The euro exchange rate has recovered from lows against the dollar, but in spite of it, continues to be near the opening level of the day . Note that a couple can not determine the direction against the background of cautious optimism about reaching an agreement in the United States .

Add that Republicans today sent the Obama plan to raise the debt ceiling for a period of 6 weeks , according to House Speaker Boehner and the leaders of the Republican Party in the recent press release . They want to see that President Obama will propose in return.

Boehner also said that later he will take part in the discussion of " shatdauna " and the issue of deficit reduction with President Obama.

On the other hand, a source in the White House, said the WSJ, that the administration would like to discuss not only the short-term but also long-term increase in the debt ceiling. " For the economy will be better if Congress will remove the threat of default as far as possible ."

Republicans in the House of Representatives began talks yesterday, but it is not clear whether they will demand something in return increase the "ceiling."

The pound rose slightly against the dollar, despite the fact that the meeting of the Monetary Policy Committee of the Bank of England did not bring any surprises .

Note that the Bank of England left its key interest rate and bond purchase program unchanged, as the recovery of the UK economy has shown signs of improvement.

The nine members of the Monetary Policy Committee of the Bank of England , led by Mark Carney has kept its key interest rate at a record low of 0.5 percent and a program of bond purchases at around 375 billion pounds ( 598 billion dollars), which corresponds to the forecast of economists surveyed by Bloomberg News. In August, the Bank of England said it will not raise borrowing costs until the end of 2016.

MPC said that he would consider raising the key interest rate at least until the unemployment rate drops to 7 percent from 7.7 percent, that is until the end of 2016.

Carney said in an interview last month that he does not see the argument for the expansion of quantitative easing , and Minutka the September MPC meeting showed that all nine members agreed that the current policy is appropriate. Minutes of this meeting will be published on 23 October.

The yen fell against the dollar amid little progress in addressing the issue of budget dollars, and the statements of the Bank of Japan.

Bank of Japan Kuroda was made today in the United States , saying that the Bank of Japan will do its utmost to fight deflation .

Speaking in New York, Kuroda spoke out in defense of the program of asset purchases , calling their effects " encouraging." He added: " We believe that continuing to apply these measures , we will defeat deflation ."

Inflation target of the Bank of Japan on 2- year period is still 2% , and it expects to double the money supply by the end of 2014.

These comments concerned the policies of the Bank of Japan. While most of the B10 combine ultra-soft monetary policy with a moderate reduction of expenses , Japan continued expansionary policies to stimulate consumption.

In the short term, the yen rose against the debt ceiling in the United States . While the yen's rise affects the export sector in the short and long term, Kuroda said that the policy of the Central Bank rather aimed at stimulating demand rather than on achieving the target level of the currency.

European stocks rose the most in five weeks amid signs U.S. lawmakers will agree on a compromise deal to avoid an unprecedented default.

The Stoxx 600 added 1.7 percent to 310.18, its highest level since Sept. 2, as U.S. President Barack Obama prepared to meet Republican lawmakers to discuss the federal budget and debt limit. The benchmark gauge yesterday declined for a third day amid concern that the impasse may lead to a default.

National benchmark indexes advanced in all 18 western European markets.

FTSE 100 6,430.49 +92.58 +1.46% CAC 40 4,218.11 +91.06 +2.21% DAX 8,685.77 +169.08 +1.99%

House Republican and Senate Democratic leaders are open to a short-term increase in the $16.7 trillion debt limit, said congressional aides of both parties who spoke on condition of anonymity. Economists say a failure by the world’s largest borrower to repay its debt will devastate stock markets and throw the U.S. and world economies into a recession.

The U.S. government is in its 10th day of a partial shutdown and has just a week before the government’s borrowing authority lapses Oct. 17. Obama meets with 18 House Republican leaders and committee chairmen at 4:35 p.m. in Washington.

In Europe, the Bank of England left its benchmark interest rate unchanged today. Reports showed industrial output in France rose 0.2 percent in August, the first increase in four months. That fell short of the median estimate of economists, which forecast a 0.6 percent gain. A similar measure of output in Italy dropped 0.3 percent in August. Economists had projected a 0.6 percent increase.

Ladbrokes (LAD) rallied 2.7 percent to 184.7 pence, posting the biggest two-day gain since April 2009. A mystery buyer, thought to be Sagi, bought a stake in the U.K. bookmaker, the Telegraph reported. The deal, through Shore Capital, was just below the 3 percent disclosure limit, according to the Telegraph. CGG jumped 2.1 percent to 15.84 euros. The oilfield surveyor said third-quarter vessel-production rate increased to 94 percent, from 90 percent in the same quarter last year and 92 percent in the second quarter of this year.

Arkema SA (AKE) added 4.7 percent to 83.95 euros. UBS AG raised its rating on the French chemicals maker to a buy from neutral, saying the stock is undervalued. The firm also boosted its price target to 100 euros from 80 euros.

Hays Plc gained 2.1 percent to 118 pence. The U.K’s largest professional-recruitment agency said first-quarter net fees rose 2 percent from last year on a comparable basis.

Mediaset SpA rallied 4.7 percent to 3.46 euros. HSBC Holdings Plc lifted its price target on the broadcaster controlled by former Italian Prime Minister Silvio Berlusconi to 2.60 euros from 1.50 euros. The firm maintained its underweight recommendation, which is similar to sell.

The cost of oil futures increased significantly , rising at the same time above $ 111 per barrel, which is primarily due to the reports of the kidnapping and release of the Prime Minister of Libya.

Note that the grouping of former Libyan rebels freed Prime Minister Ali Zeidan , who earlier today was kidnapped from hotel in Tripoli in retaliation for the U.S. intelligence assistance in tracking down one of the leaders of the extremist network " Al- Qaeda .

Meanwhile , we add that the impact on the course of trade has also had a report from OPEC. In its monthly report, OPEC reduced the forecast of demand for crude oil produced by its members , to 230,000 barrels a day compared with the September report to 30.49 million barrels per day. Forecast for 2014 was lowered by 50,000 bpd to 29.56 million.

According to sources , in September, average daily production of OPEC was 30.05 million barrels , slightly above the limit set by the cartel of 30 million, despite the decline in production in Iraq and Libya. According to the calculations of OPEC, the average daily global oil consumption next year will increase by 1.04 million barrels.

In addition, many market participants continue to evaluate yesterday's report from the Energy Information Administration , which showed that U.S. crude inventories last week rose 6.8 million barrels , the forecast increase of 1.5 million. Over the last three weeks inventories rose by 14.9 million barrels , the biggest three-week gain since April 2012 .

Also today it was announced that the Shell shut down its oil pipeline in Nigeria because of reports of leaks . The pipeline capacity 150,000 barrels per day resumed work only 10 days ago.

Add that oil prices were also supported by reports that there were signs of progress in resolving the issue of the budget and avoid a possible default .

The cost of the November futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 103.17 a barrel on the New York Mercantile Exchange.

November futures price for North Sea Brent crude oil mixture rose $ 2.53 to $ 111.55 a barrel on the London exchange ICE Futures Europe.

Gold prices fell slightly , dropping at the same time to $ 1,300 an ounce on Thursday, as there were early successes in resolving the issue of the budget and the national debt ceiling . It should be noted that representatives of both Republicans and Democrats on the eve of reported willingness to consider the possibility of temporarily increasing the upper limit of the debt. Republicans say about 4-6 weeks , which can raise the level of gosdogla , thereby avoiding a default and deciding it's time for questions from the budget. The idea of ​​a temporary increase in the debt ceiling also supported the administration of President Obama , while noting that they prefer long-term solutions. However , this is only temporary and superficial solution that does not solve the problem, but only allows you to buy some time , but at the moment it is enough to have a positive impact on the markets , as the probability of default on this background is significantly reduced.

In addition, we add that the course of trade continued to influence the protocol presented last September meeting of the FOMC, which revealed the decision to delay folding of the QE program was close to realization. Camp doves on the Committee defeated the hawks , saying the economic recovery is too fragile to start folding. The newly nominated successor, Fed Chairman Ben Bernanke confirmed the assumption that the new head will be the same as the old one, is firmly entrenched in the squad pigeons and maintaining ultra accommodative policy. If under normal circumstances, the protocol would have worn more critical, pointing to the possibility of folding in October , the " shatdaun " and uncertainty over the debt ceiling have dropped steadily reduce the probability of launching incentive for 2014 .

Note that the price of gold has fallen by about 22 percent this year on expectations that the Fed will cut its monthly bond purchases.

Meanwhile , we add that the physical buying of the metal were also unable to grow in spite of the decline in prices. " The concern is the lack of physical demand from China in the past two sessions: the physical premiums in Hong Kong actually fell , and orders are not so much" , said in a note ISS SA.

It is worth mentioning that today the Morgan Stanley analysts lowered the outlook for the gold price . In 2014, gold will continue to decline amid expectations that the Fed will cut incentives, as the U.S. economy recovers , according to Morgan Stanley. Goldman Sachs Group Inc. and Credit Suisse Group AG also expect that the market will be dominated by bears.

"We recommend to stay away from gold at this stage of the cycle ," - said analyst Joel Crane . The price of the precious metal will average U.S. $ 1,313 per ounce in 2014 , compared to 1420 dollars this year , according to a quarterly report by Morgan Stanley metals.

"Gold will continue to fall in the next year , because the U.S. economic recovery will continue after lawmakers leave the situation ", - said Jeffrey Currie, head of commodities research at Goldman goods. Precious metals will be the average decline each year until 2018 , predicts Morgan Stanley.

The cost of the December gold futures on COMEX today dropped to $ 1301.00 per ounce.

EUR/USD $1.3465, $1.3495, $1.3510, $1.3525, $1.3550, $1.3560, $1.3600, $1.3620

USD/JPY Y96.00, Y96.25, Y97.00, Y97.10, Y97.30, Y98.10

EUR/JPY Y132.80

GBP/USD $1.5950, $1.6000, $1.6070, $1.6125

EUR/GBP stg0.8410, stg0.8520

USD/CHF Chf0.9000

AUD/USD $0.9385, $0.9400, $0.9450, $0.9500

AUD/JPY Y90.00

USD/CAD C$1.0315, C$1.0330

U.S. stock-index futures climbed amid signs the nation’s lawmakers may agree on a compromise deal to avoid a debt default..

Global Stocks:

Nikkei  14,194.71 +156.87 +1.12%

Hang Seng 22,951.3 -82.67 -0.36%

Shanghai Composite 2,190.93 -20.84 -0.94%

FTSE  6,389.11 +51.20 +0.81%

CAC  4,194.83 +67.78 +1.64%

DAX 8,627.28 +110.59 +1.30%

Crude oil $101.35 -0.26%

Gold $1300.10 -0.54%

Upgrades:

Hewlett-Packard (HPQ) upgraded to Hold from Underperform at Needham  

Hewlett-Packard (HPQ) upgraded to Sector Perform from Underperform at RBC Capital Mkts

Hewlett-Packard (HPQ) upgraded to Neutral from Underperform at Mizuho

Downgrades:

Other:

Google (GOOG) target lowered to $900 from $966 at Telsey Advisory Group

Boeing (BA) initiated with a Buy at Canaccord Genuity

EUR/USD

Offers $1.3650, $1.3600/10, $1.3580/85, $1.3560/70

Bids $1.3485/80, $1.3460/50, $1.3420

GBP/USD

Offers $1.6120/25, $1.6100, $1.6070/80, $1.6040/50, $1.6020, $1.5990/600

Bids $1.5914-00, $1.5870, $1.5850/40, $1.5820, $1.5800

AUD/USD

Offers $0.9550, $0.9500, $0.9480/85

Bids $0.9380, $0.9350, $0.9320

EUR/JPY

Offers Y133.00, Y132.80, Y132.50, Y132.35/40

Bids Y131.90/80, Y131.50, Y131.25/20, Y131.00

USD/JPY

Offers Y98.50, Y98.20, Y97.95/00

Bids Y97.20, Y97.00, Y96.85/80, Y96.55/50

EUR/GBP

Offers stg0.8550/55, stg0.8520/25, stg0.8495/500

Bids stg0.8455/50, stg0.8425/15, stg0.8400, stg0.8370/65, stg0.8320, stg0.8300

EUR/USD $1.3465, $1.3495, $1.3510, $1.3525, $1.3550, $1.3560, $1.3600, $1.3620

USD/JPY Y96.00, Y96.25, Y97.00, Y97.10, Y97.30, Y98.10

EUR/JPY Y132.80

GBP/USD $1.5950, $1.6000, $1.6070, $1.6125

EUR/GBP stg0.8410, stg0.8520

USD/CHF Chf0.9000

AUD/USD $0.9385, $0.9400, $0.9450, $0.9500

AUD/JPY Y90.00

USD/CAD C$1.0315, C$1.0330

Asian stocks swung between gains and losses as health care shares rose while energy companies and materials producers declined. Japanese equities climbed as the yen weakened.

Nikkei 225 14,194.71 +156.87 +1.12%

Hang Seng 22,951.3 -82.67 -0.36%

S&P/ASX 200 5,147.14 -5.85 -0.11%

Shanghai Composite 2,211.77 +13.57 +0.62%

BHP Billiton Ltd., the world’s biggest mining company, fell 0.6 percent in Sydney to the lowest close since July 29.

Alfresa Holdings Corp., which makes drugs and medical devices, gained 3.1 percent in Tokyo.

Honda Motor Co., the Japanese carmaker that gets almost half its sales in North America, added 2.5 percent as the yen slid for a third day on optimism the U.S. government will avoid default.

Sa Sa International Holdings Ltd. dropped 5.3 percent in Hong Kong after Credit Suisse Group AG said the cosmetic retailer’s sales during China’s week-long holiday missed estimates.

The U.S. Dollar Index reached a two-week high as U.S. Congressional leaders were said to be open to a short-term increase in the nation’s debt limit. House Republican and Senate Democratic leaders are open to a short-term increase in the debt limit, said congressional aides of both parties who spoke on condition of anonymity. The movement comes after House Democrats met with President Barack Obama at the White House. A small group of House Republicans are scheduled to meet with the president today.

The yen slid versus most major peers before Bank of Japan Governor Haruhiko Kuroda speaks today. The BOJ’s Kuroda is scheduled to speak today at the Council on Foreign Relations in New York. In April, he announced a plan to buy more than 7 trillion yen ($71.6 billion) of Japanese government bonds per month to achieve 2 percent inflation in two years.

Australia’s dollar weakened after data showed a smaller-than-forecast gain in employment. Australian employers added 9,100 jobs in September, government figures showed today, fewer than the 15,000 gain estimated by economists surveyed by Bloomberg News. The unemployment rate dropped to 5.6 percent last month from a four-year high of 5.8 percent in August. Analysts had forecast the figure would be unchanged.

Demand for the euro was supported ahead of data today forecast to show industrial output gained in France and Italy. In Europe, industrial output in France probably rose 0.6 percent in August from July, the first increase in four months, according to the median estimate of economists surveyed by Bloomberg News. Factory production in Italy is forecast to have gained 0.6 percent in August. The nations have the biggest economies in the euro region after Germany.

EUR / USD: during the Asian session the pair fell to $ 1.3485

GBP / USD: during the Asian session, the pair fell to $ 1.5910

USD / JPY: during the Asian session the pair rose to Y97.80

There is no UK data set for release, but the Bank of England October policy decision is expected at 1100GMT. The chances of a change in policy are very slight indeed. It is also unlikely that the MPC will issue a statement giving their views on market rate expectations after MPC member Paul Fisher said that the BOE did not want to give a running commentary on market rate expectations.

GOLD 1,306.90  -17.30 -1.31%

OIL (WTI) 101.52  -1.97 -1.90%

Nikkei 225 14,037.84 143,23 1,03%

Hang Seng 23,033.97 -144,88 -0,63%

S & P / ASX 200 5,152.99 +3.54 +0.07%

Shanghai Composite 2,198.2 23,53 1,08%

FTSE 100 6,337.91 -27.92 -0.44%

CAC 40 4,127.05 -6.48 -0.16%

DAX 8,516.69 -39.20 -0.46%

Dow +28.64 14,805.17 +0.19%

Nasdaq -17.05 3,677.78 -0.46%

S&P +0.91 1,656.36 +0.05%

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

EUR/USD $1,3523 -0,36%

GBP/USD $1,5953 -0,82%

USD/CHF Chf0,9100 +0,66%

USD/JPY Y97,36 +0,49%

EUR/JPY Y131,66 +0,14%

GBP/JPY Y155,31 -0,32%

AUD/USD $0,9446 +0,28%

NZD/USD $0,8300 +0,19%

USD/CAD C$1,0392 +0,23%

00:00 Australia Consumer Inflation Expectation October +1.5%

00:30 Australia Unemployment rate September 5.8% 5.8%

00:30 Australia Changing the number of employed September -10.8 15.2

05:00 Japan Consumer Confidence September 43.0 43.8

06:45 France Industrial Production, m/m August -0.6% +0.7%

06:45 France Industrial Production, y/y August -1.8% -2.8%

08:00 China New Loans September 711 669

08:00 Eurozone ECB Monthly Report October

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

11:45 Japan BOJ Governor Haruhiko Kuroda Speaks

12:30 Canada New Housing Price Index August +0.2% +0.3%

12:30 U.S. Initial Jobless Claims October 308 307

13:45 U.S. FOMC Member James Bullard Speaks

16:00 Japan BOJ Governor Haruhiko Kuroda Speaks

16:20 Eurozone ECB President Mario Draghi Speaks

21:45 New Zealand Food Prices Index, m/m September -0.5%

21:45 New Zealand Food Prices Index, y/y September +0.3%