The pound showed mixed performance against the dollar, which was reflected in a sharp decline , and in the same unexpected increase . Note that these fluctuations were associated with questionable headlines about running LTRO Bank of England and political chaos in the United States in the absence of news about the duration , " shatdauna " and the debt ceiling.

GBP / USD pair dropped to a low of $ 1.6019 on the headlines that the Bank of England will launch something like the program LTRO, which eventually proved the misinterpretation of ordinary repo transactions . The pair then retreated above 1.6100 and peaked at 1.6123 , then lost on points known from Washington , where Republicans and Democrats are " playing with fire " is the eighth day after stopping the operation of the government.

The yen traded weaker against most major currencies on speculation that U.S. lawmakers will reach an agreement to raise the debt ceiling and avoid a default of the country , which led to a decrease in demand for refuge assets .

Note that the dynamics of trading also reflected today's data , which showed that by the end of August in Japan 's current account surplus fell much more than expected compared to the same period a year earlier , as the country's huge trade deficit outweighed the return on investment abroad.

According to the report , without seasonal adjustment, the surplus in the current account - the total of Japan's trade with the rest of the world fell by 63.7 % year on year, reaching at the same level of ¥ 161,500 billion ($ 1,670 million). Note that according to the average estimate of economists value of this indicator was only reduced to the level of ¥ 540 billion

The Ministry of Finance also reported that a significant reduction in the current account balance was a surprise because of the sudden fall in the surplus in the income balance , which fell by 10% year on year, while dropping to ¥ 1,25 bln. , Which was associated with a decrease income from direct investment. We add that this was the first time in nine months, when the surplus in the income balance has decreased on an annual basis .

Franc rose against the euro , after the head of the Swiss National Bank Thomas Jordan said that the policy to curb the growth of the Swiss franc against the euro , introduced two years ago to avoid the dangers of deflation and recession, was the correct measure to ensure price stability in the foreseeable future. Recall that the restriction of the pair EUR / CHF at 1.20 was introduced September 11, 2011 to deal with the growth of the franc , which could undermine the competitiveness of the Swiss economy, which is the eurozone 's main export market .

Jordan also added that "the risks to the global economy are still downward , and the Swiss franc is still high, and therefore the SNB maintains a minimum exchange rate ."

Minimum protection has been a major element of the SNB's monetary policy for more than two years , and last month, Jordan reiterated that this minimum rate is " a necessary measure to limit the risk ."

However, "given that short-term interest rates are near zero , the minimum rate can prevent unwanted tightening of financial conditions in the event that the pressure on the franc strengthened again " - believes Jordan .

The Canadian dollar declined significantly against its U.S. counterpart , which was associated with the release of disappointing data on Canada. At Statistics Canada reported that by the end of August trade deficit increased slightly , despite the forecasts of experts at a marked decline .

According to the report , Canada's merchandise exports in August rose by 2.1 % to 39.8 billion , and imports rose by 1.8 % to 41.1 billion , resulting in a trade deficit rose to 1.3 billion U.S. , compared to $ 1.2 billion in July.

Meanwhile, the Statistical Office reported that imports rose mainly due to energy raw materials , aircraft and other transportation equipment , and machinery. Note that the volume of imports increased by 1.2 %, while prices rose by 0.9 %. With regard to exports , its volume increased by 1.4 %, while prices rose by 0.4 %. The main contribution to growth was observed with the energy of raw materials, metallic and non-metallic mineral resources.

In addition , the data showed that exports to the U.S. grew by 1.9 % to 30.1 billion dollars , registering the highest level since December 2011 . Imports from the U.S. rose 0.1 % to $ 26.1 billion . Thus, the trade surplus with the U.S. increased from $ 3.4 billion in July to 4.0 billion in August.

European stocks fell for a second day, extending a four-week low, as investors watched the start of the U.S. earnings-reporting season and efforts to end a government shutdown in the world’s largest economy.

The Stoxx Europe 600 Index slipped 0.7 percent to 307.16 at 4:30 p.m. in London. The equity benchmark dropped 0.2 percent yesterday, to its lowest level since Sept. 9, after U.S. House Speaker John Boehner said he will attach conditions before backing a bill to increase the federal borrowing limit.

Amid a delay in the release of U.S. economic data because of the shutdown since Oct. 1, investors turn their attention to corporate earnings. Results from Alcoa Inc. after the close of markets mark the unofficial start of the U.S. quarterly reporting season. JPMorgan Chase & Co. and Wells Fargo & Co. will also report this week.

The U.S. government entered a partial shutdown Oct. 1 after Congress failed to pass a spending authorization bill for the financial year. It suspended some services and sent hundreds of thousands of workers on unpaid leave amid a disagreement between Republicans and Democrats.

The deadlock has coincided with the need to raise the government’s borrowing authority. Republicans demand changing the 2010 Affordable Care Act before doing so, while President Barack Obama has ruled out any negotiations on that aspect.

Senate Democrats plan a test vote before the end of this week on a measure that would grant Obama the authority to raise the debt limit, probably for a year unless two-thirds of both chambers of Congress disapprove. The Treasury Department has said it is likely to hit the $16.7 trillion debt ceiling Oct. 17. If that happens, the government will run out of cash to pay all of its bills at some point between Oct. 22 and Oct. 31, according to the Congressional Budget Office.

German factory orders unexpectedly fell in August, data showed. Orders, adjusted for seasonal swings and inflation, dropped 0.3 percent from July, when they fell a revised 1.9 percent, the Economy Ministry said. Economists had forecast a 1.1 percent increase in August, according to the median estimate.

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

FTSE 100 6,365.83 -71.45 -1.11% CAC 40 4,133.53 -32.05 -0.77% DAX 8,555.89 -35.69 -0.42%

Telecom Italia fell 1.8 percent to 61.7 euro cents. A reduction of the BBB- long-term rating to BB+ is the “more likely outcome” after S&P concludes its review by the end of next month, the ratings company said yesterday, citing Telecom Italia’s uncertain strategic direction after Chief Executive Officer France Bernabe quit.

TGS Nopec Geophysical plunged 15 percent to 147.50 kroner, its largest drop since August 2011. Sales for the full year will be between $810 million and $870 million, the company said. That’s down from its previous forecast for revenue in the range between $920 million and $1 billion. The oilfield surveyor cited delays in getting permits for new surveys.

Petroleum Geo-Services ASA lost 7.5 percent to 67.95 kroner, the largest decline in almost two years.

Getinge AB (GETIB) slumped 10 percent to 197.60 kronor, its biggest drop since March 2009. The maker of sterilization systems said it will probably report a consolidated profit before tax of 560 million kronor ($87 million) to 570 million kronor for the third quarter. The average estimate of analysts is for pretax profit of 765 million kronor.

Novartis AG (NOVN) slipped 1.3 percent to 67.20 Swiss francs after JPMorgan Chase cut its recommendation on the drugmaker to neutral from overweight, a rating similar to buy. The stock has rallied 17 percent so far this year, compared with a 15 percent increase for the Swiss Market Index.

Oil prices rose modestly , rising at the same time above $ 110 per barrel , due to the fiscal crisis in the United States . Add that many market participants are waiting for the publication of statistics on the dynamics of wholesale inventories of raw materials in the United States this week from the American Petroleum Institute (API).

Analysts surveyed by Platts, predict that commercial oil stocks for the week ended Oct. 4 , rose by 2.2 million barrels, while stocks of fuel - by 1.3 million barrels, almost twice the average rate for the five years the U.S. Department of Energy .

It should also be noted that the dynamics of the trade publication reflected the Chinese data. According to the latest data, which were published today HSBC / Markit Economics, at the end of last month, the growth in the Chinese non-manufacturing sector slowed slightly , against which the rate of expansion were still below its long-run trend.

According to the report , the index of business activity in the services sector fell in September to the level of 52.4 points, compared with 52.8 points in August. However, in spite of the deterioration , the index still remains above the 50-point mark that separates expansion from reduced activity . In addition, it was reported that the composite activity index , which covers the manufacturing sector and the service sector , fell to 51.2 , down from 51.8 in August.

In contrast to the results of research HSBC / Markit Economics, a formal review of the China Federation of Logistics and Purchasing showed that the non-manufacturing purchasing managers' index , which includes the services and construction, rose to a 6 -month high in September , reaching at this level 55 , 4 points.

In addition, we add that , in spite of the partial termination of the government , tomorrow U.S. Energy Information Administration is expected to release its data on oil .

The cost of the November futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 103.63 a barrel on the New York Mercantile Exchange.

November futures price for North Sea Brent crude oil mixture rose 70 cents to $ 110.30 a barrel on the London exchange ICE Futures Europe.

Gold prices rose slightly today , due to concerns about the budget issues . Note that U.S. lawmakers have begun to take the first tentative steps in the direction of increasing the debt limit the government, despite the fact that the talks between President Barack Obama and Republican leaders have led to more controversy.

U.S. President Barack Obama urged the Republican Party to agree to increase the flow of debt of $ 16.7 billion by the end of this week. After that , he said , will be easy to discuss the budget.

Democrats in the Senate plan to hold talks on the possibility of a vote before the end of this week on an issue that will give Obama the right to raise the debt ceiling unless two thirds of both houses of Congress approve it. This plan Gene Sperling , director of Obama's National Economic Council , allows , at least temporarily resolve the situation . If all the Democrats in the Senate and six Republicans will vote for Obama , then let it raise the debt ceiling without any political conditions on the part of the Republican-controlled House of Representatives. This will put pressure on the Speaker of the House John Boehner , who opposes it .

Meanwhile, it is worth noting that the partial " shutdown " of the U.S. government was distracted investors from their main concern of previous weeks , namely the reduction of terms of stimulus from the Federal Reserve .

In addition, we add that , in spite of the fact that the Chinese market opened after a week's national holiday , dealers in Hong Kong said they have seen only a small interest in buying .

The cost of the December gold futures on COMEX today rose to $ 1327.60 per ounce.

EUR/USD $1.3500, $1.3600, $1.3630, $1.3650

GBP/USD $1.6245, $1.6300, $1.6350

USD/JPY Y96.00, Y96.90, Y97.25, Y97.70, Y98.00, Y98.05, Y98.10, Y98.50

AUD/USD $0.9385, $0.9400, $0.9430

EUR/NOK Nok8.0100

USD/CHF Chf0.9100, Chf0.9130

AUD/JPY Y0.9095

USD/CAD C$1.0455

EUR/CHF Chf1.2300

Перед открытием рынка фьючерс S&P вырос до уровня 1669.75 (+0.12%), фьючерс NASDAQ добавил 0.17% до уровня 3210.50 пункта.

U.S. stock futures rose as lawmakers sought to avoid a debt default and investors waited for the start of earnings season.

Global Stocks:

Nikkei 13,894.61 +41.29 +0.30%

Hang Seng 23,178.85 +204.90 +0.89%

Shanghai Composite 2,198.2 +23.53 +1.08%

FTSE  6,386.8 -50.48 -0.78%

CAC  4,158.44 -7.14 -0.17%

DAX 8,586.72 -4.86 -0.06%

Crude oil $103.41 +0.37%

Gold $1319.10 -0.45%

Upgrades:

Procter & Gamble (PG) upgraded from Market Perform to Outperform at Wells Fargo

Downgrades:

Other:

EUR/USD

Offers $1.3650, $1.3620, $1.3600

Bids $1.3550, $1.3520, $1.3500, $1.3455/50, $1.3420

GBP/USD

Offers $1.6200, $1.6175/80, $1.6145/50, $1.6120, $1.6100

Bids $1.6000, $1.5980, $1.5950

AUD/USD

Offers $0.9550, $0.9500, $0.9480

Bids $0.9400, $0.9380, $0.9350, $0.9320

EUR/JPY

Offers Y132.80, Y132.50, Y132.20, Y132.00

Bids Y131.00, Y130.50, Y130.20

USD/JPY

Offers Y98.20, Y97.90/00, Y97.80, Y97.50

Bids Y96.55/50, Y96.20, Y96.00, Y95.80

EUR/GBP

Offers stg0.8550, stg0.8500, stg0.8480

Bids stg0.8420, stg0.8400, stg0.8380, stg0.8350

EUR/USD $1.3500, $1.3600, $1.3630, $1.3650

GBP/USD $1.6245, $1.6300, $1.6350

USD/JPY Y96.00, Y96.90, Y97.25, Y97.70, Y98.00, Y98.05, Y98.10, Y98.50

AUD/USD $0.9385, $0.9400, $0.9430

EUR/NOK Nok8.0100

USD/CHF Chf0.9100, Chf0.9130

AUD/JPY Y0.9095

USD/CAD C$1.0455

EUR/CHF Chf1.2300

Asian stocks rose for the first time in three days, with the regional benchmark index advancing from a three-week low as utilities and developers gained.

Nikkei 225 13,894.61 +41.29 +0.30%

Hang Seng 23,136.74 +162.79 +0.71%

S&P/ASX 200 5,149.45 -11.67 -0.23%

Shanghai Composite 2,198.2 +23.53 +1.08%

Tokyo Electric Power Co. , operator of the crippled Fukushima Dai-Ichi nuclear power plant, rebounded 7 percent after declining 20 percent over the past five days.

Country Garden Holdings Co. jumped 9.1 percent in Hong Kong after the mainland developer said it met its annual contract-sales target.

Rakuten Inc., which operates an online mall, tumbled 14 percent in Tokyo after Yahoo Japan Corp. said it would eliminate vendor fees for its shopping and auction sites.

00:30 Australia ANZ Job Advertisements (MoM) -2.0% +0.2%

00:30 Australia National Australia Bank's Business Confidence 4 12

01:45 China                 HSBC Services PMI            52.8 52.4

05:00 Japan             Eco Watchers Survey: Current 51.2 52.2 52.4

05:00 Japan             Eco Watchers Survey: Outlook 51.2 54.2

The yen reached an eight-week high against the dollar as U.S. President Barack Obama reiterated he won’t negotiate with Republicans over the debt limit, driving demand for Japan’s currency as a haven. “We’re not going to negotiate under the threat of economic catastrophe,” Obama said yesterday during a visit to the Federal Emergency Management Agency in Washington.

Republicans are insisting on changing the 2010 Affordable Care Act, while Obama refuses to engage in discussions about policy conditions tied to opening the government or raising the debt ceiling. Treasury Secretary Jacob J. Lew has warned the U.S. may be unable to pay its bills after Oct. 17.

The yen strengthened by the most since Sept. 18 yesterday as the U.S. government’s partial shutdown continued for a seventh day.

Demand for the euro was supported before a report today forecast to show a rebound in German factory orders. In Germany, factory orders probably rose 1.1 percent in August, after a 2.7 percent decline the previous month, according to the median estimate of economists polled by Bloomberg before the figures due today.

EUR / USD: during the Asian session the pair fell to $ 1.3555

GBP / USD: during the Asian session, the pair fell to $ 1.6065

USD / JPY: during the Asian session the pair rose to Y97.15

Once again there is a full calendar on both sides of the Atlantic, although the US government shutdown and keeps data releases to private and Fed numbers. The European calendar kicks off at 0600GMT, with the release of the German August trade balance data. French data starts at 0630GMT, with the release of the September Bank of France business survey. At 0645GMT, the French budget deficit data and the foreign trade data will cross the wires. Spanish August industrial output numbers will cross the wires at 0700GMT. Swiss data is set for release at 0715GMT, when the August industrial output and September CPI numbers expected. German data is expected at 1000GMT, when August manufacturing orders are set to be released. Analysts are looking for an increase of 1.1% on month and 4.0% on year.

GOLD 1,324.80  15.10 1.15%

OIL (WTI) 103.11  -0.73 -0.70%

Nikkei 225 13,853.32 -170,99 -1,22%

Hang Seng 22,958.18 -180,36 -0,78%

S & P / ASX 200 5,161.11 -46,90 -0,90%

Shanghai Composite 2,174.66 14,64 0,68%

FTSE 100 6,437.28 -16.60 -0.26%

CAC 40 4,165.58 +1.33 +0.03%

DAX 8,591.58 -31.39 -0.36%

Dow -135.76 14,936.82 -0.90%

Nasdaq -37.38 3,770.38 -0.98%

S&P -14.31 1,676.19 -0.85%

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

EUR/USD $1,3576 -0,34%

GBP/USD $1,6088 -0,44%

USD/CHF Chf0,9032 +0,44%

USD/JPY Y96,68 -0,56%

EUR/JPY Y131,30 -0,86%

GBP/JPY Y155,54 +2,87%

AUD/USD $0,9425 +0,35%

NZD/USD $0,8302 +0,10%

USD/CAD C$1,0313 -0,15%

00:30 Australia ANZ Job Advertisements (MoM) -2.0% +0.2%

00:30 Australia National Australia Bank's Business Confidence 4 12

01:45 China                 HSBC Services PMI 52.8 52.4

05:00 Japan             Eco Watchers Survey: Current 51.2 52.2

05:00 Japan             Eco Watchers Survey: Outlook 51.2

05:45 Switzerland Unemployment Rate 3.2% 3.2%

06:00 Germany        Current Account 14.3 13.5

06:00 Germany        Trade Balance 14.5 15.1

06:45 France             Trade Balance, bln -5.1 -4.8

07:15 Switzerland Retail Sales Y/Y +0.8% +1.7%

07:15 Switzerland Consumer Price Index (MoM) -0.1% +0.2%

07:15 Switzerland Consumer Price Index (YoY) 0.0% -0.1%

09:00 United Kingdom MPC Member Tucker Speaks

10:00 Germany        Factory Orders s.a. (MoM) -2.7% +1.2%

10:00 Germany        Factory Orders n.s.a. (YoY) +2.0% +3.9%

12:15 Canada            Housing Starts 180 175

12:30 Canada            Trade balance, billions -0.9 -0.7

15:45 Eurozone ECB's Jens Weidmann Speaks

16:30 Switzerland SNB Chairman Jordan Speaks

20:30 U.S.            API Crude Oil Inventories +4.5

23:30 Australia Westpac Consumer Confidence +4.7%

23:50 Japan            Monetary Policy Meeting Minutes