The dollar rose against the euro, which helped to published U.S. data. According to a report released by the Department of Labor on Friday, May employment in the U.S. rose slightly more than economists expected. The report said that in May, the number of jobs outside the agricultural sector in the U.S. in May rose by 175 thousand after downwardly revised increase of 149 thousand jobs in April. Economists had expected employment to increase by about 163 thousand jobs compared to the addition of 165 thousand jobs, which originally reported for the previous month.

Despite the continued growth in the number of jobs, the unemployment rate rose to 7.6% in May from 7.5% in April, reflecting an increase in the labor force.

Also, a report showed the number of jobs in the private sector in the U.S. in May increased by 179 thousand, while the number of jobs in the U.S. manufacturing in May declined by 8 thousand, and in the service sector increased by 176 thousand number of jobs in the budget U.S. in May decreased by 3 thousand, and the federal decreased by 14 thousand total duration of the working week in the U.S. in May was unchanged at 34.5 hours Average hourly earnings in the U.S. in May rose 0.01 dollars to 23.89 dollars

The yen fell sharply against the dollar after data on U.S. employment by stimulating growth of USD / JPY to new intraday highs around 97.80. Data on the number of jobs that were higher than expected, caused a rapid increase in the U.S. dollar, with traders immediately responded by linking data with the results of the recent Fed projections on the reduction of purchase of shares. Experts still predict that the yen is likely to decline again due to weak economic data. The policy of aggressive monetary stimulus the Bank of Japan to influence the yen weakened capital outflows from Japan in the coming years, especially against the background of the global economic recovery.

The Canadian dollar rose against the U.S. dollar, which has been associated with the publication of the Canadian data. As it became known, labor productivity in Canada in the 1st quarter grew by 0.2% q / q, this is the best figure since the fourth quarter of 2011. The growth occurred after 0.1% growth in the previous three months. In this case, the unit cost of labor for the first time in six quarters fell by 0.1% q / q Canada's unemployment rate in May was 7.1% against 7.2% in April. The number of jobs in Canada in May increased by 95 thousand compared with April. Economists had expected an increase of 17.3 million The number of jobs to full-time employment in Canada in May grew by 76.7 thousand, underemployment 18.2 million Average hourly earnings in Canada in May rose by 2.3% y / y g The labor force in Canada in May increased by 80.9 thousand people, compared with April. The share of economically active population in Canada in May was 66.7% versus 66.5% in April.

European stocks advanced, rebounding after the Stoxx Europe 600 Index fell to its lowest level in more than six weeks yesterday, as a U.S. report showed employers added more workers last month than forecast.

The Stoxx 600 climbed 1.3 percent to 295.4 at the close of trading. The benchmark gauge still fell 1.8 percent this week, its biggest weekly drop since April, amid growing speculation the Federal Reserve will scale back monetary stimulus measures as soon as September.

Payrolls in the world's biggest economy rose 175,000 in May after a revised 149,000 increase in April that was smaller than first estimated, a report from the Labour Department showed. The median forecast called for a 163,000 gain last month. The unemployment rate rose to 7.6 percent from a four-year low of 7.5 percent as more Americans entered the labour force.

Curtail StimulusFed Chairman Ben S. Bernanke in May suggested the central bank could curtail its bond buying if the job market improves in a "real and sustainable way."

In Germany, the Bundesbank cut its forecasts for growth in Europe's largest economy for this year and next. The Frankfurt-based central bank reduced its 2013 growth projection to 0.3 percent from the 0.4 percent predicted in December, and said the economy would expand by 1.5 percent in 2014, compared with the previous estimate of 1.9 percent.

National benchmark indexes gained in 16 of the 18 western-European markets today.

FTSE 100 6,411.99 +75.88 +1.20% CAC 40 3,872.59 +58.31 +1.53% DAX 8,254.68 +155.87 +1.92%

Severn Trent rallied 2.5 percent to 2,070 pence in London after a consortium of investors including Kuwait Investment Office, Borealis Infrastructure Management Inc. and Britain's Universities Superannuation Scheme raised their offer for the U.K. utility to 5.3 billion pounds ($8.22 billion).

Elan gained 5.3 percent to 9.97 euros in Dublin after Royalty Pharma increased its offer to buy the Irish drugmaker by 5 percent to $6.7 billion. The all-cash bid of $13 per American depositary receipt is higher than a previous bid of $12.50 and compares with the $12.68 closing price on June 6.

KPN rallied 6 percent to 1.55 euros. Sanford Bernstein raised its recommendation on the Dutch phone operator partly owned by Carlos Slim's America Movil SAB to outperform from market perform, meaning investors should buy the shares.

Ipsen rose 2.1 percent to 27.60 euros after Goldman Sachs upgraded its rating on the French drugmaker to buy from neutral, citing a turning point in its transition to growth.

Belgacom SA added 2.9 percent to 17.44 euros. Morgan Stanley raised the stock to equal weight from underweight, saying the stock has fallen 30 percent from its peak last year and that even if it cut its dividend by about 31 percent, it would still yield 9 percent.

Hochtief AG (HOT) declined 2 percent to 50.58 euros. Berenberg Bank AG reduced its recommendation on Germany's biggest builder to hold from buy, citing a worsening outlook for Australian construction and mining.

Oil prices rose, with rising above $ 104 a barrel, after U.S. jobs data confirmed that the U.S. economy continues to gain momentum.

It is learned that the U.S. employers added 175,000 jobs in May, but the unemployment rate rose to 7.6% from 7.5% in April.

Economists had forecast that payrolls will rise by 163,000 and the unemployment rate will be the same.

These come at a time when the economic recovery showed some signs of slowing down. The Federal Reserve believes that the ability to create jobs is strong enough to start reducing their purchases of bonds.

Fed's massive bond purchases have been a boon for the financial markets, so investors with sadness the statement by Fed chairman Ben Bernanke last month that the central bank may decide to start slowing down the pace of bond purchases at one of his "closest meetings," if the economy continues to improve. As a result, recent data have been carefully studied for signs that the government's spending cuts and tax increases could undermine the recovery, especially after the new series of federal spending cuts known as sequestration, which entered into force on 1 March. Gauges of manufacturing activity continued to show strengthening.

We also add that the news of the fall in U.S. crude inventories also supported prices. The data showed that oil stocks at Cushing, Oklahoma, fell by more than 1 million barrels per day from May 31 to June 4.

The cost of the July futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 95.73 dollars a barrel on the New York Mercantile Exchange.

July futures price for North Sea Brent crude oil mixture rose $ 0.95 to $ 104.47 a barrel on the London exchange ICE Futures Europe.

Gold prices declined significantly, losing at the same time by more than 2% after the employment data in the U.S. were higher than forecasts of experts, supporting hopes that the recovery in the largest economy in the world is still on track.

According to a report released by the Ministry of Labor, employment in May in the United States rose slightly more than expected by economists., The report said that in May, the number of jobs outside the agricultural sector in the U.S. in May rose by 175 thousand after a downwardly revised increase of 149 thousand jobs in April.

Economists had expected employment to increase by about 163 thousand jobs compared to the addition of 165 thousand jobs, which originally reported for the previous month. Despite the continued growth in the number of jobs, the unemployment rate rose to 7.6% in May from 7.5% in April, reflecting an increase in the labor force.

Also, a report showed the number of jobs in the private sector in the U.S. in May increased by 179 thousand, while the number of jobs in the U.S. manufacturing in May declined by 8 thousand, and in the service sector increased by 176 thousand number of jobs in the budget U.S. in May decreased by 3 thousand, and the federal decreased by 14 thousand

Meanwhile, economists say that the latest report can expedite the completion of the Fed's quantitative easing program.

In addition, it is worth noting that the price of gold affects the situation in India, where the government continues its efforts to curb the import of gold. It was learned that the Reserve Bank of India has extended the restrictions on loans secured by gold coins per customer for all co-operative banks. This came after India announced another increase in its import duty on gold earlier this week.

The data also showed that the stocks in the SPDR Gold Trust fell yesterday by 2.7 tons to 1,007.74, while the outflow resumed, after during the week stocks remained unchanged.

The cost of the August gold futures on COMEX today dropped to 1384.30 dollars an ounce.

Britons' inflation expectations for the year ahead stayed at 3.6 percent in May, unchanged from February, results of a quarterly survey by the Bank of England and GfK NOP revealed Friday.

According to the Inflation Attitudes Survey, inflation will then fall to 3.3 percent in the 12 months after that. Inflation expectations for a longer-term, say in five years time, came in at 3.6 percent, the same rate as seen in the previous survey period.

When asked about the future path of interest rates, 34 percent of respondents said they expect rates to rise over the next 12 months, compared with 36 percent in February. Only 5 percent forecasts rates to fall.

By a margin of 68 percent to 6 percent, survey respondents believed that the economy would end up weaker rather than stronger if prices started to rise faster, compared with 71 percent to 5 percent in February.

EUR/USD $1.3250, $1.3300

USD/JPY Y96.50, Y97.00, Y97.50, Y98.00

GBP/USD $1.5500

USD/CHF Chf0.9300, Chf0.9400

AUD/USD $0.9450, $0.9500, $0.9550

USD/CAD C$1.0170

U.S. stock-index futures rose after a report showed employment increased more than forecast in May and the jobless rate climbed from a four-year low as more Americans entered the labor force.

Global Stocks:

Nikkei 12,877.53 -26.49 -0.21%

Hang Seng 21,575.26 -263.17 -1.21%

Shanghai Composite 2,210.9 -31.21 -1.39%

FTSE 6,365.97 +29.86 +0.47%

CAC 3,835.1 +20.82 +0.55%

DAX 8,150.07 +51.26 +0.63%

Crude oil $94.09 -0.71%

Gold $1392.80 -1.62%

Upgrades:

Downgrades:

Intel (INTC) downgraded from Neutral to Underweight at Piper Jaffray

Other:

Microsoft (MSFT) reiterated at Outperform at Oppenheimer, target raised from $34 to $39

06:00 Germany Current Account April 20.2 13.0 17.6

06:00 Germany Trade Balance April 17.6 16.5 17.7

06:45 France Trade Balance, bln April -4.7 -4.4 -4.5

07:00 Switzerland Foreign Currency Reserves May 436.1 440.0 441.4

08:30 United Kingdom Consumer Inflation Expectations Quarter II +3.6% +3.6%

08:30 United Kingdom Trade in goods April -9.2 -8.8 -8.2

10:00 Germany Industrial Production s.a. (MoM) April +1.2% 0.0% +1.8%

10:00 Germany Industrial Production (YoY) April -2.5% -0.8% +1.0%

The euro exchange rate is kept in the range, disregarding block statistics on the trade balance and industrial production in Germany.

Data from the Federal Statistical Office of Germany has shown that the growth of German exports gained momentum in April, which is further evidence of recovery in Europe's largest economy. Reported exports of Germany in April rose by 1.9% compared with March, while imports increased by 2.3%. Both figures are adjusted for seasonal variations and the number of working days. These data suggest that the increase in global demand benefit the companies in the country, in addition, domestic demand is also increasing.

Data from the Ministry of Economy of Germany showed that industrial production in Germany exceeded expectations in April, thanks to the activity in the construction sector. This is another proof of the accelerating pace of recovery of economic growth in Europe's largest economy. According to the data, industrial production in Germany in April increased for the third consecutive month, up 1.8% compared with March. Economists had expected the index to remain unchanged from the previous month. Manufacturing output increased by 1.5% compared with March, adjusted for seasonal variations and the number of working days. Production in the construction sector jumped 6.7% after a decline in the winter.

The pound also traded without a trend. According to the data, the UK trade deficit was 8.2 billion pounds (12.8 billion dollars), compared to 9.2 billion pounds in the previous month. Economists had forecast a deficit reduction to 8.8 billion pounds. Improving the balance of foreign trade in the UK in April was due to the reduction in imports by 1.3 billion pounds, rather than export growth. In April, exports of the UK fell by 400 million feet.

The yen continues to strengthen after Finance Minister Taro Aso that while interventions in the domestic currency market are planned. The Minister said that in the near future, he does not intend to intervene in the foreign exchange market to counter the recent restoration of the Japanese currency. It's a rare occasion when a representative of the Japanese authorities to publicly rule out intervention after the sharp appreciation of the currency. "I've been following it, but does not intend to intervene or take action in the near future just because of this" - Aso said at a press conference after a regular cabinet meeting, when asked about the sharp rise in the Japanese currency before the start of today's session.

EUR / USD: during the European session, the pair is trading in the range of $ 1.3223 - $ 1.3270

GBP / USD: during the European session, the pair is trading in the range of $ 1.5555 - $ 1.5620

USD / JPY: during the European session, the pair fell to Y95.28

At 12:30 GMT in Canada will the unemployment rate, change in the number of employees, change in the number of full-time and part-time jobs in May, the change in labor productivity for the 1st quarter. At 12:30 GMT the U.S. will release the unemployment rate, change in the number of employed in non-agricultural sector, changes in the number of employees in the private sector of the economy, changes in the number of employees in the manufacturing sector of the economy, change in average hourly wages, the total revision of employment for 2 months in May.

European stocks were little changed, after the Stoxx Europe 600 Index fell to its lowest level in more than six weeks, as investors awaited U.S. labor data.

In Germany, the Bundesbank cut its forecasts for growth in Europe's largest economy for this year and next. The Frankfurt-based central bank reduced its 2013 growth projection to 0.3 percent from the 0.4 percent predicted in December, and said the economy would expand by 1.5 percent in 2014, compared with the previous estimate of 1.9 percent.

KPN rallied 5.1 percent to 1.53 euros. Sanford Bernstein raised its recommendation on the Dutch phone operator partly owned by Carlos Slim's America Movil SAB to outperform from market perform, meaning investors should buy the shares.

Ipsen rose 2.1 percent to 27.61 euros after Goldman Sachs upgraded its rating on the French drugmaker to buy from neutral, citing a turning point in its transition to growth.

Deutsche Telekom climbed 0.9 percent to 8.76 euros. Ulrich Rathe, an analyst at Jefferies, raised the stock to buy from hold and increased his price estimate by 23 percent to 9.70 euros, citing the company's structural changes.

FTSE 100 6,327.36 -8.75 -0.14%

CAC 40 3,808.97 -5.31 -0.14%

DAX 8,069.99 -28.82 -0.36%

EUR/USD $1.3000, $1.3050, $1.3100, $1.3125, $1.3250, $1.3300

USD/JPY Y97.50, Y98.00, Y99.00, Y99.25, Y99.50

GBP/USD $1.5350, $1.5400, $1.5500

USD/CHF Chf0.9300, Chf0.9400, Chf0.9500

AUD/USD $0.9450, $0.9550

USD/CAD C$1.0170, C$1.0300, C$1.0310, C$1.0400

Most Asian stocks dropped as Japanese exporters retreated after the yen's biggest surge in three years weighed on their earnings outlook. Japan's Topix index pared declines as the Government Pension Investment Fund held a briefing about proposed changes.

Nikkei 225 12,877.53 -26.49 -0.21%

S&P/ASX 200 4,737.7 -43.47 -0.91%

Shanghai Composite 2,210.9 -31.21 -1.39%

Honda Motor Co., which gets 83 percent of its sales overseas, slipped 3.9 percent.

Newcrest Mining Ltd. slumped 7.6 percent as Australia's biggest gold producer said it will write down the value of its mines by as much as A$6 billion ($5.7 billion).

Texhong Textile Group Ltd. surged 8 percent toward a record in Hong Kong after the fabric maker said earnings may jump.

The yen extended its biggest gain in three years after Japanese Finance Minister Taro Aso said he wouldn't intervene to weaken the currency.

The dollar held near its lowest in more than three months versus the euro before payrolls data in the U.S. that will offer guidance on whether the Federal Reserve can pursue an early exit to monetary stimulus that tends to debase the currency. In the U.S., the Labor Department will probably say today the economy added 163,000 jobs in May, while the jobless rate held unchanged at 7.5 percent, according to median forecasts in a Bloomberg News survey of economists. That will follow June 5 figures from ADP that U.S. companies boosted employment by 135,000 workers last month, trailing analyst estimates.

The Aussie dollar fell against its 16 most-traded peers before Chinese data tomorrow forecast to show growth in imports slowed to the least in three months, dimming the demand outlook for commodities. Imports (CNFRIMPY) grew 6.6 percent in May compared with a year earlier, according to a poll of economists. Imports gained 16.8 percent in April.

EUR / USD: during the Asian session the pair was trading around $ 1.3075/95

GBP / USD: during the Asian session the pair traded in the range of $ 1.5575-15

USD / JPY: during the Asian session the pair fell to Y95.60

The median forecast of all respondents in the MNI US Employment Report Survey was for a payroll number of 160,000 - very close to the MNI economist survey median forecast of 165,000 The median forecast for private payrolls was also just under the MNI economist survey median forecast at 170,000 compared to 177,000 There was a strong agreement across respondents that the jobless rate would remain at 7.5%. Within roles, brokers and economists were generally more optimistic for a higher payroll figure than traders. Within asset class, respondents whose main asset class was FX were also more optimistic than those in Fixed Income. Regarding the "question of the day" which we asked amid a background of current taper-on/taper-off and risk-on/risk-off sentiment, where strong data has in the past been bullish for stocks, but now seen as increased chances the Fed may to start to taper its asset purchases under its QE programme: "What do you think would be the main market impact from a strong payrolls report?" 74% of all respondents and 70% of all Fixed Income respondents said the main market impact would be for higher bond yields.

Change % Change Last

Nikkei 225 12,904.02 -110.85 -0.85%

S&P/ASX 200 4,781.2 -54.01 -1.12%

Shanghai Composite 2,242.9 -28.03 -1.23%

FTSE 100 6,336.11 -83.20 -1.30%

CAC 40 3,814.28 -38.16 -0.99%

DAX 8,098.81 -97.37 -1.19%

Dow +80.03 15,040.62 +0.53%

Nasdaq +22.57 3,424.05 +0.66%

S&P +13.59 1,622.49 +0.84%

Change % Change Last

GOLD 1,415.70 17.30 1.24%

OIL (WTI) 94.61 0.87 0.93%

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

EUR/USD $1,3238 +1,11%

GBP/USD $1,5581 +1,12%

USD/CHF Chf0,9304 -1,24%

USD/JPY Y97,45 -1,74%

EUR/JPY Y128,98 -0,65%

GBP/JPY Y151,79 -0,61%

AUD/USD $0,9557 +0,25%

NZD/USD $0,7982 +0,14%

USD/CAD C$1,0272 -0,67%

05:00 Japan Leading Economic Index April 97.9 98.8

05:00 Japan Coincident Index April 93.8 94.9

06:00 Germany Current Account April 20.2 13.0

06:00 Germany Trade Balance April 17.6 16.5

06:45 France Trade Balance, bln April -4.7 -4.4

07:00 Switzerland Foreign Currency Reserves May 433.6 440.0

08:30 United Kingdom Consumer Inflation Expectations Quarter II +3.6%

08:30 United Kingdom Trade in goods April -9.1 -8.8

10:00 Germany Industrial Production s.a. (MoM) April +1.2% 0.0%

10:00 Germany Industrial Production (YoY) April -2.5% -0.8%

12:30 Canada Labor Productivity Quarter I +0.1% +0.3%

12:30 Canada Unemployment rate May 7.2% 7.1%

12:30 Canada Employment May 12.5 17.3

12:30 U.S. Average workweek May 34.4 34.5

12:30 U.S. Average hourly earnings May +0.2% +0.2%

12:30 U.S. Unemployment Rate May 7.5% 7.5%

12:30 U.S. Nonfarm Payrolls May 165 163

19:00 U.S. Consumer Credit April 8.0 13.4