The euro rose moderately against the dollar , helped by positive data on the balance of payments in Germany. As it became known , the surplus of the current account balance Germany in October fell not so much as expected. Unadjusted he declined to 19.1 billion euros against a revised 20.0 billion euros in September. It's more than economists forecast , which was 16.8 billion euros

Nevertheless, the positive part of this was offset by other data , which showed that the trade surplus with adjustments for seasonal and calendar factors in October fell to 16.8 billion euros compared with 18.7 billion euros in September. It was also less than economists forecast , which was 17.4 billion euros.

We also add that bullish about the single currency has persisted despite the drop in the index of investor sentiment Sentix to 8 vs. 10.4 and the previous value of 9.3. Experts note that the growth momentum of the eurozone remains too slow to eliminate the risks of disinflation / deflation. So , on the agenda is the prospect of easing by the ECB , which is negative for the euro

It should also be noted that the euro was little reaction to weak report on industrial production , which showed a decrease in volume by 1.2 % in October , although expected to grow by 0.8%.

The yen fell slightly against the dollar on data that were worse than expected . Report from the Cabinet Office showed that the Japanese economy in the third quarter increased by 0.3 %. According to preliminary data, the growth was at 0.5% . Revision due to the fact that capital investments were lower than the original estimate, due to weak foreign demand . Compared with the first half of the year growth has slowed considerably - when he was about 4.0 %, which overtook the U.S. growth . The government and the central bank of Japan expect recovery of exports and business investment in the country, which is seen as necessary in order that the economy continued to increase after the increase in the sales tax in April next year . However, the government revised data for capital expenditure from 0.7% in the preliminary estimate of GDP to change no change . Has also been reduced growth rate of reserves - to 0.7 % on an annualized basis . Revision of data on GDP growth downward confirms the fragility of economic recovery in Japan , to benefit from short-term demand growth before sales tax increase in April.

European stocks rose for a second day after a report showed Chinese exports climbed more than expected and a gauge of telecommunications operators gained.

A report showed China’s imports increased 5.3 percent, falling short of the median economist estimate of 7 percent. The release from the General Administration of Customs yesterday also showed that exports from the world’s second-biggest economy rose 12.7 percent last month from a year earlier, exceeding projections from all but one of 42 economists surveyed by Bloomberg News. The country’s trade surplus widened to $33.8 billion in November, the biggest gap since January 2009.

National benchmark indexes advanced in every western-European market except Switzerland and Luxembourg. The U.K.’s FTSE 100 and France’s CAC 40 gained 0.1 percent, while Germany’s DAX climbed 0.3 percent.

Inmarsat jumped 5.8 percent to 730.5 pence after announcing the first successful launch of a Global Xpress satellite. A gauge of telecommunications-related companies gained 0.6 percent as mobile-phone operators from Vodafone Group Plc to Telefonica Deutschland Holding AG added more than 1 percent.

Monte Paschi gained 4.9 percent to 17 euro cents. The foundation that owns almost 38 percent of Italy’s third-largest lender said it would consider a share sale taking place on or after May 12, according to a statement.

Sky Deutschland AG jumped 5.2 percent to 8.12 euros after the German pay-television provider controlled by Rupert Murdoch’s News Corp. acquired the rights to broadcast Champions League soccer matches in Europe’s largest economy through 2018.

British Sky Broadcasting Group Plc, which is also owned by Murdoch, lost the contest to televise Europe’s most important club soccer competition in the U.K. last month. BSkyB’s shares slumped 11 percent on Nov. 11, the first trading day after BT Group Plc announced it had the exclusive live rights to show all Champions League and Europa League games.

Brent crude dropped after Germany’s industrial production fell, boosting concern about Europe’s largest economy. The North Sea oil’s premium over West Texas Intermediate narrowed for a fourth time in five days.

Futures declined as much as 1 percent in London after data from Germany showed that output decreased 1.2 percent in October after a 0.7 percent drop the previous month, the Economy Ministry in Berlin said today. The spread between Brent and WTI has narrowed by more than $4 in a week as U.S. crude inventories declined and TransCanada Corp. (TRP) said it expected to move oil to Houston on the Keystone XL pipeline in January.

The European benchmark traded at a $12.99 premium to WTI, heading for the narrowest close since Nov. 19. The spread narrowed to $12.86 in intraday trading.

U.S. crude supplies fell 5.59 million barrels to 385.8 million in the week ended Nov. 28, the Energy Information Administration, the Energy Department’s statistical arm, said Dec. 4. Refineries operated at 92.4 percent of capacity, the most since September. Utilization rates usually pick up in December after maintenance is performed during the lull in fuel use between the summer driving and the winter heating periods.

WTI is heading for its seventh straight gain, which would be the longest stretch of increases since July 2012. Prices surged 5.3 percent last week on TransCanada Corp. plans to start part of its Keystone XL pipeline to the Gulf Coast from Cushing, Oklahoma. The Calgary-based company estimates it will begin taking receipts and delivering oil in mid- to late January, a bulletin shows. The link ending at Port Arthur, Texas, will have a capacity of 700,000 barrels a day.

Brent crude for January settlement decreased 81 cents, or 0.7 percent, to $110.80 a barrel at 9:09 a.m. New York time on the London-based ICE Futures Europe exchange. The volume of all futures traded was 9.4 percent below the 100-day average

WTI for January delivery rose 16 cents to $97.81 a barrel on the New York Mercantile Exchange. Volume was 44 percent lower than average. Futures climbed 27 cents to $97.65 on Dec. 6, the highest close since Oct. 29.

Gold prices rise on recovery in stock markets and investor uncertainty in term of reducing the incentives Fed .

Most Asian stock markets rose on Monday due to the rise on Wall Street on Friday, good indicators of foreign trade of China and a weaker yen .

Markets were supported by published data output on the rising China's trade surplus , which was the highest in nearly five years. Exports grew by 12.7% compared to the same period last year, while imports - by 5.3%.

Also, as reported on Monday the National Bureau of Statistics, China's CPI in November rose by 3.0 % compared to the same period last year , after rising 3.2% in October.

Trade data and consumer prices in China in November indicated to improve the prospects of GDP growth , weakening fears that inflation hurts the second largest economy in the world .

Support for gold in the near future may give short-covering in connection with the Fed forecasts reduce the incentives in December.

From the beginning, gold fell by 27 percent due to the improvement of the U.S. economy and the transfer of funds to the equity markets .

Stocks of the world's largest exchange-traded fund backed by gold (ETF) SPDR Gold Trust on Friday fell 3 tons to 835.71 tons - the minimum volume since the beginning of 2009.

The cost of the December gold futures on the COMEX today rose to $ 1238.60 per ounce.

U.S. stock-index futures rose, as investors weighed economic reports from Asia and awaited the outcome of budget negotiations in Washington.

Globalmarkets:

Nikkei 15,650.21 +350.35 +2.29%

Hang Seng 23,811.17 +68.07 +0.29%

Shanghai Composite 2,238.2 +1.09 +0.05%

FTSE 6,550.17 -1.82 -0.03%

CAC 4,129.02 -0.35 -0.01%

DAX 9,208.25 +35.84 +0.39%

Crude oil $97.81 (+0.16%).

Gold $1231.60 (+0.21%).

USD/JPY Y102.50, Y102.65, Y102.75, Y103.00, Y103.10, Y103.20, Y103.25, Y103.50

EUR/USD $1.3590, $1.3600, $1.3700, $1.3750

USD/CHF Chf0.9150

AUD/USD $0.8900, $0.9100, $0.9190

USD/CAD C$1.0600, C$1.0620, C$1.0670

Data

00:30 Australia Index number of vacancies from ANZ, m / m -0.1% in November 0.8%

1:30 China Producer Price Index y / y in November -1.5 % -1.5 % -1.4 %

1:30 China Consumer Price Index y / y +3.2 % +3.0 November % +3.0 %

05:00 Japan index of the current situation of the Eco Watchers November 51.8 52.3 53.5

05:00 Japan : Outlook Eco Watchers Survey: November 54.5 54.7 54.8

6:45 Switzerland November unemployment rate of 3.2% 3.2 % 3.2 %

7:00 Germany Balance of Payments, 19.7 billion in October 17.1 19.1

7:00 Germany Trade Balance, 18.8 billion in October 17.4 16.8

8:15 Switzerland Retail Sales y / y in October +1.0 % +1.7% +1.2 %

09:30 EU indicator of investor confidence Sentix October 9.3 10.5 8.0

10:00 EU Eurogroup Meeting

11:00 Germany Industrial Production ( m / m) in October -0.9% +0.8% -1.2 %

11:00 Germany Industrial Production y / y in October +1.0 % +3.1% +1.0 %

The euro exchange rate rose slightly against the dollar, helped by positive data on the balance of payments in Germany. As it became known , the surplus of the current account balance Germany in October fell not so much as expected. Unadjusted he declined to 19.1 billion euros against a revised 20.0 billion euros in September. It's more than economists forecast , which was 16.8 billion euros

Nevertheless, the positive part of this was offset by other data , which showed that the trade surplus with adjustments for seasonal and calendar factors in October fell to 16.8 billion euros compared with 18.7 billion euros in September. It was also less than economists forecast , which was 17.4 billion euros.

We also add that bullish about the single currency has persisted despite the drop in the index of investor sentiment Sentix to 8 vs. 10.4 and the previous value of 9.3. Experts note that the growth momentum of the eurozone remains too slow to eliminate the risks of disinflation / deflation. So , on the agenda is the prospect of easing by the ECB , which is negative for the euro

It should also be noted that the euro was little reaction to weak report on industrial production , which showed a decrease in volume by 1.2 % in October , although expected to grow by 0.8%.

The yen traded cautiously against the dollar, despite the fact that the published data were worse than expected . Report from the Cabinet Office showed that the Japanese economy in the third quarter increased by 0.3 %. According to preliminary data, the growth was at 0.5% . Revision due to the fact that capital investments were lower than the original estimate, due to weak foreign demand . Compared with the first half of the year growth has slowed considerably - when he was about 4.0 %, which overtook the U.S. growth . The government and the central bank of Japan expect recovery of exports and business investment in the country, which is seen as necessary in order that the economy continued to increase after the increase in the sales tax in April next year . However, the government revised data for capital expenditure from 0.7% in the preliminary estimate of GDP to change no change . Has also been reduced growth rate of reserves - to 0.7 % on an annualized basis Revision of data on GDP growth downward confirms the fragility of economic recovery in Japan , to benefit from short-term demand growth before sales tax increase in April.

EUR / USD: during the European session, the pair rose to $ 1.3729

GBP / USD: during the European session, the pair rose to $ 1.6390

USD / JPY: during the European session, the pair traded in a narrow range of Y102.88-Y103.20

At 13:15 GMT , Canada will release data on the number of Housing Starts for November. At 23:50 GMT Japan BSI to publish an index of business conditions for large manufacturers and business conditions index (BSI) for large enterprises in all sectors for the 4th quarter , as well as the index of activity in the services sector in October.

EUR/USD

Offers $1.3830/35, $1.3810/20, $1.3800, $1.3780/85, $1.3770, $1.3750, $1.3730

Bids $1.3685/80, $1.3670, $1.3650, $1.3620

GBP/USD

Offers $1.6450, $1.6390/405, $1.6375, $1.6360

Bids $1.6300/290, $1.6275/70, $1.6260/50, $1.6240, $1.6220

AUD/USD

Offers $0.9200, $0.9180, $0.9165/70, $0.9150

Bids $0.9070/65, $0.9050, $0.9035/30, $0.8980, $0.8950

EUR/JPY

Offers Y143.00, Y142.50/65, Y142.00/10, Y141.55

Bids Y140.70, Y140.10/00, Y139.50/40, Y139.10/00, Y138.50/40, Y138.20, Y138.00

USD/JPY

Offers Y104.00, Y103.80, Y103.60, Y103.50, Y103.00-25

Bids Y102.90/80, Y102.45, Y101.50, Y101.20-00

EUR/GBP

Offers stg0.8500, stg0.8475/80, stg0.8440, stg0.8415/20, stg0.8395/400

Bids stg0.8365, stg0.8330/20, stg0.8300/290, stg0.8260/50

European stocks were little changed as a gauge of mining companies declined, offsetting a report that showed Chinese exports climbed more than expected. U.S. index futures were little changed, while Asian shares gained.

The Stoxx Europe 600 Index decreased 0.2 percent to 316.01 at 10:35 a.m. in London after earlier gaining as much as 0.3 percent. The equity benchmark has rallied 13 percent in 2013 as central banks around the world pledged to leave interest rates near record lows for a prolonged period of time.

China’s exports rose 12.7 percent last month from a year earlier. The release from the General Administration of Customs yesterday also showed that imports increased 5.3 percent, falling short of the median estimate of 7 percent. The country’s trade surplus widened to $33.8 billion in November, the biggest gap since January 2009.

In the U.S., lawmakers have until Friday to agree on a deal to limit automatic spending cuts to the federal budget. Aides to the chief negotiators -- Paul Ryan for the Republicans and Patty Murray for the Democrats -- said that they will probably find a compromise to reduce the cuts by $100 billion to $200 billion for one or two years.

Monte Paschi (BMPS) gained 4.4 percent to 17 euro cents. The foundation that owns almost 38 percent of Italy’s third-largest lender said it would consider a share sale taking place on or after May 12, according to a statement.

Sky Deutschland AG jumped 4.1 percent to 8.04 euros after the German pay-television provider controlled by Rupert Murdoch’s News Corp. acquired the rights to broadcast Champions League soccer matches in Europe’s largest economy through 2018.

British Sky Broadcasting Group Plc, which is also owned by Murdoch, lost the contest to televise Europe’s most important club soccer competition in the U.K. last month. BSkyB’s shares slumped 11 percent on Nov. 11, the first trading day after BT Group Plc announced it had the exclusive live rights to show all Champions League and Europa League games.

FTSE 100 6,539.63 -12.36 -0.19%

CAC 40 4,115.52 -13.85 -0.34%

DAX 9,178.39 +5.98 +0.07%

USD/JPY Y102.50, Y102.65, Y102.75, Y103.00, Y103.10, Y103.20, Y103.25, Y103.50

EUR/USD $1.3590, $1.3600, $1.3700, $1.3750

USD/CHF Chf0.9150

AUD/USD $0.8900, $0.9100, $0.9190

USD/CAD C$1.0600, C$1.0620, C$1.0670

Asian stocks rose for the first time in four days after better-than-forecast growth in U.S. jobs and Chinese exports boosted investor confidence that cuts to Federal Reserve stimulus won’t derail the global economic recovery.

Nikkei 225 15,650.21 +350.35 +2.29%

Hang Seng 23,805.49 +62.39 +0.26%

S&P/ASX 200 5,144.42 -41.60 -0.80%

Shanghai Composite 2,238.2 +1.09 +0.05%

Techtronic Industries Co., a maker of power tools that gets about 73 percent of sales from North America, gained 1.2 percent in Hong Kong.

State Bank of India, the nation’s biggest lender, climbed 1.8 percent as the benchmark S&P BSE Sensex Index headed for a record close.

QBE Insurance Group Ltd. tumbled 22 percent after Australia’s largest insurer by market value forecast an unexpected loss of about $250 million due to writedowns at its North American operations.

00:30 Australia ANZ Job Advertisements (MoM) November -0.1% -0.8%

01:30 China PPI y/y November -1.5% -1.5% -1.4%

01:30 China CPI y/y November +3.2% +3.0% +3.0%

05:00 Japan Eco Watchers Survey: Current November 51.8 52.3 53.5

05:00 Japan Eco Watchers Survey: Outlook November 54.5 54.7 54.8

The dollar remained higher against the yen before regional Federal Reserve presidents speak amid speculation the U.S. central bank will consider reducing monetary stimulus as early as next week.

St. Louis Fed President James Bullard, who has said policy makers could taper at this month’s meeting, and Dallas Fed President Richard Fisher will speak separately today. St. Louis Fed President Bullard said on Nov. 20 a strong jobs report could increase the chances of slowing the pace of bond purchases this month. The Dallas Fed’s Fisher, who will vote on policy next year, said on Dec. 5 the Fed at the start of tapering purchases should provide “a definite path as to when we reach zero.”

The euro reached a five-year high versus the yen before data forecast to show a pickup in industrial production in Germany, Europe’s largest economy. German industrial production probably increased 0.7 percent in October from the previous month, when it contracted 0.9 percent, according to the median estimate of economists surveyed by Bloomberg News before the data today.

Australia’s dollar held a two-day gain after China trade surplus increased to a four-year high. In China, the trade surplus widened to $33.8 billion, the biggest since January 2009, data from the General Administration of Customs showed yesterday in Beijing. China is Australia’s biggest trading partner.

EUR / USD: during the Asian session, the pair rose to $ 1.3720

GBP / USD: during the Asian session the pair fell to $ 1.6320

USD / JPY: on Asian session the pair traded in the range of Y102.85-35

A data light day in the UK with moves to come from continued analyst fallout from Friday's strong NFP and its possible effects on the US taper timetable.

00:30 Australia ANZ Job Advertisements (MoM) November -0.1%

01:30 China PPI y/y November -1.5% -1.5%

01:30 China CPI y/y November +3.2% +3.0%

05:00 Japan Eco Watchers Survey: Current November 51.8 52.3

05:00 Japan Eco Watchers Survey: Outlook November 54.5 54.7

06:45 Switzerland Unemployment Rate November 3.2% 3.2%

07:00 Germany Current Account October 19.7 17.1

07:00 Germany Trade Balance October 18.8 17.4

08:15 Switzerland Retail Sales Y/Y October +1.0% +1.7%

09:30 Eurozone Sentix Investor Confidence October 9.3 10.5

10:00 Eurozone Eurogroup Meetings

11:00 Germany Industrial Production s.a. (MoM) October -0.9% +0.8%

11:00 Germany Industrial Production (YoY) October +1.0% +3.1%

13:15 Canada Housing Starts November 198 195

17:15 United Kingdom BOE Gov Mark Carney Speaks

18:05 U.S. FOMC Member James Bullard Speaks

23:50 Japan BSI Manufacturing Index Quarter IV 15.2 17.2

23:50 Japan Tertiary Industry Index October -0.2% +0.3%