The dollar rose significantly against the euro , which in the first place was due to the release of weak data on Germany, as well as the better -than-expected report on U.S. GDP .

The Federal Labor Agency said that the number of unemployed in Germany rose by 7,000 in August compared with the previous month . Economists forecast that the unemployment rate will decrease by 5000. The unemployment rate seasonally adjusted remained unchanged at 6.8 percent. The rate of unemployment in line with economists' expectations . According to data released by Destatis, the number of unemployed fell by 40,000 in July compared with the previous month to 2.28 million. At the same time , the unemployment rate fell to 5.3 percent, a few sokartivshis from 5.4 percent in June.

As for the U.S. data , the Commerce Department reported that GDP increased by 2.5 percent in the second quarter , reflecting an upward revision from the initial estimate of 1.7 percent growth . Economists had expected a somewhat less strong upward revision in the GDP growth rate to 2.3 percent. Corporate profits rose 2.6 % in the second quarter compared with the first, which indicates that the company should be in a good position to add jobs and increase investments in the coming months.

The submitted report paints a picture of the economic recovery is gaining momentum, but remains weak by historical standards . Uttered by the value of GDP is the last significant factors that Fed officials will see before they meet on September 17-18 to discuss whether to start down its bond buying program by $ 85 billion a month. The Fed signaled earlier this year that it wanted to reduce these purchases, if the economy continues to show improvement . Many economists believe that they can start doing it as soon as next month.

The Canadian dollar fell against the U.S. currency , as economic data from the U.S. and Canada were given a favorable assessment of the prospects of the U.S. economy and the U.S. dollar strengthened . Note that the data presented today in Canada showed that the current account deficit of the balance of payments in Canada increased in the 2nd quarter and seasonally adjusted totaled 14.58 billion Canadian dollars against 13.45 billion Canadian dollars in the 1st quarter. The data for the 1st quarter were revised . In trade in goods in the 2nd quarter was recorded over a significant deficit , as import growth exceeded export growth . Meanwhile, the deficit of trade in services has also increased .

Meanwhile , another report showed that Canadian producer prices rose in July, slightly above market expectations and in line with the increase in the previous month, mainly due to higher costs for energy and transport. These data are provided by Statistics Canada . According to the agency prices for manufactured goods rose 0.3 % in July , slightly below market expectations of 0.4% growth .

Prices for raw materials used by manufacturers , rose 4.2 % in July , well above the consensus forecast of growth of 1.2% and it is the biggest gain in two years . The price increase was mainly due to 9.7 % increase in the price of crude oil .

European stocks rose, erasing their monthly loss, as Vodafone (VOD) Group Plc surged to an 11-year high while data showed the U.S. economy grew faster than forecast in the second quarter and a drop in jobless claims beat estimates.

The Stoxx Europe 600 Index added 0.8 percent to 300.23 at 4:30 p.m. in London. The gauge lost 2.2 percent in the past three days, closing yesterday at a six-week low, on concern the U.S. will take military action against Syria. Secretary of State John Kerry this week said America will hold Syria accountable for the chemical-weapon attacks that opposition groups say killed as many as 1,300.

The U.S. economy grew at a 2.5 percent annualized rate in the second quarter, Commerce Department figures showed. That compared with the initial estimate of 1.7 percent and economists’ median estimate of a 2.3 percent gain. A separate report showed applications for jobless benefits fell by 6,000 to 331,000 last week from a revised 337,000 in the prior week.

The prospect of imminent military action against Syria weakened as the U.K. and France said they prefer waiting for the results of a United Nations investigation into alleged use of chemical weapons by President Bashar al-Assad’s government against its citizens. The U.S., which says it has evidence his administration was responsible, will not act without allies, according to Defense Secretary Chuck Hagel.

National benchmark indexes gained in all of the western European markets except Iceland and Switzerland.

FTSE 100 6,483.05 +52.99 +0.82% CAC 40 3,986.35 +25.89 +0.65% DAX 8,194.55 +36.65 +0.45%

Vodafone surged 8.6 percent to 205.5 pence, its highest price since January 2002. Europe’s biggest wireless carrier said it is in talks with Verizon to sell its 45 percent stake in their Verizon Wireless venture.

The transaction may be valued at $130 billion, people with knowledge of the matter said. At that price, the deal would be the biggest since Vodafone’s acquisition of Mannesmann AG in 2000 and would give the U.K. carrier’s finances a boost as it tries to revive operations hurt by Europe’s debt crisis.

Carrefour (CA) rose 5.7 percent to 24.09 euros, for its biggest gain since Jan. 17. France’s largest retailer reported a 4.9 percent increase in first-half profit as consistent pricing and improved store management helped stabilize domestic revenue. Recurring operating income jumped to 766 million euros ($1.02 billion), in line with the median analyst estimate of 767 million euros.

Melrose Industries Plc (MRO) advanced 6.4 percent to 302.7 pence, its highest price since it sold shares to the public in October 2003. The owner of Brush Turbogenerators said first-half sales more than doubled from a year earlier.

WPP Plc climbed 4.9 percent to 1,236 pence, its highest price since March 2000. The world’s largest advertising company said first-half sales increased 7.1 percent on stronger growth in the U.K. and North America, helping counter a slowdown in Asia and Africa.

Baloise Holding AG (BALN) gained 2.7 percent to 100.30 Swiss francs. Switzerland’s third-biggest insurer said higher non-life sales pushed up first-half net income to 244.8 million francs ($265 million), from 218.3 million francs in the year-before period. The company also said it is on track to meet its financial targets.

Oil prices fell , departing from a two-year high as the prospect of an imminent attack on Syria has decreased, and better-than- expected economic data in the U.S. suggest that the Federal Reserve will cut back its program to purchase assets .

Prices fell by 1.4 %, as the United Kingdom and France have said they are awaiting the outcome of an investigation by the United Nations , who shall verify that the use of Syria's chemical weapons.

Add that Syrian President Bashar al-Assad said on August 29 that Syria would defend itself against any aggression from the West. It is reported by Reuters . The Syrian leader made ​​such a statement after reports that the U.S. and its allies are preparing a military strike in response to the alleged chemical attack near Damascus .

On the eve of the UN Security Council failed to authorize an attack on Syria. However , following yesterday's emergency meeting of the NATO Council NATO Secretary General Anders Fogh Rasmussen has actually confirmed fast start military operations against Damascus.

Most experts agree that an attack on Syria will be done on Friday night . In support of this prediction is the fact that on Thursday scheduled an emergency meeting of the British Parliament , called to approve the strike against Syria . It will end at 23:00 Kyiv time.

With respect to data , the attention was focused on the many today to report on the GDP . The Ministry of Labour stated that reflect changes in import and export of the U.S. economy grew in the second quarter, more than previously estimated. Increase was due to an upward revision in exports and business investment. The report showed that GDP grew by 2.5 percent in the second quarter , reflecting an upward revision from the initial estimate of 1.7 percent growth . Economists had expected a somewhat less strong upward revision in the GDP growth rate to 2.3 percent.

The cost of the October futures on U.S. light crude oil WTI (Light Sweet Crude Oil) fell to $ 109.38 a barrel on the New York Mercantile Exchange.

October futures price for North Sea Brent crude oil mixture fell to $ 115.98 a barrel on the London exchange ICE Futures Europe.

The cost of gold futures fell slightly , which was due to pressure from the U.S. dollar, as well as investor speculation that the Federal Reserve may soon resort to a decline in asset-purchase program against the publication of better-than -expected GDP data .

It is learned that the U.S. economy grew higher than previously expected, as in the second quarter, exports and business investment were revised higher, showing that the strong growth trajectory will continue in the second half of the year. According to the report , the gross domestic product grew in the second quarter by 2.5 % year on year. The initial assessment , which reported last month , was 1.7%. Economists had expected the revision of GDP growth in the second quarter to 2.3 %.

GDP report , which was released today , paints a picture of the economic recovery is gaining momentum , although growth remains weak by historical standards . These figures for GDP growth - the last before the Fed meeting on September 17-18, and the Fed decision to reduce the bond purchase program (or a failure to take such a decision .) Earlier, officials of the Federal Reserve reported that the redemption of bonds may be reduced if the economy will continue to grow .

Meanwhile , we note that the dynamics of trading continues to influence the tense situation in Syria. In recent days Washington further tightened rhetoric against Damascus , accusing it of using chemical weapons. The Pentagon said it was ready to strike at Syria as soon as is ordered by President Barack Obama. U.S. Vice President Joe Biden said Tuesday that the U.S. administration is engaged in intensive consultations with our allies .

In addition, experts say that there are signs that the recent rise in gold prices was related to the limited demand for gold bars and jewelry from major customers in Asia.

The cost of the October gold futures on COMEX today dropped to $ 1405.40 per ounce.

Germany's EU harmonized inflation slowed in August, and to a larger extent than expected by economists, latest data showed Thursday.
The harmonized index of consumer prices (HICP) increased 1.6 percent on an annual basis in August, following the previous month's 1.9 percent rise, preliminary estimates from the Federal Statistical Office revealed. Economists were looking for a 1.7 percent growth.
The HICP stayed unchanged compared to July, when they recorded a 0.4 percent gain. Economists had forecast a more modest increase of 0.1 percent.
At the same time, inflation as per the consumer price index (CPI) eased to 1.5 percent in August from 1.9 percent in July. The CPI inflation was forecast to be 1.7 percent.
Sequentially, consumer prices stayed unchanged in August, after rising by 0.5 percent a month earlier, data showed. The index was expected to grow 0.1 percent month-on-month.

EUR/USD $1.3250, $1.3350, $1.3430, $1.3450

USD/JPY Y96.50, Y97.50, Y98.00, Y99.00, Y99.25, Y99.50

EUR/JPY Y130.00

GBP/USD $1.5400, $1.5450, $1.5500, $1.5600

EUR/GBP stg0.8500

EUR/CHF Chf1.2310

AUD/USD $0.8860, $0.8950, $0.8980, $0.9065

AUG/NZD NZ$1.1500

USD/CAD C$1.0420, C$1.0550, C$1.0560

CAD/JPY Y92.80

Canadian producer prices rose in July, matching market expectations and the previous month's increase, on higher costs for energy products and motor vehicles, Statistics Canada said Thursday.

The data agency's industrial product price index advanced 0.3% in July, which was in line with market expectations, according to a report from economists at Royal Bank of Canada.

Prices for raw materials used by manufacturers surged 4.2% in July, well above the market consensus for a 0.8% advance and the biggest gain in over two years. The bigger-than-anticipated gain was attributed to a 9.7% rise in crude oil prices.

U.S. stock-index futures were little changed, erasing an earlier advance, as investors weighed data showing the economy grew more than forecast in the second quarter and jobless claims fell.

Global Stocks:

Nikkei 13,459.71 +121.25 +0.91%

Hang Seng 21,704.78 +180.13 +0.84%

Shanghai Composite 2,097.23 -4.07 -0.19%

FTSE 6,472.78 +42.72 +0.66%

CAC 3,968.23 +7.77 +0.20%

DAX 8,161.47 +3.57 +0.04%

Crude oil $109.42 -0.62%

Gold $1413.80 -0.35%

EUR/USD

Offers $1.3420, $1.3395/405, $1.3345/55, $1.3300

Bids $1.3250, $1.3225/20, $1.3205/00, $1.3190

GBP/USD

Offers  $1.5680/85, $1.5640/50, $1.5615/20, $1.5600, $1.5545/55

Bids $1.5490, $1.5460/50, $1.5425/20, $1.5410/00, $1.5380

AUD/USD

Offers  $0.9080, $0.9045/50, $0.9020, $0.8995/00, $0.8970/80

Bids $0.8910/00, $0.8890, $0.8880/75, $0.8800

EUR/JPY

Offers  Y132.00, Y131.80, Y131.55/60, Y131.20, Y130.80/00

Bids Y129.85/80, Y129.50, Y129.20

USD/JPY

Offers Y98.90/00, Y98.50

Bids Y97.50/45, Y97.25/20, Y97.05/00, Y96.50

EUR/GBP

Offers stg0.8700, stg0.8665/75, stg0.8650/55

Bids stg0.8545/40, stg0.8520-10

European stocks rose, snapping a three-day drop, as investors awaited data on U.S. economic growth and Vodafone Group Plc surged to an 11-year high. U.S. index futures and Asian shares also climbed.

In Germany, unemployment unexpectedly increased in August, for the first time in three months. The number of people out of work increased by a seasonally adjusted 7,000 to 2.95 million, the Nuremberg-based Federal Labor Agency said. Economists in a survey had predicted a decline by 5,000. The adjusted jobless rate stayed at 6.8 percent, near a two-decade low.

Vodafone surged 9 percent to 206.4 pence, its highest price since January 2002. Europe’s biggest wireless carrier said it is in talks with Verizon to sell its 45 percent stake in their Verizon Wireless venture.

The transaction may be valued at $130 billion, people with knowledge of the matter said. At that price, the deal would be the biggest since Vodafone’s acquisition of Mannesmann AG in 2000 and would give the U.K. carrier’s finances a boost as it tries to revive operations hurt by Europe’s debt crisis.

A gauge of telecommunications stocks rallied the most since August 2011, posting the best performance among the 19 industry groups in the Stoxx 600. Telecom Italia SpA, Italy’s largest phone company, increased 3.1 percent to 0.50 euros. Orange SA climbed 2.4 percent to 7.76 euros.

Carrefour rose 4.8 percent to 23.87 euros, for its biggest increase since June 26. France’s largest retailer reported a 4.9 percent increase in first-half profit as more consistent pricing and improved store management helped stabilize domestic revenue. Recurring operating income advanced to 766 million euros ($1.02 billion), in line with the median analyst estimate of 767 million euros.

FTSE 100 6,457.91 +27.85 +0.43%

CAC 40 3,969.52 +9.06 +0.23%

DAX 8,184.44 +26.54 +0.33%

Switzerland's employment continued to increase in the second quarter despite a fall in the secondary sector, the Federal Statistical Office said Thursday.

The number of employed increased to 4.166 million from 4.152 million in the previous quarter. The decline in the secondary sector was offset by a sharp improvement in the tertiary sector.

Data showed that employment in secondary sector dropped by 0.4 percent, while that in tertiary gained 2.3 percent.

However, the employment outlook indicator and difficulty in recruiting personnel fell compared with the same quarter of the previous year, it said.

Germany's unemployment increased by 7,000 in August from the previous month, the Federal Labor Agency reportedly said Thursday. Economists had forecast unemployment to fall by 5,000.

The jobless rate remained unchanged at seasonally adjusted 6.8 percent. The rate came in line with economists' expectations.

According to the figures released by Destatis, the number of unemployed decreased by 40,000 in July from the prior month to 2.28 million. At the same time, the jobless rate dropped slightly to adjusted 5.3 percent from 5.4 percent in June.

EUR/USD $1.3250, $1.3350, $1.3430, $1.3450

USD/JPY Y96.50, Y97.50, Y98.00, Y99.00, Y99.25, Y99.50

EUR/JPY Y130.00

GBP/USD $1.5400, $1.5450, $1.5500, $1.5600

EUR/GBP stg0.8500

EUR/CHF Chf1.2310

AUD/USD $0.8860, $0.8950, $0.8980, $0.9065

AUG/NZD NZ$1.1500

USD/CAD C$1.0420, C$1.0550, C$1.0560

CAD/JPY Y92.80

Asia’s benchmark stock index rose from a two-month low as energy shares increased after concern military action against Syria will disrupt global oil supplies fueled gains in crude prices this week.

Nikkei 225 13,459.71 +121.25 +0.91%

Hang Seng 21,704.78 +180.13 +0.84%

S&P/ASX 200 5,092.41 +5.25 +0.10%

Shanghai Composite 2,097.23 -4.07 -0.19%

Inpex Corp., Japan’s No. 1 energy explorer, advanced 5.2 percent after oil climbed to a two-year high yesterday.

Qantas Airways Ltd. jumped 14 percent as Australia’s biggest carrier doubled profit.

China Mengniu Dairy Co., the country’s largest dairy producer, soared 6.4 percent after increasing first-half earnings by 16 percent.

01:00 Australia HIA New Home Sales, m/m July +3.4% -4.7%

01:00 New Zealand ANZ Business Confidence August 52.8 48.1

01:30 Australia Private Capital Expenditure Quarter II -4.1% Revised From -4.7% +0.2% +4.0%

The dollar held near a four-week high against a basket of its peers before U.S. data forecast to show the economy grew faster than initially estimated, adding to the case for the Federal Reserve to slow monetary stimulus. Revised figures from the U.S. Commerce Department today will probably show gross domestic product expanded at a 2.2 percent annualized rate in the second quarter, according to a Bloomberg News survey of economists, compared with the initial reading of 1.7 percent. Separate data today are projected to show a decline in applications for jobless benefits. Fed policy makers are debating whether the economy is strong enough to allow them to pare back monthly purchases of $85 billion in Treasuries and mortgage debt. Officials will cut the amount at their next meeting on Sept. 17-18, according to 65 percent of economists in an Aug. 9-13 Bloomberg survey.

The Swiss franc weakened against most of its 16 major counterparts as ABN Amro Group NV said that the risk aversion spurred by mounting tension in Syria is going to ease. The U.S. and its NATO allies began presenting their justification for military action against Syria as they advanced plans for launching strikes and prepared evidence that the Middle Eastern regime used chemical weapons on its own people. Syrian President Bashar al-Assad’s government has denied allegations it used chemical weapons.

German figures due today are projected to show the number of people out of work decreased in August for a third month, according to analyst estimates. The unemployment rate probably held near a two-decade low of 6.8 percent.

Another report will probably show German inflation slowed in August, signaling price pressures remain contained in Europe’s largest economy. The consumer price index, calculated using a harmonized European Union method, rose 1.7 percent from a year earlier, compared with 1.9 percent in July, according to the median economist estimate in a Bloomberg survey.

EUR / USD: during the Asian session the pair fell to $ 1.3310

GBP / USD: during the Asian session, the pair is trading around $ 1.5530

USD / JPY: during the Asian session the pair is trading around Y97.70

A very light domestic calendar today with focus later on US Q2 GDP second reading, weekly jobless claims.

Change % Change Last

GOLD 1,419.00 -1.60 -0.11%

OIL (WTI) 109.36 0.35 0.32%

Nikkei 225 13,338.46 -203,91 -1,51%

Hang Seng 21,524.65 -350,12 -1,60%

S & P / ASX 200 5,087.16 -54,05 -1,05%

Shanghai Composite -2,27 -0,11 2,101.3%

FTSE 100 6,430.06 -10.91 -0.17%

CAC 40 3,960.46 -8.27 -0.21%

DAX 8,157.9 -84.66 -1.03%

Dow +49.46 14,825.59 +0.33%

Nasdaq +14.83 3,593.35 +0.41%

S&P +4.6 1,635.08 +0.28%

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

EUR/USD $1,3339 -0,38%

GBP/USD $1,5526 -0,12%

USD/CHF Chf0,9218 +0,4

USD/JPY Y97,70 +0,68%

EUR/JPY Y130,32 +0,31%

GBP/JPY Y151,67 +0,57%

AUD/USD $0,8938 -0,44%

NZD/USD $0,7799 +0,15%

USD/CAD C$1,0486 +0,09%

01:00 Australia HIA New Home Sales, m/m July +3.4% -4.7%

01:00 New Zealand ANZ Business Confidence August 52.8 48.1

01:30 Australia Private Capital Expenditure Quarter II -4.1% Revised From -4.7% +0.2% +4.0%

07:15 Switzerland Employment Level Quarter II 4.15 4.14

07:55 Germany Unemployment Change August -7 -5

07:55 Germany Unemployment Rate s.a. August 6.8% 6.8%

12:00 Germany CPI, m/m (Preliminary) August +0.5% +0.2%

12:00 Germany CPI, y/y (Preliminary) August +1.9% +1.7%

12:30 Canada Industrial Product Prices, m/m July +0.3% +0.4%

12:30 Canada Current Account, bln Quarter II -14.1 -14.9

12:30 Canada Raw Material Price Index July +0.3% +1.2%

12:30 U.S. PCE price index, q/q Quarter II +1.8% +1.8%

12:30 U.S. PCE price index ex food, energy, q/q Quarter II +0.8% +0.8%

12:30 U.S. Initial Jobless Claims August 336 329

12:30 U.S. GDP, q/q (Revised) Quarter II +1.7% +2.3%

12:50 U.S. FOMC Member James Bullard Speaks

16:00 Eurozone ECB's Jens Weidmann Speaks

18:00 U.S. FOMC Member Laker Speaks

22:45 New Zealand Building Permits, m/m July -4.0% +1.3%

23:01 United Kingdom Gfk Consumer Confidence August -16 -13

23:15 Japan Manufacturing PMI August 50.7

23:30 Japan Unemployment Rate July 3.9% 3.9%

23:30 Japan Household spending Y/Y July -0.4% +0.4%

23:30 Japan Tokyo Consumer Price Index, y/y August +0.4% +0.5%

23:30 Japan Tokyo CPI ex Fresh Food, y/y August +0.3% +0.4%

23:30 Japan National Consumer Price Index, y/y July +0.2% +0.7%

23:30 Japan National CPI Ex-Fresh Food, y/y July +0.4% +0.7%

23:45 U.S. FOMC Member James Bullard Speaks

23:50 Japan Industrial Production (MoM) (Preliminary) July -3.1% +3.9%

23:50 Japan Industrial Production (YoY) (Preliminary) July -4.6% +2.0%