The U.S. dollar fell against major currencies after data unexpected reduction of industrial production and the fall in activity in the region, the New York Fed .

Recent data , which were presented by the Federal Reserve showed that at the end of last month , industrial production unexpectedly fell , although the main figures indicate strong demand for most of the production of goods. According to the report , industrial production fell by a seasonally adjusted 0.1% in October , after increasing 0.7 % in September , while capacity utilization decreased by 0.2 % - to the level of 78.1% . Experts estimate production in October would grow by 0.1% in capacity utilization remain unchanged - at the level of 78.3 %. Note also that the growth of industrial production in September was revised upward from 0.6 %.

The report published by the Federal Reserve , New York showed that manufacturers in the area of ​​responsibility of the Federal Reserve Bank of New York reported that business conditions deteriorated this month , as the reduced volume of orders and deliveries. Fed manufacturing index to New York in November fell to -2.21 , its first negative value since May, against 1.52 in October. Index values ​​below 0 indicate a decline in activity . Economists had expected the index to 5.2 . Subindexes Fed New York as a whole weakened.

Earlier, the euro fell against the dollar, which was associated with the release of the final inflation data , which showed that the annual inflation rate among the 28 member countries of the European Union fell to its lowest level in four years in October . This situation adds to fears that the unit may be in an even more precarious position from a long period of falling prices . According to the report , consumer prices in the EU rose by 0.9 % for 12 months (until October ) , which was significantly lower than the figure at 1.3 % recorded in September. Note that the increase in consumer prices was the lowest since October 2009 . Meanwhile, data showed that the annual rate of inflation in the 17 euro-zone countries was 0.7 % in October , the lowest level since November 2009 . Recall that the preliminary data on inflation , issued October 31 , caused a quick response from the European Central Bank , which cut its benchmark interest rate to a record low of 0.25 % last week .

Pound rose against the U.S. dollar on a background of the Bank of England representative comments Huila . According to Wil , it may be correct to leave its key rate at 0.5 %, even after the unemployment rate of 7%. Member of the Committee on Monetary Policy Martin Weale said that the Bank of England will have to return to my pledge to keep rates low, at least for next year , if the unemployment rate will drop rapidly . He noted that the rate of decline is important in the unemployment rate , and that the faster -than-expected drop should encourage Committee to reconsider its position . " If unemployment will decline ... much faster than in our central forecast , we have to think about the risk of conservation rates too low for too long - he said. - Even with inflation close to the target level , would hardly be appropriate for rates to remain at current levels until not be used in all available power economy. "

Most European stocks advanced, with the Stoxx Europe 600 Index rising for a sixth consecutive week, as investors weighed U.S. industrial data to gauge the strength of the world’s largest economy.

U.S. data today showed industrial production cooled in October amid a 16-day partial shutdown of the federal government. Output fell 0.1 percent last month, missing the median economist forecast for growth of 0.2 percent, after gaining a revised 0.7 percent in September,

A separate report showed manufacturing in the New York region unexpectedly contracted in November for the first time since May. The Fed Bank of New York’s index fell to minus 2.21, missing the average estimate for a gain to 5. Negative readings signal contraction in New York, northern New Jersey and southern Connecticut.

National benchmark indexes climbed in 11 of the 18 western European markets today. France’s CAC 40 gained 0.2 percent, the U.K.’s FTSE 100 rose 0.4 percent and Germany’s DAX added 0.2 percent.

Vivendi gained 2.8 percent to 18.74 euros. The Universal Music Group owner posted profit adjusted for non-recurring elements of 403 million euros ($542 million), beating the 386 million-euro average of estimates compiled by Bloomberg.

Koninklijke Boskalis Westminster NV added 1.3 percent to 35.18 euros. The Dutch dredging company raised its full-year net income forecast to at least 360 million euros from a previous estimate of 330 million euros.

Ultra Electronics Holdings Plc dropped 4.2 percent to 1,816 pence, its biggest decline in a year. The U.K. military-electronics maker said that a weak U.S. government-funded market will contribute to a decline in sales this year.

West Texas Intermediate crude headed for a sixth weekly decline, the longest stretch of losses in 15 years, as rising U.S. supplies countered speculation that the Federal Reserve will maintain stimulus of the economy.

Futures have fallen 0.5 percent this week, poised for the longest streak since December 1998. U.S. crude stockpiles climbed for an eighth week as output expanded to the highest level since January 1989, data yesterday from the Energy Information Administration showed. WTI rebounded today after Janet Yellen, the nominee for Fed chairman, said yesterday the central bank shouldn’t end its asset-purchase program too soon.

WTI for December delivery advanced 36 cents, or 0.4 percent, to $94.12 a barrel at 10:18 a.m. on the New York Mercantile Exchange. The volume of all futures traded was 32 percent below the 100-day average.

Brent for January settlement declined 12 cents to $108.16 a barrel on the London-based ICE Futures Europe exchange. The December contract expired yesterday after rising 1.3 percent to $108.54. Volume was 12 percent lower than the 100-day average.

Gold prices are kept within yesterday's range , trading slightly higher , as some traders felt that the performance of Janet Yellen to be nominated for the post of Chairman of the Fed signals a growing demand for the precious metal.

According to Yellen , the indicators of the labor market and the economy in the U.S. is far from the building and the Fed remains to be done " a lot of work " to support the economic recovery.

Investor demand for gold also contributed to the economic data , which are mostly disappointed those who had expected a more robust economic recovery. U.S. exports fell in September , while the number of applications for unemployment benefits last week fell less sharply than expected. The growth of manufacturing activity in Europe was almost stopped in the 3rd quarter.

Final data that have been published by Statistics EU agency , showed that the annual rate of inflation among the 28 member countries of the European Union fell to its lowest level in four years in October . This situation adds to fears that the unit may be in an even more precarious position from a long period of falling prices .

The cost of the December gold futures on COMEX today rose to $ 1290.80 per ounce.

U.S. stock-index futures advanced, as investors assessed an unexpected decline in a gauge of New York regional output amid speculation the Federal Reserve will maintain stimulus.

Global markets:

Nikkei 15,165.92 +289.51 +1.95%

Hang Seng 23,032.15 +383.00 +1.69%

Shanghai Composite 2,135.83 +35.32 +1.68%

FTSE 6,690.98 +24.85 +0.37%

CAC 4,297.17 +13.26 +0.31%

DAX 9,177.16 +27.50 +0.30%

Crude Oil $94.22 (+0.49%).

Gold $1286.00 (-0.02%).

USD/JPY Y98.50, Y98.70, Y98.85, Y98.90, Y99.00, Y99.30, Y99.50, Y99.80, Y100.00, Y100.25, Y100.50

EUR/JPY Y132.90, Y133.25

EUR/USD $1.3315, $1.3350, $1.3370, $1.3390, $1.3480, $1.3485, $1.3500, $1.3525, $1.3590, $1.3600

GBP/USD $1.5800, $1.5865, $1.5920, $1.5950, $1.5995, $1.6000, $1.6020, $1.6050

EUR/GBP stg0.8400, stg0.8420, stg0.8450, stg0.8485

AUD/USD Y92.50, Y92.60, $0.9275, $0.9300

AUD/JPY Y95.00

USD/CAD C$1.0490

Data:

10:00 EU Council meeting of European finance ministers

10:00 Eurozone Consumer Price Index m / m in October +0.5% -0.1% -0.1%

10:00 Eurozone CPI Y / Y (final) October +0.7% +0.7% +0.7%

10:00 Eurozone Consumer Price Index, the base value, y / y in October +0.8% +0.8% +0.8%

The euro exchange rate rose slightly against the dollar, while retreating from session lows . Note that this is related to the dynamics of trading data output for the euro area , as well as the expectations of the publication of reports by the United States.

Final data that have been published by Statistics EU agency , showed that the annual rate of inflation among the 28 member countries of the European Union fell to its lowest level in four years in October . This situation adds to fears that the unit may be in an even more precarious position from a long period of falling prices . According to the report , consumer prices in the EU rose by 0.9 % in the 12 months ( to October) , which was significantly lower than the figure at 1.3 % , recorded in September. Note that the increase in consumer prices was the lowest since October 2009 .

Meanwhile, data showed that the annual rate of inflation in the 17 countries of the euro zone was 0.7 % in October , the lowest level since November 2009 . Recall that the preliminary inflation data released on October 31 , caused a rapid response from the European Central Bank, which cut its benchmark interest rate to a record low of 0.25 % last week .

U.S. data will probably show that industrial production rose in October, but at a slower pace than in September , reflecting a pause in production during the 16-day partial closure of the federal government. According to experts , the volume of industrial production increased by 0.2 percent last month after increasing 0.6 percent in September.

In addition, we add that manufacturing activity in New York , estimated in November grew at a faster rate after slowing for three consecutive months. The index of manufacturing activity in New York is likely to grow to 5.2 from 1.52 in October ( the five-month minimum).

The yen continued to fall against the dollar , as markets continued to show a craving for risk after yesterday's speech Janet Yellen to the Senate Banking Committee . Recall that Yellen is a candidate to head the Federal Reserve after the end of the term of office Bernanke. During his speech , she said that tends to create a strong economic recovery and provide monetary stimulus that will not stop anytime soon.

"I think it is necessary to do everything possible to promote a very strong recovery. It is important not to abandon support, especially when the recovery is fragile, and the tools available to monetary policy during disruptions in the economy is limited, given that short-term interest rates are at zero . "

Yellen also said that the benefits of the program of bond purchases is still outweigh the costs. Calling for greater regulation in order to help protect the financial system , she said that she would like to see more progress in reducing unemployment, which currently stands at 7.3 percent . The politician added that he saw no signs of proliferation of bubbles in the stock market or property.

Yellen said that the program of asset purchases by the central bank helped make a significant contribution to economic growth and improved prospects , and that the program will not continue indefinitely . Yellen said that the Fed's key interest rate will remain low even after the policy start to cut back on the purchase of bonds.

EUR / USD: during the European session, the pair is trading in a narrow range - $ 1.3462 -$ 1.3432

GBP / USD: during the European session, the pair has set high at $ 1.6090 and then pulled back to the lows , but then recovered to $ 1.6071

USD / JPY: during the European session, the pair rose to Y100.43

At 13:30 GMT Canada will announce the change of volume of manufacturing sales in September. Also this time, the U.S. will release the Empire Manufacturing production index for November and the import price index for October. At 14:15 GMT the United States will present the capacity utilization rate and announce the change in the volume of industrial production in October. At 15:00 GMT the United States will announce the percentage of late payments on the mortgage for the 3rd quarter .

EUR/USD

Offers $1.3550, $1.3500, $1.3490-99, $1.3464, $1.3450

Bids $1.3423-18, $1.3400/390, $1.3350, $1.3320-00

GBP/USD

Offers $1.6200/10, $1.6180, $1.6160/65, $1.6140/50, $1.6115/25, $1.6100/05

Bids $1.6050/45, $1.6030, $1.6015/00, $1.5988

AUD/USD

Offers $0.9450, $0.9420, $0.9400, $0.9360/70

Bids $0.9300, $0.9281, $0.9250, $0.9200

EUR/GBP

Offers stg0.8430, stg0.8415/20, stg0.8390/400, stg0.8383

Bids stg0.8340, stg0.8325/20, stg0.8300

EUR/JPY

Offers Y136.50, Y136.00, Y135.73, Y135.50, Y135.24

Bids Y134.65, Y134.20/00, Y133.88/80, Y133.50, Y133.25/20

USD/JPY

Offers Y101.19, Y101.00, Y100.61, Y100.50

Bids Y99.80, Y99.60, Y99.50/40, Y99.20, Y99.11

European stocks were little changed, with the Stoxx Europe 600 Index heading for its first weekly decline in six weeks, as investors weighed equity valuations and awaited U.S. industrial data. U.S. index futures were also little changed while Asian shares rose.

The Stoxx 600 added 0.1 percent to 322.62 at 10:15 a.m. in London. The benchmark gauge rallied the most in almost a month yesterday as Federal Reserve chairman nominee Janet Yellen said she is committed to promoting a strong U.S. economic recovery and will ensure monetary stimulus isn’t removed too soon.

The European equity benchmark has lost less than 0.1 percent this week. The gauge rallied the five previous weeks as the Fed maintained the pace of its bond purchases and the European Central Bank lowered its key interest rate. It’s trading at 15 times projected earnings, below its 2009 peak of 15.7 times. That’s still greater than the five-year average of 11.9 times earnings.

U.S. data today will probably show industrial production cooled in October, reflecting a pause in manufacturing during the 16-day partial shutdown of the federal government. Output rose 0.2 percent last month after gaining 0.6 percent in September.

Manufacturing in the New York region grew at a faster pace in November after slowing for three consecutive months, according to the median economist projection. The Fed Bank of New York’s index probably rose to 5, rebounding from a five-month low. Positive readings signal expansion in New York, northern New Jersey and southern Connecticut.

Vivendi, which is focusing on its music, pay-television, cinema, and Internet units, gained 3.6 percent to 18.89 euros. The Universal Music Group owner posted profit adjusted for non-recurring elements of 403 million euros ($542 million), beating the 386 million-euro average of estimates.

Serco, the services provider that lost its chief executive officer last month amid a criminal probe into its U.K. government prison contracts, rose 2.6 percent to 430 pence. UBS upgraded its rating on the stock to buy from neutral after the shares plunged 17 percent yesterday, saying the price is attractive for investors betting the company can withstand current risks.

Koninklijke Boskalis Westminster NV (BOKA) rose 4.3 percent to 36.20 euros, its biggest advance in three months. The Dutch dredging company raised its full-year net income forecast to at least 360 million euros from a previous forecast of 330 million euros.

FTSE 100 6,696.41 +30.28 +0.45%

CAC 40 4,292.26 +8.35 +0.19%

DAX 9,165.01 +15.35 +0.17%

USD/JPY Y99.00, Y99.20, Y99.50, Y99.65, Y99.75, Y100.00

EUR/JPY Y134.00, Y135.00

EUR/USD $1.3300, $1.3350, $1.3400, $1.3420, $1.3450, $1.3475, $1.3500, $1.3510, $1.3565, $1.3600

GBP/USD $1.5950, $1.5960, $1.6000, $1.6050, $1.6175

EUR/GBP stg0.8375

USD/CHF Chf0.9165

AUD/USD Y92.50, Y92.60, $0.9300, $0.9350, $0.9365, $0.9400

NZD/USD $0.8100

USD/CAD C$1.0400, C$1.0450, C$1.0500, C$1.0520, C$1.0550

Asia Pacific stocks close

Asian stocks headed for the first weekly gain in a month after Federal Reserve chairman nominee Janet Yellen said she would continue U.S. stimulus and amid speculation China will release detail of economic reform.

Nikkei 225 15,165.92 +289.51 +1.95%

S&P/ASX 200 5,401.67 +46.24 +0.86%

Shanghai Composite 2,135.83 +35.32 +1.68%

Japan’s Nikkei 225 Stock Average surged beyond 15,000 for the first time since May, rising 1.9 percent and on course for its biggest weekly gain since December 2009.

China’s CSI 300 Index jumped 2.9 percent, heading for its biggest increase in two months, amid optimism detail of policy changes decided at a Communist Party plenum will be released next week.

The yen yesterday breached the 100 level for the first time in two months and is set for weekly declines against all its major peers before the Bank of Japan meets next week and following data that showed growth slowed. In Japan, gross domestic product growth slowed to an annualized 1.9 percent in the July-September period from 3.8 percent in the second quarter, the Cabinet Office said yesterday. BOJ policy makers gather next week for a two-day policy meeting that ends Nov. 21. Almost three-quarters of economists surveyed by Bloomberg expect the BOJ will add to stimulus in the first half of next year.

The dollar is poised for its first weekly slide versus the euro this month after Janet Yellen, the nominee to head the Federal Reserve, said easing measures won’t be removed too soon. Yellen said the central bank’s key interest rate, at a record zero to 0.25 percent, would remain low even after policy makers start to reduce monetary easing. The Fed has kept its benchmark for borrowing costs near zero since December 2008.

Euro demand may be limited before a report today forecast to confirm annual inflation in the region slowed to 0.7 percent in October, the lowest since 2009, from 1.1 percent in September. Consumer prices fell 0.1 percent on a monthly basis, the data are projected to show, according to the median estimate in Bloomberg survey.

EUR / USD: during the Asian session the pair traded in the range of $ 1.3445-60

GBP / USD: during the Asian session, the pair traded in the range of $ 1.6050-75

USD / JPY: during the Asian session the pair rose to Y100.30

Friday sees a much quieter calendar on both sides of the Atlantic, with the market left to further dissect the policy implications of this weeks comments from Fed Chair-nominate Yellen and BOE Governor Carney. The European calendar kicks off at 1000GMT, with the release of the October final HICP data. At 1215GMT, ECB Executive Board member Yves Mersch is scheduled to speak at the 6th Annual CFA Institute European Investment Conference in London. Last up, at 1730GMT, ECB Governing Council member Ewald Nowotny is scheduled to speak on "Hungary at the Crossroads", in Vienna. The US calendar gets underway at 1330GMT, when the Oct Import/Export Price Index data and the November NY Fed Empire State numbers are set for publication. The Philadelphia Fed index also declined in October, but it remained elevated. At 1415GMT, the October industrial production numbers and the capacity utilisation data will cross the wires. The US Sep wholesale inventories data will cross the wires at 1500GMT, the last data for the week.

GOLD 1,287.00 18.60 1.47%

OIL (WTI) 93.81 -0.07 -0.07%

Nikkei 225 14,876.41 +309.25 +2.12%

S&P/ASX 200 5,355.43 +36.25 +0.68%

Shanghai Composite 2,100.51 +12.57 +0.60%

FTSE 100 6,666.13 +36.13 +0.54%

CAC 40 4,283.91 +43.97 +1.04%

DAX 9,149.66 +94.83 +1.05%

Dow 15,876.22 +54.59 +0.35%

Nasdaq 3,972.74 +7.16 +0.18%

S&P 500 1,790.62 +8.62 +0.48%

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

EUR/USD $1,3461 -0,19%

GBP/USD $1,6062 +0,03%

USD/CHF Chf0,9165 +0,35%

USD/JPY Y100,01 +0,77%

EUR/JPY Y134,62 +0,59%

GBP/JPY Y160,63 +0,82%

AUD/USD $0,9316 -0,43%

NZD/USD $0,8273 -0,17%

USD/CAD C$1,0463 +0,08%

10:00 Eurozone ECOFIN Meetings

10:00 Eurozone Harmonized CPI October +0.5% -0.1%

10:00 Eurozone Harmonized CPI, Y/Y (Finally) October +0.7% +0.7%

10:00 Eurozone Harmonized CPI ex EFAT, Y/Y October +0.8% +0.8%

13:30 Canada Manufacturing Shipments (MoM) September -0.2% +0.3%

13:30 U.S. NY Fed Empire State manufacturing index November 1.52 5.2

13:30 U.S. Import Price Index October +0.2% -0.4%

14:15 U.S. Industrial Production (MoM) October +0.6% +0.1%

14:15 U.S. Capacity Utilization October 78.3% 78.3%

14:30 United Kingdom MPC Member Weale Speaks

15:00 U.S. Wholesale Inventories September +0.5% +0.5%