(raw materials / closing price /% change)

Oil 60.42 -2.22%

Gold 1,320.80 +0.47%

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

Nikkei +245.49 21890.86 +1.13%

TOPIX +15.78 1765.69 +0.90%

Hang Seng +128.07 30451.27 +0.42%

CSI 300 -38.45 4012.05 -0.95%

Euro Stoxx 50 -77.22 3377.30 -2.24%

FTSE 100 -108.73 7170.69 -1.49%

DAX -330.14 12260.29 -2.62%

CAC 40 -104.22 5151.68 -1.98%

DJIA -1032.89 23860.46 -4.15%

S&P 500 -100.66 2581.00 -3.75%

NASDAQ -274.82 6777.16 -3.90%

S&P/TSX -264.97 15065.61 -1.73%

(pare/closed(GMT +2)/change, %)

EUR/USD $1,2246 -0,15%

GBP/USD $1,3911 +0,22%

USD/CHF Chf0,93597 -0,76%

USD/JPY Y108,75 -0,53%

EUR/JPY Y133,18 -0,68%

GBP/JPY Y151,277 -0,32%

AUD/USD $0,7780 -0,51%

NZD/USD $0,7217 -0,23%

USD/CAD C$1,26012 +0,29%

00:30 Australia Home Loans December 2.1% -1.1%

00:30 Australia RBA Monetary Policy Statement

01:30 China PPI y/y January 4.9% 4.4%

01:30 China CPI y/y January 1.8% 1.5%

04:30 Japan Tertiary Industry Index December 1.1% 0%

06:45 Switzerland Unemployment Rate (non s.a.) January 3.3% 3.4%

07:45 France Industrial Production, m/m December -0.5% 0.1%

09:30 United Kingdom Industrial Production (MoM) December 0.4% -0.9%

09:30 United Kingdom Industrial Production (YoY) December 2.5% 0.3%

09:30 United Kingdom Manufacturing Production (YoY) December 3.5% 1.2%

09:30 United Kingdom Manufacturing Production (MoM) December 0.4% 0.3%

09:30 United Kingdom Total Trade Balance December -2.804 -3.84

13:00 United Kingdom NIESR GDP Estimate January 0.6% 0.3%

13:30 Canada Unemployment rate January 5.7% 5.8%

13:30 Canada Employment January 78.6 10

15:00 U.S. Wholesale Inventories December 0.8% 0.2%

18:00 U.S. Baker Hughes Oil Rig Count February 765

Major US stock indices fell significantly on Thursday, which was due to correction, the need for which had long been brewing, and with the increase in yield of government bonds against the background of increased inflation expectations

The focus was also on US data and statements by Fed officials Kashkari, Harker, and Dudley. As it became known, the number of Americans applying for unemployment benefits unexpectedly fell last week, dropping to the lowest level in almost 45 years, as the labor market becomes even tougher, reinforcing the expectations of a faster growth of wages this year. Initial claims for unemployment benefits fell by 9,000 to 221,000, seasonally adjusted for the week ending February 3, the Ministry of Labor said. Primary treatment fell to 216,000 in mid-January, the lowest level since January 1973. Economists predicted that over the last week of circulation will grow to 232,000.

As for the speech of the representative of the Federal Reserve Bank of Kashkari, he said that I would not want to rush to conclusions about further increases in rates. Meanwhile, Fed representative Harker noted that the outlook for inflation is still surrounded by considerable uncertainty. In addition, Fed spokesman Dudley said that the rate increase rate depends on the indications of the economy.

All components of the DOW index finished trading in the red (30 of 30). Outsider were shares of American Express Company (AXP, -5.63%).

All sectors of the S & P index are in negative territory. The largest decrease was observed in the sector of industrial goods (-2.6%) and in the technological sector (-3.9%).

At closing:

Dow -4.15% 23,860.46 -1032.89

Nasdaq -3.90% 6,777.16 -274.82

S & P -3.75% 2.581.00 -100.66

EUR/GBP is in a crucial zone which will help us understand whether the price could start a new bearish movement or a bullish movement.

On daily time frame chart, we can see that the price is stuck in the range between 0.897 - 0.877 which we can call consolidation zone.

Our suggestion is to wait for a clear price's reaction close to the bottom of the consolidation zone which is a support level as well in order to understand which trend it might start follow.

• Small bump to U.S. GDP in 2018 from recent tax reform, adding about 0.2 pct point going forward

• He's concerned about rising federal debt level from tax reform

U.S. stock-index futures were higher on Thursday, signaling the market set sights on rebound as volatility eased after hitting its highest level in more than two-and-a-half years earlier in the week.

Global Stocks:

Nikkei 21,890.86 +245.49 +1.13%

Hang Seng 30,451.27 +128.07 +0.42%

Shanghai 3,262.15 -47.11 -1.42%

S&P/ASX 5,890.70 +13.90 +0.24%

FTSE 7,228.98 -50.44 -0.69%

CAC 5,223.37 -32.53 -0.62%

DAX 12,488.10 -102.33 -0.81%

Crude $61.58 (-0.34%)

Gold $1,316.70 (+0.16%)

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

Yandex N.V. (YNDX) resumed with a Overweight at JP Morgan; target $47

Tesla (TSLA) target raised to $400 from $340 at Dougherty & Company

Tesla (TSLA) target raised to $200 from $170 at Cowen; maintain Underperform

Walt Disney (DIS) target raised to $95 from $90 at BMO Capital Markets; Underperform

Boeing (BA) target raised to $289 from $240 at Buckingham Research; Neutral

DowDuPont (DWDP) added to Focus List at Citigroup

In December, new house prices in Canada were unchanged for the first time since April 2015. Buyers in 15 of the 27 census metropolitan areas (CMAs) surveyed saw no price change. Increases in 8 surveyed CMAs across the country were offset by declines in the remaining 4.

In the Greater Golden Horseshoe, prices for new houses were unchanged in four of the six surveyed CMAs. Guelph posted the lone increase (+0.1%). Builders in Toronto, Canada's largest CMA, have not seen increases in prices in six of the previous seven months. In the neighbouring CMA of Hamilton prices fell 0.1% in December, following four months of no change.

In the week ending February 3, the advance figure for seasonally adjusted initial claims was 221,000, a decrease of 9,000 from the previous week's unrevised level of 230,000. The 4-week moving average was 224,500, a decrease of 10,000 from the previous week's unrevised average of 234,500. This is the lowest level for this average since March 10, 1973 when it was 222,000.

Twitter (TWTR) reported Q4 FY 2017 earnings of $0.19 per share (versus $0.16 in Q4 FY 2016), beating analysts' consensus estimate of $0.14.

The company's quarterly revenues amounted to $0.732 bln (+2.0% y/y), beating analysts' consensus estimate of $0.686 bln.

TWTR rose to $33.26 (+23.6%) in pre-market trading.

Tesla (TSLA) reported Q4 FY 2017 loss of $3.04 per share (versus -$0.69 in Q4 FY 2016), beating analysts' consensus estimate of -$3.15.

The company's quarterly revenues amounted to $3.289 bln (+43.9% y/y), generally in-line with analysts' consensus estimate of $3.261 bln.

TSLA fell to $343.80 (-0.35%) in pre-market trading.

• Bank of England MPC says appropriate to set monetary policy so inflation returns to target "at a more conventional horizon"

• Inflation in three years' time at 2.11 pct (nov forecast 2.15 pct), based on market interest rates

• Inflation in two years' time at 2.16 pct (nov forecast 2.21 pct), based on market interest rates

• Inflation report shows unemployment rate at 4.1 pct in two years' time (nov 4.2 pct), based on market rates

• Brexit uncertainty weighing on uk business investment

• Estimates overall slack within economy is "very small" at just under 0.25 pct of gdp

• Policy statement makes no direct reference to appropriateness of current market expectations about interest rates

• Policymakers vote 9-0 to maintain corporate bond purchase target at 10 bln stg (poll 10 bln stg)

• Mpc says if economy grows as expected, policy will need to be tightened somewhat earlier and somewhat more than expected in november

• Inflation in one year's time at 2.28 pct (nov forecast 2.37 pct), based on market interest rates

• Some flattening of the yield curve doesn't worry me

• Highly vigilant about market volatility

• Market volatility will not in itself cause change in my views

EUR/USD

Resistance levels (open interest**, contracts)

$1.2409 (2790)

$1.2370 (1452)

$1.2324 (3148)

Price at time of writing this review: $1.2280

Support levels (open interest**, contracts):

$1.2232 (4247)

$1.2191 (6878)

$1.2145 (3487)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date February, 9 is 132852 contracts (according to data from February, 7) with the maximum number of contracts with strike price $1,2200 (6878);

GBP/USD

Resistance levels (open interest**, contracts)

$1.4108 (1245)

$1.4023 (1977)

$1.3960 (2720)

Price at time of writing this review: $1.3893

Support levels (open interest**, contracts):

$1.3839 (1252)

$1.3774 (1003)

$1.3690 (1209)

Comments:

- Overall open interest on the CALL options with the expiration date February, 9 is 43942 contracts, with the maximum number of contracts with strike price $1,3600 (3442);

- Overall open interest on the PUT options with the expiration date February, 9 is 40006 contracts, with the maximum number of contracts with strike price $1,3400 (3038);

- The ratio of PUT/CALL was 0.91 versus 0.90 from the previous trading day according to data from February, 7

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

• Says not actively monitoring crypocurrency markets, considers it a very small market

• Next interest rate move could be up or it could be down

• Sees annual CPI 1.7 pct by march 2019 (pvs 2.0 pct)

• Domestic economic growth is projected to strengthen

• NZD has firmed, assume it will ease in the period ahead

• Future headline inflation expected to tend upwards towards the midpoint of the target band

• Longer-term inflation expectations remain well anchored at around 2 percent

• Numerous uncertainties remain and monetary policy may need to adjust accordingly

• Labour market conditions continue to tighten

• GDP growth in second half is expected to strenghthen

Germany exported goods to the value of 1,279.4 billion euros and imported goods to the value of 1,034.6 billion euros in 2017. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 6.3% and imports by 8.3% in 2017 compared with 2016. In 2017, export and import levels were higher than the previous all-time highs recorded in 2016. At the time, goods to the value of 1,203.8 billion euros were exported and goods to the value of 954.9 billion euros were imported.

The foreign trade balance showed a surplus of 244.9 billion euros in 2017. In 2016, the surplus of the foreign trade balance reached an all-time high (248.9 billion euros).

European stocks finished with firm gains on Wednesday, breaking a seven-session losing run. The move tracked advances on Wall Street Tuesday and Wednesday, as U.S. equity markets managed to rally following the biggest global selloff in years. Bourses also got a lift from news that German Chancellor Angela Merkel's party and its former center-left partner agreed on a formal deal to set up a governing coalition for Europe's largest economy.

European stocks closed higher Wednesday, as markets worldwide attempted to shake off the major volatility seen in recent sessions. The pan-European Stoxx 600 closed at 2.06 percent, with all sectors and major bourses in positive territory.

Asian stocks vacillated Thursday as higher market volatility continued and investors struggled with what to make of the past week's global market selloff. Indexes in Hong Kong and China turned negative ahead of their midday break, with Shanghai's stock benchmark also turning negative for the year as large-cap stocks declined.