European stocks advanced, paring their biggest weekly decline since November, as the region’s commodity producers rebounded from a 3 1/2-year low.

National benchmark indexes climbed in 15 of the 18 western- European markets. The U.K.’s FTSE 100 rose 0.7 percent, while France’s CAC 40 climbed 1.5 percent. Germany’s DAX retreated 0.2 percent. Italy’s FTSE MIB Index increased 1.8 percent, while Portugal’s PSI 20 Index jumped 2.6 percent.

ENRC surged 27 percent to 291 pence after Alexander Machkevitch said he may form a consortium with fellow shareholders Alijan Ibragimov, Patokh Chodiev and the Kazakh government to make an offer for ENRC.

Kazakhmys Plc, which owns a 26 percent stake in ENRC, soared 24 percent to 385.7 pence.

Anglo American Plc gained 2.2 percent to 1,596.5 pence after reporting that first-quarter production at its Kumba Iron Ore Ltd. unit in South Africa increased 2 percent from a year earlier. The metal producer also said that its output of metallurgical coal for export rose 23 percent, while copper production climbed 1 percent.

L’Oreal gained 4.3 percent to 126.40 euros in Paris after the world’s largest cosmetics maker reported a 5.1 percent increase in first-quarter revenue to 5.93 billion euros ($7.8 billion) as demand for luxury brands helped counter weakness in professional products. The average of six estimates compiled by Bloomberg had called for sales of 5.85 billion euros.

LVMH Moet Hennessy Louis Vuitton SA rose 2.1 percent to 123.30 euros after Goldman Sachs Group Inc. added the luxury- goods maker to its conviction buy list, saying the stock’s underperformance presented an opportunity to invest. The shares fell 8 percent from April 15 through yesterday after the company reported the slowest growth in sales of fashion and leather products since 2009.

EUR/USD $1.2900, $1.2925, $1.3015, $1.3030, $1.3050, $1.3060, $1.3100, $1.3170

USD/JPY Y98.00, Y98.75, Y98.80, Y99.50, Y100.10

EUR/JPY Y129.50

GBP/USD $1.5250, $1.5300, $1.5400

EUR/GBP stg0.8595

USD/CHF Chf0.9390

AUD/USD $1.0250, $1.0350, $1.0355, $1.0450

U.S. stock futures rose as Google Inc. (GOOG) and Microsoft Corp. (MSFT) reported earnings that topped analysts’ forecasts.

Global Stocks:

Nikkei  13,316.48 +96.41 +0.73%

Hang Seng 22,013.57 +501.05 +2.33%

Shanghai Composite 2,244.64 +47.04 +2.14%

FTSE  6,263.69 +20.02 +0.32%

CAC  3,632.46 +33.10 +0.92%

DAX 7,469.52 -4.21 -0.06%

Crude oil $88.02 +0.33%

Gold $1406.40 +1.00%

Upgrades:

Вщцтgrades:

Other:

Apple (AAPL) initiated at Buy at Standpoint Research, target $480

Verizon (VZ) target raised to $59 at Argus, reiterated Buy

Google (GOOG) target raised to $890 from $830 at Canaccord Genuity, reiterated Buy

Google (GOOG) reiterated at Buy at Needham, target raised from $850 to $900

Google (GOOG) reiterated at Perform at Oppenheimer,  target raised from $765 to $820

Data

02:00 China Leading Index March +1.3% 0.0%

04:30 Japan All Industry Activity Index, m/m February -1.4% -0.6% +0.6%

06:00 Germany Producer Price Index (MoM) March -0.1% +0.2% -0.2%

06:00 Germany Producer Price Index (YoY) March +1.2% +0.7% +0.4%

08:00 Eurozone Current account, adjusted, bln February 13.8 13.9 16.3

10:00 Eurozone ECB Announces 3-Year LTRO Repayment

The pound strengthened against the dollar and the euro after the next governor of the Bank of England Governor Mark Carney is not signaled that the central bank will expand stimulus measures, which usually contribute to the depreciation of the currency. Note that Carney - the current head of the Bank of Canada, which will replace Mervyn King on July 1. Recall that at its last meeting, the Bank of England kept the size of the program to purchase assets, or so-called quantitative easing at 375 billion pounds ($ 576 billion) on April 4. Politicians also left its key interest rate at a record low of 0.5%. Meanwhile, note that the last representative of the Bank of England's Martin Weil said that the reduction in the rate of inflation in the UK can determine the further promotion of the central bank. He added that the favorable signals from wages and commodity prices point to the "greater room for maneuver" for the Bank of England. Weil acknowledged that the risks remain that the economy could shrink in Q1, which could lead to a new recession. Then it could become the third decline in the UK for 5 years.

The euro exchange rate was slightly higher against the dollar after the data, which were presented by the European Central Bank, have shown that up to February the euro area balance of payments surplus has increased markedly, being thus higher than analysts' forecasts, which was largely due to a significant drop in deficit in current transfers. According to the report, the seasonally adjusted balance of payments surplus rose to the level of EUR 16,3 billion, compared with € 13.8 billion in the previous month. Note that according to the average forecasts of experts, the surplus would rise to the level of 14.5 billion euros. In addition, the data showed that the surplus in trade in goods rose to EUR 12,2 billion, compared with EUR 12 billion in January. Meanwhile, it was learned that the surplus in services fell to 8 billion euros from 8.2 billion euros. The European Central Bank also said that revenues were down to the level of 5.9 billion euros from 6.2 billion euros a month earlier, while the deficit in current transfers decreased to EUR 9,8 billion to EUR 12.6 billion . The data also showed that without seasonal adjustments account surplus rose in February to the level of 12.1 billion euros, compared with a deficit of 5.6 billion euros in January.

The yen fell against the dollar after Finance Minister Taro Aso managed to avoid criticism by the G20 in Washington, because Japan devalued its own currency to a four-year low. Today continue meeting of finance ministers and central bankers G-20. Moreover, its approval of the actions of the Bank of Japan expressed the European Commissioner for Economic and Monetary Affairs Olli Rehn and IMF chief Christine Lagarde. "If we consider the problem of recession and deflation in Japan, it is possible to understand the actions of the Central Bank, aimed at a record easing in monetary policy and the weakening of the yen," - said Rehn. Additional pressure on the yen has that next week, on April 26, a regular meeting of the Bank of Japan. Investors expect that the regulator will continue to expand the course of incentive programs that have helped to lower the yen against the U.S. dollar by 19% over the past six months.

EUR / USD: during the European session, the pair rose to $ 1.3111

GBP / USD: during the European session, the pair rose to $ 1.5367, but later fell to $ 1.5332

USD / JPY: during the European session, the pair rose to Y99.35

At 12:30 GMT Canada will present the consumer price index and core consumer price index from the Bank of Canada in March, and will announce the change in the volume of wholesale trade for February.

EUR/USD

Offers $1.3195/200, $1.3170/80, $1.3150/55, $1.3120/25, $1.3090/10

Bids $1.3045/40, $1.3020, $1.3000, $1.2990, $1.2970, $1.2950/40

GBP/USD

Offers $1.5450/60, $1.5420/25, $1.5410/15, $1.5400, $1.5370/80

Bids $1.5310/00, $1.5270, $1.5255/50, $1.5200

AUD/USD

Offers $1.0420, $1.0395/00, $1.0380

Ордера на покупку $1.0310/00, $1.0285/80, $1.0260/50, $1.0240/30, $1.0220

EUR/GBP

Offers stg0.8630/40, stg0.8610/15, stg0.8600, stg0.8550

Bids stg0.8500, stg0.8485/80, stg0.8460/50

EUR/JPY

Offers Y131.00, Y130.50, Y130.35/40, Y130.00

Bids Y129.00, Y128.55/50, Y128.00, Y127.80

USD/JPY

Offers Y100.25, Y100.00, Y99.70, Y99.50

Bids Y98.55/50, Y98.20, Y98.00, Y97.60/50

Europeans stocks advanced, paring their biggest weekly selloff since November, as the region’s commodity producers rebounded from a 3 1/2-year low. U.S. index futures and Asian shares also climbed.

The Stoxx Europe 600 Index (SXXP) added 0.5 percent to 285.09 at 8:35 a.m. in London. The gauge has slipped 2.6 percent so far this week, its biggest drop in five months, as commodities fell amid worst-than-forecast economic data from China and the U.S.

BHP Billiton added 1.6 percent to 1,800.5 pence as the world’s largest commodity producer dragged a gauge of mining companies from its lowest level since July 2009.

Anglo American gained 2.2 percent to 1,597 pence after reporting that iron ore, coal and copper output increased in the first quarter.

L’Oreal advanced 2.5 percent to 124.20 euros after the world’s largest cosmetics maker reported a 5.1 percent increase in first-quarter revenue to 5.93 billion euros ($7.8 billion) as demand for luxury brands helped counter weakness in professional products. The average of six estimates compiled had called for sales of 5.85 billion euros.

LVMH Moet Hennessy Louis Vuitton (MC) SA rose 0.7 percent to 121.65 euros after Goldman Sachs Group Inc. added the shares to its conviction buy list, saying their underperformance presented a “compelling opportunity.” The company reported on April 15 the slowest growth in sales of fashion and leather products since 2009.

At that moment:

FTSE 100 6,279.05 +35.38 +0.57%

CAC 40 3,641.2 +41.84 +1.16%

DAX 7,509.32 +35.59 +0.48%

EUR/USD $1.2900, $1.2925, $1.3015, $1.3030, $1.3050, $1.3060, $1.3100, $1.3170

USD/JPY Y98.00, Y98.75, Y98.80, Y99.50, Y100.10

EUR/JPY Y129.50

GBP/USD $1.5250, $1.5300, $1.5400

EUR/GBP stg0.8595

USD/CHF Chf0.9390

AUD/USD $1.0250, $1.0350, $1.0355, $1.0450

USD/CAD C$1.0250, C$1.0400

Asian stocks rose, paring this week’s losses, as Taiwan Semiconductor Manufacturing Co. led technology shares higher and mining companies rebounded.

Nikkei 225 13,316.48 +96.41 +0.73%

S&P/ASX 200 4,931.9 +7.48 +0.15%

Shanghai Composite 2,244.64 +47.04 +2.14%

TSMC, as the biggest contract maker of chips is known, jumped 6.6 percent in Taipei after forecasting record quarterly sales.

Rio Tinto Group, the world’s No. 2 mining company, climbed 4.3 percent in Sydney after a six-day, 11 percent decline.

Industrial and Commercial Bank of China Ltd., the world’s No. 1 lender by market value, rose 3.2 percent amid speculation China will widen the yuan’s trading band next week.

02:00 China Leading Index March +1.3% 0.0%

04:30 Japan All Industry Activity Index, m/m February -1.4% -0.6% +0.6%

The yen dropped against the dollar after Japanese Finance Minister Taro Aso said policies that have driven the currency to a four-year low escaped criticism at the Group of 20 meeting in Washington. G-20 finance ministers and central bankers complete two days of talks today. A draft statement prepared for the end of the meeting suggested members will withhold direct criticism of Japan’s stimulus while affirming a commitment to avoid weakening their currencies to gain a trade advantage.

The yen weakened versus all of its 16 most-traded counterparts before the Bank of Japan meets next week amid expectations Governor Haruhiko Kuroda will push ahead with expanding stimulus that helped weaken the yen 19 percent against the dollar in six months. The BOJ meets on April 26 after pledging this month to double the monetary base in two years through expanded purchases of government bonds in a bid to end 15 years of deflation.

Demand for the dollar was tempered after manufacturing in the Philadelphia region expanded in April at a slower pace than projected as fewer orders prompted managers to cut back on hiring and inventories. The data follow a report on April 15 showing growth also cooled at factories in the New York Fed region. The Fed is buying $85 billion of bonds each month until it sees significant improvement in the jobs market. A Labor Department report on April 5 showed employment growth unexpectedly slowed last month to 88,000 workers.

EUR / USD: during the Asian session, the pair rose to $ 1.3075

GBP / USD: during the Asian session, the pair rose to $ 1.5295.

USD / JPY: during the Asian session, the pair rose to Y98.65.

The calendar gets underway at 0600GMT, with the release of the German March PPI numbers, followed at 0700GMT with the Spanish February industrial orders numbers. Further data is due at 0800GMT, with the release of the ECB's February current account data and the Italian February industrial orders. As noted, the G20 finance ministers meet again in Washington. Ahead of that, at 1130GMT, ECB Governing Council Member Jens Weidmann and German Finance Minister Wolfgang Schaeuble hold a press conference in Washington.

Change % Change Last

GOLD 1,387.00 4.30 0.31%

OIL (WTI) 88.29 1.61 1.86%

Change % Change Last

Nikkei 225 13,220.07 -162.82 -1.22%

Hang Seng 21,490.56 -79.11 -0.37%

S&P/ASX 200 4,924.4 -80.15 -1.60%

Shanghai Composite 2,197.6 +3.81 +0.17%

FTSE 100 6,243.67 -0.54 -0.01%

CAC 40 3,599.36 +0.13 0.00%

DAX 7,473.73 -29.30 -0.39%

DJIA 14,537.10 -81.45 -0.56%

S&P 500 1,541.61 -10.40 -0.67%

NASDAQ 3,166.36 -38.31 -1.20%

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

EUR/USD $1,3048 +0,11%

GBP/USD $1,5279 +0,26%

USD/CHF Chf0,9326 0,00%

USD/JPY Y98,22 -0,03%

EUR/JPY Y128,16 +0,06%

GBP/JPY Y150,05 +0,21%

AUD/USD $1,0303 -0,04%

NZD/USD $0,8410 -0,42%

02:00 China Leading Index March +1.3%

04:30 Japan All Industry Activity Index, m/m February -1.4% -0.6%

06:00 Germany Producer Price Index (MoM) March -0.1% +0.2%

06:00 Germany Producer Price Index (YoY) March +1.2% +0.7%

08:00 Eurozone Current account, adjusted, bln February 14.8 13.9

10:00 Eurozone ECB Announces 3-Year LTRO Repayment

12:30 Canada Wholesale Sales, m/m February +0.3% +0.5%

12:30 Canada Consumer Price Index m / m March +1.2% +0.2%

12:30 Canada Consumer price index, y/y March +1.2% +1.0%

12:30 Canada Bank of Canada Consumer Price Index Core, m/m March +0.8% +0.2%

12:30 Canada Bank of Canada Consumer Price Index Core, y/y March +1.4% +1.4%

14:00 IMF IMF Meetings April

15:00 G20 G20 Meetings April