The dollar fell slightly against the euro, which was associated with the release of weak U.S. employment data . The Ministry of Labor said that the number of initial claims for unemployment benefits , a measure of layoffs, fell from a seasonally adjusted 12,000 to 350,000 in the week ended October 19. Applications for the previous week were revised slightly higher from the initial value . Figures for the last week exceeded economists' expectations at 341,000 new claims . However , there have been the second consecutive decline , indicating that employment in the private sector too has suffered from a 16-day shutdown of the federal government , which began Oct. 1.

The total number of today's report does not include the benefits of federal employees who file for unemployment benefits through a separate program .

Report on Thursday showed that the four-week moving average of claims , which smooths out volatile weekly data , rose by 10,750 last week to 348,250 . Economist of the Ministry of Labour said that the figures in recent weeks have been distorted because of computer problems in California.

The data also showed that the number of continuing claims for unemployment benefits last week fell on October 6-12, 8000 to 2,874 million Continuing claims are available with a lag of one week.

The pound regained previously lost ground against the dollar in anticipation of tomorrow's GDP report Britain. It is expected that the results of tomorrow's GDP report will support the positive tone of the British macro received during the last quarter. Office for National Statistics to report on the economic growth of 0.8% in the 3rd quarter. Yesterday, the Bank of England published the minutes of the meeting , which reflected the confidence of members of the Committee in the growth of the UK , as well as hints to the fact that the data for the 3rd quarter may be stronger than expected.

Note that sterling is surely rise from lows on July 9 at the positive data . However , he may have moved to the overbought territory , and its future growth will be at risk , especially if the statistics of the positive move in neutral , which will increase the downside risks . The further strengthening of the pound is likely to be due to the weakness of the dollar caused by the continuing QE expectations and the likelihood of new problems with the debt ceiling, the U.S., will expire when the period of temporary agreements , namely, February 7, 2014 .

European stocks advanced as companies from ABB (ABBN) Ltd. to Daimler AG posted earnings that beat estimates, while a report showed China’s manufacturing strengthened this month more than forecast.

The Stoxx Europe 600 Index increased 0.4 percent to 320.31 at the close of trading in London. The equity benchmark slid 0.6 percent yesterday, ending its longest rally since June 2010, as companies reported lower sales. The index has risen 3.2 percent this month as U.S. lawmakers agreed to extend the government’s borrowing authority until 2014.

In China, the preliminary reading of a manufacturing gauge climbed more than forecast. The reading of 50.9 for the purchasing managers’ index from HSBC Holdings Plc and Markit Economics beat the 50.4 median estimate from analysts. Readings above 50 indicate expansion.

National benchmark indexes advanced in 15 of the 18 Western-European markets.

FTSE 100 6,713.18 +38.70 +0.58% CAC 40 4,275.69 +15.03 +0.35% DAX 8,980.63 +60.77 +0.68%  

European equities briefly pared gains after the advance reading of a composite index for euro-area manufacturing and services dropped to 51.5 this month from 52.2 in September. The median economist forecast had called for an increase to 52.4.

ABB added 5 percent to 23.05 Swiss francs. The world’s biggest maker of power transformers reported that third-quarter net income rose to $835 million. The average estimate of analysts had called for $789 million.

Daimler climbed 3.3 percent to 60.29 euros. The world’s third-largest maker of luxury vehicles said third-quarter earnings before interest and taxes rose 16 percent to 2.23 billion euros, beating the 2.09 billion euros estimated by analysts surveyed.

Celesio jumped 5.4 percent to 22.90 euros. McKesson, the largest U.S. pharmaceutical distributor, agreed to buy a majority stake in the German company and make a tender offer for the remaining publicly traded stock. The shares have surged 34 percent since Oct. 7, the day before a person familiar with the matter said McKesson (MCK) had begun talks with Celesio’s biggest investor, Franz Haniel & Cie. GmbH.

Ophir Energy Plc surged 9.5 percent to 327.9 pence, its biggest gain since Mar. 5. The U.K. oil and gas explorer said it has started talks to sell assets in Tanzania.

Banco de Sabadell SA rose 5.6 percent to 1.89 euros. Spain’s fifth-biggest bank said net interest income, a gauge of its main lending business, increased to 451.2 million euros in the third quarter from 414.6 million euros in the preceding three months.

DNB ASA (DNB) climbed 5.9 percent to 104.10 kroner, its highest price since at least 1992. Norway’s largest bank said third-quarter net income rose 38 percent after net interest income increased and loan losses declined.

SEB AB gained 2.4 percent to 77.10 kronor. Sweden’s fourth-biggest bank by market value posted third-quarter profit of 3.75 billion kronor ($589 million), exceeding the average analyst projection of 3.39 billion kronor.

Oil prices fell today , dropping to $ 107 per barrel (brand Brent), which was associated with an increase in production and reserves of oil in the United States.

Boom of shale oil and gas in the U.S. is not terminated, the report shows the Energy Information Administration (EIA). Companies have learned to use less oil rigs while doing well bigger and better As the first published the "Report on drilling performance ," prepared division of the U.S. Department of Energy - energy Information Administration (EIA), the industry becomes more efficient : the company invented ways to use less oil rigs and drilling with a larger , more comfortable for pumping hydrocarbon wells in shale deposits , increasing the production of energy in the country.

In the EIA report presents data on the efficiency of production in the six fields of the United States , only one of them (the field in West Texas Permian ) were reported improvements. Results efficient drilling is particularly evident in the field yuzhnotehasskom Eagle Ford. The number of drilling rigs in September is decreased by 5 % compared to last year . However, the performance of each of the operating units was higher oil and gas production from the field has exceeded the previous year by 28%. According to the report, EIA, production of oil and gas in the Eagle Ford as a whole rose by 57 %.

Meanwhile, we add that to the dynamics of trade also affected the reported data for China . Preliminary results of the surveys, which were published today HSBC Bank and Markit Economics, showed that activity in the manufacturing sector in China has grown considerably in October , reaching a seven-month high at the same time . We add that this improvement adds evidence that the recovery is gaining momentum after the recession , which was observed in the first half of this year. According to the report , the pre- production purchasing managers index rose in October to the level of 50.9 , up from 50.2 in September. We add that, according to the average forecast of experts , the index should have grown to the level of 50.5 .

In addition , the data showed that a preliminary purchasing managers' index for the manufacturing sector rose in October to the level of 51 , ​​compared to 50.2 the previous month. Note that the final data on the two indicators for October will be presented on November 1 .

The cost of the December futures on U.S. light crude oil WTI (Light Sweet Crude Oil) fell to $ 96.47 a barrel on the New York Mercantile Exchange.

December futures price for North Sea Brent crude oil mixture fell $0.29 to $ 107.29 a barrel on the London exchange ICE Futures Europe.

Gold prices rose today , reaching in this month high , after data showed that the number of claims for unemployment benefits in the U.S. fell less than expected , reinforcing expectations about what the Fed will delay the collapse of its monetary stimulus measures .

The data from the Labor Department showed that the number of initial claims for unemployment benefits fell to a seasonally adjusted 12,000 to 350,000 in the week ended October 19. Figures for the last week exceeded economists' expectations at 341,000 new claims . However , there have been the second consecutive decline , indicating that employment in the private sector too has suffered from a 16-day shutdown of the federal government. The total number of today's report does not include the benefits of federal employees who file for unemployment benefits through a separate program .

The report also showed that the four-week moving average of claims rose by 10,750 last week to 348,250 , and the number of continuing claims for unemployment benefits last week fell to 12.6 in October 8000 to 2,874 million

We also add that the increase in the price of gold has also helped the depreciation of the dollar. Weak U.S. dollar ( U.S. currency weakened against the euro to an average of $ 1.38 for the first time in nearly two years ) - this is one of the main reasons why the price of gold could rise above $ 1,340 today dollars per troy ounce. Recall that a weak dollar leads to higher prices for dollar-denominated commodities, such as gold, because it makes them cheaper for holders of other currencies.

Note that the positive data on the manufacturing sector of China (the second largest consumer of gold in the world ) , also helped support prices for the precious metal. A preliminary report on the index of manufacturing activity in China from HSBC in October showed that the index hit a seven-month high 50.9 . In September, the index was at 50.2 .

At Goldman Sachs expect the price of gold will fall to $ 1,144 an ounce in 2014 against the background of improved economic performance in the United States , the rise of real interest rates and the beginning of the contraction of U.S. monetary stimulus .

The cost of the December gold futures on COMEX today rose to $ 1347.30 per ounce.

EUR/USD $1.3625, $1.3650, $1.3700, $1.3725, $1.3740, $1.3750, $1.3775, $1.3800

USD/JPY Y97.25, Y97.35, Y97.50, Y97.65, Y98.00, Y98.20, Y98.50

EUR/JPY Y133.00

AUD/JPY Y94.00, Y95.00

GBP/JPY Y158.00

GBP/USD $1.6150, $1.6165, $1.6260

EUR/GBP stg0.8435, stg0.8500, stg0.8530

USD/CHF Chf0.9025, Chf0.9100

EUR/CHF Chf1.2280, Chf1.2300, Chf1.2350, Chf1.2400

AUD/USD $0.9600, $0.9700

NZD/USD $0.8400

USD/CAD C$1.0270/75, C$1.0285, C$1.0300, C$1.0380/85, C$1.0415

U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding from its first retreat in six days, as corporate earnings beat expectations and investors assessed global manufacturing data.

Global Stocks:

Nikkei  14,486.41 +60.36 +0.42%

Hang Seng 22,835.82 -164.13 -0.71%

Shanghai Composite 2,164.32 -18.78 -0.86%

FTSE  6,710.06 +35.58 +0.53%

CAC  4,268.06 +7.40 +0.17%

DAX 8,972.04 +52.18 +0.58%

Crdue oil $96.62 -0.25%

Gold $1340.50 +0.49%

Upgrades:

Downgrades:

Caterpillar (CAT) downgraded from Outperform to Mkt Perform at Raymond James

Other:

Walt Disney (DIS) initiated with Neutral at Guggenheim

United Tech (UTX) reiterated with Mkt Perform at FBR Capital, target $110

06:58 France Manufacturing PMI (Preliminary) October 49.8 50.3 49.4

06:58 France Services PMI (Preliminary) October 51.0 51.2 50.2

07:28 Germany Manufacturing PMI (Preliminary) October 51.1 51.6 51.5

07:28 Germany Services PMI (Preliminary) October 53.7 53.8 52.3

07:58 Eurozone Manufacturing PMI (Preliminary) October 51.1 51.4 51.3

07:58 Eurozone Services PMI (Preliminary) October 52.2 52.3 50.9

10:00 United Kingdom CBI industrial order books balance October 9 10 -4

The dollar fell against most major currencies , as recent partial shutdown of the government 's economic growth slowed in the United States . Against this background, there were views that the Federal Reserve would be forced to extend the duration of the program of monetary stimulus.

The dollar approached a two-year low against the euro ahead of the publication of today's report on the number of new applications to receive unemployment benefits in the U.S.. According to the median forecast of economists , the U.S. Labor Department is likely to fix the growing number of people continuing to receive unemployment benefits to 2,870,000 . However , for the week ending Oct. 19 , the rate may drop to 340 thousand against 358 thousand in the previous week . It should be noted that a partial government shutdown , which began Oct. 1 , is likely to decrease by 0.25 percentage points of economic growth in the fourth quarter and in October was worth the loss of 120 thousand jobs . This was on October 22 said the chief economic adviser to President Barack Obama.

The euro fell back from the reached 23 -month high against the dollar after the publication of disappointing purchasing managers' index (PMI) in the eurozone.

The data showed that manufacturing activity in the services sector in October rose a fourth straight month , but the pace of growth slowed compared with the last few months. Because of the decline in services preliminary composite purchasing managers' index (PMI) fell unexpectedly to 51.5 from 52.2 in September. Economists had expected the index to rise to 52.4 . Services PMI fell to 50.9 in October from 52.2 , while , according to forecasts , it has been a little increase to 52.3 . On the other hand, the growth of manufacturing activity improved slightly in October, the corresponding index rose to 51.3 from 51.1 in September. It was expected the index to rise to 51.4 .

EUR / USD: during the European session, the pair rose to $ 1.3822 , and then fell to $ 1.3764

GBP / USD: during the European session, the pair rose to $ 1.6223 , and then fell to $ 1.6161

USD / JPY: during the European session, the pair rose to Y97.62, and then fell to Y97.28

In the U.S., will be released at 13:00 GMT the index of business activity in the manufacturing sector in October , at 14:00 GMT - the volume of sales in the primary market in September , the level of vacancies and labor turnover from the Bureau of Labor Statistics for August. At 23:30 GMT Japan will release the consumer price index , consumer price index excluding prices for fresh food , the consumer price index excluding prices for food and energy in September , the CPI Tokyo, Tokyo CPI excluding prices for fresh food, Tokyo CPI excluding prices for food and energy in October.

EUR/USD

Offers $1.3865/75, $1.3850, $1.3830/35

Bids $1.3750/40, $1.3720, $1.3710/00

GBP/USD

Offers  $1.6320/30, $1.6300, $1.6280, $1.6260

Bids  $1.6115/00

AUD/USD

Offers  $0.9750, $0.9720/25, $0.9690/00, $0.9670/75, $0.9645/50

Bids  $0.9605/00, $0.9580, $0.9560/50, $0.9500

EUR/GBP

Offers  stg0.8600, stg0.8550/65, stg0.8530/35

Bids stg0.8505/00, stg0.8470, stg0.8450/40

EUR/JPY

Offers  Y135.50, Y135.00, Y134.80, Y134.55/60

Bids Y134.00. Y133.55/50

USD/JPY

Offers  Y98.50, Y98.00

Bids Y97.20, Y97.00, Y96.80, Y96.50, Y96.20

European stocks advanced as companies from ABB Ltd. to Daimler AG posted earnings that beat estimates, while a report showed China’s manufacturing strengthened this month more than forecast. U.S. index futures rose, while Asian shares were little changed.

In China, the preliminary reading of a manufacturing gauge climbed more than forecast, a sign the recovery is gaining momentum. The reading of 50.9 for the purchasing managers’ index released today by HSBC Holdings Plc and Markit Economics beat the 50.4 median estimate from analysts surveyed by Bloomberg News. Readings above 50 indicate expansion.

European equities pared gains after the advance reading of a composite index for euro-area manufacturing and services dropped to 51.5 this month from 52.2 in September. The median economist forecast had called for an increase to 52.4.

ABB added 3.3 percent to 22.69 Swiss francs. The biggest maker of power transformers reported third-quarter net income rose to $835 million. The average estimate of analysts surveyed by Bloomberg was for $789.4 million.

Daimler added 3.3 percent to 60.28 euros. The world’s third-largest maker of luxury vehicles said third-quarter earnings before interest and taxes rose 16 percent to 2.23 billion euros, surpassing the 2.09 billion euros estimated by analysts.

Celesio jumped 5.6 percent to 22.95 euros. McKesson, the largest U.S. pharmaceutical distributor, agreed to buy a majority stake in the German company and make a tender offer for the remaining publicly traded stock to boost its share of the growing global generic-drug market. Celesio has surged 34 percent since Oct. 7, a day before the deal was first reported to be under discussion.

FTSE 100 6,705.48 +31.00 +0.46%

CAC 40 4,270.54 +9.88 +0.23%

DAX 8,983.77 +63.91 +0.72%

An indicator of private sector performance for the euro area signaled expansion for the fourth straight month in October, but declined unexpectedly from a 27-month high, survey results showed Thursday.

Due to a slowdown in services, the flash composite Purchasing Managers' Index fell unexpectedly to 51.5 from 52.2 in September, Markit Economics said. The reading was expected to rise to 52.4.

The services PMI slid to 50.9 in October from 52.2, while it was forecast to remain unchanged at the September level.

On the other hand, manufacturing activity growth improved slightly in October, with the index rising to 51.3 from 51.1 in September. It was expected to climb to 51.4.

"It's too early to say that the recovery is losing momentum," Chris Williamson, chief economist at Markit said.

"The dip in the PMI will remind policymakers that a sustainable upturn is by no means assured, and adds confirmation to the ECB's view that the recovery is slow, uneven and fragile," says Williamson.

Germany's private sector economy expanded at the slowest pace in three months during October, as the slowdown in services growth offset an improvement in manufacturing, preliminary data from a survey by Markit Economics showed on Thursday.

The flash composite output index dropped to a three-month low of 52.6 from 53.2 in September. A reading above 50 suggests expansion in the sector, while a level below 50 indicates contraction.

The flash services activity index also fell to a three-month low of 52.3 from 53.7 in September. Economists had expected the score to remain unchanged this month.

The flash purchasing managers' index for the manufacturing sector, meanwhile, rose to a two-month high of 51.5 from 51.1 in the previous month. Economists were looking for a figure of 51.4.

"A slower rate of expansion in services activity meant that overall growth eased slightly from the trend recorded over the third quarter," Markit Senior Economist Tim Moore said.

New business volumes increased for the fourth straight month, but the growth was the slowest since July due to weakness in services. Further, foreign orders in manufacturing grew at the slowest pace in the three months.

Unfinished work volumes were stagnant and jobs were reduced slightly in both manufacturing and services, the survey found.

Input price inflation persisted and costs rose for the fourth month in a row. The latest increase was the fastest in a year, which was partly driven by a return to cost inflation in the factory sector.

However, output prices were broadly unchanged in October. While, manufacturers reported an increase in factory-gate prices, service providers indicated a decline, the first since April.

EUR/USD $1.3625, $1.3650, $1.3700, $1.3725, $1.3740, $1.3750, $1.3775, $1.3800

USD/JPY Y97.25, Y97.35, Y97.50, Y97.65, Y98.00, Y98.20, Y98.50

EUR/JPY Y133.00

AUD/JPY Y94.00, Y95.00

GBP/JPY Y158.00

GBP/USD $1.6150, $1.6165, $1.6260

EUR/GBP stg0.8435, stg0.8500

USD/CHF Chf0.9025, Chf0.9100

EUR/CHF Chf1.2280, Chf1.2300, Chf1.2350, Chf1.2400

AUD/USD $0.9600, $0.9700

NZD/USD $0.8400

USD/CAD C$1.0270/75, C$1.0285, C$1.0300, C$1.0415

Asian stocks rose, with the regional benchmark index erasing losses, as companies from Hitachi Ltd. to LG Household & Health Care Ltd. posted earnings that beat analyst estimates.

Nikkei 225 14,486.41 +60.36 +0.42%

Hang Seng 22,809.53 -190.42 -0.83%

S&P/ASX 200 5,372.9 +16.80 +0.31%

Shanghai Composite 2,164.32 -18.78 -0.86%

Hitachi, a maker of electronic equipment and machinery, jumped 8.4 percent in Tokyo.

LG Household climbed 6.2 percent in Seoul.

Nine Dragons Paper Holdings Ltd. advanced 8 percent in Hong Kong after Deutsche Bank AG raised its equity rating on the maker of packaging materials.

Agricultural Bank of China Ltd. fell 1.7 percent, pacing declines among Chinese lenders, as the country’s money-market rates climbed.

The dollar weakened versus most major peers as signs that U.S. growth was hampered by a partial government shutdown fueled speculation the Federal Reserve will push back the timing of monetary stimulus reductions.

The greenback approached a two-year low against the euro before a report today that may show continuing jobless claims in the U.S. rose. The U.S. Labor Department may say today the number of people continuing to receive jobless benefits climbed to 2.87 million in the week through Oct. 12 from 2.86 million a week earlier, according to the median estimate of economists surveyed by Bloomberg News. First-time claims probably fell to 340,000 in the period ended Oct. 19 from 358,000 the previous week, a separate poll shows. The partial government shutdown that began Oct. 1 probably trimmed 0.25 percentage point from fourth-quarter economic growth and cost the U.S. 120,000 jobs in October, President Barack Obama’s chief economic adviser said on Oct. 22.

Demand for Europe’s shared currency was supported before data that may indicate faster expansion in the region’s manufacturing and service industries. An advance reading of a composite index for euro-area manufacturing and services due for release today will probably show an increase to 52.4 this month from 52.2 in September, according to analysts in a Bloomberg survey. That would be the highest since June 2011.

Australia’s currency rebounded from its biggest one-day loss in two months. Preliminary data today showed a manufacturing gauge by HSBC Holdings Plc and Markit Economics climbed to 50.9 this month from 50.2 in September.

EUR / USD: during the Asian session the pair rose to $ 1.3790

GBP / USD: during the Asian session, the pair rose to $ 1.6200

USD / JPY: during the Asian session the pair traded in the range of Y97.15-55

In the UK, at 0830GMT, the September SMMT Auto Production Figures will be officially released, although they appear to have been trailed in the FT and show production running at a 5-year high, up 9.9% against Sept 2012. Further UK data will cross the wires at 1000GMT, when the Oct CBI Industrial Trends Survey numbers are set to be published.

GOLD 1,333.90  -8.60 -0.64%

OIL (WTI) 96.81  -1.49 -1.52%

Nikkei 225 14,426.05 -287,20 -1,95%

Hang Seng 22,999.95 -316,04 -1,36%

S & P / ASX 200 5,356.1 -17.05 -0.32%

Shanghai Composite 2,183.11 -27.54 -1.25%

FTSE 100 6,674.48 -21.18 -0.32%

CAC 40 4,260.66 -34.77 -0.81%

DAX 8,919.86 -27.60 -0.31%

Dow -60.85 15,406.81 -0.39%

Nasdaq -25.99 3,903.58 -0.66%

S&P -8.86 1,745.81 -0.50%

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

EUR/USD $1,3774 -0,02%

GBP/USD $1,6163 -0,41%

USD/CHF Chf0,8922 -0,30%

USD/JPY Y97,35 -1,08%

EUR/JPY Y134,10 -0,81%

GBP/JPY Y157,36 -1,17%

AUD/USD $0,9614 -0,96%

NZD/USD $0,8399 -1,33%

USD/CAD C$1,0382 +0,91%

01:45 China HSBC Manufacturing PMI (Preliminary) October 50.2 50.5

03:00 Australia RBA Assist Gov Lowe Speaks 06:28 France Manufacturing PMI (Preliminary) October 49.8 50.3

06:28 France Services PMI (Preliminary) October 51.0 51.2

07:28 Germany Manufacturing PMI (Preliminary) October 51.1 51.6

07:28 Germany Services PMI (Preliminary) October53.7 53.8

07:58 Eurozone Manufacturing PMI (Preliminary) October 51.1 51.4

07:58 Eurozone Services PMI (Preliminary) October52.2 52.3

10:00 United Kingdom CBI industrial order books balance October 9 10

12:30 U.S. Initial Jobless Claims October 358 341

13:00 U.S. Manufacturing PMI (Preliminary) October52.8 52.8

14:00 U.S. JOLTs Job Openings August 3689 3765

14:00 U.S. New Home Sales September 421 427

16:45 United Kingdom BOE Gov Mark Carney Speaks

23:30 Japan Tokyo Consumer Price Index, y/y October +0.5% +0.5%

23:30 Japan Tokyo CPI ex Fresh Food, y/y October+0.2% +0.4%

23:30 Japan National Consumer Price Index, y/y September +0.9% +0.9%

23:30 Japan National CPI Ex-Fresh Food, y/y September +0.8% +0.7%