The euro exchange rate has continued to rise against the dollar, after long hesitation near session highs. Note that helps to strengthen the currency risk and the desire for decent reports on Germany, which were presented during the European session .

Recall that the results of a survey of the Ifo Institute showed that the business climate index rose to 109.3 in November from 107.4 in October (Economists had forecast an increase to 107.9 ) , the current conditions index reached 112.2 in the month , compared from 111.3 in October (expected score was 111.5 ), while the expectations index rose to 106.3 from 103.7 in the previous month ( according to forecasts , the index would rise to 104).

Also today came the final data on GDP in Germany , which were in line with estimates. With adjustment for seasonality and calendar days of the gross domestic product grew by 0.3 percent in the third quarter compared with the previous quarter , matching the preliminary estimate published earlier this month. It was much weaker than the 0.7 percent growth recorded in the second quarter. Seasonally adjusted GDP grew by 0.6 percent year on year , after rising 0.5 percent in the second quarter. With the price adjusted GDP grew by 1.1 per cent per annum. The statistical office said that the positive contributions came mainly from domestic demand, in particular investment in fixed assets. At the same time, the export and import of balance pressure exerted on growth.

The Swiss franc has risen sharply against the U.S. dollar, which was caused by the comments of the SNB board member Fritz Zurbrugga . He said that the SNB will maintain the ceiling of the franc , as the global economic recovery remains weak. "In the foreseeable future, the minimum rate will remain an essential tool . Monetary policy we have pursued to this day , continues to operate without any restrictions. Frank is still 10 percent above its long-term average level , trade- weighted and adjusted for inflation, " - he said.

Zurbrugga reiterated that the central bank is ready to provide a minimum rate by buying foreign currency in unlimited quantities, if this will be necessary , and to take additional steps as needed . "

The Canadian dollar strengthened against the U.S. dollar, after it was reported that retail sales in Canada rose more than expected , while consumer price inflation fell short of forecasts.

The data showed that retail sales rose by 1% in the month of September compared to the previous month and amounted to 40730 million Canadian dollars ($ 39.14 billion ) . The result was far ahead of market expectations at 0.3 %.

Except for the automotive sector retail sales were unchanged compared with the previous month and amounted to 31010 million Canadian dollars.

Compared to the same period of the previous year the retail sales rose by 3.6 %.

Meanwhile, another report showed that the consumer price index in October rose by 0.7 % compared to last year , slightly below market expectations of 0.8 % growth . And less increase in September at 1.1%.

Core CPI , which excludes volatile components such as food and energy , rose 1.2 %, in line with market expectations . On a monthly measurement of inflation fell to 0.2%, while core inflation rose by 0.2 %.

The seasonally adjusted consumer price index in Canada fell by 0.1 % in October, following a downwardly revised 0.1 % increase the previous month.

Most European stocks advanced as German business confidence rose to the highest level since April 2012 and investors weighed comments by European Central Bank officials.

The Stoxx Europe 600 Index added 0.1 percent to 322.73 at 4:30 p.m. in London as almost three shares in the gauge increased for every two that fell. The benchmark lost less than 0.1 percent this week as Federal Reserve minutes signaled policy makers may reduce $85 billion of bond purchases sooner than investors predicted.

The Ifo institute’s German business climate index, based on a survey of 7,000 executives, increased to 109.3 this month from 107.4 in October. That beat economists’ forecast for a gain to 107.7, according to survey.

Euro-area finance ministers are meeting in Brussels today. The ministers will examine national budgets a week after the European Commission raised doubts about the credibility of Italy’s and Spain’s spending plans, warning they don’t go far enough to narrow deficits or reduce debt. The meeting is part of tougher budget-oversight rules introduced last year.

ECB governing council member Peter Praet said at a conference in Paris that Europe has a debt overhang problem that needs to be addressed “forcefully.” Policy makers have already lost time in tackling it, he said. His colleague in the council and Bank of Austria governor, Ewald Otto Nowotny, said the regional economy has too little demand and fixing the banking system alone isn’t enough to end the crisis.

National benchmarks rose in 13 of the 18 western European markets.

FTSE 100 6,674.3 -7.03 -0.11% CAC 40 4,278.53 +24.63 +0.58% DAX 9,219.04 +22.96 +0.25%

Daily Mail climbed 3.3 percent to 890.5 pence, its highest price since January 2001. Barclays upgraded the stock to equal weight from underweight. The brokerage said it sees no factors that could drive down the stock price in the next 12 months.

Whitbread climbed 2.9 percent to 3,481 pence. JPMorgan Chase raised its recommendation on the owner of Premier Inn budget hotels to overweight from neutral. The brokerage cited the economic rebound in the U.K.

Rhoen-Klinikum fell 3.2 percent to 20.47 euros. B. Braun Melsungen AG, which holds a 10.98 percent stake in the company, asked the court to void the sale of clinics or rule it needs 90 percent shareholder support, Rhoen-Klinikum said in a statement.

TUI Travel Plc tumbled 7.6 percent to 359.8 pence as Norwegian billionaire John Fredriksen sold his entire stake in the company and bought more stock in parent company TUI AG.

Suedzucker AG, which makes sugar, starch and bakery additives, retreated 7.9 percent to 19.15 euros after the shares were downgraded to reduce from buy by Commerzbank AG.

Oil prices are mixed , amid reports of talks on Iran's nuclear program . Note that the Geneva today kicked off the third day of talks on Iran's nuclear program. Earlier it was reported that Iran had noted the progress in the negotiations with the "six " of international mediators , but said that differences still remain.

After a six-hour debate on Iran's nuclear program in Geneva, the parties have failed to reach a common decision, the negotiations reached an impasse. Details of a disagreement were not disclosed.

Attention all market participants are now directed to the next meeting , which should be later today. Many expect news from the six international mediators and Iran, who are negotiating in Geneva.

Coordinator of the "six" of international mediators in the negotiations with Iran Catherine Ashton said that an agreement can be reached as early as this week, and negotiators are willing to stay in Geneva until they achieve progress.

At the same time, according to Iranian Deputy Foreign Minister Abbas Araghchi , visible progress on the second day of talks in Geneva were not.

It should be noted that the recent talks between Iran and Geneva were quite productive. Investors have even lost their fear of the risks associated with the price of oil brand Brent.

"It is unlikely that in the course of these negotiations, an agreement is reached , and it supports the positive sentiment in the market", - said Tradition Energy analyst Gene McGillian .

The price of January futures on U.S. light crude oil WTI (Light Sweet Crude Oil) fell to $ 94.71 a barrel on the New York Mercantile Exchange.

January futures price for North Sea Brent crude oil mixture rose $ 0.22 to $ 110.35 a barrel on the London exchange ICE Futures Europe

Gold prices rose slightly today in response to the weakening of the dollar , but remained on the way to the largest weekly drop in more than two months , that are as strong economic data in the U.S. raised uncertainty regarding the timing retardation incentives. It should be noted that this week the price of gold has fallen by 3.4 percent.

"Can the consolidation of prices in one form or another , since the conflicting sentiments ," - said the chief analyst at Wing Fung Financial Group To. He added that gold sales were down compared with the first half due to the assertions of Fed officials to continue the incentives.

However, good macroeconomic performance may force the U.S. central bank to start reducing stimulus sooner than the market expects . Recall that the number of claims for unemployment benefits fell last week , while manufacturing growth accelerated in November.

Janet Yellen - the likely next chairman of the Federal Reserve System - said last week that it will continue to adhere to the ultra- loose monetary policy until you see signs of a marked improvement in the economic environment .

Meanwhile, today it was announced that the stocks SPDR Gold Trust - the largest gold exchange-traded fund in the world, fell yesterday by 3.6 million tons - up to 856.71 tons , the lowest level since early 2009 . This year, the outflow amounted to 450 tons.

Physical demand increased slightly due to the fall in prices, but many buyers are still out of the market in the hope of further decline , dealers said .

Data from the International Monetary Fund revealed today that in October, Germany has reduced stocks of bullion for the second time in the last five months. The Bundesbank said it sold 3,421 metric tons of gold to the federal coinage .

The cost of the December gold futures on COMEX today rose to $ 1244.90 per ounce.

U.S. stock-index futures little changed, after the Dow Jones Industrial Average (INDU) closed above 16,000 for the first time yesterday on data that showed improvement in the job market and consumer sentiment.

Global markets:

Nikkei 15,381.72 +16.12 +0.10%

Hang Seng 23,696.28 +115.99 +0.49%

Shanghai Composite 2,196.38 -9.39 -0.43%

FTSE 6,677.24 -4.09 -0.06 %

CAC 4,277.68 +23.78 +0.56 %

DAX 9,211.66 +15.58 +0.17 %

Crude oil: $94.97 (-0.49%).

Gold: $1245.20 (+0.13%).

USD/JPY Y99.00, Y99.25, Y99.50,Y100.00, Y100.60, Y100.65, Y100.50, Y101.00, Y101.10

EUR/JPY Y135.00, Y136.00

EUR/USD $1.3400, $1.3445, $1.3450, $1.3470, $1.3475, $1.3490, $1.3500, $1.3510, $1.3650

GBP/USD $1.6100, $1.6150

EUR/GBP stg0.8325, stg0.8425

AUD/USD $0.9200, $0.9250, $0.9300, $0.9325, $0.9340, $0.9350

NZD/USD $0.8300

USD/CAD C$1.0425, C$1.0430, C$1.0500, C$1.0525, C$1.0555, C$1.0560, C$1.0575, C$1.0585

07:00 Germany GDP (QoQ) (Finally) Quarter III +0.3% +0.3% +0.3%

07:00 Germany GDP (YoY) (Finally) Quarter III +1.1% +1.1% +1.1%

09:00 Germany IFO - Business Climate November 107.4 107.9 109.3

09:00 Germany IFO - Current Assessment November 111.3 111.5 112.2

09:00 Germany IFO - Expectations November 103.6 104.0 106.3

The euro rose against the dollar after the publication of strong data on German business confidence from the institute Ifo. Business climate index rose to 109.3 in November from 107.4 in October. Economists had forecast an increase to 107.9 . The current conditions index reached 112.2 in the month , compared to 111.3 in October. The expected score was 111.5 . The expectations index rose to 106.3 from 103.7 in the previous month . It is predicted that the index would rise to 104. Company's key production areas " definitely more optimistic " , predicting growth in exports , says the Ifo.

Also today came the final data on GDP in Germany , which were in line with estimates. With adjustment for seasonality and calendar days of the gross domestic product grew by 0.3 percent in the third quarter compared with the previous quarter , matching the preliminary estimate published earlier this month. It was much weaker than the 0.7 percent growth recorded in the second quarter. Seasonally adjusted GDP grew by 0.6 percent year on year , after rising 0.5 percent in the second quarter. With the price adjusted GDP grew by 1.1 per cent per annum. The statistical office said that the positive contributions came mainly from domestic demand, in particular investment in fixed assets. At the same time, the export and import of balance pressure exerted on growth.

The yen fell to a four-month low against the dollar after the speech in the parliament , the head of the Bank of Japan Haruhiko Kuroda said he did not think the yen is "too weak." According to him , inflation in Japan will reach the target of 2% by the end of the two-year deadline set by the government for this purpose. He also said he was ready to do everything possible to limit the long-term growth rates. Recall that yesterday, the Bank of Japan , at the end of the next session , retained unchanged stance of monetary policy and assess the state of the economy.

Australian dollar continues to decline, and possibly fix the biggest weekly decline in seven years . The market fears that the country's Central Bank may impose foreign exchange intervention to weaken the currency. Yesterday, RBA Governor Glenn Stevens said that the intervention is part of a " toolbox" of the central bank , although it refrained from leveling " scale " the weakening Australian dollar in recent years, because he was not fully convinced that the effectiveness of such measures outweigh the costs.

EUR / USD: during the European session, the pair rose to $ 1.3539

GBP / USD: during the European session, the pair rose to $ 1.6217

USD / JPY: during the European session, the pair rose to Y101.28

In the second half of the day will present data on the consumer price index in Canada the U.S. in October ( in the 13:30 GMT). According to forecasts , the figure for the results of October is expected at 0.8 % , compared to 1.1 % last month .

Also attract the attention of the market performance of a member of the Federal Open Market Committee Federal Reserve George Easter ( at 13:40 GMT)

EUR/USD

Offers $1.3650, $1.3620/30, $1.3585-600, $1.3530-50

Bids $1.3455/45, $1.3420, $1.3400/390, $1.3360/50

GBP/USD

Offers $1.6320/30, $1.6300, $1.6280, $1.6250/60, $1.6215/25

Bids $1.6155/50, $1.6125/20, $1.6105/00

AUD/USD

Offers $0.9300, $0.9240/50, $0.9200

Bids $0.9150, $0.9100, $0.9080, $0.9050

EUR/GBP

Offers stg0.8440, stg0.8430, stg0.8415/20, stg0.8395/400, stg0.8380/85, stg0.8354-66

Bids stg0.8300

EUR/JPY

Offers Y138.00, Y137.50, Y137.00

Bids Y136.50, Y136.00, Y135.80, Y135.50

USD/JPY

Offers Y102.50, Y102.20, Y102.00, Y101.50

Bids Y100.80, Y100.50, Y100.00

European stocks were little changed as investors weighed German data that showed business confidence in Europe’s largest economy increased to the highest level since April 2012. U.S. index futures and Asian shares were also little changed.

In Germany, the Ifo institute’s business climate index, based on a survey of 7,000 executives, increased to 109.3 this month from 107.4 in October. That beat economists’ forecast for a gain to 107.7, according to a Bloomberg News survey.

Separate data confirmed a preliminary estimate that showed German economic growth slowed to 0.3 percent in the third quarter, from 0.7 percent in the previous three months. The expansion was driven by domestic demand that offset weaker exports, the report showed.

Novartis gained 1.5 percent to 73.45 Swiss francs. Europe’s biggest drugmaker said it will start a $5-billion share buyback immediately. Novartis also said it will develop new business segments in dermatology, heart failure, respiratory illnesses and cell therapy.

Solarworld advanced 6.1 percent 81.2 euro cents. Germany’s biggest maker of solar panels has agreed on most points with Bosch Solar on a takeover of the company, according to a Wall Street Journal Deutschland report, which cited two unnamed sources close to the talks.

Rhoen-Klinikum fell 2.9 percent to 20.54 euros. B. Braun Melsungen AG, which holds a 10.98 percent stake in the company, asked the court to void the sale of clinics or rule it needs 90 percent shareholder support, Rhoen-Klinikum said in a statement. In September, Helios agreed to pay Rhoen-Klinikum 3.07 billion euros ($4.1 billion) for the German clinics, a deal that would create Europe’s largest chain of private hospitals.

FTSE 100 6,666.94 -14.39 -0.22%

CAC 40 4,259.66 +5.76 +0.14%

DAX 9,182.36 -13.72 -0.15%

EUR/JPY Y135.50, Y136.05, Y136.50, Y137.50

EUR/USD $1.3400, $1.3405, $1.3425, $1.3450, $1.3480, $1.3520/25, $1.3565, $1.3600

GBP/USD $1.5900, $1.6145, $1.6200

EUR/GBP stg0.8425

GBP/JPY Y161.00, Y162.00

USD/CHF Chf0.9020

EUR/CHF Chf1.2325

AUD/USD $0.9300, $0.9325, $0.9350, $0.9360, $0.9375, $0.9400, $0.9440

AUD/JPY Y93.00, Y94.00, Y95.00

NZD/USD $0.8300

USD/CAD C$1.0450

Most Asian stocks rose, snapping a three-day loss on the regional benchmark index, as a gauge of mainland Chinese shares traded in Hong Kong headed for its biggest weekly advance in two years.

Nikkei 225 15,381.72 +16.12 +0.10%

Hang Seng 23,696.28 +115.99 +0.49%

S&P/ASX 200 5,335.91 +47.59 +0.90%

Shanghai Composite 2,196.38 -9.39 -0.43%

Glorious Property Holdings Ltd. soared by a record 33 percent in Hong Kong after Chinese billionaire Zhang Zhirong offered as much as HK$4.57 billion ($589 million) to take the real-estate developer private.

SoftBank Corp. closed at a 13-year high after a person familiar with the matter said Daniel Loeb’s Third Point LLC hedge fund has taken a stake of more than $1 billion in the Japanese wireless carrier.

Toyota Motor Corp., Asia’s largest carmaker, advanced 1 percent in Tokyo.

05:00 Japan BoJ monthly economic report November

The yen touched a four-month low as Bank of Japan Governor Haruhiko Kuroda said he’ll do his utmost to restrict a rise in long-term yields. The yen isn’t “excessively weak” Kuroda said in parliament today in Tokyo. Inflation will hit the BOJ’s 2 percent target in the latter half of the central bank’s two-year time frame and policy makers will adjust its bond-buying program as needed, he said. The BOJ yesterday kept its pledge to expand the monetary base by as much as 70 trillion yen ($693 billion) a year.

The euro reached a four-year high versus the yen before European Central Bank officials including President Mario Draghi speak today. The 17-nation currency rose yesterday after the ECB’s Draghi said policy makers haven’t changed their mind on a negative deposit rate since they cut the benchmark borrowing cost to a record on Nov. 7. He is scheduled to speak again today as are ECB Governing Council member Jens Weidmann and Executive Board member Peter Praet.

Australia’s dollar is set to match its longest run of weekly declines against the greenback in seven years amid concern the nation’s central bank will act to weaken the currency. Stevens said yesterday that the Aussie was above levels he’d expect in the medium-term and intervention can be effective as long as it’s “judiciously used in the right circumstances.”

EUR / USD: during the Asian session, the pair traded in the range of $ 1.3460-85

GBP / USD: during the Asian session, the pair traded in the range of $ 1.6175-00

USD / JPY: on Asian session the pair traded in the range of Y101.00-35

Friday is another full day on both sides of the Atlantic, with a solid mix of both data and central bank speakers. The European data calendar gets underway at 0700GMT, when the German detailed third quarter GDP data will be released. At 0830GMT, 0830/0330 ECB President Mario Draghi will give a speech to the EBC, in F'furt. There will probably be little new from Draghi following his speech in Berlin on Thursday. At 0900GMT, the main European data release crosses the wires, when the Nov IFO business climate index is set for release. At 0900GMT, the Italian Sept retail sales numbers will be released, with expectations of a 0.1% rise on month. German Finance Minister Wolfgang Schaeuble will deliver a speech to EBC, in Ffurt at 1045GMT. There is an extraordinary meeting of Eurogroup FinMins, set for midday GMT in Brussels. At the same time, German Chancellor Merkel and Greek PM Samaras will deliver a joint press conference, in Berlin. At 1400GMT, Belgium's Nov BNB business survey will cross the wires. At 1530GMT, ECB Executive Board member Peter Praet will sit on a Paris panel discussing the financial future of Europe. Kansas City Fed President Esther George will give a speech on bank supervision at a Bank of France conference in Paris, starting at 1345GMT. In the US, the data calendar gets underway at 1500GMT, with the release of the September JOLTS, the October BLS State Unemployment numbers and the third quarter E-Commerce numbers. The November Kansas City Fed Production data will be released at 1600GMT. Federal Reserve Gov. Daniel Tarullo will deliver a speech on shadow banking to Economic Policy Institute in Washington, starting at 1715GMT. The last US data will be released at 2000GMT, when the November Treasury Allotments numbers will be published.

GOLD 1,241.80 -16.20 -1.29%

OIL (WTI) 95.17 1.32 1.41%

Nikkei 225 15,365.6 +289.52 +1.92%

Hang Seng 23,580.29 -120.57 -0.51%

S&P/ASX 200 5,288.32 -19.35 -0.36%

Shanghai Composite 2,205.77 -0.85 -0.04%

FTSE 100 6,681.33 +0.25 0.00%

CAC 40 4,253.9 -14.47 -0.34%

DAX 9,196.08 -5.99 -0.07%

Dow +108.98 16,009.80 +0.69%

Nasdaq +47.89 3,969.16 +1.22%

S&P +14.53 1,795.90 +0.82%

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

EUR/USD $1,3480 +0,30%

GBP/USD $1,6197 +0,57%

USD/CHF Chf0,9127 -0,75%

USD/JPY Y101,14 +1,11%

EUR/JPY Y136,35 +1,42%

GBP/JPY Y163,82 +1,69%

AUD/USD $0,9232 -1,08%

NZD/USD $0,8204 -0,82%

USD/CAD C$1,0516 +0,63%

05:00 Japan BoJ monthly economic report November

07:00 Germany GDP (QoQ) (Finally) Quarter III +0.3% +0.3%

07:00 Germany GDP (YoY) (Finally) Quarter III +1.1% +1.1%

09:00 Germany IFO - Business Climate November 107.4 107.9

09:00 Germany IFO - Current Assessment November 111.3 111.5

09:00 Germany IFO - Expectations November 103.6 104.0

13:30 Canada Retail Sales, m/m September +0.5% +0.5%

13:30 Canada Retail Sales ex Autos, m/m September +0.4% +0.4%

13:30 Canada Consumer Price Index m / m October +0.2% +0.2%

13:30 Canada Consumer price index, y/y October +1.1% +0.8%

13:30 Canada Bank of Canada Consumer Price Index Core, m/m October +0.2% 0.0%

13:30 Canada Bank of Canada Consumer Price Index Core, y/y October +1.3% +1.2%

13:40 U.S. FOMC Member Esther George Speaks

14:00 Belgium Business Climate November -7.7 -6.9

15:00 U.S. JOLTs Job Openings September 3883