The U.S. dollar rose modestly against major currencies after the release of U.S. trade balance . Recent data from the U.S. Department of Commerce showed that exports continued to grow in November , while providing more evidence that high rates of growth abroad can improve performance for the U.S. economy .

According to the report , the seasonally adjusted U.S. exports increased in November by 0.9 % compared with the previous month , reaching at this level of $ 194.860 billion , which was the highest in history. Imports, meanwhile, fell by 1.4% - to $ 229.110 billion

Given these changes , the trade deficit narrowed in November to $ 34.250 billion , compared with a revised downward deficit the previous month at $ 39.330 billion (originally reported deficit of $ 40.6 billion). We add that the latter figure was the lowest since October 2009. Many experts predicted a decline in the trade deficit to only $ 40.2 billion from $ 40.6 billion

The global economy showed signs of stabilizing in recent months , and provided potential momentum heading for the U.S. in the new year . Weakness in Europe, Japan and some emerging markets put pressure on U.S. exporters for most of the recovery.

In addition, data showed that U.S. exports increased by 5.2 % compared with a year earlier , led by sales growth in China , Mexico and Canada . U.S. exports to China from January to November rose by 8.7% compared with the same period a year earlier . Exports to Canada , which is the largest trading partner for the United States increased by 2.5 % over the same period .

Earlier, the euro rose sharply against the dollar, which was associated with the publication of data on inflation in the euro area , which surprised the experts. A preliminary report from the EU statistical agency showed that Eurozone annual inflation unexpectedly fell last month , reviving concerns about the fact that it could threaten the " fragile " recovery of the currency bloc .

According to the report , on an annual basis , consumer prices rose by only 0.8 percent in December , compared with an increase of 0.9 per cent per annum in November and expectations at 0.9 percent. Recall that in October, inflation was 0.7 per cent , and this prompted the ECB to lower its benchmark interest rate to the lowest level , namely to 0.25 per cent , to stimulate the economy . ECB seeks to achieve the inflation rate below 2.0 percent.

In addition, data showed that core inflation, which excludes prices for food and energy , was in December, only 0.7 per cent .

"It will be interesting to see whether Mario Draghi will speak about the growing concerns about deflation at the upcoming meeting on Thursday ," said Boris Schlossberg , an analyst BK Asset Management. " Some analysts have hinted that the ECB may consider reducing rates by 10 bps . Clause in the fight against this process ."

The yen traded lower against the dollar as the Bank of Japan reported on the change in the monetary base of the country. Index for December rose by almost 47 % compared with the previous year to a record 193.5 trillion yen ($ 1.85 trillion ) . Recall that the purpose of the Bank of Japan from December 2012 to double the monetary base to 270 trillion yen by the end of this year. Also decline in the yen was associated with operation of stop orders. According to traders , it happened after the Japanese stock market offset losses incurred earlier . Preceded this decline USD / JPY pair has led some investors and importers good opportunity to buy the U.S. currency cheaper.

European stocks rose, sending the Stoxx Europe 600 Index to its highest level since May 2008, as German unemployment fell the most in two years and Ireland returned to the bond market after completing a bailout program.

Unemployment in Germany declined the most since December 2011, data showed today. The number of people out of work in Europe’s largest economy decreased by a seasonally-adjusted 15,000, after increasing a revised 9,000 in November, the Nuremberg-based Federal Labor Agency said. Economists in a Bloomberg News survey predicted a drop of 1,000. The adjusted jobless rate remained unchanged at 6.9 percent.

National equity benchmarks rose in 16 of the 18 western European markets. Germany’s DAX and France’s CAC 40 gained 0.8 percent, while the U.K.’s FTSE 100 added 0.4 percent.

Maersk increased 3.5 percent to 62,300 kroner. The owner of the world’s largest container-shipping line said it will sell a 48.68 percent stake in Dansk Supermarked A/S and 18.72 percent of F. Salling A/S to partners F. Salling Invest A/S and F. Salling Holding A/S. Maersk (MAERSKB) said it will book a gain of 14 billion kroner ($2.56 billion) from proceeds of as much as 17 billion kroner.

Vestas Wind Systems A/S climbed 6.1 percent to 197.40 kroner, the highest price since April 2011 for the world’s biggest wind-turbine maker. The stock rose for a 10th day, its longest rally in eight months. Vestas gained 5.5 percent yesterday as it upgraded its estimate for 2013 free cash flow.

Swedish Match fell 5.5 percent to 196.60 kronor. Citigroup Inc. downgraded the shares to sell from neutral, citing competitive pressures in 2014. The brokerage reduced its price forecast for the shares to 193 kronor from 225 kronor.

Hugo Boss slid 2.3 percent to 100 euros. Societe Generale SA downgraded the the luxury-clothing maker controlled by buyout firm Permira Advisers LLP. to hold from buy.

Brent crude halted its longest run of declines since August on concern that clashes between Iraq’s government and Al-Qaeda-linked militants may disrupt oil output.

Futures rose as much as 0.7 percent, ending a five-day losing streak, amid fighting in the city of Fallujah and surrounding Anbar province in Iraq, the largest crude-producing OPEC member after Saudi Arabia. German unemployment fell for the first time in five months in December, signaling increased confidence by companies in Europe’s largest economy.

Brent for February settlement rose 43 cents, or 0.4 percent, to $107.16 a barrel on the ICE Futures Europe exchange at 10:47 a.m. in New York. The volume of all futures traded was 7.7 percent below the 100-day average.

West Texas Intermediate crude for February delivery increased 49 cents, or 0.5 percent, to $93.92 a barrel on New York Mercantile Exchange. The volume of all futures traded was 16 percent lower than the 100-day average.

Brent oil, the European benchmark grade, traded at a $13.24 premium to WTI. The spread widened for a fifth day yesterday to close at $13.48.

Today the price of gold is reduced by a stronger dollar after data on the U.S. trade balance .

Recent data from the U.S. Department of Commerce showed that exports continued to grow in November , while providing more evidence that high rates of growth abroad can improve performance for the U.S. economy .

According to the report , the seasonally adjusted U.S. exports increased in November by 0.9 % compared with the previous month , reaching at this level of $ 194.860 billion , which was the highest in history. Imports, meanwhile, fell by 1.4% - to $ 229.110 billion

Given these changes , the trade deficit narrowed in November to $ 34.250 billion , compared with a revised downward deficit the previous month at $ 39.330 billion (originally reported deficit of $ 40.6 billion). We add that the latter figure was the lowest since October 2009. Many experts predicted a decline in the trade deficit to only $ 40.2 billion from $ 40.6 billion

The global economy showed signs of stabilizing in recent months , and provided potential momentum heading for the U.S. in the new year . Weakness in Europe, Japan and some emerging markets put pressure on U.S. exporters for most of the recovery.

In addition, data showed that U.S. exports increased by 5.2 % compared with a year earlier , led by sales growth in China , Mexico and Canada . U.S. exports to China from January to November rose by 8.7% compared with the same period a year earlier . Exports to Canada , which is the largest trading partner for the United States increased by 2.5 % over the same period .

Cost February gold futures on the COMEX today dropped to $ 1224.20 per ounce.

U.S. stock-index futures rose, as investors awaited this week’s earnings reports and jobs data to gauge the pace of the recovery in the world’s largest economy.

Global markets:

Nikkei 15,814.37 -94.51 -0.59%

Hang Seng 22,712.78 +28.63 +0.13%

Shanghai Composite 2,047.32 +1.61 +0.08%

FTSE 6,754.37 +23.64 +0.35%

CAC 4,243.28 +15.74 +0.37%

DAX 9,479.89 +51.89 +0.55%

Crude oil $93.62 (+0.20%)

Gold $1234.30 (-0.30%).

EUR/USD $1.3520, $1.3700, $1.3750

USD/JPY Y104.00, Y104.50, Y104.70, Y105.00, Y105.50, Y106.00

EUR/JPY Y143.00

GBP/USD $1.6380, $1.6460

EUR/GBP stg0.8345

USD/CHF Chf0.9000, Chf0.9010

AUD/USD $0.8900, $0.9000, $0.9030, $0.9100

NZD/USD $0.8195, $0.8210

USD/CAD C$1.0600

Data

00:30 Australia Trade Balance , November billion -0.53 -0.30 -0.12

7:00 Germany Retail sales in November , seasonally adjusted -0.8 % +0.5 % +1.5 %

7:00 Germany Retail sales unadjusted y / y in November -0.1% Revised from -0.2 % +1.6%

7:45 France indicator of consumer confidence in December 84 84 85

8:00 Reserves Switzerland Swiss National Bank in foreign currency billion francs 435.7 435.0 435.2 December

8:55 Germany Changing the number of unemployed December 10 -1 15

8:55 Germany Unemployment seasonally adjusted 6.9 % in December 6.9 % 6.9 %

10:00 Eurozone Producer Price Index m / m in November -0.5% -0.1 % -0.1 %

10:00 Eurozone Producer Price Index y / y in November -1.4 % +1.2 % -1.2 %

10:00 Eurozone CPI y / y (preliminary data ) December +0.9 % +0.9 % +0.7 %

The euro exchange rate rose sharply against the dollar, which was associated with the publication of data on inflation in the euro area , which surprised the experts.

A preliminary report from the EU statistical agency showed that Eurozone annual inflation unexpectedly fell last month , reviving concerns about the fact that it could threaten the " fragile " recovery of the currency bloc .

According to the report , on an annual basis , consumer prices rose by only 0.8 percent in December , compared with an increase of 0.9 per cent per annum in November and expectations at 0.9 percent. Recall that in October, inflation was 0.7 per cent , and this prompted the ECB to lower its benchmark interest rate to the lowest level , namely to 0.25 per cent , to stimulate the economy . ECB seeks to achieve the inflation rate below 2.0 percent.

In addition, data showed that core inflation, which excludes prices for food and energy , was in December, only 0.7 per cent .

"It will be interesting to see whether Mario Draghi will speak about the growing concerns about deflation at the upcoming meeting on Thursday ," said Boris Schlossberg , an analyst BK Asset Management. " Some analysts have hinted that the ECB may consider reducing rates by 10 bps . Clause in the fight against this process ."

The yen traded lower against the dollar as the Bank of Japan reported on the change in the monetary base of the country. Index for December rose by almost 47 % compared with the previous year to a record 193.5 trillion yen ($ 1.85 trillion ) . Recall that the purpose of the Bank of Japan from December 2012 to double the monetary base to 270 trillion yen by the end of this year. Also decline in the yen was associated with operation of stop orders. According to traders , it happened after the Japanese stock market offset losses incurred earlier . Preceded this decline USD / JPY pair has led some investors and importers good opportunity to buy the U.S. currency cheaper.

Pound rose against the dollar , retreating from a session low , which was associated with the release of a report showed that sales of cars in the UK have returned to pre-crisis level of car sales in the UK in 2013 exceeded the 2007 figure . This auto market has become the busiest in Europe thanks to cheap credit and rising consumer confidence.

Car sales last year rose by 10.5% to 2.26 million units . In 2014, experts also predict growth based on sustainable recovery unexpectedly UK. In 2013 , there were only sold by 6% fewer cars than in the pre-crisis 2007 ( 2.4 million ) , and only 300,000 less than a year a historic high . Three-quarters of Britons are buying cars on credit , using the low rates and stimulate the state program .

EUR / USD: during the European session, the pair rose to $ 1.3656

GBP / USD: during the European session, the pair rose to $ 1.6435 , and then retreated slightly

USD / JPY: during the European session, the pair rose to Y104.60, but then fell to Y104.40

At 13:30 GMT , Canada and the United States will report on its trade balance for November. At 15:00 GMT , Canada will release the Ivey PMI index from December .

EUR/USD

Offers $1.3750, $1.3720/25, $1.3700/10, $1.3670/80, $1.3650/55

Bids $1.3600, $1.3595/90, $1.3575/70, $1.3555/50, $1.3525/20, $1.3500

GBP/USD

Offers $1.6500/10, $1.6470/80, $1.6440/50, $1.6420

Bids $1.6376, $1.6350, $1.6337, $1.6300

AUD/USD

Offers $0.9050, $0.9020, $0.9000, $0.8945/50

Bids $0.8900, $0.8885/80, $0.8855/50, $0.8825/20

EUR/GBP

Offers Stg0.8400/05, stg0.8370/80, stg0.8350, stg0.8330/35, stg0.8321

Bids stg0.8280, stg0.8270, stg0.8260/50, stg0.8250, stg0.8220

EUR/JPY

Offers Y143.50, Y143.20, Y143.00, Y142.80, Y142.53

Bids Y141.85/80, Y141.50, Y141.30/25, Y141.00

USD/JPY

Offers Y106.00, Y105.80, Y105.45/50, Y105.30/40, Y105.00, Y104.75/80

Bids Y104.00, Y103.80, Y103.50, Y103.20

European indices added the most in three weeks as data from Eurostat on Eurozone's Consumer Price Inflation showed a negative reading for the first time since October 2009 when it was -0.1%. Consumer prices fell more-than-expected to -0.2%. Analyst forecasted a flat reading of 0.0% in December after +0.2% in November. Disinflation adds pressure on the ECB to start quantitative easing measures rather sooner than later as the ECB wants to keep inflation below but close to 2 percent over the medium term.

The Unemployment Rate in Germany fell to 6.5%, a record low, beating forecast of 6.6%. Last month's reading was 6.6%. Eurozone's Unemployment Rate stayed at 11.5% in line with estimates.

The minutes from December's Federal Reserve policy meeting are due later in the day at 19:00 GMT. The minutes may give further indication on the FED's 'patient' approach on rising benchmark interest rates for the first time since 2006.

In today's session the FTSE 100 index added +0.86% quoted at 6,421.14. France's CAC 40 gained +1.14% trading at 4,130.20. Germany's DAX 30 is currently trading +1.01% at 9,565.64 points.

European stocks rose as German unemployment fell the most in two years and investors weighed China’s tighter rules to control its shadow-banking industry. U.S. futures also gained, while Asian shares slid.

The Stoxx Europe 600 Index added 0.2 percent. The benchmark measure has climbed 5.8 percent from its Dec. 13 low. Standard & Poor’s 500 Index futures increased 0.2 percent today, while the MSCI Asia Pacific Index lost 0.4 percent.

Unemployment in Germany declined the most since December 2011, data showed today. The number of people out of work in Europe’s largest economy decreased by a seasonally-adjusted 15,000 to 2.965 million, after increasing a revised 9,000 in November, the Nuremberg-based Federal Labor Agency said. Economists predicted a drop of 1,000. The adjusted jobless rate remained unchanged at 6.9 percent.

China imposed new controls on the multi-trillion-dollar shadow-banking industry, three people familiar with the matter said. The rules include a ban on transactions designed to avoid regulations, such as moving interbank loans off balance sheets to reduce reported levels of lending, said the people. Such operations are part of shadow finance, a term that describes lending outside the banking system.

Vestas Wind Systems climbed 5.4 percent to 196.20 kroner, the highest price since April 2011 for the world’s biggest wind-turbine maker. The stock rose for a 10th day, its longest rally in eight months. Vestas rose 5.5 percent yesterday as it upgraded its estimate for 2013 free cash flow.

Swedish Match fell 4.8 percent to 198 kronor. Citigroup downgraded the shares to sell from neutral, saying competitive pressures will continue in 2014. The brokerage reduced its price forecast for the shares to 193 kronor from 225 kronor.

Hugo Boss AG declined 2.4 percent after Societe Generale SA downgraded the luxury-clothing maker controlled by buyout firm Permira Advisers LLP.

FTSE 100 6,755.31 +24.58 +0.37%

CAC 40 4,240.23 +12.69 +0.30%

DAX 9,477.87 +49.87 +0.53%

EUR/USD $1.3520, $1.3700, $1.3750

USD/JPY Y104.00, Y104.50, Y104.70, Y105.00, Y105.50, Y106.00

EUR/JPY Y143.00

GBP/USD $1.6380, $1.6460

EUR/GBP stg0.8345

USD/CHF Chf0.9000, Chf0.9010

AUD/USD $0.8900, $0.9000, $0.9030, $0.9100

NZD/USD $0.8195, $0.8210

USD/CAD C$1.0600

Asian stocks fell, with the regional benchmark index poised to drop for a fourth day, as a report showed U.S. service industries expanded less than expected and raw-material shares led declines.

Nikkei 225 15,814.37 -94.51 -0.59%

S&P/ASX 200 5,316.99 -7.89 -0.15%

Shanghai Composite 2,044.44 -1.27 -0.06%

Sinopec Shanghai Petrochemical Co., an oil processor, slumped 5.9 percent, leading material shares lower.

Oversea-Chinese Banking Corp., Southeast Asia’s second-biggest lender, fell 0.8 percent in Singapore amid concern it may pay too much to take over Hong Kong’s Wing Hang Bank Ltd.

Li & Fung Ltd., the world’s largest supplier of clothes and toys to retailers, gained 8.5 percent in Hong Kong as the company called its 2013 performance “solid.”

00:30 Australia Trade Balance November -0.53 -0.30 -0.12

The yen fell versus most major peers after Bank of Japan data showed progress in monetary stimulus and currency volatility plunged the most in 1 1/2 years. Japan’s monetary base, which measures the supply of money by the central bank, soared 47 percent in December from a year earlier to a record 193.5 trillion yen ($1.85 trillion), a report today showed. The BOJ switched its policy target from interest rates to the gauge in April, planning to double it to 270 trillion yen by the end of this year from December 2012.

Japan’s currency reversed an advance against the dollar yesterday that was the biggest in more than two months as BOJ policy contrasts with that of the U.S. Federal Reserve, which is expected to end its bond-buying program this year.

The euro snapped a gain before data today forecast to show the region’s inflation approached the slowest level in four years and ahead of a European Central Bank meeting on Jan. 9.

Australia’s dollar declined against most of its 16 major counterparts.

EUR / USD: during the Asian session, the pair is trading around the level of $ 1.3620

GBP / USD: during the Asian session, the pair is trading around the level of $ 1.6400

USD / JPY: during the Asian session, the pair rose to Y104.60

There is plenty of data on the calendar for traders to digest Tuesday, with the added "excitement" of Fed speakers later in the day. The European calendar kicks off early, with the release of German November retail sales and November ILO employment data. At 0745GMT, French December consumer confidence numbers are expected to cross the wires. Confidence is seen unchanged at 84. German official December unemployment data will cross the wires at 0855GMT, with economists looking for a fall of 1,000 on month, with the rate unchanged at 6.9%. Euro area data expected at 1000GMT sees the release of the November PPI data and the December flash HICP data. November PPI is expected to come in at -0.1% on the month and down 1.3% on year. December flash HICP is seen up 0.8% on year. At 1100GMT, there is a briefing in Brussels on the EMU.

Gold $1,237.40 -0.60 -0.05%

Oil $93.66 +0.23 +0.25%

(pare/closed(00:00 GMT +02:00)/change, %)

EUR/USD $1,3628 +0,33%

GBP/USD $1,6404 +0,01%

USD/CHF Chf0,9039 -0,14%

USD/JPY Y104,22 -0,53%

EUR/JPY Y142,02 -0,20%

GBP/JPY Y170,95 -0,05%

AUD/USD $0,8965 +0,30%

NZD/USD $0,8290 +0,23%

USD/CAD C$1,0654 +0,17%

Nikkei 225 15,908.88 -382,43 -2,35%

S&P/ASX 200 5,324.88 -25,22 -0,47%

Shanghai Composite 2,045.71 -37,43 -1,80%

FTSE 100 6,730.73 +0.06 0.00%

CAC 40 4,227.54 -20.11 -0.47%

DAX 9,428 -7.15 -0.08%

Dow 16,425.10 -44.89 -0.27%

Nasdaq 4,113.68 -18.23 -0.44%

S&P 500 1,826.77 -4.60 -0.25%

00:30 Australia Trade Balance November -0.53 -0.30

07:00 Germany Retail sales, real adjusted November -0.8% +0.5%

07:00 Germany Retail sales, real unadjusted, y/y November -0.2%

07:45 France Consumer confidence December 84 84

08:00 United Kingdom Halifax house price index December +1.1% +0.6%

08:00 United Kingdom Halifax house price index 3m Y/Y December +7.7%

08:00 Switzerland Foreign Currency Reserves December 435.7 435.0

08:55 Germany Unemployment Change December 10 -1

08:55 Germany Unemployment Rate s.a. December 6.9% 6.9%

10:00 Eurozone Producer Price Index, MoM November -0.5% -0.1%

10:00 Eurozone Producer Price Index (YoY) November -1.4% +1.2%

10:00 Eurozone Harmonized CPI, Y/Y (Preliminary) December +0.9% +0.9%

13:30 Canada Trade balance, billions November 0.1 -0.2

13:30 U.S. International Trade, bln November -40.6 -40.2

15:00 Canada Ivey Purchasing Managers Index December 53.7 55.0

21:30 U.S. API Crude Oil Inventories January -5.7

22:30 Australia AiG Performance of Construction Index December 55.2