The euro depreciated markedly against the U.S. dollar, which has been associated with the release of ambiguous data from the institute ZEW, as well as optimism about budget issues .

As shown by the results of recent studies that have been submitted to the Centre for European Economic Research ZEW, the level of German economic sentiment rose significantly in October , reaching with its highest level in more than three years.

According to the report , the October index of sentiment in the business environment has increased to the level of 52.8 points, compared with 49.6 in September. Note that the last value of this index was the highest since April 2010 . Many economists had forecast the index to rise slightly , and reach a level of 59.4 . For comparison, we add that historically the average value of the index is 23.9 points.

Meanwhile, it was reported that the index , which reflects the view of the current economic situation in Germany, fell in October to the level of 29.7, compared with 30.6 in September. It is predicted the figure would rise to the level of 31.3 points.

Meanwhile, data released today also showed that the index of business sentiment in the euro area increased ">The pound had previously received a temporary boost from data on inflation in Britain, which came out more than expected , thereby reducing the likelihood that the Bank of England will expand QE program from the current level of GBP375 billion

As shown by the latest report , which was submitted to the Office for National Statistics , at the end of last month , consumer price inflation in the UK has remained unchanged - at 2.7 percent. Note that inflation continues to remain above the target level of the central bank - at around 2 percent. Economists forecast that the annual inflation rate to fall to 2.6 per cent .

A monthly basis, consumer prices rose in September by 0.4 percent, while showing the same growth rate , which was recorded in August.

In addition, it was reported that CPIH - a new measure of inflation , which includes the cost of home owners rose by 2.5 percent compared to the previous year , remained unchanged from August .

The Office for National Statistics also reported that core inflation, which excludes prices of energy , food , alcoholic drinks and tobacco rose in September to 2.2 percent from 2 percent in August. Inflation is projected to remain at the level was 2 percent.

While this news was a supporting factor for the pound , the improvement of macroeconomic indicators in Britain in recent years suggests that additional QE measures are required. Instead, the market's attention will be focused on unemployment , as head of the Bank of England Carney made ​​it clear that the passage of the threshold of 7% will be the signal for the Central Bank to explore opportunities to increase the rate.

European stocks rose a fourth straight session , this is the longest winning streak in the last two months. Note that this dynamics , primarily related to optimism that the leaders of the Senate of the United States will be able to resume the work of the U.S. government and avoid violating the debt limit .

The pan-European stock index Stoxx Europe 600 index rose 0.83 % to 314.82 - this is the maximum for nearly a month. Inhibit the growth of the European market data on quarterly profits. Analysts lowered the forecast earnings of companies included in the STOXX 600 , up 3% compared with the beginning of the third quarter.

It should also be noted that the impact on the bidding had data for Germany , which showed that investor confidence has increased significantly - up to the level of 52.8 from 49.6 in September. We add that the latest reading was the highest since April 2010 . Economists had expected a decline of this indicator to the level of 49.2 .

As shown by the latest report , which was submitted to the Office for National Statistics , at the end of last month , consumer price inflation in the UK has remained unchanged - at 2.7 percent. Note that inflation continues to remain above the target level of the central bank - at around 2 percent. Economists forecast that the annual inflation rate to fall to 2.6 per cent . A monthly basis, consumer prices rose in September by 0.4 percent, while showing the same growth rate , which was recorded in August. In addition, it was reported that CPIH - a new measure of inflation , which includes the cost of home owners rose by 2.5 percent compared to the previous year , remained unchanged from August .

The Office for National Statistics also reported that core inflation, which excludes prices of energy , food , alcoholic drinks and tobacco rose in September to 2.2 percent from 2 percent in August. Inflation is projected to remain at the level was 2 percent. Meanwhile, another report from the ONS showed that the Producer Price Inflation slowed again in September , registering with the second monthly decline .

FTSE 100 6,549.11 +41.46 +0.64%, CAC 40 4,256.02 +33.06 +0.78%, DAX 8,804.44 +80.63 +0.92%

Rio Tinto rose 4.3 percent. The second -largest mining company, said that in the three months to September 30 was produced 53.4 million tons of iron ore , up from 52.6 million tons a year earlier . Experts expect growth to 53.3 million tons.

Ashtead increased by 3 percent after analysts at JPMorgan upgraded the stock to a level of "buy" from "neutral" , saying that the profits could increase by 41 percent in the 2016 fiscal year on a recovery in the markets.

Man Group Plc rose 4.2 percent as UBS AG added shares of the world's largest public hedge fund to list on the purchase, citing the recent successes block GLG Partner

West Texas Intermediate dropped as world powers held talks with Iran on its nuclear program and the dollar strengthened amid optimism that Senate leaders will reach an agreement to raise the U.S. debt limit.

Prices slid as much as 1.2 percent on Iranian proposals to end a decade-long standoff as two days of negotiations with the U.S., U.K., France, Germany, Russia and China started today in Geneva. Iran is demanding a relaxation of the international sanctions against its oil exports. The dollar advanced against the euro for the first time in three days as Senate leaders were poised to reach an agreement to halt the fiscal impasse.

WTI for November delivery declined 42 cents, or 0.4 percent, to $101.99 a barrel at 10:53 a.m. on the New York Mercantile Exchange. Trading volume was about 12 percent below the 100-day average.

Brent for November settlement, which expires tomorrow, fell 69 cents, or 0.6 percent, to $110.35 a barrel on the London-based ICE Futures Europe exchange. The more-active December contract lost 49 cents to $109.75. The front-month European benchmark was at a premium of $8.36 to WTI after narrowing for the first time in six sessions yesterday to $8.63.

The price of gold fell to three-month low on Tuesday, but the decline during the day partially offset during the U.S. session.

An important factor in the price of gold is waiting for an agreement on the resumption of the activities of the U.S. government and increase the national debt limit , and today the expectation that Republicans and Democrats will come to an agreement before the deadline of October 17 has increased .

Experts point out that the demand for physical gold continues to be a strong part of China , but declined significantly from Europe and North America, and the withdrawal of exchange-traded funds continues , adding the gold supply in low demand.

On the background of the fact that the demand for gold as a " safe haven " decreased after the market close believed in complete political deadlock in the U.S. , the price rose . U.S. senators said on Monday that the ongoing negotiations for a month on public expenditure close to the junction , which will resume the work of government institutions and the threat of default set aside for several months.

In the event that an agreement will be officially announced as early as can be expected , however , the growth of the gold price , as the market focus will return to the incentive policies of central banks , which are expected to continue. And earlier " quantitative easing " was accompanied by a strong rise in the gold price.

Another factor in reducing the price of gold has now become a significant strengthening of the dollar against major currencies , making dollar-denominated price of the relatively higher .

Stocks of the world's largest exchange-traded fund backed by gold (ETF) SPDR Gold Trust on Monday fell by 1.85 tons to 889.13 tons of four-year low , indicating a loss of investor confidence.

The cost of the December gold futures on COMEX today dropped to $ 1251.00 per ounce.

EUR/USD $1.3475, $1.3550, $1.3575, $1.3600, $1.3625

USD/JPY Y98.00, Y98.65, Y98.75(large), Y99.00(large)

EUR/JPY Y133.25

GBP/USD $1.5900, $1.6100

EUR/GBP stg0.8450, stg0.8500

USD/CHF Chf0.9110, Chf0.9165

EUR/CHF Chf1.2400

AUD/USD $0.9500

USD/CAD C$1.0350, C$1.0390, C$1.0400, C$1.0430

Upgrades:

Microsoft (MSFT) upgraded from Hold to Buy at Jefferies

Downgrades:

Other:

Data

00:30 Australia RBA Meeting's Minutes October

00:30 Australia New Motor Vehicle Sales (MoM) September +0.7% Revised From +0.8% -0.1%

00:30 Australia New Motor Vehicle Sales (YoY) September +0.2% -3.5%

04:30 Japan Industrial Production (MoM) (Finally) August -0.7% -0.7% -0.9%

04:30 Japan Industrial Production (YoY) (Finally) August -0.2% -0.2% -0.4%

06:45 France CPI, m/m September +0.5% -0.3% -0.2%

06:45 France CPI, y/y September +0.9% +0.9% +1.0%

08:30 United Kingdom Retail Price Index, m/m September +0.5% +0.4% +0.4%

08:30 United Kingdom Retail prices, Y/Y September +3.3% +3.2% +3.2%

08:30 United Kingdom RPI-X, Y/Y September +3.3% +3.2% +3.2%

08:30 United Kingdom Producer Price Index - Input (MoM) September -0.2% -0.1% -1.2%

08:30 United Kingdom Producer Price Index - Input (YoY) September +2.8% +2.2% +1.1%

08:30 United Kingdom Producer Price Index - Output (MoM) September +0.1% -0.1% -0.1%

08:30 United Kingdom Producer Price Index - Output (YoY) September +1.6% +1.3% +1.2%

08:30 United Kingdom HICP, m/m September +0.4% +0.3% +0.4%

08:30 United Kingdom HICP, Y/Y September +2.7% +2.6% +2.7%

08:30 United Kingdom HICP ex EFAT, Y/Y September +2.0% +2.0% +2.2%

09:00 Eurozone ZEW Economic Sentiment October 58.6 59.4 59.1

09:00 Germany ZEW Survey - Economic Sentiment October 49.6 49.2 52.8

The euro exchange rate depreciated markedly against the U.S. dollar, which has been associated with the release of ambiguous data from the institute ZEW, as well as optimism about budget issues .

As shown by the results of recent studies that have been submitted to the Centre for European Economic Research ZEW, the level of German economic sentiment rose significantly in October , reaching with its highest level in more than three years.

According to the report , the October index of sentiment in the business environment has increased to the level of 52.8 points, compared with 49.6 in September. Note that the last value of this index was the highest since April 2010 . Many economists had forecast the index to rise slightly , and reach a level of 59.4 . For comparison, we add that historically the average value of the index is 23.9 points.

Meanwhile, it was reported that the index , which reflects the view of the current economic situation in Germany, fell in October to the level of 29.7, compared with 30.6 in September. It is predicted the figure would rise to the level of 31.3 points.

Meanwhile, data released today also showed that the index of business sentiment in the euro area increased ">The pound dropped significantly against the dollar , as the Congress is getting closer to an agreement on a temporary increase in the debt ceiling. Increased optimism regarding the issue supported the dollar , two days before the deadline on the debt ceiling to be held on October 17.

We also add that today pound got a temporary boost from data on inflation in Britain, which came out more than expected , thereby reducing the likelihood that the Bank of England will expand QE program from the current level of GBP375 billion

As shown by the latest report , which was submitted to the Office for National Statistics , at the end of last month , consumer price inflation in the UK has remained unchanged - at 2.7 percent. Note that inflation continues to remain above the target level of the central bank - at around 2 percent. Economists forecast that the annual inflation rate to fall to 2.6 per cent .

A monthly basis, consumer prices rose in September by 0.4 percent, while showing the same growth rate , which was recorded in August.

In addition, it was reported that CPIH - a new measure of inflation , which includes the cost of home owners rose by 2.5 percent compared to the previous year , remained unchanged from August .

The Office for National Statistics also reported that core inflation, which excludes prices of energy , food , alcoholic drinks and tobacco rose in September to 2.2 percent from 2 percent in August. Inflation is projected to remain at the level was 2 percent.

While this news was a supporting factor for the pound , the improvement of macroeconomic indicators in Britain in recent years suggests that additional QE measures are required. Instead, the market's attention will be focused on unemployment , as head of the Bank of England Carney made ​​it clear that the passage of the threshold of 7% will be the signal for the Central Bank to explore opportunities to increase the rate.

EUR / USD: during the European session, the pair fell to $ 1.3478

GBP / USD: during the European session, the pair fell to $ 1.5912

USD / JPY: during the European session, the pair rose from Y98.36 to Y.98.70, but then again fell to Y98.45

At 12:30 GMT the U.S. will release the Empire Manufacturing production index for October. At 21:45 GMT New Zealand will present the consumer price index for the 3rd quarter . At 23:30 GMT Australia will release the index of leading economic indicators from the Melbourne Institute in August.

EUR/USD

Offers $1.3650, $1.3600/10, $1.3598, $1.3580, $1.3571

Bids $1.3488-86, $1.3485/80, $1.3460/50, $1.3435

GBP/USD

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

Bids $1.5920/00, $1.5870, $1.5850/40, $1.5820, $1.5800

AUD/USD

Offers $0.9650, $0.9620, $0.9600, $0.9580, $0.9550

Bids $0.9500, $0.9435/30, $0.9420, $0.9400

EUR/GBP

Offers stg0.8550/55, stg0.8520/30, stg0.8510, stg0.8495/500

Bids stg0.8455/50, stg0.8440, stg0.8425/15, stg0.8400, stg0.8370/65

EUR/JPY

Offers Y134.54, Y134.50, Y133.90/00, Y133.80/83

Bids Y133.20, Y133.10/00, Y132.50, Y132.25/20, Y132.00

USD/JPY

Offers Y99.50, Y99.20, Y99.00, Y98.80

Bids Y98.20, Y98.05/00, Y97.85/80, Y97.50

European stocks rose for a fourth day, the longest winning streak in two months, amid optimism Senate leaders will forge a deal to reopen the U.S. government and avoid a breach of the debt limit. U.S. index futures were little changed, while Asian shares advanced.

The Stoxx Europe 600 Index rose 0.8 percent to 314.81 at 10:23 a.m. in London, its highest level in three weeks. The gauge has advanced 1.4 percent in October even as U.S. lawmakers struggled to agree on a budget, forcing the first partial government shutdown in 17 years. Standard & Poor’s 500 Index futures added 0.2 percent, while the MSCI Asia Pacific Index climbed 0.4 percent today.

U.S. Senate Majority Leader Harry Reid, a Democrat, said “tremendous progress” had been made during negotiations, though “we are not there yet.” Leaders are working on an deal to suspend the debt ceiling through Feb. 7 and fund the government through Jan. 15, a person familiar with the talks said, speaking on the condition of anonymity.

The possible deal could still face procedural delays in the Senate and an uncertain path in the Republican-controlled House of Representatives, where Speaker John Boehner would have to decide whether to allow a vote or make changes. Should Congress fail to act, the U.S. government would run out of borrowing authority in two days and start missing debt payments sometime between Oct. 22 and Oct. 31, according to the Congressional Budget Office.

The U.S. will not default, former Treasury Secretary Lawrence Summers said in Seoul today. Senate Minority Leader, Republican Mitch McConnell, said he shares Reid’s optimism after talks in Washington.

German investor confidence increased for a third month in October. The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, rose to 52.8 from 49.6 in September. That’s the highest since April 2010. Economists predicted no change, according to the median of estimates.

Rio Tinto rose 3.2 percent to 3,183 pence. The world’s second-largest mining company said it produced 53.4 million metric tons of iron ore in the three months to Sept. 30, compared with 52.6 million tons a year earlier. That compares with the 53.3 million-ton median estimate of analysts

Ashtead (AHT) gained 2.8 percent to 646.5 pence. JPMorgan raised its rating on the shares to overweight, similar to buy, from neutral, saying earnings may increase as much as 41 percent in fiscal year 2016 as its markets recover.

Man Group Plc (EMG) rallied 4.8 percent to 82.45 pence. UBS AG added the world’s largest publicly traded hedge-fund manager to its most-preferred list, citing the recent good performance of its GLG Partners unit.

FTSE 100 6,557.46 +49.81 +0.77%

CAC 40 4,244.83 +21.87 +0.52%

DAX 8,785.48 +61.67 +0.71%

EUR/USD $1.3475, $1.3550, $1.3575, $1.3600, $1.3625

USD/JPY Y98.00, Y98.65, Y98.75(large), Y99.00(large)

EUR/JPY Y133.25

GBP/USD $1.5900, $1.6100

EUR/GBP stg0.8450, stg0.8500

USD/CHF Chf0.9110, Chf0.9165

EUR/CHF Chf1.2400

AUD/USD $0.9500

USD/CAD C$1.0350, C$1.0390, C$1.0400, C$1.0430

Asian stocks rose, with the regional index heading for a five-month high, as Senate leaders said they’re optimistic they will forge a deal to reopen the U.S. government and avoid a breach of the debt limit this week.

Nikkei 225 14,441.54 +36.80 +0.26%

Hang Seng 23,336.52 +118.20 +0.51%

S&P/ASX 200 5,259.15 +51.28 +0.98%

Shanghai Composite 2,233.41 -4.36 -0.19%

James Hardie Industries SE, a maker of building materials that gets about 70 percent of sales from the U.S., increased 2.1 percent in Sydney.

SJM Holdings Ltd., Asia’s biggest casino operator, jumped to a record high after Macquarie Group Ltd. raised its growth outlook for Macau’s gaming market.

Hankook Tire Co., South Korea’s No. 1 tiremaker, advanced 1.9 percent after announcing plans to build its first factory in the U.S.

00:30 Australia RBA Meeting's Minutes October

00:30 Australia New Motor Vehicle Sales (MoM)      September +0.8%   -0.1%

00:30 Australia New Motor Vehicle Sales (YoY)        September +0.2%  -3.5%

04:30 Japan Industrial Production (MoM) (Finally) August -0.7% -0.7% -0.9%

04:30 Japan Industrial Production (YoY) (Finally) August -0.2% -0.2% -0.4%

The dollar slid against higher-yielding currencies as equity markets signaled optimism about U.S. Senate discussions on raising the nation’s debt limit to avert a default, curbing demand for refuge assets. Senate Democratic and Republican leaders said yesterday they made significant progress toward an accord. The emerging agreement would suspend the debt limit through Feb. 7, 2014, fund the government through Jan. 15 and require a House-Senate budget conference by Dec. 13, according to a Senate source familiar with the talks, who spoke on condition of anonymity to discuss them.

The greenback remained lower after two days of declines versus the euro as Senate Majority Leader Harry Reid said he hoped a deal could be announced today. Volatility in currencies is at a more than eight-month low as traders await a resolution to the impasse that shuttered parts of the U.S. government.

Australia’s dollar rose to an almost four-month high after minutes of the central bank’s meeting this month signaled no imminent reduction to record-low interest rates.

EUR / USD: during the Asian session the pair rose to $ 1.3565

GBP / USD: during the Asian session, the pair rose to $ 1.6000

USD / JPY: during the Asian session the pair fell to Y98.40

The US markets make a full return to the fray Tuesday. European data kicks off at 0600GMT, with the German August import prices. At 0645GMT, the French September HICP data will cross the wires. The main Euro area report comes at 0900GMT, when the German October ZEW report will be issued.Investors will be keen to discover if the money men from Europe's biggest economy share the same optimism over its economic prospects as those who run the central bank. UK data expected at 0830GMT includes the August official house price index and the September inflation numbers. The inflation numbers will give a clue of whether inflation is edging back towards the Bank of England's 2% target. So far in Q3 inflation has been a touch weaker than the BOE expected and it would take a 3.1% yearly outturn in September to get it back in line with the BOE's forecast.

GOLD 1,275.00 7.00 0.55%

OIL (WTI) 102.13  0.11 0.11%

Nikkei 225 14,404.74 210,03 1,48%

Hang Seng 23,218.32 267,02 1,16%

S & P / ASX 200 5,207.9 -22,97 -0,44%

Shanghai Composite 2,237.77 9,63 0,43%

FTSE 100 6,507.65 +20.46 +0.32%

CAC 40 4,222.96 +2.98 +0.07%

DAX 8,723.81 -1.02 -0.01%

Dow 15,301.26 +64.15 +0.42%

Nasdaq 3,815.28 +23.41 +0.62%

S&P 500 1,710.15 +6.95 +0.41%

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

EUR/USD $1,3559 +0,25%

GBP/USD $1,5981 +0,07%

USD/CHF Chf0,9102 -0,09%

USD/JPY Y98,66 +0,39%

EUR/JPY Y133,78 +0,64%

GBP/JPY Y157,63 +0,44%

AUD/USD $0,9491 +0,31%

NZD/USD $0,8357 +0,85%

USD/CAD C$1,0354 -0,42%

00:30 Australia RBA Meeting's Minutes October

00:30 Australia New Motor Vehicle Sales (MoM) September +0.8%

00:30 Australia New Motor Vehicle Sales (YoY) September +0.2%

04:30 Japan Industrial Production (MoM) (Finally) August -0.7% -0.7%

04:30 Japan Industrial Production (YoY) (Finally) August -0.2% -0.2%

06:45 France CPI, m/m September +0.5% -0.3%

06:45 France CPI, y/y September +0.9% +0.9%

08:30 United Kingdom Retail Price Index, m/m September +0.5% +0.4%

08:30 United Kingdom Retail prices, Y/Y September +3.3% +3.2%

08:30 United Kingdom RPI-X, Y/Y September +3.3% +3.2%

08:30 United Kingdom Producer Price Index - Input (MoM) September -0.2% -0.1%

08:30 United Kingdom Producer Price Index - Input (YoY) September +2.8% +2.2%

08:30 United Kingdom Producer Price Index - Output (MoM) September +0.1% -0.1%

08:30 United Kingdom Producer Price Index - Output (YoY) September +1.6% +1.3%

08:30 United Kingdom HICP, m/m September +0.4% +0.3%

08:30 United Kingdom HICP, Y/Y September +2.7% +2.6%

08:30 United Kingdom HICP ex EFAT, Y/Y September +2.0% +2.0%

09:00 Eurozone ZEW Economic Sentiment October 58.6 59.4

09:00 Germany ZEW Survey - Economic Sentiment October 49.6 49.2

12:30 U.S. NY Fed Empire State manufacturing index October 6.29 8.2

14:00 U.S. FOMC Member Dudley Speak

21:45 New Zealand CPI, q/q Quarter III +0.2% +0.8%

21:45 New Zealand CPI, y/y Quarter III +0.7% +1.2%

23:30 Australia Leading Index August +0.6%