Euro fell against the dollar, retreating from a seven-week high. Note that the dynamics of the partially influenced by expectations of the publication of data for economic growth in the Euro-region for the second quarter. The indicator will be published next week. The median estimate of economists, GDP growth should reach 0.2%, whereas in the previous six quarters were only negative.

We also add that moderate pressure on the euro was data from France, which showed that industrial production in the second largest economy of the euro zone in June fell by 1.4% compared with May. Economists had expected a rise of 0.1% in June. In manufacturing, a decline of 0.4%. In May the total industrial production decreased by 0.3%. Published negative data contrast with the optimism of the Government in recent years regarding the strengthening of the economy after the recession at the beginning of this year. French President Francois Hollande said in a television interview in July, the beginning of recovery, and government ministers have repeatedly said that they expect the economy to return to growth in the 2nd quarter. However, industrial production in the 2nd quarter increased by 1.4% compared to the 1st quarter and by 0.2% compared with the 2nd quarter of 2012.

The pound fell against the dollar, retreating from earlier highs. Note that initially helped the growth of currency positive trade balance data, but since this indicator was not rated highly, the interest of market participants began to gradually fade away, and that provoked a slight depreciation of the currency.

Recall that the submitted report showed that by the end of June trade deficit Britain fell to a level of 8.1 billion pounds, compared with the upwardly revised figure for May in the amount of 8.7 billion pounds. We add that according to the average estimate of economists figure was to make -8.5 billion, which would be unchanged compared with the value for May, which was originally reported.

The Office for National Statistics reported that the June decline of 0.6 billion pounds was within normal monthly changes.

In addition, the data showed that the visible trade deficit was partially offset by a surplus in services at the level of 6.500 billion pounds. As a result, the overall trade deficit fell in June to 1.5 billion from 2.6 billion pounds in the previous month.

It should also be noted that the volume of exports of goods rose in June by 1.3 billion pounds, while reaching a record 26.9 billion pounds, while imports increased by 0.700 billion pounds - to the level of 35 billion pounds.

The Australian dollar rose sharply against major currencies, which, first of all, have helped the data presented by China.

The National Bureau of Statistics reported that by the end of last month consumer price inflation in China has remained unchanged, while producer prices fell more than expected, thus fixing the seventeenth consecutive monthly decline. According to experts, the data give the central bank more room to ease monetary policy in the backdrop of sluggish growth.

According to the report, the rise in consumer prices in the month of July was at 2.7 percent, remaining unchanged compared to June, which was fixed four-month high. It is worth noting that the last result was slightly lower than expected inflation - at around 2.8 percent. In addition, we add that consumer price inflation was much lower than the government target at around 3.5 percent.

Meanwhile, it was reported that producer prices continued their decline, underscoring the weakness of domestic demand. The report showed producer prices fell last month by 2.3 percent year on year, which was followed, after falling 2.7 percent in June. Add that many experts forecast a drop of 2.0 percent.

European stocks advanced to their highest level since May as mining companies rallied after a report showed Chinese industrial production increased at a faster-than-expected pace.

In China, a report from the National Bureau of Statistics showed that industrial output rose 9.7 percent in July from a year earlier, more than the 8.9 percent median forecast. The world’s second-largest economy grew at an annualized pace of 7.5 percent in the three months through June, the fifth consecutive quarter that gross domestic product has grown by less than 8 percent.

National benchmark indexes advanced in all 18 western-European markets today. France’s CAC 40 rose 0.3 percent and Germany’s DAX gained 0.2 percent. The U.K.’s FTSE 100 increased 0.8 percent.

Fresnillo Plc and Randgold Resources Ltd., which both mine precious metals, rose 8.2 percent to 1,035 pence and 6.8 percent to 4,722 pence, respectively. Lonmin Plc jumped 7.7 percent to 350.5 pence. The Stoxx 600 Basic Resource Index added 4.6 percent, the best performance of the 19 industry groups in the European equity benchmark.

KPN surged 16 percent to 2.32 euros as America Movil offered 2.40 euros a share for the company. The price -- a 20 percent premium to KPN’s close yesterday -- would value the stake that America Movil doesn’t already own at 7.2 billion euros ($9.6 billion). The Mexican mobile-phone operator has a 29.8 percent holding in KPN. An agreement between the two companies to limit America Movil’s stake to 30 percent expired after KPN agreed last month to sell its German business E-Plus to Telefonica SA.

Telekom Austria AG, which is also partly owned by America Movil, soared 8.7 percent to 5.73 euros.

Stockmann Oyj rallied 6 percent to 12.01 euros as second-quarter net income of 19.5 million euros exceeded the average analyst projection of 15.4 million euros. The owner of department stores in Finland and Russia also reiterated its guidance for the year.

Rheinmetall AG advanced 4.5 percent to 37.54 euros as the German maker of armored vehicles said its defense business won 66 percent of its orders from non-European countries in the first half of 2013. The unit obtained 46 percent of orders from outside Europe in the year-earlier period.

West Texas Intermediate crude rose for the first time in six days, trimming a weekly drop as industrial production advanced more than forecast in China, the second-biggest oil consumer.

Futures gained as much as 1.4 percent in New York, snapping the longest streak of declines since December. China’s factory output climbed 9.7 percent in July from a year earlier, 0.8 percentage points higher than forecast in a Bloomberg survey, figures from the National Bureau of Statistics show. Prices held gains even as the International Energy Agency cut its estimate for 2014 global oil demand growth.

WTI for September delivery advanced as much as $1.42 to $104.82 a barrel in electronic trading on the New York Mercantile Exchange and was at $104 as of 1:46 p.m. London time. The contract fell 97 cents to $103.40 yesterday amid speculation that the Federal Reserve will trim stimulus measures in the U.S. Prices are down 2.8 percent this week.

Brent for September settlement rose 0.4 percent to $107.09 a barrel on the London-based ICE Futures Europe exchange. The European benchmark was at a premium of $3.09 to WTI, down from $3.28 yesterday.

Gold prices are stable and is expected to drop the second week in a row against the dollar growth with a minimum of seven weeks and vague plans for the Fed regarding incentive program.

On Thursday, gold rose nearly 2% as good data on China's foreign trade increased hopes for demand. The presented data showed that China's exports and imports in July rose more sharply than expected, indicating that the second-largest economy in the world is stabilized after slowing in the first half.

Stocks of the world's largest exchange-traded fund backed by gold (ETF) SPDR Gold on Thursday fell by 1.2 tons. Premiums in Hong Kong have risen this week after prices fall below $ 1,300, pointing to an increased interest in the purchase. On Friday, gold of 99.99 percent purity on the Shanghai Gold Exchange traded at $ 25 an ounce more expensive than in London, while at the end of last week's mark-up is $ 20.

The cost of the October gold futures on COMEX today rose to $ 1316.20 per ounce.

With inventories of motor vehicles and parts showing a notable decrease, the Commerce Department released a report on Friday showing an unexpected drop in wholesale inventories in the month of June.

The report showed that wholesale inventories dipped by 0.2 percent following a revised 0.6 percent decrease in May.

The drop came as a surprise to economists, who had expected inventories to increase by 0.4 percent compared to the 0.5 percent decline originally reported for the previous month.

The Commerce Department said inventories of motor vehicles and parts fell by 1.5 percent, while inventories of apparel and farm products also showed notable decreases.

The decreases were partly offset by a 2.1 percent jump in inventories of computer and computer peripheral equipment and software.

Meanwhile, the report also showed that wholesale sales increased by 0.4 percent in June after climbing by 1.5 percent in June.

Sales of petroleum and petroleum products jumped by 5.3 percent, while sales of electrical and electronic goods surged up by 3.7 percent.

On the other hand, the Commerce Department said sales of grocery and related products were down 1.8 percent from the previous month.

With inventories falling and sales rising, the inventories/sales ratio for merchant wholesalers edged down to 1.17 in June from 1.18 in May. The ratio came in at 1.20 in June of 2012.

The report also showed that wholesale sales were up by 2.9 percent compared to the same month a year ago, while wholesales sales were up by 5.6 percent year-over-year.

EUR/USD $1.3280, $1.3290, $1.3350, $1.3400

USD/JPY Y95.25, Y95.50, Y96.00, Y96.20, Y96.35, Y96.75, Y97.80, Y97.95, Y98.00, Y98.10

GBP/USD $1.5500, $1.5550

EUR/GBP stg0.8620, stg0.8625

USD/CHF Chf0.9285

AUD/USD $0.9000, $0.9020, $0.9025, $0.9045, $0.9075, $0.9100, $0.9150, $0.9200

NZD/USD $0.8100

USD/CAD C$1.0300, C$1.0375, C$1.0380, C$1.0425, C$1.0435, C$1.0450

U.S. stock futures fell slightly. If that trend continues through the session, the major indexes will close with a loss for the week.

Global Stocks:

Nikkei  13,615.19 +9.63 +0.07%

Hang Seng 21,807.56 +151.68 +0.70%

Shanghai Composite 2,052.23 +7.34 +0.36%

FTSE 6,560.31 +30.63 +0.47%

CAC 4,070.17 +5.85 +0.14%

DAX 8,330.14 +11.82 +0.14%

Crude oil $103.83 +0.42%

Gold $1308.40 -0.11%

Data

01:30 Australia RBA Monetary Policy Statement Quarter III

01:30 China PPI y/y July -2.7% -2.0% -2.3%

01:30 China CPI y/y July +2.7% +2.8% +2.7%

05:00 Japan BoJ monthly economic report August

05:00 Japan Consumer Confidence July 44.3 45.3 43.6

05:30 China Retail Sales y/y July +13.3% +13.5% +13.2%

05:30 China Fixed Asset Investment July +20.1% +20.0% +20.1%

05:30 China Industrial Production y/y July +8.9% +9.0% +9.7%

06:45 France Industrial Production, m/m June -0.4% +0.3% -1.4%

06:45 France Industrial Production, y/y June +0.4% +1.5% -0.2%

08:00 China New Loans July 861 635 700

08:30 United Kingdom Trade in goods June -8.5 -8.5 -8.1

The euro exchange rate fell slightly against the dollar, but is still held near a seven-week high. Note that the dynamics of the partially influenced by expectations of the publication of data for economic growth in the Euro-region for the second quarter. The indicator will be published next week. The median estimate of economists, GDP growth should reach 0.2%, whereas in the previous six quarters were only negative.

We also add that not a lot of pressure Eurocurrency have data from France, which showed that industrial production in the second largest economy of the euro zone in June fell by 1.4% compared with May. Economists had expected a rise of 0.1% in June. In manufacturing, a decline of 0.4%. In May the total industrial production decreased by 0.3%. Published negative data contrast with the optimism of the Government in recent years regarding the strengthening of the economy after the recession at the beginning of this year. French President Francois Hollande said in a television interview in July, the beginning of recovery, and government ministers have repeatedly said that they expect the economy to return to growth in the 2nd quarter. However, industrial production in the 2nd quarter increased by 1.4% compared to the 1st quarter and by 0.2% compared with the 2nd quarter of 2012.

The pound fell slightly against the dollar, retreating from earlier highs. Note that initially helped the growth of currency positive trade balance data, but since this indicator was not rated highly the interest of market participants began to gradually fade away, and that provoked a slight depreciation of the currency.

Recall that the submitted report showed that by the end of June month trade deficit Britain fell to a level of 8.1 billion pounds, compared with the upwardly revised figure for May in the amount of 8.7 billion pounds. We add that according to the average estimate of economists figure was to make -8.5 billion, which would be unchanged compared with the value for May, which was originally reported.

The Office for National Statistics reported that the June decline of 0.6 billion pounds was within normal monthly changes.

In addition, the data showed that the visible trade deficit was partially offset by a surplus in services at the level of 6.500 billion pounds. As a result, the overall trade deficit fell in June to 1.5 billion from 2.6 billion pounds in the previous month.

It should also be noted that the volume of exports of goods rose in June by 1.3 billion pounds, while reaching a record 26.9 billion pounds, while imports increased by 0.700 billion pounds - to the level of 35 billion pounds.

The Australian dollar rose sharply against major currencies, which, first of all, have helped the data presented by China.

The National Bureau of Statistics reported that by the end of last month consumer price inflation in China has remained unchanged, while producer prices fell more than expected, thus fixing the seventeenth consecutive monthly decline. According to experts, the data give the central bank more room to ease monetary policy in the backdrop of sluggish growth.

According to the report, the rise in consumer prices in the month of July was at 2.7 percent, remaining unchanged compared to June, which was fixed four-month high. It is worth noting that the last result was slightly lower than expected inflation - at around 2.8 percent. In addition, we add that consumer price inflation was much lower than the government target at around 3.5 percent.

Meanwhile, it was reported that producer prices continued their decline, underscoring the weakness of domestic demand. The report showed producer prices fell last month by 2.3 percent year on year, which was followed, after falling 2.7 percent in June. Add that many experts forecast a drop of 2.0 percent.

EUR / USD: during the European session, the pair fell to $ 1.3364

GBP / USD: during the European session, the pair dropped to $ 1.5516

USD / JPY: during the European session, the pair fell to Y96.37

At 12:15 GMT Canada will announce the number of Housing Starts in July, and the unemployment rate and the change in the number of employed in July.

EUR/USD

Offers $1.3480/85, $1.3450, $1.3430/35, $1.3410/20, $1.3400

Ордера на покупку $1.3350, $1.3320, $1.3305/290, $1.3280

GBP/USD

Offers $1.5620/30, $1.5595/605, $1.5580, $1.5558

Bids $1.5530/25, $1.5505/00, $1.5485/80, $1.5455/50, $1.5435/30

AUD/USD

Offers $0.9315/20, $0.9300, $0.9250, $0.9190/00, $0.9160

Bids $0.9090/85, $0.9080, $0.9050, $0.9020, $0.9000

EUR/GBP

Offers stg0.8675, stg0.8640/45, stg0.8620/30, stg0.8613

Bids stg0.8580/75, stg0.8540, stg0.8500, stg0.8485/80

EUR/JPY

Offers Y130.80, Y130.50, Y130.10, Y130.00, Y129.70/75

Bids Y128.95/90, Y128.60/50, Y128.00, Y127.90, Y127.50

USD/JPY

Offers Y98.00, Y97.45/50, Y97.15/20, Y96.90/00

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

European stocks pared their advance as real-estate companies fell, offsetting gains by mining companies after Chinese industrial production beat estimates. U.S. stock futures and Asian shares were little changed.

The Stoxx Europe 600 Index rose 0.1 percent to 304.34 at 8:40 a.m. in London, paring a gain of as much as 0.3 percent. The gauge has climbed 0.1 percent this week. The equity benchmark has rallied 10 percent from a low on June 24 as the European Central Bank and the Bank of England said interest rates will remain low for an extended period of time.

“With no major economic data or company reports due in Europe and the U.S., investors are focusing on the positive news coming out of China,” said Alessandro Fezzi, senior market analyst at LGT Bank Schweiz AG in Zurich. “Inflation, for example, is overall a positive for stocks as the inflation rate remains clearly below the government’s target and this gives the central bank some room for potential economic stimulus, which has some market participants excited.”

The Stoxx 600 climbed yesterday as faster-than-expected Chinese exports outweighed concern that the Federal Reserve will reduce its bond purchases this year.

In China, the consumer-price index rose 2.7 percent in July from a year earlier, the National Bureau of Statistics said today in Beijing. That remained below the government’s inflation target for 2013 of 3.5 percent. The median economist estimate survey had called for CPI to climb 2.8 percent.

A separate release showed that industrial output rose 9.7 percent last month from a year earlier, more than the 8.9 percent median forecast

KPN surged 17 percent to 2.34 euros as America Movil offered 2.40 euros per share for the company. The price -- a 20 percent premium to KPN’s close yesterday -- would value the stake America Movil doesn’t already own at 7.2 billion euros ($9.6 billion). America Movil has a 29.8 percent holding in KPN.

Stockmann rallied 5.3 percent to 11.93 euros, its biggest gain in more than a year, as second-quarter net income of 19.5 million euros exceeded the average analyst projection of 15.4 million euros. The company also kept it guidance for the year.

FTSE 100 6,542.55 +12.87 +0.20%    

CAC 40 4,057.95 -6.37 -0.16%

DAX 8,297.96 -20.36 -0.24%     

EUR/USD $1.3280, $1.3290, $1.3350, $1.3400

USD/JPY Y95.25, Y95.50, Y96.00, Y96.20, Y96.35, Y96.75, Y97.80, Y97.95, Y98.00, Y98.10

GBP/USD $1.5500, $1.5550

EUR/GBP stg0.8620, stg0.8625

USD/CHF Chf0.9285

AUD/USD $0.9000, $0.9020, $0.9025, $0.9045, $0.9075, $0.9100, $0.9150, $0.9200

NZD/USD $0.8100

USD/CAD C$1.0300, C$1.0375, C$1.0380, C$1.0425, C$1.0435, C$1.0450

Asia’s benchmark stock index is on course to snap its longest weekly winning streak since January as a cut in Nikon Corp. profit forecast overshadowed a larger-than-forecast increase in China’s industrial output.

Nikkei 225 13,615.19 +9.63 +0.07%

Hang Seng 21,808.34 +152.46 +0.70%

S&P/ASX 200 5,055.21 -9.59 -0.19%

Shanghai Composite 2,052.23 +7.34 +0.36%

Nikon, a Japanese camera maker, slumped 14 percent, dragging consumer shares lower.

BHP Billiton Ltd. , the world’s largest mining company, climbed 1.8 percent in Sydney, leading raw-materials firms to the largest advance among the 10 industry groups of the Asia-Pacific benchmark gauge.

DeNA Co., a mobile-game site operator, surged 11 percent in Tokyo after posting a 9.6 percent increase in first-quarter sales.

01:30 Australia RBA Monetary Policy Statement Quarter III

01:30 China PPI y/y July -2.7% -2.0% -2.3%

01:30 China CPI y/y July +2.7% +2.8% +2.7%

05:00 Japan BoJ monthly economic report August

05:00 Japan Consumer Confidence July 44.3 45.3 43.6

The Aussie headed for its biggest weekly gain in more than a year after data today showed China’s inflation stayed subdued in July and figures yesterday showed the nation’s imports and exports rebounded more than estimated. A government report yesterday showed Chinese shipments overseas climbed 5.1 percent in July from a year earlier after sliding 3.1 percent in June; imports rose 10.9 percent following a 0.7 percent decline.

The euro was near a seven-week high versus the greenback before an Aug. 14 report analysts said will show the currency region’s economy returned to growth in the second quarter. Euro-area gross domestic product expanded 0.2 percent in the second quarter, after contracting for the previous six quarters, according to the median estimate in a Bloomberg survey before the report is released next week.

Sterling was within 0.4 percent of the strongest in a month versus the euro as Carney said on BBC Radio 4’s “Today” program that “without question” inflation at 2 percent is the target. The pound jumped 0.9 percent against the dollar yesterday as the central bank’s Inflation Report and review of forward guidance fueled speculation the outlook for growth and inflation will prevent it from keeping borrowing costs at a record low. U.K. government bonds were little changed.

EUR / USD: during the Asian session the pair traded in the range of $ 1.3375-85

GBP / USD: during the Asian session the pair traded in the range of $ 1.5525-45

USD / JPY: during the Asian session the pair fell to Y96.30

Friday sees a quiet end to the week, with only limited data on both sides of the Atlantic. There remains a dearth of ECB speakers, as Euro area officials remain on their vacations. The European calendar kicks off at 0645GMT, with the release of the French June industrial output numbers. Analysts are looking for an increase of 0.3% on the month and an increase of 1.5% on year. At 0800GMT, the Italian July final HICP numbers will cross the wires. The annualised YoY numbers is seen coming in at 1.2%.on year.

There is a raft of UK data expected at 0830GMT, including the release of June Trade Data, June Construction Output and the July BOE Quoted Rates. While most other UK indicators have been showing sharp improvements, trade balances are the black sheep in the official data family. Net exports have made a negligible contribution to the UK's economic recovery, despite sterling's near 20% plunge when the financial crisis kicked-in. "The performance of net exports has, however, been distinctly underwhelming, adding just 1.5 percentage points to total growth since the start of the recession," Bank Of England Deputy Governor Charles Bean said in a speech back in May. The UK's rebound has not seen the hoped for rebalancing of the economy toward exports.

Change % Change Last

GOLD 1,310.70 24.60 1.91%

OIL (WTI) 103.80 -0.57 -0.55%

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 -1,88 -0,09 2,044.9%

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%

DJIA 15,498.30 27.65 0.18%

S&P 500 1,697.48 6.57 0.39%

NASDAQ 3,669.12 15.12 0.41%

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

EUR/USD $1,3381 +0,33%

GBP/USD $1,5535 +0,30%

USD/CHF Chf0,9200 -0,14%

USD/JPY Y96,59 +0,23%

EUR/JPY Y129,26 +0,58%

GBP/JPY Y150,06 +0,54%

AUD/USD $0,9100 +1,19%

NZD/USD $0,7999 +0,53%

USD/CAD C$1,0324 -0,95%

01:30 Australia RBA Monetary Policy Statement Quarter III

01:30 China PPI y/y July -2.7% -2.0% -2.3%

01:30 China CPI y/y July +2.7% +2.8% +2.7%

05:00 Japan BoJ monthly economic report August

05:00 Japan Consumer Confidence July 44.3 45.3

05:30 China Retail Sales y/y July +13.3% +13.5%

05:30 China Fixed Asset Investment July +20.1% +20.0%

05:30 China Industrial Production y/y July +8.9% +9.0%

06:45 France Industrial Production, m/m June -0.4% +0.3%

06:45 France Industrial Production, y/y June +0.4% +1.5%

08:00 China New Loans July 861 635

08:30 United Kingdom Trade in goods June -8.5 -8.5

12:15 Canada Housing Starts July 200 193

12:30 Canada Unemployment rate July 7.1% 7.1%

12:30 Canada Employment July -0.4 +6.2

14:00 U.S. Wholesale Inventories June -0.5% +0.5%