The euro rose against the U.S. dollar, which has helped to statistics from the euro zone. It is learned that the unemployment rate in the euro zone rose to 12.1%. Value of the index in the previous month was revised from 12.2% to 12%. The result was better than the forecasts of experts who expected an increase in unemployment in May to 12.3%. During the month, the number of unemployed increased by 67 million to 19.2 million Youth unemployment was 23.8%.

It was a drop in the unemployment rate in the monetary union's largest economy - Germany - to 5.3% from 5.4%, in France, unemployment remained at 10.4%. Unemployment in Italy reached a record: the end of May of this year rose to 12.2%.

The maximum level of unemployment in the eurozone was recorded in Spain: 26.9% compared to 26.8% in April.

We also add that the euro zone manufacturing PMI Italy and Spain increased substantially. Both countries have shown the best results, rather than Germany, which confirms the view of the slowing of the recession in Spain and Italy, and the stabilization of the euro zone as a whole in Q2

Note that to stop the euro did not help even the U.S. data. A report published by the Institute for Supply Management (ISM), showed that in June manufacturing activity in the U.S. rose more than expected economists after unexpectedly fell in May for the first time since November 2012.

The PMI for the manufacturing sector in the United States June rose to 50.9 against 49.0 in May. A reading above 50 indicates expansion of industrial activity. Growth has exceeded the expectations of economists, who had forecast an increase to 50.6.

The pound traded slightly higher against the U.S. dollar, although it lost most of the items collected in the course of the day. Note that the dynamics of today's trading was influenced by data that showed that the pace of growth in the UK manufacturing sector accelerated in June, indicating that the economic recovery is gaining momentum. This comes at a time when Mark Carney started to perform as Governor of the Bank of England.

Purchasing Managers Index (PMI) for the manufacturing sector, which is calculated by Markit and the Chartered Institute of Purchasing & Supply, in June rose to 52.5, its highest level since May 2011, against 51.5 in May. Initially it was reported that in May, the index was 51.3.

The data beat expectations of economists who predicted that in June, the index remains at 51.3.

While the details of the report indicate a further improvement of the situation in the sector, as the volume of new orders jumped to its highest level in more than two years, concerns about the longer-term state of the economy remain, as employment growth almost stalled.

The survey showed that demand for British goods to learn a little support from overseas orders. In this case, the respondents relied on the confidence, improving the range and more favorable weather.

In addition, the report of the Bank of England showed that the number of mortgage approvals in the UK in May rose to 58,242 from 54,354 in April. This is the highest monthly figure since December 2009. At the same time, net lending to individuals fell to £ 1 billion against the forecast of £ 1,4 billion

European stocks rose, after their first weekly gain since May 17, as euro-area factory output in June contracted less than estimated and Japanese manufacturers turned optimistic for the first time since September 2011.

The Stoxx Europe 600 Index added 1.2 percent to 288.29 at the close of trading. The benchmark advanced 1.7 percent last week as China took steps to ease a cash crunch. It still lost 5.3 percent in June after Federal Reserve Chairman Ben S. Bernanke said the central bank could taper stimulus measures if the U.S. economy improves sustainably.

In Japan, a central bank report showed the quarterly Tankan index (JNTSMFG) for large manufacturers rose to plus 4 in June from minus 8 in March. The first positive figure since September 2011 signaled that optimists outnumber pessimists. The median estimate of economists surveyed was for 3.

In the U.S., a report showed that factory output in the world's largest economy increased in June. The Institute for Supply Management's manufacturing index rose to 50.9 from 49 the prior month. Economists survey had forecast an increase to 50.5.

National benchmark indexes advanced in all of the western European markets except Iceland.

FTSE 100 6,307.78 +92.31 +1.49% CAC 40 3,767.48 +28.57 +0.76% DAX 7,983.92 +24.70 +0.31%

In China, an official purchasing managers' index of factory output dropped to 50.1, the lowest level in four months, from 50.8, the National Bureau of Statistics and China Federation of Logistics and Purchasing said. A private PMI from HSBC Holdings and Markit was 48.2, the weakest since September. Readings above 50 signal expansion.

Nokia Oyj (NOK1V) jumped 3.7 percent to 2.95 euros after saying it will buy Siemens' 50 percent holding in Nokia Siemens Networks for 1.7 billion euros ($2.2 billion).

Siemens gained 2.6 percent to 79.63 euros, its biggest gain since August 2012, after the companies agreed to end their six-year long telecommunications-equipment joint venture.

Hennes & Mauritz AB (HMB) added 4 percent to 229.30 kronor after Bank of America Corp. raised its recommendation on the shares to buy from neutral, citing an improved outlook for the retailer's online business.

Hunting Plc (HTG) rallied 9 percent to 798 pence, its biggest gain since August 2011, after the U.K. oil-services provider said first-half results will meet analysts' estimates and that its outlook remains positive for the rest of the year.

Peugeot fell 2.5 percent to 6.17 euros after data showed the carmaker's registrations in France fell 9.5 percent to 57,962 in June.

The price of oil increased significantly, rising at the same time above $ 103 a barrel, as more encouraging data from Europe and better-than-expected, official data from China balanced the uncertainty about the prospects for U.S. monetary policy.

As it became known today, the index of business activity in the euro area industry (Manufacturing PMI) in June rose slightly stronger than originally assumed. These data are another sign that the currency bloc's economy begins to emerge from a state of prolonged recession.

The index rose to 48.8 points last month compared to 48.7 points in May, according to the Markit Economics. Economists expected the continued importance of 48.7 points.

Although the index value below 50 suggests decline of business activity, the rate of decline of activity is now slowing, which is encouraging.

The growth in June was the strongest since July 2010 Economists believe that in the second quarter ended 18-month decline of the economy in the eurozone.

According to the updated forecast of the European Commission of the euro area's GDP will shrink this year by 0.4%. In 2012, euro area GDP down by 0.6%.

We also add that the markets continue to watch the U.S. Federal Reserve's pending guidance on the future of its program of bond purchases. Recall that last month the head of the Federal Reserve signaled that the U.S. central bank may go for a reduction in the amount of bond purchases at its September meeting, which could strengthen the dollar. But the situation will also depend on the U.S. labor market. Add that many investors are waiting for Friday's employment report, which just may change the size of the program. It should be noted that the weak report would undermine the dollar again and raise the price of oil.

The cost of the August futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 97.96 dollars a barrel on the New York Mercantile Exchange.

August futures price for North Sea Brent crude oil mixture rose 1.06$ to $ 103.07 a barrel on the London exchange ICE Futures Europe.

Gold prices rose today, recovering after fixing the largest quarterly loss in history, which was associated with stabilization of the dollar ahead of important U.S. data, which is expected to be able to provide more clues regarding the prospects of stimulus measures. Recall that last week, concerns about the decline in asset-purchase program by the Federal Reserve led to a drop in gold prices to the lowest level in three years.

According to the data, in II quarter of 2013, gold prices have fallen more than 23%, which was a record decline since 1970, when the market of precious metals only formed. Recall that the previous most significant quarterly decline in gold prices is dated the I quarter of 1982, when the decline in the price of gold by 18%. Silver for the II quarter of this year fell by 32%.

According to analysts and experts, the mass exit of investors from the market of precious metals associated with fears of the past to strengthen the U.S. economy, which automatically leads to an increase in bond yields and, consequently, of the U.S. dollar, which in turn will dramatically reduce the cost of precious metals such as gold and silver.

We also add that the gold reserves in exchange-traded funds dropped significantly since the beginning of this year. Recent data showed that stocks in the SPDR ETF Gold Trust fell nearly 13 million ounces this year. In addition, we add that hedge funds and money managers reduced their bets on the purchase of gold futures and options to the lowest level in six years.

In addition, we note that even lower prices in the last few weeks has not been able to rekindle physical demand in Asia, which has traditionally been the largest buyer of gold.

The cost of the August gold futures on COMEX today rose to 1244.40 dollars an ounce.

Construction spending in the U.S. rose by slightly less than expected in the month of May, according to a report released by the Commerce Department on Monday.

The report said construction spending rose 0.5 percent to an annual rate of $874.9 billion in May from the revised April estimate of $870.3 billion. Spending had been expected to rise by 0.6 percent.

Sold E7.974bln vs target E6.8bln-E8.0bln

- E4.196bln 3-month BTF, avg yield 0.036% (0.065%), cover 1.93 (1.49)

- E1.985bln 6-month BTF, avg yield 0.058% (0.095%), cover 2.27 (2.76)

- E1.793bln 12-month BTF, avg yield 0.171% (0.244%), cover 2.35 (1.46)

U.S. stock futures climbed before a report that may show manufacturing rebounded last month from its largest contraction since 2009.

Global Stocks:

Nikkei 13,852.5 +175.18 +1.28%

Shanghai Composite 1,995.24 +16.04 +0.81%

FTSE 6,276.43 +60.96 +0.98%

CAC 3,763.98 +25.07 +0.67%

DAX 7,980.9 +21.68 +0.27%

Crude oil $97.62 +1.10%

Gold $1235.80 +0.99%

Upgrades:

Apple (AAPL) upgraded from Outperform to Strong Buy at Raymond James

Downgrades:

Other:

07:30 Switzerland Manufacturing PMI June 52.2 52.5 51.9

07:50 France Manufacturing PMI (Finally) June 48.3 48.3 48.4

07:55 Germany Manufacturing PMI (Finally) June 48.7 48.7 48.6

08:00 Eurozone Manufacturing PMI (Finally) June 48.7 48.7 48.8

08:30 United Kingdom Purchasing Manager Index Manufacturing June 51.5 Revised From 51.3 51.3 52.5

08:30 United Kingdom Net Lending to Individuals, bln May 1.4 1.4 1.0

08:30 United Kingdom Mortgage Approvals May 53.7 55.8 58.2

09:00 Eurozone Harmonized CPI, Y/Y (Preliminary) June +1.4% +1.6% +1.6%

09:00 Eurozone Unemployment Rate May 12.0% Revised From 12.2% 12.3% 12.1%

European currency rose against the dollar and the yen after the manufacturing activity in the euro zone in June continued to decline, although the rate of decline was the lowest in nearly half a year. According to data released by the company Markit, an indicator of manufacturing activity in June rose to 48.8 compared to 48.3 in May. Previously provided guidance assumed a slightly smaller increase. A value below 50 indicates a contraction of manufacturing activity from the previous month, but the current figure shows the least negative dynamics over the last 16 months.

At the same time, the unemployment rate in the euro zone rose to 12.1%. Value of the index in the previous month was revised from 12.2% to 12%. The result was better than the forecasts of experts who expected an increase in unemployment in May to 12.3%. During the month, the number of unemployed increased by 67 million to 19.2 million Youth unemployment was 23.8%. It was a drop in the unemployment rate in the monetary union's largest economy - Germany - to 5.3% from 5.4%, in France, unemployment remained at 10.4%. Unemployment in Italy reached a record: the end of May of this year rose to 12.2%. The maximum level of unemployment in the eurozone was recorded in Spain: 26.9% compared to 26.8% in April.

Also, the data released on inflation in the euro area. Basic Eurozone CPI at 1.2% coincided with the previous result, and the CPI met expectations at 1.6%.

The pound rebounded to positive statistics from Britain. Purchasing Managers Index (PMI) for the manufacturing sector, which is calculated by Markit and the Chartered Institute of Purchasing & Supply, in June rose to 52.5, its highest level since May 2011, against 51.5 in May. Initially it was reported that in May, the index was 51.3. The data beat expectations of economists who predicted that in June, the index remains at 51.3.

The Bank of England showed that the number of mortgage approvals in the UK in May rose to 58,242 from 54,354 in April. This is the highest monthly figure since December 2009. At the same time, net lending to individuals fell to £ 1 billion against the forecast of £ 1,4 billion

EUR / USD: during the European session, the pair rose to $ 1.3059

GBP / USD: during the European session, the pair dropped to $ 1.5182 and then rose to $ 1.5247

USD / JPY: during the European session, the pair rose to Y99.74

At 14:00 in the U.S. ISM manufacturing index will be released in June. At 23:50 Japan will release the volume change of the monetary base in June.

Canada Celebrates Canada Day.

EUR/USD

Offers $1.3151, $1.3100/10

Bids $1.3005/00, $1.2985/80, $1.2960/50

GBP/USD

Offers $1.5345/50, $1.5295/300, $1.5280, $1.5250/60

Bids $1.5185/80, $1.5150, $1.5120/10

AUD/USD

Offers $0.9345/50, $0.9330, $0.9295/00, $0.9280/85, $0.9245/50, $0.9215/20

Bids $0.9140, $0.9110, $0.9100, $0.9070/65, $0.9050

EUR/GBP

Offers stg0.8630/40, stg0.8590/600

Bids stg0.8550/45, stg0.8520/15, stg0.8500, stg0.8465/60, stg0.8445/40, stg0.8420

EUR/JPY

Offers Y131.00, Y130.80, Y130.50, Y130.20/25

Bids Y129.20, Y129.05/00, Y128.80, Y128.55/50

USD/JPY

Offers Y100.45/50, Y100.20, Y100.00, Y99.70/80

Bids Y99.00, Y98.70/60, Y98.50, Y98.20

European stocks advanced, after their first weekly gain since May 17, as euro-area factory output contracted in June less than initially estimated.

A gauge of manufacturing in the 17-nation euro area increased to 48.8 last month from 48.3 in May, London-based Markit Economics said today. That's above an initial estimate of 48.7 on June 20. The gauge has been below 50, indicating contraction, since July 2011.

In Japan, a central bank report showed the quarterly Tankan index for large manufacturers rose to 4 in June from minus 8 in March. The first positive figure since September 2011 signaled that optimists outnumber pessimists. The median estimate of economists was for 3.

Nokia Oyj jumped 7.5 percent to 3.06 euros after saying it will buy Siemens' 50 percent holding in Nokia Siemens Network for 1.7 billion euros ($2.2 billion). Siemens added 2.4 percent to 79.52 euros after the companies agreed to end their six-year long telecommunications-equipment joint venture.

Hennes & Mauritz AB rose 3.6 percent to 228.30 kronor after Bank of America Corp. raised its recommendation on the shares to buy from neutral.

Pirelli dropped 1.1 percent to 8.80 euros after Sky Sports reported the Italian tire supplier has been called into a meeting this week with Formula One's governing body to explain why there were four tire blowouts at the British Grand Prix.

FTSE 100 6,275.18 +59.71 +0.96%

CAC 40 3,769.69 +30.78 +0.82%

DAX 8,001.86 +42.64 +0.54%

EUR/USD $1.2900, $1.2920, $1.2930, $1.3000, $1.3050, $1.3100, $1.3120, $1.3210

USD/JPY Y98.00, Y98.25, Y99.00, Y99.50, Y99.75, Y100.00

GBP/USD $1.5195, $1.5240

EUR/GBP £0.8500

EUR/CHF Chf1.2350

EUR/SEK Sek8.80

AUD/USD $0.9200, $0.9300, $0.9320

USD/CAD C$1.0525

Asian stocks outside Japan fell, with a regional index heading for its first decline in four days, after an official gauge of manufacturing activity in China expanded at the slowest pace in four months.

Nikkei 225 13,852.5 +175.18 +1.28%

Hang Seng 20,803.29 +363.21 +1.78%

S&P/ASX 200 4,710.3 -92.29 -1.92%

Shanghai Composite 1,995.24 +16.04 +0.81%

Fortescue Metals Group Ltd., Australia's third-largest iron-ore producer that counts China as its biggest market, dropped 3 percent.

CapitaLand Ltd. dropped 1.6 percent, pacing losses among Singapore homebuilders after the city's central bank tightened lending rules to curb rising property prices.

Toyota Motor Corp., the world's No. 1 carmaker, gained 1.2 percent as the yen weakened against the dollar.

00:00 China Leading Index May 99.8 99.60

01:00 China Manufacturing PMI June 50.8 50.1 50.1

01:45 China HSBC Manufacturing PMI (Finally) June 48.3 48.3 48.2

The dollar gained for a third day to its strongest in more than three weeks versus the yen before a U.S. report forecast to show manufacturing rebounded, adding to signs the Federal Reserve may begin to trim bond purchases. The Institute for Supply Management's factory index for the U.S. probably rose to 50.5 in June from 49, which was the lowest since June 2009, according to the median estimate in a Bloomberg News survey before today's report. A reading of 50 is the dividing line between growth and contraction.

The yen fell versus its major peers as data showed large Japanese manufacturers were the most optimistic in two years, reducing haven demand. The Bank of Japan's Tankan index of sentiment among large manufacturers was plus 4 in the second quarter, the highest reading since March 2011, from minus 8 in the prior period, according to a statement from the central bank. A positive number means optimists outnumber pessimists.

The euro was near its weakest in a month before a European Central Bank meeting July 4, with President Mario Draghi signaling policy will remain stimulative. The ECB's monetary policy "will stay accommodative for the foreseeable future," Draghi said June 26. "We have an open mind about all other possible instruments that we may consider proper to adopt."

Australia's dollar rose from the least since September 2010 on bets its central bank won't cut interest rates tomorrow. There is a 24 percent chance that the Reserve Bank of Australia will cut its benchmark interest rate to 2.5 percent from 2.75 percent tomorrow, according to Bloomberg calculations based on swaps.

EUR / USD: during the Asian session the pair is trading around $ 1.3020

GBP / USD: during the Asian session the pair is trading around $ 1.5200

USD / JPY: during the Asian session the pair the pair traded in the range of Y99.15/55

There is a full calendar Monday, with data releases on both sides of the week. However, the real standout events come later in the week with the RBA, BOE and ECB policy meets. Also, the US Jobs report is expected Friday, coming the day after the Independence Day holiday. Early data Monday sees the release of the final manufacturing PMI numbers in Europe. At 0713GMT, the Spanish numbers are expected, followed at 0743GMT by Italy, France at 0748GMT, Germany at 0753GMT and the eurozone combined data at 0758GMT. Final June PMIs are expected to confirm the impression of an economic bloc still firmly in recession, but with the pace of contraction at least becoming less eye watering. Further eurozone data is expected at 0900GMT, with the release of the May unemployment numbers, expected to show a rise to a fresh record high at 12.3%, up from 12.2% in April.

00:00 China Leading Index May 99.8 99.60

01:00 China Manufacturing PMI June 50.8 50.1 50.1

01:45 China HSBC Manufacturing PMI June 48.3 48.3 48.2

06:30 Australia RBA Commodity prices, y/y June -8.6%

07:30 Switzerland Manufacturing PMI June 52.2 52.5

07:50 France Manufacturing PMI June 48.3 48.3

07:55 Germany Manufacturing PMI June 48.7 48.7

08:00 Eurozone Manufacturing PMI June 48.7 48.7

08:30 United Kingdom Purchasing Manager Index Manufacturing June 51.3 51.3

08:30 United Kingdom Net Lending to Individuals, bln May 1.4 1.4

08:30 United Kingdom Mortgage Approvals May 53.7 55.8

09:00 Eurozone Harmonized CPI, Y/Y June +1.4% +1.6%

09:00 Eurozone Unemployment Rate May 12.2% 12.3%

12:00 Canada Bank holiday

13:00 U.S. Manufacturing PMI June 52.2 52.4

14:00 U.S. Construction Spending, m/m May +0.4% +0.6%

14:00 U.S. ISM Manufacturing June 49.0 50.6

23:50 Japan Monetary Base, y/y June +31.6% +41.2%