CFD Markets News and Forecasts — 27-05-2013

EUR/USD $1.2780, $1.2800, $1.2850, $1.2920, $1.2925

USD/JPY Y100.25, Y100.75, Y101.00, Y101.75, Y102.00, Y102.25, Y102.50, Y103.10, Y103.90

AUD/USD $0.9895

Sold E7.792bln vs target E6.6bln-E7.8bln

- E3.999bln 3-month BTF, avg yield 0.010% (0.003%), cover 2.33 (2.61)

- E1.796bln 6-month BTF, avg yield 0.03% (0.012%), cover 2.74 (2.74)

- E1.997bln 12-month BTF, avg yield 0.06% (0.031%), cover 2.44 (2.58)

Germany sold E2.125bln 12-month Bubill at average yield 0.0011% (0.0018%), bid-to-cover ratio 2.3 times (1.8).

EUR/USD

Offers $1.3000, $1.2993/97/98, $1.2950

Bids $1.2905/00, $1.2880, $1.2850, $1.2820/00, $1.2790

GBP/USD

Offers $1.5250, $1.5220/25, $1.5200, $1.5160

Bids $1.5100/80, $1.5060/50, $1.5040, $1.5000

AUD/USD

Offers $0.9800, $0.9780, $0.9750, $0.9735/40, $0.9700/10, $0.9680

Bids $0.9610/00, $0.9550, $0.9500

EUR/JPY

Offers Y132.00, Y131.45/50, Y131.20, Y130.95/00

Bids Y130.45/40, Y130.20, Y130.00, Y129.59

USD/JPY

Offers Y102.40, Y101.95/00, Y101.50, Y101.25/30

Bids Y100.50, Y100.20, Y100.00, Y99.95/90

EUR/GBP

Offers stg0.8620, stg0.8600, stg0.8580, stg0.8551/53

Bids stg0.8510/00, stg0.8445/40, stg0.8430/20, stg0.8400

European stocks rose after falling for the first week in more than a month, as carmakers and technology companies gained. U.S. Index futures and Asian shares declined.

The Stoxx Europe 600 Index climbed 0.2 percent to 303.85 at 11:57 a.m. in Frankfurt. European stocks fell last week as investors debated when the Federal Reserve will scale back monetary stimulus, while a report showed Chinese manufacturing unexpectedly shrank.

The volume of shares changing hands in Stoxx 600 companies was 50 percent lower than the average of the last 30 days

Fiat, Italy's largest carmaker, climbed 3.4 percent to 5.61 euros, its highest price since August 2011. The Italian government will ask Chief Executive officer Sergio Marchionne what it "can do to let the carmaker keep its plants in Italy," Industry Minister Flavio Zanonato said in a television interview with Sky Tg24. "We should find a way to match Fiat's interest with the country's," he said.

Club Mediterranee soared 23 percent to 17.03 euros, its biggest gain on record. The French all-inclusive tour operator said it received a takeover bid from management and its two largest shareholders, Axa Private Equity and Fosun International Ltd. (656), that values the company at 540 million euros ($699 million).

SAP AG (SAP) added 2.3 percent to 60 euros. The world's largest maker of business-management software has ended discussions to acquire Jive Software Inc. (JIVE), which has a market value of more than $1 billion, people familiar with the matter said.

Commerzbank AG advanced 3.3 percent to 7.92 euros. Shares in Germany's second-biggest lender have fallen 26 percent this year. Equinet Bank AG upgraded its rating on the stock to buy from sell.

FTSE 100 6,654.34 -42.45 -0.63%

CAC 40 3,981.84 +25.05 +0.63%

DAX 8,345.84 +40.52 +0.49%

Asian stocks headed for their longest losing streak since November as a stronger yen weakened the profit outlook for Japanese exporters and China signaled it will tolerate slower growth.

Nikkei 225 14,142.65 -469.80 -3.22%

S&P/ASX 200 4,959.9 -23.60 -0.47%

Shanghai Composite 2,292.36 +3.82 +0.17%

Nissan Motor Co., Asia's third-largest carmaker, slid 6.8 percent in Tokyo as the yen gained against the dollar.

David Jones Ltd. lost 0.8 percent as sales at Australia's second-biggest department-store operator missed analyst estimates.

361 Degrees International Ltd. sank 9.1 percent in Hong Kong after the sportswear manufacturer projected a profit drop.

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The yen strengthened against all its major peers amid concern the Bank of Japan is struggling to control the nation's bond yields through monetary stimulus.

BOJ Governor Haruhiko Kuroda said yesterday the nation could cope with rising interest rates, after yields on Japanese government bonds rose for a third week. Bill Gross, who oversees the world's biggest bond fund at Pacific Investment Management Co., said investors should watch Japan's currency and bonds. Yields on Japan's 10-year government bonds were at 0.825 percent today after reaching 1 percent on May 23, the highest since April last year. The rate completed a three-week gain of 28 1/2 basis points on May 24, the most since April 2008.

The Australian and New Zealand dollars fell after China's president signaled a tolerance for slower growth. Chinese President Xi Jinping last week signaled a tolerance for slower expansion to avoid environmental degradation as policy makers outlined plans for the private sector to take a bigger role in boosting growth.

Markets in the U.S. and U.K. and closed for holidays today.

EUR / USD: during the Asian session the pair fell to $ 1.2915

GBP / USD: during the Asian session the pair traded in a range of $ 1.5115-35

USD / JPY: during the Asian session the pair fell to Y100.80