Stock closed slightly higher on Friday's comments by the Fed Chairwoman Janet Yellen. She said at t Harvard University on Friday that an interest rate hike would be likely appropriate "in the coming months". She noted that the U.S. economy continued to improve, while inflation would reach the Fed's 2% target "over the next couple of years".

Market participants also eyed the economic data from the Eurozone. Destatis released its consumer price data for Germany on Monday. German preliminary consumer price index increased 0.3% in May, in line with expectations, after a 0.4% drop in April.

On a yearly basis, German preliminary consumer price index rose to 0.1% in May from -0.1% in April, in line with expectations.

European Commission released its economic sentiment index for the Eurozone on Monday. The index rose to 104.7 in May from 104.0 in April. April's figure was revised up from 103.9.

Analysts had expected the index to increase to 104.4.

The rise was driven by improvements in confidence among consumers and managers in the retail trade and construction sectors.

The industrial confidence index remained unchanged at -3.6 in May, in line with expectations. April's figure was revised up from -3.7.

The final consumer confidence index was up to -7.0 in May from -9.3 in April, in line with expectations.

The business climate index increased to 0.26 in May from 0.15 in April. April's figure was revised up from 0.13. Analysts had expected the index to climb to 0.16.

The rise in business climate index was driven by a more favourable managers' assessment of past production, the stocks of finished products and overall order books.

Markets in the U.K. were closed for a public holiday.

Indexes on the close:

Name Price Change Change %

FTSE 100 closed

DAX 10,333.23 +46.92 +0.46 %

CAC 40 4,529.4 +14.66 +0.32 %

Polish equity market closed lower on Monday. The broad market measure, the WIG Index, fell by 0.13%. Sector performance within the WIG Index was mixed. Utilities sector (+1.53%) was the strongest group, while materials (-2.03%) lagged behind.

The large-cap stocks' measure, the WIG30 index, inched down 0.06%. In the index basket, coking coal miner JSW (WSE: JSW) led the decliners with a 7.76% drop, followed by videogame developer CD PROJEKT (WSE: CDR), chemical producer GRUPA AZOTY (WSE: ATT) and property developer GTC (WSE: GTC), retreating by 4.18%, 3.57% and 2.3% respectively. On the country, railway freight transport operator PKP CARGO (WSE: PKP) and two gencos PGE (WSE: PGE) and ENEA (WSE: ENA) were the biggest advancers, gaining between 2.3% and 2.94%.

St. Louis Fed President James Bullard said in Seoul on Monday that global financial markets were "well-prepared" for an interest rate hike in the summer. He did not specify a date.

Bullard noted that the U.S. economy seemed to rebound in the second quarter.

St. Louis Fed president also said that an interest rate hike would depend on the incoming U.S. economic data.

Bullard is a voting member of the Federal Open Market Committee (FOMC) this year.

The Italian statistical office Istat released its producer price inflation data for Italy on Monday. Italian producer prices decreased 0.7% in April, after a 0.2% increase in March.

Producer price slid by 0.9% on domestic market and rose by 0.2% on non-domestic market in April.

On a yearly basis, Italian PPI fell 4.1% in April, after a 3.6% drop in February. February's figure was revised down from a 3.5% decline.

Producer price slid 4.5% on domestic market and by 2.1% on non-domestic market in April.

The Hellenic Statistical Authority released its revised gross domestic product (GDP) data for Greece on Monday. The Greek GDP decreased 0.5% in the first quarter, down from the preliminary reading of a 0.4% fall, after a 0.1% rise in the fourth quarter.

On a yearly basis, the Greek revised GDP fall at a seasonally-and-calendar adjusted 1.4% rate in the first quarter, down from the preliminary reading of a 1.3% drop, after a 0.8% decline in the fourth quarter.

Total consumption expenditure dropped 0.5% year-on-year in the first quarter.

Exports slid 3.3% year-on-year in the first quarter, while imports declined 0.3%.

The Hellenic Statistical Authority released its producer price index (PPI) data on Monday. Greek producer prices increased 0.4% in April, after a 2.1% rise in March.

Domestic market prices climbed by 0.2% in April, while foreign market prices rose 0.9%.

On a yearly basis, Greek PPI plunged 10.2% in April, after a 10.2% drop in March.

Domestic market prices slid 8.8% year-on-year in April, while foreign market prices dropped 14.8%.

Energy prices plunged 21.3% year-on-year in April, while intermediate goods industrial prices were down 3.6%.

The European Central Bank (ECB) purchased €19.3 billion of government and agency bonds under its quantitative-easing program last week.

The ECB bought €1.18 billion of covered bonds, and €1 million of asset-backed securities.

The ECB cut its interest rate to 0.00% from 0.05% and deposit rate to -0.4% from -0.3% at its March monetary policy meeting. The ECB also expanded its monthly purchases to €80 billion from €60 billion, to take effect in April. Purchases will include non-bank corporate debt.

Statistics Canada released current account data on Monday. Canadian current account deficit widened to C$16.8 billion in the first quarter from a deficit of C$15.7 billion in the fourth quarter. The fourth quarter figure was revised down from a deficit of C$15.38 billion.

The trade in goods deficit rose by C$1.3 billion to C$6.3 billion in the first quarter, while the deficit on international trade in services declined by $0.2 billion to C$5.7 billion.

Statistics Canada released its industrial product and raw materials price indexes on Monday. The Industrial Product Price Index (IPPI) dropped 0.5% in April, after a 0.6% decline in March.

The decrease was mainly driven by lower prices for motorized and recreational vehicles, which plunged 2.1% in April.

14 of the 21 commodity groups decreased, 4 were unchanged, while 3 rose.

The Raw Materials Price Index (RMPI) climbed 0.7% in April, after a 4.5% increase in May.

The rise was driven by higher prices for crude energy products. Crude energy products jumped by 4.2% in April.

2 of the 6 commodity groups rose and 4 decreased.

Destatis released its consumer price data for Germany on Monday. German preliminary consumer price index increased 0.3% in May, in line with expectations, after a 0.4% drop in April.

On a yearly basis, German preliminary consumer price index rose to 0.1% in May from -0.1% in April, in line with expectations.

Energy prices slid 7.9% year-on-year in May.

Goods prices dropped 0.9% year-on-year in May, while services prices increased 1.2%.

In the mid-session, the WIG20 fell at low turnover, pulled down by KGHM (WSE: KGH) and PGNiG (WSE: PGN). At the same time, the Polish currency weakened against the euro.

At 13.00 (Warsaw time) the WIG20 index lost 0.33 percent and was amounted at 1,833 points.

Among the largest companies hardest lose PGNiG (minus 2.1 per cent) and KGHM (minus 2.2 percent). The copper company (KGHM) has at the same time the highest turnover in the whole market. The second volume of trade have shares of PGE, which grow by 1.59 percent, almost the strongest in the index. In the last days the company's shares behave better than the broad market, reflecting strong sell-off of half of the month.

Stock indices traded mixed on Friday's comments by the Fed Chairwoman Janet Yellen. She said at t Harvard University on Friday that an interest rate hike would be likely appropriate "in the coming months". She noted that the U.S. economy continued to improve, while inflation would reach the Fed's 2% target "over the next couple of years".

Market participants also eyed the economic data from the Eurozone. European Commission released its economic sentiment index for the Eurozone on Monday. The index rose to 104.7 in May from 104.0 in April. April's figure was revised up from 103.9.

Analysts had expected the index to increase to 104.4.

The rise was driven by improvements in confidence among consumers and managers in the retail trade and construction sectors.

The industrial confidence index remained unchanged at -3.6 in May, in line with expectations. April's figure was revised up from -3.7.

The final consumer confidence index was up to -7.0 in May from -9.3 in April, in line with expectations.

The business climate index increased to 0.26 in May from 0.15 in April. April's figure was revised up from 0.13. Analysts had expected the index to climb to 0.16.

The rise in business climate index was driven by a more favourable managers' assessment of past production, the stocks of finished products and overall order books.

Markets in the U.K. were closed for a public holiday.

Current figures:

Name Price Change Change %

FTSE 100 closed

DAX 10,316.01 +29.70 +0.29 %

CAC 40 4,514.52 -0.22 0.00%

The Spanish statistical office INE released its preliminary consumer price inflation data on Monday. Consumer price inflation in Spain was up 0.6% in May, after a 0.7% rise in April.

On a yearly basis, consumer prices fell by 1.0% in May, after a 1.1% decrease in April.

The improvement in annual inflation was mainly driven by an increase in electricity prices and a slower fall in the prices of package holidays.

The French statistical office Insee released its final gross domestic product data for France on Monday. The French final GDP rose 0.6% in the first quarter, up from the preliminary reading of a 0.5% growth, after a 0.4% increase in the fourth quarter of 2015.

Household spending climbed 1.0% in the first quarter, after a flat reading in the fourth quarter of 2015, while government spending rose 0.4%, after a 0.4% gain in the fourth quarter.

Business investment rose 1.6% in the first quarter, after a 1.2% increase in the fourth quarter

Total production in goods and services was up 0.7% in the first quarter, after a 0.6% rise in the fourth quarter.

Export were flat in the first quarter, while imports rose 0.6%.

French statistical office INSEE released its consumer spending data on Monday. French consumer spending fell 0.1% in April, after a 1.1% gain in March. March's figure was revised up from a 0.2% increase.

The decrease was mainly driven by a drop in food products. Spending on food products slid by 1.2% in April.

On a yearly basis, consumer spending climbed 2.5% in April.

Destatis released its import prices data for Germany on Monday. German import prices declined by 6.6% in April from last year, after a 5.9% fall in March. It was the biggest drop since October 2009.

The decline was driven by a drop in energy prices, which plunged 30.8% year-on-year in April.

Import prices decline since January 2013.

On a monthly base, import prices decreased 0.1% in April, after a 0.7% rise in March.

On a yearly base, import prices excluding crude oil and mineral oil products fell by 4.0% in April.

Export prices dropped 2.0% year-on-year in April, after a 1.6% decrease in March.

On a monthly base, export prices were down 0.1% in April, after a 0.2% rise in March.

The European Commission released its economic sentiment index for the Eurozone on Monday. The index rose to 104.7 in May from 104.0 in April. April's figure was revised up from 103.9.

Analysts had expected the index to increase to 104.4.

The rise was driven by improvements in confidence among consumers and managers in the retail trade and construction sectors.

The industrial confidence index remained unchanged at -3.6 in May, in line with expectations. April's figure was revised up from -3.7.

The final consumer confidence index was up to -7.0 in May from -9.3 in April, in line with expectations.

The business climate index increased to 0.26 in May from 0.15 in April. April's figure was revised up from 0.13. Analysts had expected the index to climb to 0.16.

The rise in business climate index was driven by a more favourable managers' assessment of past production, the stocks of finished products and overall order books.

The Fed Chairwoman Janet Yellen said at t Harvard University on Friday that an interest rate hike would be likely appropriate "in the coming months". She noted that the U.S. economy continued to improve, while inflation would reach the Fed's 2% target "over the next couple of years".

The Australian Bureau of Statistics released its company gross profits data on Monday. Company gross profits in Australia dropped seasonally adjusted 4.7% in the first quarter, missing expectations for a flat reading, after a 3.6% decrease in the fourth quarter. The fourth quarter's figure was revised down from a 2.8% decline.

Sales of goods and services in the manufacturing sector dropped seasonally adjusted 0.3% in the first quarter, sales of goods and services in wholesale trade climbed 3.2%.

Inventories rose seasonally adjusted 0.4% in the first quarter, while wages and salaries increased 0.6%.

The Housing Industry Association (HIA) released its new home sales data for Australia on Monday. New home sales fell 4.7% in April, after a 8.9% rise in March. January's figure was revised down from a 3.1% increase.

"The trend in new home sales reiterates that the peak for the cycle has passed, but the descent we're now observing is very mild. This signals the potential for very healthy home construction activity throughout 2016, much as we have been anticipating," the HIA's economist Diwa Hopkins said.

Sales of detached homes decreased 3.0% in April, while sales for multi-units slid 10.8%.

According to Japan's Ministry of Economy, Trade and Industry (METI), retail sales in Japan were down at an annual rate of 0.8% in April, beating expectations for a 1.2% drop, after a 1.0% decrease in March. March's figure was revised up from 1.1% decline.

Sales at large-scale retailers decreased 0.8% year-on-year in April, after a 1.0% drop in March.

On a monthly basis, retail sales were flat in April, after a 1.5% increase in March.

The Swiss Economic Institute KOF released its leading indicator for Switzerland on Monday. The KOF leading indicator rose to 102.9 in May from 102.6 in April. April's figure was revised down from 102.7.

Analysts had expected the index to increase to 102.8.

The rise was driven by positive signals from the manufacturing sector, the financial sector and the export sector.

"Since February, the Barometer has been solidly standing above its long-term average. This indicates an on-going positive development of the Swiss economy in the coming months," the KOF said.

The futures market (WSE: FW20M16) opened with slightly increase to the level of 1845 points.

WIG20 index opened at 1840.91 points (+0.09%)*

WIG 46658.48 0.05

WIG30 2048.28 0.11

mWIG40 3576.49 0.08

*/ - change to previous lose

The cash market (the WIG20 index) started with a small increase of 0.09% to 1,840 points at modest turnover. This means the beginning of a neutral and slight change from Friday, which raises the risk of developing a weakness from the last day of the previous week.

So far, 2/3 of the activity in the WIG20 index focuses on the shares of KGHM. However, we have to immediately say that it is 2/3 of very low level of turnover, because after almost a quarter of the trade the turnover on the WIG20 is only PLN 10 mln.

Today's session is not going to be very exciting due to the holiday in the US and the UK. Lack of trading on Wall Street means that the global capital markets will be deprived of a significant signpost and closed banks in London will translate into a considerable reduction of orders from foreign capital on the WSE.

In Asia, the volatility was not large, the markets were dominated by a slight rise and only the Nikkei rising more than 1%. From the point of view of the Warsaw Stock Exchange will be important that commodity prices are under slight pressure after reaction to Friday's words of Janet Yellen. The probability of a rate hike in June after the words of the head of the Fed increased from 30% to 34% and in July is already 60%. So the market is preparing for a July increase in the cost of money in the United States, which strengthens the dollar and puts pressure on emerging markets.

The Warsaw market caught a shortness of breath on Friday, but already noticeably rebounded from the level of 1,800 points.

The WIG20 index slowly begins to draw the consolidation, where the drop below the level of 1800 points will worse moods, and defeat by the bulls the level of 1,880 points will improve them. Today, however, will be hard to expect the movement of initiating a clear approach of either party.

European stocks logged a modest gain Thursday as energy shares got a brief boost from Brent crude futures, which extended their gains to touch the $50-a-barrel level. Earlier stocks had benefited from a rise in crude but relinquished those gains as crude futures retreated.

U.S. stocks closed higher Friday as investors brushed aside Federal Reserve Chairwoman Janet Yellen comments that a rate increase may be justified this summer. All three main indexes booked their biggest weekly gains in several weeks as traders headed for a long weekend. U.S. markets will be closed on Monday for the Memorial Day holiday.

Asian stocks rose Monday following Wall Street's gains as investors looked ahead to economic data this week from China, Australia and Korea. Banks gained after Federal Reserve Chairwoman Janet Yellen said the central bank intends to keep raising interest rates provided the economy improves. Banks stand to make bigger profits on lending if interest rates rise.

Based on MarketWatch materials

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

Nikkei 225 16,834.84 +62.38 +0.37 %

Hang Seng 20,576.77 +179.66 +0.88 %

S&P/ASX 200 5,405.91 +17.82 +0.33 %

Shanghai Composite 2,821.54 -0.91 -0.03 %

FTSE 100 6,270.79 +5.14 +0.08 %

CAC 40 4,514.74 +2.10 +0.05 %

Xetra DAX 10,286.31 +13.60 +0.13 %

S&P 500 2,099.06 +8.96 +0.43 %

NASDAQ Composite 4,933.5 +31.74 +0.65 %

Dow Jones 17,873.22 +44.93 +0.25 %