The dollar's value has increased markedly against the euro, which was mainly caused by the publication of the U.S. Department of Labor, which showed that the number of initial claims for unemployment benefits unexpectedly fell, reaching at the same levels that occurred prior to the recession, which is consistent with other signs improvement in the labor market. According to the report, the seasonally adjusted for the week ending May 4, the number of initial claims for unemployment benefits dropped to the level of 323,000, compared to the upwardly revised figure for the previous week at the level of 327 thousand note that according to the average forecast of experts , the value of this index would grow to the level of 333 thousand, compared to 324 thousand, which was originally reported in the previous week. In addition, it was reported that on a seasonally adjusted basis the average claims for the past four weeks fell by 6,250 to 336,750 in the week ending May 4, which was the lowest level since November 2007.

Economists say that the present value is a positive sign for the labor market because fewer layoffs generally coincides with an increase in employment. However, some economists say the uncertainty surrounding U.S. fiscal policy and the global economy constrains hiring, despite the fact that employers do not want to cut staff.

Sterling exchange rate dropped significantly against the dollar, losing the all items won during the first half of the day, and moved into negative territory today.

It is worth noting that the Bank of England left and the asset purchase program, and bet on the same level: £ 375 billion and 0.5%, respectively, broadly in line with the forecast of the market. Was then published GDP forecast from NIESR for the three months to April, which was revised from +0.1% to +0.8%. However, despite the strong performance of the manufacturing sector in Britain and the inaction of the Central Bank, which is good for the pound sterling could not continue to grow, and stood in the context of the dominant risk aversion.

We also add that contributed to a sharp drop in the U.S. currency report on the number of initial claims for unemployment insurance.

European stocks were little changed, after the benchmark Stoxx Europe 600 Index rose to its highest level since June 2008.

The Stoxx 600 added less than 0.1 percent to 303.85 at 4:30 p.m. in London. The benchmark gauge advanced yesterday amid better-than-estimated corporate earnings and has gained 8.7 percent so far in 2013, its best start to a year since 2006. Markets in Switzerland, the Nordic countries and Austria are closed today for Ascension Day. Most businesses closed today in Germany for the holiday.

The Bank of England's Monetary Policy Committee left the target for bond purchases at 375 billion pounds ($583 billion). The bank also kept its key interest rate at a record low of 0.5 percent.

U.K. industrial production rose more than economists forecast in March as cold weather boosted demand for electricity and gas. Output increased 0.7 percent from February, when it gained 0.9 percent, the Office for National Statistics said in London. The median forecast of economists was for a 0.2 percent advance.

National benchmark indexes fell in five of the 10 western-European markets open today.

FTSE 100 6,592.74 +9.26 +0.14% CAC 40 3,928.58 -27.70 -0.70% DAX 8,262.55 +12.84 +0.16%

Snam lost 5 percent to 3.65 euros. Eni SpA, Italy's largest oil company, sold a $1.9 billion stake in Snam, according to a statement. About 395 million shares, or 11.7 percent of the company were sold at a price of 3.69 euros a share.

Wm Morrison fell 2.5 percent to 289 pence, for its biggest decline since February 2012. The smallest of the U.K.'s four main supermarket chains said sales at stores open at least a year dropped 1.8 percent in the 13 weeks ended May 5. The figure excluded gasoline and value-added tax.

Banca Popolare di Milano Scarl retreated 8.9 percent to 46.75 euro cents. Chairman Andrea Bonomi has abandoned plans to convert Italy's oldest cooperative bank into a joint-stock company, Il Sole 24 Ore reported without citing anyone.

British Sky Broadcasting Group Plc tumbled 6.1 percent to 809.5 pence, for its biggest decrease since July 2011. BT Group Plc said it will sell its sports package to pubs at an 80 percent discount to Sky's prices.

Experian advanced 6.2 percent to 1,245 pence, the highest price since it sold shares to the public in 2006. The company posted full-year adjusted earnings of 85.7 cents a share, beating analyst estimates for 83.6 cents. Experian (EXPN) increased its dividend to 24 cents and said it will buy back $500 million of shares over the next 12 months.

Oil prices fell, dropping below $ 96 a barrel, which was accompanied by a significant strengthening of the U.S. dollar to some other foreign currencies.

Note that the impact on the dynamics of trade data from the U.S. Department of Labor, which showed that the seasonally adjusted number of Americans who applied for unemployment benefits fell by 4,000 to 323,000. We also add that the number of layoffs has declined to pre-crisis levels. In addition, the report showed that the average number of calls in the last four weeks fell by 6,250 to 336,750, the lowest since November 2007. Economists say that the present value is a positive sign for the labor market because fewer layoffs generally coincides with an increase in employment. However, some economists say the uncertainty surrounding U.S. fiscal policy and the global economy constrains hiring, despite the fact that employers do not want to cut staff.

Note that in the context of positive data the dollar rose against other currencies, including the euro, British pound and Japanese yen. Since oil is traded in dollars, a stronger dollar makes oil less attractive to investors who use foreign currencies.

Add that to the energy markets have had a pressure higher than expected rates of inflation in China, which suggests that higher prices could slow the economy's second-largest oil consumer in the world.

The cost of the June futures on U.S. light crude oil WTI (Light Sweet Crude Oil) fell to 95.66 dollars per barrel.

June futures price for North Sea Brent crude oil mixture fell $ 0.37 to $ 103.90 a barrel on the London exchange ICE Futures Europe.

Gold prices fell slightly, helped by U.S. data, which showed that the number of initial claims fell to its lowest level in more than five years.

Note that, according to the report from the U.S. Department of Labor, seasonally adjusted for the week ending May 4, the number of initial claims for unemployment benefits dropped to the level of 323,000, compared with the upwardly revised figure for the previous week on the level of 327 thousand

Note that according to the average forecasts of experts, the value of this index would grow to the level of 333 thousand, compared to 324 thousand, which was originally reported in the previous week. In addition, it was reported that on a seasonally adjusted basis the average claims for the past four weeks fell by 6,250 to 336,750 in the week ending May 4, which was the lowest level since November 2007. Economists say that the present value is a positive sign for the labor market because fewer layoffs generally coincides with an increase in employment. However, some economists say the uncertainty surrounding U.S. fiscal policy and the global economy constrains hiring, despite the fact that employers do not want to cut staff.

Note that gold is beginning the session with a slight decline, as physical demand started to slow down in some parts of Asia, while the outflow of capital from exchange-traded funds showed no signs of abating. Analysts point out that physical demand is still strong, although perhaps not as much as it has in recent weeks, and we do not see much return on the market, which, of course, is supporting prices to some extent. Moreover, they add that, given the outflow of funds from the reserves, which is the resistance, prices are likely to consolidate between $ 1,450 and $ 1,480 in the short term. Given the growth in stocks around the world in recent years, reducing the risk in Europe, and the growth in the labor market in the United States, people prefer to invest their money in the stock markets, reducing their exposure to commodities.

Note that the gold reserves in the SPDR Gold Trust fell yesterday by 0.60% to 1,051.47 tons, the lowest level since March 2009.

The cost of the June gold futures on COMEX today dropped to 1464.60 dollars an ounce.

EUR/USD $1.3000, $1.3050, $1.3075, $1.3085, $1.3100, $1.3125, $1.3150/55, $1.3200

USD/JPY Y98.00, Y98.50, Y98.75, Y98.80, Y98.85, Y99.00, Y99.50, Y100.00

GBP/USD $1.5375

EUR/CHF Chf1.2350

EUR/NOK Nok7.62

AUD/USD $1.0160, $1.0225, $1.0235, $1.0255, $1.0300

CAD/JPY Y99.50

U.S. stock futures were slightly lower. But there are no anything that would cause a deep decline right now.

Global Stocks:

Nikkei 14,191.48 -94.21 -0.66%

Hang Seng 23,211.48 -32.87 -0.14%

Shanghai Composite 2,232.97 -13.33 -0.59%

FTSE 6,580.16 -3.32 -0.05%

CAC 3,925.09 -31.19 -0.79%

DAX 8,242.34 -7.37 -0.09%

Crude oil $95.87 -0.78

Gold $1463.70 -0.78%

EUR/USD

Offers $1.3220, $1.3200, $1.3190

Bids $1.3125/20, $1.3100, $1.3070/50, $1.3000

GBP/USD

Offers $1.5670/75, $1.5650, $1.5630, $1.5600/10

Bids $1.5520, $1.5500, $1.5480, $1.5450/45, $1.5430/20

AUD/USD

Offers $1.0330, $1.0315/20, $1.0290/00

Bids $1.0200, $1.0180, $1.0150, $1.0120/15

EUR/JPY

Offers Y131.00, Y130.50

Bids Y129.60/50, Y129.20, Y129.00, Y128.80/70, Y128.55/50

USD/JPY

Offers Y99.55/60, Y99.50, Y99.30, Y99.15/20

Bids Y98.50, Y98.25/20, Y98.00

EUR/GBP

Offers stg0.8545/50, stg0.8530/35, stg0.8500/10

Bids stg0.8440/35, stg0.8410/00

EUR/USD $1.3000, $1.3050, $1.3075, $1.3085, $1.3100, $1.3125, $1.3150/55, $1.3200

USD/JPY Y98.00, Y98.50, Y98.75, Y98.80, Y98.85, Y99.00, Y99.50, Y100.00

GBP/USD $1.5375

EUR/CHF Chf1.2350

EUR/NOK Nok7.62

AUD/USD $1.0160, $1.0225, $1.0235, $1.0255, $1.0300

Asian stocks dropped, with the regional benchmark index retreating from a five-year high. Japan's Topix Index erased gains as the yen strengthened, dimming the outlook for the nation's exporters. Australia's S&P/ASX 200 Index slid 0.3 percent even after a report showed the nation's unemployment rate fell in April as companies hired more workers than analysts estimated. New Zealand's NZX 50 Index was little changed. China's Shanghai Composite Index slipped 1 percent. The country's consumer prices rose 2.4 percent last month from a year earlier, while producer prices fell 2.6 percent, the National Bureau of Statistics said today in Beijing. Hong Kong's Hang Seng Index dropped 0.4 percent.

Nikkei 225 14,191.48 -94.21 -0.66%

S&P/ASX 200 5,198.4 -1.35 -0.03%

Shanghai Composite 2,231.59 -14.71 -0.65%

Canon Inc., which loses almost $80 million for every 1 yen Japan's currency gains against the dollar, fell 1.3 percent.

Bridgestone Corp., the world's biggest tire maker, sank 6.3 percent in Tokyo after keeping its full-year profit forecast below analyst estimates.

GS Engineering & Construction Corp. jumped 6.7 percent in Seoul after the Bank of Korea cut interest rates.

01:30 Australia Changing the number of employed April -36.1 11.5 50.1

01:30 Australia Unemployment rate April 5.6% 5.6% 5.5%

01:30 China PPI y/y April -1.9% -2.2% -2.6%

01:30 China CPI y/y April +2.1% +2.3% +2.4%

05:00 Japan Leading Economic Index March 97.6 97.7 97.6

05:00 Japan Coincident Index March 92.4 93.2 93.3

The pound traded 0.4 percent from its highest level in almost three months against the dollar on speculation the Bank of England will refrain from expanding monetary stimulus at a policy meeting today. The BOE's Monetary Policy Committee will keep the target for its program of bond purchases known as quantitative easing at 375 billion pounds ($583 billion), according to all but one of 44 economists surveyed by Bloomberg News. In the minutes of the April meeting, the majority on the nine-member panel said monetary policy was already "highly stimulatory."

The euro held the biggest gain in three weeks ahead of a Spanish bond auction today that follows Portugal's first 10-year debt sale since its bailout in 2011. Spain will auction debt maturing in 2016, 2018 and 2026 today. The government's 10-year bond yielded 4.10 percent yesterday and touched a three-year low of 3.94 percent on May 3.

The currencies of Australia and New Zealand surged against most of their major counterparts as data showed job gains in the South Pacific nations exceeded estimates. In New Zealand, employment surged 1.7 percent, or 38,000 jobs, in the first three months of this year, official data showed today, more than the 0.8 percent expected by economists in a Bloomberg survey. The number of people employed in Australia increased 50,100 last month, the statistics bureau said, exceeding the median analyst estimate for a 11,000 gain.

The yen climbed as Asian stocks erased gains.

EUR / USD: during the Asian session, the pair rose $ 1.3165

GBP / USD: during the Asian session, the pair traded in the range of $ 1.5530-45

USD / JPY: during the Asian session, the pair fell to Y98.70

01:00 China New Loans April 1060 770

01:30 Australia Changing the number of employed April -36.1 11.5

01:30 Australia Unemployment rate April 5.6% 5.6%

01:30 China PPI y/y April -1.9% -2.2%

01:30 China CPI y/y April +2.1% +2.3%

05:00 Japan Leading Economic Index March 97.6 97.7

05:00 Japan Coincident Index March 92.4 93.2

06:00 France Bank holiday

06:00 Germany Bank holiday

06:00 Switzerland Bank holiday

08:00 Eurozone ECB Monthly Report March

08:30 United Kingdom Industrial Production (MoM) March +1.0% +0.3%

08:30 United Kingdom Industrial Production (YoY) March -2.2% -1.6%

08:30 United Kingdom Manufacturing Production (MoM) March +0.8% +0.4%

08:30 United Kingdom Manufacturing Production (YoY) March -1.4% -2.0%

09:30 United Kingdom BOE Deputy Governor Andrew Bailey Speaks

11:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50%

11:00 United Kingdom Asset Purchase Facility 375 375

11:00 United Kingdom MPC Rate Statement

12:30 Canada New Housing Price Index March +0.2% +0.1%

12:30 U.S. Initial Jobless Claims April 324 333

14:00 United Kingdom NIESR GDP Estimate April +0.1%

14:00 U.S. Wholesale Inventories March -0.3% +0.3%

23:50 Japan Current Account (adjusted), bln March -0.1 480.4