European currency strengthened against the U.S. dollar, which has helped to publish data on Germany and the ECB's monthly economic report.

The Federal Statistical Office reported that by the end of June German exports rebounded, which was supported by strong demand from countries not included in the composition of the euro area, while the volume of imports unexpectedly declined, reflecting the weakness in domestic demand.

According to the report, the volume of exports, adjusted for working days and seasonal changes, rose in June by 0.6%, compared with a revised fall of May at 2%. However, the growth rate was weaker than the average forecast from the experts - at the level of 0.9 percent. As for imports, its volume decreased by 0.8%, after rising 1.4% in May, which was revised. Economists had forecast that imports will rise by 0.5%.

As a result of opposing trends in export and import trade surplus with Germany in June this correction was 15.7 billion euros in May from a revised value of 14.6 billion euros. These were better than analysts' forecasts, according to which the surplus was 15.2 billion euros.

As for the ECB bulletin, he confirmed the intention of the ECB to keep interest rates at the current (0.5%) and a lower level for a long time. Monetary policy will remain accommodative for as long as it is required in order to support the economic recovery, which is expected to grow by gradual pace over this year and next.

Meanwhile, the ECB has identified several risks to the economic recovery of the region, namely, the continuing uncertainty in global financial markets, the likelihood of a weaker-than-expected domestic and external demand and the inability of national governments in Europe to the timely and consistent implementation of the necessary reforms.

The U.S. dollar fell against major currencies after data on the U.S. labor market. At the end of last week, the number of employees in the U.S. who first applied for unemployment benefits increased slightly, rising from nearly five-year low, but remained close to levels that point to a gradual improvement in the labor market. According to the report, the seasonally adjusted number of initial claims for unemployment benefits rose in the week ended August 3, 5000, reaching 333 thousand worth noting that according to the average forecasts of experts the value of this parameter should be increased to 336 tys.Krome order it was reported that the previous week was revised upward to the level of 328 thousand to 326 thousand

The yen rose against the dollar on the fact that the Bank of Japan did not make any changes in monetary policy by abstaining from the expansion of the unprecedented stimulus programs. In this case, the Central Bank did not revise and assess the current state of the Japanese economy, and macroeconomic forecasts. The statement said the Bank of Japan, its leaders decided to wait for new signals that will clarify the situation.

Central Bank noted in a statement after the meeting that the economy "is recovering at a moderate pace," while others "as a whole gradually sent to revive growth" despite the lingering pockets of economic weakness. The Bank of Japan has also confirmed the growth of exports and drew attention to the weakening of the investment company which ceased amid rising corporate profits.

We also add that the Japanese government approved a medium-term financial plan, which includes a reduction of $ 4 trillion. yen in each of the next two years in order to achieve the national goals of financial reform in 2015 financial year.

It is learned that the government intends to achieve a primary deficit of 18.9 trillion yen in fiscal year 2014 and 15.2 trillion yen deficit in 2015 fiscal year, against 23.2 trillion. yen in the current year.

Reduce costs in conjunction with other measures, as well as optimistic goals of economic growth, should take primary deficit to around 3.3 percent of gross domestic product in 2015 fiscal year, - the government of the country. That is, the rate should be reduced by half compared with 6.6 percent in fiscal year 2010.

However, the plan assumes that the government should take additional measures and balance the budget by 2020 financial year, as according to the latest plan primary balance will still be minus 2.0 per cent of GDP in that year.

European stocks rose on the data on the trade balance in China and Germany.

As recent data, which were presented by the Federal Statistical Office on the basis of German exports rebounded in June, which was supported by strong demand from countries not included in the composition of the euro area, while the volume of imports unexpectedly declined, reflecting the weakness in domestic demand.

According to the report, the volume of exports, adjusted for working days and seasonal changes, rose in June by 0.6%, compared with a revised fall of May at 2%. However, the growth rate was weaker than the average forecast from the experts - at the level of 0.9 percent. As for imports, its volume decreased by 0.8%, after rising 1.4% in May, which was revised. Economists had forecast that imports will rise by 0.5%.

According to another report, the volume of China's July exports rose by 5.1% compared to the same period last year, after falling 3.1% in June, while imports increased by 10.9% after the June decline to 0 7%. We also add that many analysts had expected growth of exports last month by 2.8% and imports increased by 1.3%. In addition, it was reported that the July trade surplus fell to $ 17.8 billion from $ 27.13 billion a month earlier, while the market expected an average of $ 26.2 billion

FTSE 100 6,529.68 +18.47 +0.28%, CAC 40 4,064.32 +25.83 +0.64%, DAX 8,318.32 +57.84 +0.70%

Deutsche Telekom increased by 7.7%. Germany's largest phone company said revenue rose by 5.4% to 15.2 billion euros ($ 20.3 billion), exceeding analysts' forecasts at 14.6 billion euros. Net income rose by 10% to 530 million euros, compared with a year earlier.

Commerzbank rose by 15.7%. The second largest bank in Germany reported that second-quarter net profit of 43 million euros, compared with 270 million euros in the second quarter of last year, exceeding the average estimate of experts at 4.6 million euros.

Adecco SA rose 3.1% after the world's largest supplier of temporary workers reported an increase in profit and said it sees positive signs for business, as the labor market is stabilizing in Europe. The data showed that second-quarter net income rose 12% to 126 million euros, exceeding the assessment of experts at 112.1 million euros.

Nestle SA fell 2.1% after the world's largest food company reported the slowest sales growth in the first half of the year for the last four years. Sales increased by 4.1 percent, excluding acquisitions, divestments and currency changes. According to forecasts, the growth was 4.5%.

West Texas Intermediate crude fell for a fifth day, the longest stretch of declines since December, as better-than-expected U.S. jobless claims raised concern that the Federal Reserve will trim stimulus measures.

Prices dropped as much as 2 percent. About 333,000 American workers applied for unemployment benefits last week, below the 335,000 estimate by economists in a survey. The Fed may begin curbing bond purchases in September, Fed Bank of Chicago President Charles Evans said Aug. 6. U.S. crude output jumped last week to the highest level since 1989, government data showed yesterday.

WTI for September delivery slid $1.89, or 1.8 percent, to $102.48 a barrel at 10:39 a.m. on the New York Mercantile Exchange. The volume of all futures traded was 6 percent above the 100-day average. Prices last slid for five consecutive days in the period ended Dec. 10.

Brent for September settlement slipped $1.36, or 1.3 percent, to $106.08 a barrel on the London-based ICE Futures Europe exchange. Volume was 1 percent lower than the 100-day average.

Gold prices have won back the losses incurred earlier in the session, due to the weak dollar and short covering.

Prices rise a second day after falling to a three-week low on Wednesday morning, prompting fears that the Fed will reduce incentives in September.

The dollar to a basket of world currencies is close to a minimum of seven weeks due to investor uncertainty in terms of reducing the incentive program the Fed. The president of the Federal Reserve Bank of Cleveland Sandra Pianalto said on Wednesday that the central bank is ready to reduce the volume of buying up assets, if the situation on the labor market will continue to improve.

Posted on Thursday, a report showed that in the U.S. the number of Americans who first filled the application form for unemployment benefit, was the week of August 3, 333 thousand vs. 336 thousand Repeated applications for benefits for the week of July 27 has also increased to 3,018 million . vs. 2.950 million

Decline in gold prices earlier in the week caused a rise in interest from buyers in China, which this year may overtake India as the world's largest consumer of gold.

The cost of the October gold futures on COMEX today rose to $ 1307.80 per ounce.

EUR/USD $1.3350

USD/JPY Y95.00, Y97.00, Y97.10

GBP/USD $1.5300, $1.5315, $1.5340/45, $1.5410, $1.5430, $1.5500

EUR/GBP stg0.8800

AUD/USD $0.9000, $0.9035, $0.9080, $0.9100, $0.9115, $0.9125

EUR/AUD A$1.4950

U.S. stocks rose as China’s trade data topped forecasts and investors weighed the latest jobless-claims report.

Global Stocks:

Nikkei 13,605.56 -219.38 -1.59%

Hang Seng 21,655.88 +67.04 +0.31%

Shanghai Composite 2,044.9 -1.88 -0.09%

FTSE  6,531.93 +20.72 +0.32%

CAC  4,059.1 +20.61 +0.51%

DAX 8,323.57 +63.09 +0.76%

Crude oil $103.85 -0.50%

Gold $1293.10 +0.61%

Data

01:30 Australia Unemployment rate July 5.7% 5.8% 5.7%

01:30 Australia Changing the number of employed July +10.3 +6.2 -10.2

02:00 China Trade Balance, bln July 27.1 26.2 17.8

02:30 Japan BoJ Interest Rate Decision 0.10% 0.10% 0.10%

02:30 Japan Bank of Japan Monetary Base Target 270 270

02:30 Japan BoJ Monetary Policy Statement

05:00 Japan Eco Watchers Survey: Current July 53.0 53.5 53.2

05:00 Japan Eco Watchers Survey: Outlook July 53.6 54.1 53.6

05:45 Switzerland Unemployment Rate July 3.2% 3.2% 3.2%

06:00 Germany Trade Balance June 14.1 15.2 15.7

06:00 Germany Current Account June 11.2 17.0 17.3

07:30 Japan BOJ Press Conference

08:00 Eurozone ECB Monthly Report August

European currency strengthened against the U.S. dollar, which has helped to publish data on Germany and the ECB's monthly economic report.

The Federal Statistical Office reported that up to June of the year German exports rebounded, which was supported by strong demand from countries not included in the composition of the euro area, while the volume of imports unexpectedly declined, reflecting the weakness in domestic demand.

According to the report, the volume of exports, adjusted for working days and seasonal changes, rose in June by 0.6%, compared with a revised fall of May at 2%. However, the growth rate was weaker than the average forecast from the experts - at the level of 0.9 percent. As for imports, its volume decreased by 0.8%, after rising 1.4% in May, which was revised. Economists had forecast that imports will rise by 0.5%.

As a result of opposing trends in export and import trade surplus with Germany in June this correction was 15.7 billion euros in May from a revised value of 14.6 billion euros. These were better than analysts' forecasts, according to which the surplus was 15.2 billion euros.

As for the ECB bulletin, he confirmed the intention of the ECB to keep interest rates at the current (0.5%) and a lower level for a long time. Monetary policy will remain accommodative for as long as it is required in order to support the economic recovery, which is expected to grow by gradual pace over this year and next.

Meanwhile, the ECB has identified several risks to the economic recovery of the region, namely, the continuing uncertainty in global financial markets, the likelihood of a weaker-than-expected domestic and external demand and the inability of national governments in Europe to the timely and consistent implementation of the necessary reforms.

The yen rose sharply against the dollar, against the background of the Bank of Japan did not make any changes in monetary policy by abstaining from the expansion of unprecedented stimulus programs. In this case, the Central Bank did not revise and assess the current state of the Japanese economy, and macroeconomic forecasts. The statement said the Bank of Japan, its leaders decided to wait for new signals that will clarify the situation.

Central Bank noted in a statement after the meeting that the economy "is recovering at a moderate pace," while others "as a whole gradually sent to revive growth" despite the lingering pockets of economic weakness. The Bank of Japan has also confirmed the growth of exports and drew attention to the weakening of the investment company which ceased amid rising corporate profits.

We also add that the Japanese government approved a medium-term financial plan, which includes a reduction of $ 4 trillion. yen in each of the next two years in order to achieve the national goals of financial reform in 2015 financial year.

It is learned that the government intends to achieve a primary deficit of 18.9 trillion yen in fiscal year 2014 and 15.2 trillion yen deficit in 2015 fiscal year, against 23.2 trillion. yen in the current year.

Reduce costs in conjunction with other measures, as well as optimistic goals of economic growth, should take primary deficit to around 3.3 percent of gross domestic product in 2015 fiscal year, - the government of the country. That is, the rate should be reduced by half compared with 6.6 percent in fiscal year 2010.

However, the plan assumes that the government should take additional measures and balance the budget by 2020 financial year, as according to the latest plan primary balance will still be minus 2.0 per cent of GDP in that year.

The cost of the Australian dollar sharply higher against its U.S. counterpart, which has helped to publish a positive report on Australia.

As shown by the data, which were presented the Australian Bureau of Statistics, the unemployment rate in Australia has not changed in July, but many workers have lost their jobs, creating concerns about slowing economic growth.

According to the report, the seasonally adjusted unemployment rate was at 5.7% last month. Economists had expected the unemployment rate will stay at around 5.8%.

In addition, it was reported that the number of employed fell by 10.2 thousand compared to the expected growth of 6 thousand in July, the number of employees, full-time workers fell by 6.7 million, while part-time - 3, 5 thousand bureau also reported that the labor force, or the proportion of the working population of working age, or people who are actively looking for work in July fell to 65.1% from 65.3% in June, against expectations of 65.3%.

EUR / USD: during the European session, the pair rose to $ 1.3369

GBP / USD: during the European session, the pair fluctuates within a narrow range

USD / JPY: during the European session, the pair fell to Y96.09

At 12:30 GMT Canada will present the price index for housing in the primary market in June. At 17:00 GMT the United States places the 30-year bonds. At 23:50 GMT Japan will release the index of activity in the service sector in June.

EUR/USD

Offers $1.3480/85, $1.3450/60, $1.3417, $1.3395-410, $1.3370/75

Bids $1.3330, $1.3305/290, $1.3280, $1.3245/40, $1.3235/30

GBP/USD

Offers $1.5650/60, $1.5620/30, $1.5595/605, $1.5580, $1.5530/50

Bids $1.5485/80, $1.5455/50, $1.5435/30, $1.5410/00, $1.5370

AUD/USD

Offers $0.9190/00, $0.9150, $0.9125, $0.9100, $0.9090

Bids $0.9020, $0.9000, $0.8955/50, $0.8900, $0.8880/75

USD/JPY

Offers Y98.00, Y97.45/50, Y97.20, Y96.90/00, Y96.65/70

Bids Y96.00, Y95.90, Y95.80, Y95.50, Y95.42

EUR/JPY

Offers Y130.00, Y129.73/75, Y129.50, Y129.23/39, Y128.75/80

Bids Y128.00, Y127.90, Y127.50, Y127.20, Y127.00

EUR/GBP

Offers stg0.8675, stg0.8640/45, stg0.8630, stg0.8623

Bids stg0.8580, stg0.8540, stg0.8500, stg0.8485/80

European stocks were little changed as an increase in Chinese exports offset investor concerns the Federal Reserve will pare bond purchases this year. U.S. stock futures and Asian shares were also little changed.

The Stoxx Europe 600 Index rose less than 0.1 percent to 302.75 at 8:30 a.m. in London. The benchmark has rallied 9.8 percent since June 24 as the Federal Reserve, European Central Bank and the Bank of England pledged to continue stimulus. The Stoxx 600 fell for a second day yesterday as the Bank of England said it won’t raise interest rates or reduce bond purchases until the U.K.’s jobless rate falls to 7 percent, sparking concern it expects the economic recovery to be slow.

China’s exports and imports rebounded in July more than estimated. Exports rose 5.1 percent from a year earlier, the General Administration of Customs said in Beijing today. That compared with the median estimate for a 2 percent increase in survey and June’s 3.1 percent drop. Imports rose 10.9 percent.

Fed Bank of Cleveland President Sandra Pianalto said yesterday there has been “meaningful improvement” in the labor market and that tapering may be warranted if it continues to strengthen. Fed policy makers are weighing data to determine whether the economy has improved enough to begin reducing its $85 billion in monthly bond purchases.

Deutsche Telekom added 4.2 percent to 9.43 euros. Germany’s largest telephone company said revenue climbed 5.4 percent to 15.2 billion euros ($20.3 billion), beating analyst estimates of 14.6 billion euros. Net income rose 10 percent to 530 million euros from a year earlier.

Commerzbank gained 8.9 percent to 7.21 euros. Germany’s second-largest bank reported second-quarter net income of 43 million euros, compared with 270 million euros in the second quarter of last year, beating the 4.6 million-euro average estimate of analysts.

Adecco SA (ADEN) rose 3.1 percent to 62 Swiss francs after the world’s largest provider of temporary workers, reported increased profit and said it sees positive signs for business as labor markets in Europe stabilize. Second-quarter net income rose 12 percent to 126 million euros, beating the 112.1 million-euro estimate of analysts/

Nestle SA (NESN) declined 2.1 percent to 63.35 francs after the world’s biggest food company posted the slowest first-half sales growth in four years. Sales increased 4.1 percent, excluding acquisitions, divestments and currency shifts, the Vevey, Switzerland-based company said today in a statement. The median of analysts’ estimates was for 4.5 percent growth.

FTSE 100 6,531.67 +20.46 +0.31%    

CAC 40 4,051.11 +12.62 +0.31%

DAX 8,290.35 +29.87 +0.36%   

EUR/USD $1.3350

USD/JPY Y95.00, Y97.00, Y97.10

GBP/USD $1.5300, $1.5315, $1.5340/45, $1.5410, $1.5430, $1.5500

EUR/GBP stg0.8800

AUD/USD $0.9000, $0.9035, $0.9080, $0.9100, $0.9115, $0.9125

EUR/AUD A$1.4950

Asian stocks outside Japan rose after Chinese exports grew more than forecast. Japanese shares sank as the yen strengthened after the Bank of Japan maintained its stimulus policy.

Nikkei 225 13,605.56 -219.38 -1.59%

Hang Seng 21,644.96 +56.12 +0.26%

S&P/ASX 200 5,064.8 +53.50 +1.07%

Shanghai Composite 2,044.9 -1.88 -0.09%

BHP Billiton Ltd., the world’s No. 1 mining firm, gained 1.2 percent in Sydney.

Kubota Corp. climbed 1.6 percent after profit at the Japanese tractor maker surged 50 percent, topping analyst forecasts.

Telstra Corp. gained 2.4 percent as Australia’s largest phone company posted earnings that beat analyst estimates after luring subscribers to its wireless services.

01:30 Australia Unemployment rate July 5.7% 5.8% 5.7%

01:30 Australia Changing the number of employed July +10.3 +6.2 -10.2

02:00 China Trade Balance, bln July 27.1 26.2 17.8

02:30 Japan BoJ Interest Rate Decision 0.10% 0.10% 0.10%

02:30 Japan Bank of Japan Monetary Base Target 270 270

02:30 Japan BoJ Monetary Policy Statement

05:00 Japan Eco Watchers Survey: Current July 53.0 53.5 53.2

The yen retreated from a seven-week high after Japan reported a narrower-than-expected surplus for the broadest measure of trade and the central bank maintained its bond-buying program.

The yen fell against all of its 16 major peers after a report showed Japanese investors bought foreign bonds for a fifth-straight week in the period ended Aug. 2. The Bank of Japan maintained its plan to increase the monetary base by up to 70 trillion yen ($724 billion) annually to stoke inflation.

Japan’s current-account surplus was 336.3 billion yen in June, Finance Ministry data showed today, trailing the 400 billion yen median estimate in a Bloomberg News survey of economists. The balance fell 20.3 percent from a year ago compared to an estimated 3.5 percent decline.

The euro was supported before a German report that will probably show exports outpaced imports by 15 billion euros ($20 billion) in June, according to the median estimate of economists. The current account surplus rose to 16 billion euro, the poll projects. European Central Bank President Mario Draghi said last week economic indicators signal the currency bloc is past the worst of its longest-ever recession, while reiterating that interest rates will stay low for the foreseeable future.

EUR / USD: during the Asian session the pair traded in the range of $ 1.3325-45

GBP / USD: during the Asian session the pair traded in the range of $ 1.5485-00

USD / JPY: during the Asian session the pair rose to Y96.95

Market now set for the Kuroda press conference at 0630GMT (usually a closed session with headlines to follow).

Change % Change Last

GOLD 1,286.10 2.90 0.23%

OIL (WTI) 104.17 -1.13 -1.07%

Nikkei 225 13,824.94 -576,12 -4,00%

Hang Seng 21,573.35 -350,35 -1,60%

S & P / ASX 200 5,011.3 -94,33 -1,85%

Shanghai Composite -0,67 -13,72 2,046.78%

FTSE 100 6,511.21 -93.00 -1.41%

CAC 40 4,038.49 +5.92 +0.15%

DAX 8,260.48 -39.25 -0.47%

DJIA 15,470.70 -48.07 -0.31%

S&P 500 1,690.93 -6.44 -0.38%

NASDAQ 3,654.01 -11.76 -0.32%

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

EUR/USD $1,3337 +0,22%

GBP/USD $1,5488 +0,90%

USD/CHF Chf0,9213 -0,48%

USD/JPY Y96,37 -1,45%

EUR/JPY Y128,51 -1,24%

GBP/JPY Y149,25 -0,53%

AUD/USD $0,8992 +0,13%

NZD/USD $0,7957 +0,67%

USD/CAD C$1,0422 +0,46%

01:30 Australia Unemployment rate July 5.7% 5.8%

01:30 Australia Changing the number of employed July +10.3 +6.2

02:00 China Trade Balance, bln July 27.1 26.2

02:30 Japan BoJ Interest Rate Decision 0.10% 0.10%

02:30 Japan Bank of Japan Monetary Base Target 270

02:30 Japan BoJ Monetary Policy Statement

05:00 Japan Eco Watchers Survey: Current July 53.0 53.5

05:00 Japan Eco Watchers Survey: Outlook July 53.6 54.1

05:45 Switzerland Unemployment Rate July 3.2% 3.2%

06:00 Germany Trade Balance June 14.1 15.2

06:00 Germany Current Account June 11.2 17.0

07:30 Japan BOJ Press Conference

08:00 Eurozone ECB Monthly Report August

12:30 Canada New Housing Price Index June +0.1% +0.3%

12:30 U.S. Initial Jobless Claims July 326 336

23:50 Japan All Industry Activity Index, m/m June 1.2% -0.2%