed Vice Chairman Stanley Fischer said in an interview Monday on Bloomberg Television on Monday that inflation in the U.S. is very low, but is temporary. Fischer pointed out that inflation was low due to declines in oil prices and in raw materials.

The Fed vice chairman noted that the Fed's quantitative led to the improvement in the U.S. labour market.

Fischer also said that the Fed monitors economic developments abroad.

"Of course, what happens abroad affects us. If the rest of the works is slower, that's not good for the U.S. economy," he said.

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

Upgrades:

Twitter (TWTR) upgraded from Neutral to Buy at Monness Crespi & Hardt, target $35

Downgrades:

Other:

Google A (GOOGL) initiated at Outperform at Robert W. Baird, target $720

The Hellenic Statistical Authority released its preliminary industrial production data for Greece on Monday. Greek industrial production climbed 4.5% in June, after a 1.6% drop in May.

On a yearly basis, industrial production in Greece plunged at an adjusted rate of 4.5% in June, after a 4.3% fall in May. It was the biggest decline since August 2014.

Production in the manufacturing sector fell at an annual rate of 3.6% in June, output in the mining and quarrying sector slid 4.9%, while electricity production plunged by 8.2%.

Stock indices traded mixed as shares of miners declined on the weak Chinese economic data. China's trade surplus fell to $43.03 billion in July from $46.54 billion in June, missing expectations for a rise to a surplus of $53.25 billion. Exports fell at an annual rate of 0.9% in July, while Imports slid at an annual rate of 14.6%, the ninth consecutive decline.

The Chinese consumer price index (CPI) rose at annual rate of 1.6% in July, exceeding expectations for a 1.5% increase, after a 1.4% gain in May.

The Chinese producer price index (PPI) dropped 5.4% in July, missing forecasts of a 5.0% fall, after a 4.8% decline in June. It was the biggest decline since October 2009.

Meanwhile, Sentix investor confidence index for the Eurozone fell to 18.4 in August from 18.5 in July.

A reading above 0.0 indicates optimism, below indicates pessimism.

"Despite the global headwinds, the euro zone's economy appears to be in relatively good form. The euro zone has swallowed the turmoil surrounding Greece and a further collapse in economic momentum there relatively well," Manfred Huebner from Sentix said.

The Bank of France released its gross domestic product (GDP) forecasts for France on Monday. French economy is expected to expand at 0.3% in the third quarter.

The second quarter's forecast was revised down to a 0.2% rise from a 0.3% gain.

Current figures:

Name Price Change Change %

FTSE 100 6,666.2 -52.29 -0.78 %

DAX 11,514.26 +23.43 +0.20 %

CAC 40 5,162.03 +7.28 +0.14 %

The Chinese Customs Office released its trade data on Saturday. China's trade surplus fell to $43.03 billion in July from $46.54 billion in June, missing expectations for a rise to a surplus of $53.25 billion.

Exports fell at an annual rate of 0.9% in July, while Imports slid at an annual rate of 14.6%, the ninth consecutive decline.

China's trade with the European Union declined by 7.6% year-on-year in the first seven months to 1.98 trillion yuan.

Trade with Japan plunged 11.1%, while trade with the US increased 2.7%.

The Bank of France released its gross domestic product (GDP) forecasts for France on Monday. French economy is expected to expand at 0.3% in the third quarter.

The second quarter's forecast was revised down to a 0.2% rise from a 0.3% gain.

The manufacturing business confidence index remained unchanged at 98 in July.

The services business sentiment index remained unchanged at 96. But services companies expect a slight rise in activity in August.

The construction business sentiment index was up to 94 in July from 93 in June. Companies expect a decrease in activity in August.

Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index fell to 18.4 in August from 18.5 in July.

A reading above 0.0 indicates optimism, below indicates pessimism.

"Despite the global headwinds, the euro zone's economy appears to be in relatively good form. The euro zone has swallowed the turmoil surrounding Greece and a further collapse in economic momentum there relatively well," Manfred Huebner from Sentix said.

The current conditions index climbed to 15.3 in August, the highest level since July 2011.

The expectations index dropped to 21.5 in August from 22.3 in July.

German investor confidence index declined slightly.

The People's Bank of China released its second-quarter monetary policy report on Friday. The central bank said that the country's economy is "still relatively reliant on policies intended to stabilize growth and on government-led investment".

According to the report, the monetary policy should be kept "appropriate", and the exchange rate of the yuan should be kept at a reasonable level and should be more flexible.

The Swiss National Bank's foreign exchange reserves increased to 531. 8 billion Swiss francs in July from 516. 0 billion francs in June.

The increase was partly driven by the appreciation of the euro. The SNB intervention could also be a reason.

The central bank has discontinued the 1.20 per euro exchange rate floor on January 15th.

The SNB President Thomas Jordan said on June 29 that the Greek debt crisis was the reason for the discontinuation of the cap.

The Fed released its consumer credits figures on Friday. Consumer credit in the U.S. rose by $20.74 billion in June, exceeding expectations for a $17.0 billion increase, after a $16.52 billion gain May.

May's figure was revised up from a $16.09 billion rise.

The increase was driven by gains in both revolving and non-revolving credit. Revolving credit climbed by $5.5 billion in June, while non-revolving credit jumped by $15.2 billion.

China's foreign exchange reserves declined by $42.5 billion to $3.65 trillion in July. It was the lowest level since August 2013. The reason for the decline in reserves could be an economic slowdown in China and concerns over the crisis in the stock market.

The People's Bank of China release its monthly data for the first time. It was used to release the quarterly data.

China's gold reserves to $59.2 billion in July from $62.4 billion in June.

The Chinese National Bureau of Statistics released its consumer and producer price inflation data for China on Sunday. The Chinese consumer price index (CPI) rose at annual rate of 1.6% in July, exceeding expectations for a 1.5% increase, after a 1.4% gain in May.

The increase was driven by rises in food and non-food prices. Food prices rose at an annual rate of 2.7% in July, while non-food prices increased 1.1%.

On a monthly basis, consumer price inflation increased 0.3% in July, after a flat reading in June.

The Chinese producer price index (PPI) dropped 5.4% in July, missing forecasts of a 5.0% fall, after a 4.8% decline in June. It was the biggest decline since October 2009.

Japan's Ministry of Finance released its current account data for Japan late Sunday evening. Japan's current account surplus dropped to ¥558.6 billion in June from ¥1,880.9 billion in May, missing expectations for a surplus of ¥738 billion.

Japan benefits from a weaker yen.

Japan's trade balance surplus was ¥102.6 billion in June, after a deficit of ¥47.3 billion in the previous month.

Exports rose at an annual rate of 5.6% in June, while imports dropped 4.6%.

U.S. stock indices fell on Friday as a strong employment report suggested that Fed's plans to raise rates this year were intact.

The Dow Jones Industrial Average fell 46.37 points, or 0.3%, to 17373.38. The S&P 500 lost 5.99, or 0.3%, to 2077.57. The Nasdaq Composite declined 12.90, or 0.3%, to 5043.54.

The U.S. Labor Department said in a closely-watched report that U.S. employers added 215,000 jobs in July. The unemployment rate remained at 5.3%. Both results were in line with expectations.

Energy stocks in the S&P 500 were Friday's biggest losers with a 1.9% fall.

This morning in Asia Hong Kong Hang Seng declined 0.30%, or 74.85 points, to 24,477.62. China Shanghai Composite Index rose 3.20%, or 119.90 points, to 3,864.10. The Nikkei gained 0.22%, or 42.07 points, to 20,766.63.

Asian stocks traded mixed. Chinese equities climbed after some sources reported that the government accelerated development of state companies' reforms plan, which suggests increasing efficiency by attracting private funds.

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

Nikkei 225 20,724.56 +60.12 +0.29 %

Hang Seng 24,552.47 +177.19 +0.73 %

S&P/ASX 200 5,474.78 -135.32 -2.41 %

Shanghai Composite 3,744.41 +82.87 +2.26 %

FTSE 100 6,718.49 -28.60 -0.42 %

CAC 40 5,154.75 -37.36 -0.72 %

Xetra DAX 11,490.83 -94.27 -0.81 %

S&P 500 2,077.57 -5.99 -0.29 %

NASDAQ Composite 5,043.54 -12.90 -0.26 %

Dow Jones 17,373.38 -46.37 -0.27 %