Новини ринків

(raw materials / closing price /% change)

Oil 35.46 -0.67%

Gold 1,217.00 -0.19%

(index / closing price / change items /% change)

Nikkei 225 16,123.27 -40.89 -0.25 %

S&P/ASX 200 4,995.32 -4.07 -0.08 %

Topix 1,302.71 +1.31 +0.10 %

FTSE 100 6,164.72 +18.67 +0.30 %

CAC 40 4,345.22 +22.98 +0.53 %

Xetra DAX 9,822.08 +27.44 +0.28 %

S&P 500 2,066.13 -6.65 -0.32 %

NASDAQ Composite 4,891.8 -22.75 -0.46 %

Dow Jones 17,737 -55.75 -0.31 %

(pare/closed(GMT +3)/change, %)

EUR/USD $1,1390 0,00%

GBP/USD $1,4265 +0,25%

USD/CHF Chf0,9587 +0,11%

USD/JPY Y111,31 -0,39%

EUR/JPY Y126,78 -0,39%

GBP/JPY Y158,78 -0,06%

AUD/USD $0,7603 -0,97%

NZD/USD $0,6828 -1,11%

USD/CAD C$1,3078 +0,50%

(time / country / index / period / previous value / forecast)

01:00 Japan Labor Cash Earnings, YoY February 0.4%

01:30 Australia Trade Balance February -2.94 -2.6

04:30 Australia Announcement of the RBA decision on the discount rate 2% 2%

04:30 Australia RBA Rate Statement

06:00 Germany Factory Orders s.a. (MoM) February -0.1% 0.2%

07:50 France Services PMI (Finally) March 49.2 51.2

07:55 Germany Services PMI (Finally) March 55.3 55.5

08:00 Eurozone Services PMI (Finally) March 53.3 54

08:30 United Kingdom Purchasing Manager Index Services March 52.7 54

09:00 Eurozone Retail Sales (MoM) February 0.4% 0%

09:00 Eurozone Retail Sales (YoY) February 2.0% 1.9%

12:30 Canada Trade balance, billions February -0.66 -1

12:30 U.S. International Trade, bln February -45.68 -46.2

13:45 U.S. Services PMI (Finally) March 49.7 51

14:00 U.S. ISM Non-Manufacturing March 53.4 54

14:00 U.S. JOLTs Job Openings February 5.541

The dollar traded mixed against the euro, but generally remained within a narrow range, due to the lack of significant drivers and expectations of the ECB meeting and the publication of the Fed minutes. Minutes of the ECB is likely to help you understand why the ECB Governing Council chose the stimulus measures and whether he considered there any other options for action. Also, they may contain clues as to the reasons for the revision of economic forecasts. Meanwhile, the minutes of the last FOMC meeting may provide a better idea of ​​when the Fed plans next rate hike. Futures on interest rates Fed indicate only a 5% chance of a rate hike in April and 26% probability in June. However, today the head of the Federal Reserve Bank of Boston Eric Rosengren said that the Fed's rate futures are not significantly reflect the pace of rate hikes in the short term. Rosengren sees fit gradual increase in rates, but, in his opinion, it will not be so gradual, according to market participants.

Little influence is also exerted on the US data. The Commerce Department reported that new orders for manufactured goods in the US fell in February, as business spending on capital goods were significantly weaker than initially anticipated. This recent signs that economic growth remains sluggish in the first quarter. New orders for manufactured goods fell by 1.7 percent, as demand has fallen as a whole, leveling revised down January's growth of 1.2 percent. Orders decreased in 14 of the last 19 months. The February drop in industrial orders was in line with economists' expectations. Earlier it was reported that orders rose by 1.6 percent in January.

The pound rose against the dollar significantly, restoring most of the ground lost on Friday. Analysts say that the pound strengthened, despite the absence of basic catalysts. Probably, investors are buying the currency in anticipation of the publication of important reports.

This week the focus will be the results of a survey of purchasing managers for the UK service sector, as well as data on industrial production and trade balance. The PMI for the services sector must show that the restoration of the country's economy is still dependent on the service sector. At the same time, data on industrial production is likely to point to the difficulty faced by the manufacturing sector.

Meanwhile, market participants are almost ignored the warning agency S & P on the potential loss of Britain's rating in case Brekzita, as well as data on the PMI index in the construction sector. The report from Markit Economics and the Chartered Institute of Purchasing and Supply showed that remained stable in March, contrary to expectations, decrease economists in Britain Activity in the construction sector. UK Purchasing Managers' Index in the construction sector by Markit / CIPS was 54.2 in March, at the same level as the 10-month low in February. Economists expected the index to decline slightly to 54. Any value above 50 indicates expansion in the sector. In addition, recent data indicate the slowest rate of expansion of activity since June of 2013.

The yen strengthened against the dollar, reaching a peak on March 18 due to the adjustment of its expectations of investors about the prospects for the Fed raising interest rates. Many traders use caution due to the contradiction between the strong and the data of the central bank's tendency to mitigate policy. Recall that in the course of the March meeting of the Fed's policy to keep interest rates unchanged, but noted that short-term interest rates will rise by 0.5%, implying two rate hikes to 0.25% by the end of 2016. In December, it predicted four rate hikes. The next meeting will be held April 26-27. Most traders do not expect a rate hike in April, explaining that it is not after the press conference will be held. Currently, futures on interest rates Fed indicate only a 5% chance of a rate hike in April

Stock indices closed higher despite mixed economic data from the Eurozone. Eurostat released its unemployment data for the Eurozone on Monday. Eurozone's unemployment rate declined to 10.3% in February from 10.4% in January, in line with expectations. It was the lowest reading since August 2011. January's figure was revised up from 10.3%. The lowest unemployment rate in the Eurozone in February was recorded in Germany (4.3%) and the highest in Greece (24.0% in December 2015) and Spain (20.4%).

Eurostat's producer price index for the Eurozone declined 0.7% in February, missing expectations for a 0.6% fall, after a 1.1% decrease in January's figure was revised down from a 1.0% drop.

Intermediate goods prices fell 0.4% in February, capital goods prices were flat, non-durable consumer goods prices were down 0.2% and durable consumer goods prices were up 0.1%, while energy prices decreased 2.1%.

On a yearly basis, Eurozone's producer price index dropped 4.2% in February, missing expectations for a 4.0% decline, after a 3.0% fall in January. January's figure was revised down from a 2.9% decrease.

Eurozone's producer prices excluding energy fell 0.8% year-on-year in February. Energy prices dropped at an annual rate of 12.8%.

Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index rose to 5.7 in April from 5.5 in March. A reading above 0.0 indicates optimism, below indicates pessimism.

"The process of economic stabilization of investors expectations has continued at the beginning of April," Sentix said in its statement.

"The Eurozone can benefit neither from a stabilization of the global economy nor from the measures of the ECB," Sentix added.

European Central Bank (ECB) Executive Board member Peter Praet said in a speech on Monday that the central bank would ease its monetary policy further to boost inflation in the Eurozone if needed. He pointed out that central banks should be active to reach price stability.

Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. remained unchanged at 54.2 in March, beating expectations for a decrease to 54.0.

A reading above 50 indicates expansion in the construction sector.

A slowdown in residential work offset rebound in civil engineering and commercial work. New business growth slowed down in March, while job creation weakened.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,164.72 +18.67 +0.30 %

DAX 9,822.08 +27.44 +0.28 %

CAC 40 4,345.22 +22.98 +0.53 %

According to the International Monetary Fund's (IMF) Currency Composition of Official Foreign Exchange Reserves (COFER) data, the U.S. dollar was the most popular reserve currency worldwide in 2015. The euro dropped to the lowest level since 2002.

Shares of the U.S. dollar remained unchanged at 64.06% in fourth quarter of 2015, while shares of the euro declined to 19.91% from 20.21%, the lowest level since 2002.

Shares of the pound rose to 4.88% in the fourth quarter from 4.72% in the third quarter, while shares of the yen increased to 4.08% from 3.80%.

Major U.S. stock-indexes slightly fell on Monday as a fall in oil prices hit materials stocks, offsetting a rise in healthcare shares. Crude prices were slightly lower as hopes that top oil producers would reach an agreement to help tackle a stubborn global glut faded. Investors have also been skittish following U.S. Federal Reserve Chair Janet Yellen's comments last week urging caution on raising rates, which were in contrast with remarks made by some policymakers supporting more aggressive stance on rates.

Most of Dow stocks in negative area (19 of 30). Top looser - NIKE, Inc. (NKE, -2,92%). Top gainer - Pfizer Inc. (PFE, +2,15%).

Most of S&P sectors in negative area. Top looser - Industrial goods (-0,9%). Top gainer - Healthcare (+1,3%).

At the moment:

Dow 17676.00 -30.00 -0.17%

S&P 500 2060.25 -4.75 -0.23%

Nasdaq 100 4506.50 -22.00 -0.49%

Oil 36.55 -0.24 -0.65%

Gold 1220.40 -3.10 -0.25%

U.S. 10yr 1.77 -0.02

Oil futures fell modestly today, approaching to month low, as investors have less faith in the possibility of concluding the coordinated production limitation of oil-producing countries of the agreement.

Second Saudi Crown Prince Mohammed bin Salman said that Saudi Arabia has agreed to freeze the level of oil production only on the condition that Iran and other major manufacturers join the agreement. Such statements cast doubt on the success of the forthcoming meeting of the largest oil producers and caused negative on the market against the backdrop of Iran's refusal to freeze its current level of production.

Although current fundamentals are unlikely to support the price of oil above $ 45 a barrel, analysts assume that prices may fluctuate in the range of $ 30- $ 40 per barrel. Meanwhile, the data of the Commission on Trade in futures trading, showed that for the first time in the last six weeks of hedge funds last week cut their bullish bets on oil. On March 29, speculators trading on the New York Mercantile Exchange, held a short position in the 75,598,000 barrels of crude oil WTI (+11,167 Mill. Barrels for the week). In addition, the rates were closed to the growth of oil prices in the amount of 3647 contracts (thousand barrels each). As a result, the net long position fell to 221,016 contracts.

"There is nothing surprising in a wave of profit-taking and some closing of long positions Some people even say that they could change the position to move to lower prices -. Said the chief energy economist ABN AMRO Hans van Cleef -. It is part of the normal cycle I think that such dynamics may continue this week. We could see $ 36 or $ 37. Prices are falling because of speculation that Saudi Arabia will not join the deal to freeze production. " Some analysts believe that the production record highs near freezing would reduce the surplus, given that demand is expected to continue to grow this year.

A small market was supported by comments of the Acting Minister of Kuwait Oil Anas Al-Saleh. Speaking to reporters, al-Saleh said that he hoped the coordination between OPEC and other oil-producing states, which, in his opinion, will help to stabilize oil prices.

WTI for delivery in May fell to $36.51 a barrel. Brent for May fell to $38.18 a barrel.

Rating agency Standard & Poor's (S&P) said on Monday that Britain could lose its 'AAA' sovereign debt rating if the country exits the European Union (EU).

"Brexit also heightens potential risks to economic growth and the balance of payments, as well as domestic political threats to territorial integrity," S&P's chief sovereign ratings officer Moritz Kraemer wrote on the politico.eu website.

Polish equity surged on Monday. The broad market measure, the WIG Index, added 0.64%. Sector performance within the WIG Index was mixed. Food sector (+2.69%) outperformed, while materials (-2.08%) lagged behind.

The large-cap stocks' benchmark, the WIG30 Index, grew by 0.76%. In the index basket, ALIOR (WSE: ALR) continued its strong run, gaining a further 6.73%, following the news about its takeover of BPH. It was followed by agricultural holding KERNEL (WSE: KER), recovering by 4.51% after four consecutive sessions of declines. Other major advancers were videogame developer CD PROJEKT (WSE: CDR) and bank MBANK (WSE: MBK), adding 3.31% and 2.93% respectively. On the other side of the ledger, copper producer KGHM (WSE: KGH) and media group CYFROWY POLSAT (WSE: CPS) recorded the worst results, declining by 2.33% and 2.31% respectively.

The Conference Board released its Employment Trends Index (ETI) for the U.S on Monday. The index decreased to 127.48 in March from 128.54 in February. February's figure was revised down from 129.10.

Four of the eight components declined.

"The Employment Trends Index has been showing signs of weakening in recent months, suggesting that employment growth is likely to slow through the summer. With GDP barely growing at a two percent rate, it's difficult to see how employment can continue to expand by 200,000 or more jobs per month," , Chief Economist, North America, at The Conference Board, Gad Levanon, said.

Boston Fed President Eric Rosengren said in a speech on Monday that the Fed could hike its interest rate sooner than expected by markets.

"If the incoming data continue to show a moderate recovery - as I expect they will - I believe it will likely be appropriate to resume the path of gradual tightening sooner than is implied by financial-market futures," he said.

Rosengren noted that the U.S. economy could withstand developments abroad, and financial market volatility subsided.

Rosengren is a voting member of the Federal Open Market Committee (FOMC) this year.

Gold is slightly cheaper today, which was due to increased risk appetite after the release of strong US economic data. However, a further decline in prices is still hampered by uncertainty about the Fed raising rates outlook.

In the first quarter the price of gold rose more than 16% compared with the previous quarter, which was the biggest quarterly increase in 30 years.

Recall, on Friday, the Labor Department reported that the US economy continued to add jobs at a solid pace, which is a sign of the stability of the domestic labor market. The seasonally adjusted number of people employed in non-agricultural sector increased in March by 215 thousand., After rising by 245 thousand. In February (revised from 242 thousand.) In the meantime, the unemployment rate rose to 5.0% from 4.9%. Economists had expected employment to increase by 205 thousand., While the unemployment rate will remain at around 4.9%. On average for the last three months the number of jobs increases by 209 thousand. Per month.

"The Fed is still concerned about the global economic growth in view of this, the rate of increase will be gradual, interest rates -. Said experts ETF Securities -. The last meeting of the FOMC Minutes, which will be released on Wednesday, may provide a more complete picture of how the Fed plans to include rate hike. " Recall, higher interest rates have a downward pressure on the price of gold, which brings its holders to interest income and that is difficult to compete with the assets, bringing that income against the background of increasing interest rates. Futures on interest rates Fed point to a 5% probability of a rate hike in April and 26% probability in June.

The data of the Commission on Trade in futures trading showed that the positioning of investors in gold is largely bullish. For the week to March 29, hedge funds and money managers increased their bullish rate to its highest level since the end of 2012. In addition, it was reported that on Friday the gold reserves in the largest gold ETF-SPDR Gold Trust fund fell 0.15 percent, to 818.09 tonnes but remained near 2-year high.

As regards the technical prospects for gold, MKS Group analysts point out that in the short term support will be the range of $ 1215- $ 1210.

April futures price of gold on COMEX fell today to $ 1218.7 an ounce.

The Bank of Japan (BoJ) released its Inflation Outlook of Enterprises on Monday. 3-year inflation expectations fell to 1.1% in the first quarter from 1.3% in the fourth quarter.

5-year inflation expectations declined to 1.2% in the first quarter from 1.4% in the fourth quarter.

One-year inflation expectations decreased to 0.8% in the first quarter from 1.0% in the fourth quarter.

The European Central Bank (ECB) purchased €8.76 billion of government and agency bonds under its quantitative-easing program last week.

The ECB bought €102 million of covered bonds, and the value of asset-backed securities fell by €239 million.

The ECB cut its interest rate to 0.00% from 0.05% and deposit rate to -0.4% from -0.3% at its March monetary policy meeting. The ECB also expanded its monthly purchases to €80 billion from €60 billion, to take effect in April. Purchases will include non-bank corporate debt.

The central bank will launch further four targeted longer-term refinancing operations (LTRO).

The U.S. Commerce Department released factory orders data on Monday. Factory orders in the U.S. declined 1.7% in February, in line with expectations, after a 1.2% rise in January. January's figure was revised down from a 1.6% increase.

The drop was mainly driven by a decline in orders for transportation equipment. Orders for transportation equipment plunged 6.2% in February, while orders for machinery slid 3.4%.

Durable goods orders were down 3.0% in February.

Factory orders excluding transportation declined 0.8% in February, after a 0.6% drop in January. January's figure was revised down from a 0.2% fall.

The Melbourne Institute (MI) released its monthly inflation data for Australia on Monday. MI Inflation gauge for Australia was flat in March, after a 0.2% decline in February.

On a yearly basis, inflation gauge climbed 1.7% in March, after a 2.1% increase in February.

Prices for fruit and vegetables dropped 3.4% in March, audio, visual and computing equipment prices declined 2.2%, while prices for tobacco climbed 4.7% and holiday travel and accommodation prices were up 1.5%.

USD/JPY 110.00 (USD 1.94bln) 112.00 (1.07bln) 112.50 (660m) 113.00 (758m) 113.00 (557m) 113.40 (460m) 113.50 (612m) 113.80-85 (830m) 114.00 (1.05bln) 114.25 (730m)

EUR/USD 1.1050 (EUR 1.13bln) 1.1064 (397m) 1.1075 (524m) 1.1100 (438m), 1.1175 (732m) 1.1200 (471m) 1.1268 (388m) 1.1295-1.1300 (884m), 1.1320 (230m) 1.1365 (426m), 1.1382 (256m) 1.1500 (344m)

GBP/USD 1.4050 (GBP 284m) 1.4250 (198m) 1.4397 (194m)

EUR/GBP 0.7610 (EUR 300m) 0.7860 (229m)

AUD/USD 0.7590 (AUD 300m)

USD/CAD 1.3200 (USD 1.45bln) 1.3245-50 (841m) 1.3350 (653m) 1.3420 (248m)

NZD/USD 0.6750 (NZD 444m) 0.6805 (202m)

AUD/JPY 84.00 (AUD 452m) 84.35 (1.07bln) 86.00 (407m)

AUD/NZD 1.0852 (AUD 774m) 1.1050 (202m) 1.1100 (209m) 1.1200 (229m)

USD/CNY 6.5000 (USD 2bln)

Today's turnover on the Warsaw Stock Exchange is very modest and in conjunction with minor changes shows a picture of the consolidation and peaceful trade. Increases in Euroland also slowed down. Contracts in the US gained a modest 0.1%, and also did not indicate dynamic changes. Nevertheless the WSE is now calmer compare to environment and preserves its independence.

U.S. Stocks open: Dow -0.04%, Nasdaq -0.07%, S&P -0.07%

Market opening on Wall Street was neutral and the market does not go over Friday's closing, which coincided with the area of resistance. The first bars after opening were slightly downward and consistent with the behavior of the futures market.

The Australia and New Zealand Banking Group Limited (ANZ) released its job advertisements figures on Monday. Job advertisements rose 0.2% in March, after a 1.2% fall in February.

The increase was mainly driven by a rise in internet job advertisements, which climbed by 0.4% in March.

"The number of job ads has been broadly unchanged for four months now, signalling an easing in hiring intentions. To some extent this is unsurprising given the strong pace of jobs growth over much of 2015 and modest improvement in the unemployment rate," the ANZ Senior Economist Justin Fabo noted.

U.S. stock-index fluctuated.

Global Stocks:

Nikkei 16,123.27 -40.89 -0.25%

Hang Seng Closed

Shanghai Composite Closed

FTSE 6,169.83 +23.78 +0.39%

CAC 4,343.07 +20.83 +0.48%

DAX 9,851.12 +56.48 +0.58%

Crude oil $36.66 (-0.35%)

Gold $1222.20 (-0.11%)

The Australian Bureau of Statistics released its building permits data on Monday. Building permits in Australia climbed 3.1% in February, exceeding expectations for a 2.0% gain, after a 6.6% drop in January. January's figure was revised up from a 7.5% decrease.

Building permits for private sector houses declined 0.9% in February, while building permits for private sector dwellings excluding houses decreased 0.4%.

The seasonally adjusted estimate of the value of total building approved was down 0.8% in February.

On a yearly basis, building permits fell 9.0% in February, after a 14.5% decrease in January. January's figure was revised up from a 15.5% drop.

(company / ticker / price / change ($/%) / volume)

The Australian Bureau of Statistics released its retail sales data on Monday. Retail sales in Australia were flat in February, missing expectations for a 0.4% rise, after a 0.3% increase in January.

Household goods sales were up 0.4% in February, department stores sales increased 0.4%, and food sales were flat, while clothing, footwear and personal accessory sales climbed 0.1%.

On a yearly basis, retail sales climbed 3.7% in February, after a 4.0% rise in January.

Upgrades:

Downgrades:

Intel (INTC) downgraded to Neutral from Outperform at Exane BNP Paribas

General Electric (GE) downgraded to Hold from Buy at Berenberg

Other:

Yahoo! (YHOO) target raised to $37 from $32 at Mizuho

Facebook (FB) target raised to $150 from $145 at Axiom Capital; maintain Buy

Coca-Cola (KO) target raised to $52 from $49 at UBS; maintain Buy

Apple (AAPL) target raised to $150 from $140 at Credit Suisse; added to US Focus List

European Central Bank (ECB) Executive Board member Peter Praet said in a speech on Monday that the central bank would ease its monetary policy further to boost inflation in the Eurozone if needed.

"The prolonged period of low inflation we are in today has increased the risks that inflation misses might become persistent, which would be deeply damaging for the economy. This is why we have reacted so forcefully to secure our objective - and will continue to do so in the future if necessary," he said.

Praet pointed out that central banks should be active to reach price stability.

"The ECB has demonstrated through its actions that it does not wait for others to move first," he noted.

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

01:00 Australia MI Inflation Gauge, m/m March -0.2% 0.0%

01:30 Australia ANZ Job Advertisements (MoM) March -1.2% 0.2%

01:30 Australia Building Permits, m/m February -6.6% Revised From -7.5% 2% 3.1%

01:30 Australia Retail Sales, M/M February 0.3% 0.4% 0.0%

08:30 Eurozone Sentix Investor Confidence April 5.5 5.7

08:30 United Kingdom PMI Construction March 54.2 54 54.2

09:00 Eurozone Producer Price Index, MoM February -1.1% Revised From -1% -0.6% -0.7%

09:00 Eurozone Producer Price Index (YoY) February -3.0% Revised From -2.9% -4% -4.2%

09:00 Eurozone Unemployment Rate February 10.4% Revised From 10.3% 10.3% 10.3%

The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. factory orders data. The U.S. factory orders are expected to drop 1.7% in February, after a 1.6% rise in January.

The greenback remained supported by Friday's labour market data from the U.S. According to the U.S. Labor Department on Friday, the U.S. economy added 215,000 jobs in March, exceeding expectations for a rise of 205,000 jobs, after a gain of 245,000 jobs in February. February's figure was revised up from a rise of 242,000 jobs. The U.S. unemployment rate rose to 5.0% in March from 4.9% in February. Analysts had expected the unemployment rate to remain unchanged at 4.9%. Average hourly earnings increased 0.3% in March, beating forecasts of a 0.2% gain, after a 0.1% decline in February.

The euro traded mixed against the U.S. dollar after the mixed economic data from the Eurozone. Eurostat released its unemployment data for the Eurozone on Monday. Eurozone's unemployment rate declined to 10.3% in February from 10.4% in January, in line with expectations. It was the lowest reading since August 2011. January's figure was revised up from 10.3%. The lowest unemployment rate in the Eurozone in February was recorded in Germany (4.3%) and the highest in Greece (24.0% in December 2015) and Spain (20.4%).

Eurostat's producer price index for the Eurozone declined 0.7% in February, missing expectations for a 0.6% fall, after a 1.1% decrease in January's figure was revised down from a 1.0% drop.

Intermediate goods prices fell 0.4% in February, capital goods prices were flat, non-durable consumer goods prices were down 0.2% and durable consumer goods prices were up 0.1%, while energy prices decreased 2.1%.

On a yearly basis, Eurozone's producer price index dropped 4.2% in February, missing expectations for a 4.0% decline, after a 3.0% fall in January. January's figure was revised down from a 2.9% decrease.

Eurozone's producer prices excluding energy fell 0.8% year-on-year in February. Energy prices dropped at an annual rate of 12.8%.

Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index rose to 5.7 in April from 5.5 in March. A reading above 0.0 indicates optimism, below indicates pessimism.

"The process of economic stabilization of investors expectations has continued at the beginning of April," Sentix said in its statement.

"The Eurozone can benefit neither from a stabilization of the global economy nor from the measures of the ECB," Sentix added.

The British pound traded higher against the U.S. dollar after the release of the better-than-expected construction PMI data from the U.K. Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. remained unchanged at 54.2 in March, beating expectations for a decrease to 54.0.

A reading above 50 indicates expansion in the construction sector.

A slowdown in residential work offset rebound in civil engineering and commercial work. New business growth slowed down in March, while job creation weakened.

The Canadian dollar traded higher against the U.S. dollar ahead of a speech by the Bank of Canada Governor Stephen Poloz at 14:00 GMT.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair increased to $1.4272

USD/JPY: the currency pair rose to Y111.74

The most important news that are expected (GMT0):

14:00 Canada BOC Gov Stephen Poloz Speaks

14:00 U.S. Factory Orders February 1.6% -1.7%

14:00 U.S. Labor Market Conditions Index March -2.4

23:30 Australia AIG Services Index March 51.8

EUR/USD

Offers: 1.1400 1.1420 1.1435 1.1450 1.1480 1.1500 1.1530 1.1550

Bids: 1.1370 1.1350 1.1330-35 1.1310 1.1300 1.1275-80 1.1250

GBP/USD

Offers: 1.4235 1.4250 1.4275-80 1.4300 1.4325-30 1.4350 1.4380 1.4400

Bids: 1.4200 1.4175-80 1.4150 1.4130 1.4100 1.4085 1.4065 1.4050

EUR/JPY

Offers: 127.20 127.50 127.80 128.00 128.30 128.50

Bids: 126.70-75 126.50 126.30 126.00 125.80 125.50

EUR/GBP

Offers: 0.8020 0.8030 0.8060-65 0.8085 0.8100

Bids: 0.8000 0.7985 0.7970 0.7950 0.7930 0.7900 0.7880-85 0.7865 0.7850

USD/JPY

Offers: 111.60 111.80 112.00 112.20 112.50 112.65 112.80 113.00 113.40 113.80-85 114.00

Bids: 111.30 111.00 110.80 110.50 110.30 110.00

AUD/USD

Offers: 0.7700 0.7720 0.7735-40 0.7750 0.7765 0.7780 0.7800

Bids: 0.7600 0.7575-80 0.7550 0.7520 0.7500 0.7485 0.7465 0.7450

After a difficult start of the session, the markets of Western Europe came to a straight line and indexes record growth of about 1.0%. Thus we can speak of a successful defense of the support levels.

The WSE presents interesting behavior on the wide market, where demand selectively looking for the next topics to play or fights for the continuation of the current trend. Such activity of the broad market shows that small players are active all the time, and this is a big change compare to the second half of the last year.

Stock indices traded higher despite mixed economic data from the Eurozone. Eurostat released its unemployment data for the Eurozone on Monday. Eurozone's unemployment rate declined to 10.3% in February from 10.4% in January, in line with expectations. It was the lowest reading since August 2011. January's figure was revised up from 10.3%. The lowest unemployment rate in the Eurozone in February was recorded in Germany (4.3%) and the highest in Greece (24.0% in December 2015) and Spain (20.4%).

Eurostat's producer price index for the Eurozone declined 0.7% in February, missing expectations for a 0.6% fall, after a 1.1% decrease in January's figure was revised down from a 1.0% drop.

Intermediate goods prices fell 0.4% in February, capital goods prices were flat, non-durable consumer goods prices were down 0.2% and durable consumer goods prices were up 0.1%, while energy prices decreased 2.1%.

On a yearly basis, Eurozone's producer price index dropped 4.2% in February, missing expectations for a 4.0% decline, after a 3.0% fall in January. January's figure was revised down from a 2.9% decrease.

Eurozone's producer prices excluding energy fell 0.8% year-on-year in February. Energy prices dropped at an annual rate of 12.8%.

Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index rose to 5.7 in April from 5.5 in March. A reading above 0.0 indicates optimism, below indicates pessimism.

"The process of economic stabilization of investors expectations has continued at the beginning of April," Sentix said in its statement.

"The Eurozone can benefit neither from a stabilization of the global economy nor from the measures of the ECB," Sentix added.

Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. remained unchanged at 54.2 in March, beating expectations for a decrease to 54.0.

A reading above 50 indicates expansion in the construction sector.

A slowdown in residential work offset rebound in civil engineering and commercial work. New business growth slowed down in March, while job creation weakened.

Current figures:

Name Price Change Change %

FTSE 100 6,181.5 +35.45 +0.58 %

DAX 9,883.4 +88.76 +0.91 %

CAC 40 4,367.52 +45.28 +1.05 %

Spain's labour ministry release its labour market figures on Monday. The number of registered unemployed people decreased by 58,216 in March, after a 2,231 rise in February.

The decline was driven by a rise in employment in the services sector during Easter holidays.

The number of registered youth unemployed people fell by 43,416 in March from the last year.

The total number of jobless in Spain was 4,094,770.

Eurostat released its producer price index for the Eurozone on Monday. Eurozone's producer price index declined 0.7% in February, missing expectations for a 0.6% fall, after a 1.1% decrease in January's figure was revised down from a 1.0% drop.

Intermediate goods prices fell 0.4% in February, capital goods prices were flat, non-durable consumer goods prices were down 0.2% and durable consumer goods prices were up 0.1%, while energy prices decreased 2.1%.

On a yearly basis, Eurozone's producer price index dropped 4.2% in February, missing expectations for a 4.0% decline, after a 3.0% fall in January. January's figure was revised down from a 2.9% decrease.

Eurozone's producer prices excluding energy fell 0.8% year-on-year in February. Energy prices dropped at an annual rate of 12.8%.

Eurostat released its unemployment data for the Eurozone on Monday. Eurozone's unemployment rate declined to 10.3% in February from 10.4% in January, in line with expectations. It was the lowest reading since August 2011.

January's figure was revised up from 10.3%.

There were 16.634 million unemployed in the Eurozone in February, down by 39.000 from January.

The lowest unemployment rate in the Eurozone in February was recorded in Germany (4.3%) and the highest in Greece (24.0% in December 2015) and Spain (20.4%).

The youth unemployment rate was 21.6% in the Eurozone in February, compared to 22.7% in February a year ago.

Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index rose to 5.7 in April from 5.5 in March.

A reading above 0.0 indicates optimism, below indicates pessimism.

"The process of economic stabilization of investors expectations has continued at the beginning of April," Sentix said in its statement.

"The Eurozone can benefit neither from a stabilization of the global economy nor from the measures of the ECB," Sentix added.

The current conditions index fell to 6.0 in April from 8.3 in March.

The expectations index climbed to 5.5 in April from 2.8 in March.

German investor confidence index rose to 17.6 in April from 16.9 in March.

Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. remained unchanged at 54.2 in March, beating expectations for a decrease to 54.0.

A reading above 50 indicates expansion in the construction sector.

A slowdown in residential work offset rebound in civil engineering and commercial work. New business growth slowed down in March, while job creation weakened.

"March's survey confirms that the UK construction sector is experiencing its weakest growth phase since the summer of 2013. Residential building has seen the greatest loss of momentum through the first quarter of 2016, which is a surprising reversal of fortunes given strong market fundamentals and its clear outperformance over the past three years," Senior Economist at Markit, Tim Moore, said.

Rating agency Fitch Ratings on Friday affirmed Germany's sovereign debt rating at 'AAA'. The outlook is 'stable'.

"The 'AAA' ratings primarily reflect Germany's strong institutions and diversified, high value-added economy. A large structural current account surplus supports the country's net external creditor position," the agency said.

Fitch added that Germany was able to manage the migrant crisis without any downgrades in rating.

The agency expects the German economy to expand 1.7% in 2016 and 1.8% in 2017, driven by domestic demand.

The Bank of Canada (BoC) released its Spring Business Outlook Survey on Friday. The BoC's survey showed that business sentiment in Canada improved but remained subdued overall. The improvement of the sentiment was driven by foreign demand, according to the survey.

Expectations for future sales growth remained positive, supported by U.S. demand, the BoC said.

Investment and hiring intentions rose but remained modest, so BoC Business Outlook Survey.

The oil driller Baker Hughes reported on Friday that the number of active U.S. oil rigs fell by 10 rigs to 362 last week. It was the lowest level since November 2009.

The number of gas rigs slid by 4 to 88.

Combined oil and gas rigs decreased by 14 to 450.

Futures market began the week with an increase of 0.15% to 1,972 points (WSE: FW20M16 - futures contracts on the WIG20). At the same time futures on the DAX went down about 0.6%. It means that Europe remains relatively weak and would not help today for the Warsaw market.

WIG20 index opened at 1970.39 points (-0.14%)*

WIG 48535.72 0.06%

WIG30 2191.99 0.01

mWIG40 3585.51 0.19

*/ - change to previous close

Together with crude also copper is cheaper today, which is reflected in the behavior of KGHM (WSE: KGH), which at the beginning of the session recorded the largest decrease, as well as the highest turnover among the components of the WIG20 index.

The beginning of the session runs calm and so far there is no desire for significant deviations from Friday's closing.

USD/JPY 110.00 (USD 1.94bln) 112.00 (1.07bln) 112.50 (660m) 113.00 (758m) 113.00 (557m) 113.40 (460m) 113.50 (612m) 113.80-85 (830m) 114.00 (1.05bln) 114.25 (730m)

EUR/USD 1.1050 (EUR 1.13bln) 1.1064 (397m) 1.1075 (524m) 1.1100 (438m), 1.1175 (732m) 1.1200 (471m) 1.1268 (388m) 1.1295-1.1300 (884m), 1.1320 (230m) 1.1365 (426m), 1.1382 (256m) 1.1500 (344m)

GBP/USD 1.4050 (GBP 284m) 1.4250 (198m) 1.4397 (194m)

EUR/GBP 0.7610 (EUR 300m) 0.7860 (229m)

AUD/USD 0.7590 (AUD 300m)

USD/CAD 1.3200 (USD 1.45bln) 1.3245-50 (841m) 1.3350 (653m) 1.3420 (248m)

NZD/USD 0.6750 (NZD 444m) 0.6805 (202m)

AUD/JPY 84.00 (AUD 452m) 84.35 (1.07bln) 86.00 (407m)

AUD/NZD 1.0852 (AUD 774m) 1.1050 (202m) 1.1100 (209m) 1.1200 (229m)

USD/CNY 6.5000 (USD 2bln)

In the second week of the month we have relatively empty macroeconomic calendar. Investors will have to wait for the next Monday, when the Alcoa company reports will start the next season of companies earnings in the USA. Today's session promises to be relatively calm. Friday's data from the US labor market has been positively welcomed on the Wall Street and the dollar after closing of the Warsaw Stock Exchange began to weaken. This morning we see light falls of the Nikkei index in Japan, in China, due to holidays, quotations are missing. Raw material prices are still under a slight pressure, and the price of oil on Friday fell significantly, but still relatively weak dollar makes capital does not turn away from the emerging markets.

However we have to remember, that the market in the US and on the Warsaw Stock Exchange is close to the major resistance, which may encourage correction. On the Warsaw market we do not expect the dynamic changes today, and do not expect a breakthrough, or even an attack on the level of 2,000 points on the WIG20 index.

The dollar was on the defensive on Monday, after Friday's firm U.S. jobs report failed to shift the broadly held view that the Federal Reserve will remain cautious on interest rate hikes this year.

"I don't see any reason that many people would want to buy the yen against the dollar," he said, in light of the mostly positive U.S. employment report as well as the likelihood of more monetary stimulus from Japan.

According to Friday's data, U.S. non-farm payrolls rose by 215,000 last month, slightly above expectations, and average hourly earnings rose after slipping in February. But the unemployment rate edged up to 5.0 percent from an eight-year low of 4.9 percent.

Japanese companies' long-term inflation expectations weakened in March from three months ago, a Bank of Japan survey showed on Monday, a sign that the central bank's January decision to adopt negative interest rates has so far failed to convince firms price rises will accelerate over time.

Sterling failed to capitalise on the dollar's broad weakness, weighed down by a weak UK manufacturing survey. Muted retail sales, subdued inflation and a survey suggesting that labour demand may have peaked all pressured the Aussie.

EUR/USD: during the Asian session the pair traded in the range of $1.1380-15

GBP/USD: during the Asian session the pair traded in the range of $1.4215-40

USD/JPY: during the Asian session the pair dropped to Y111.30

Based on Reuters materials

EUR / USD

Resistance levels (open interest**, contracts)

$1.1521 (4286)

$1.1486 (2616)

$1.1459 (3650)

Price at time of writing this review: $1.1385

Support levels (open interest**, contracts):

$1.1327 (1403)

$1.1289 (3478)

$1.1245 (1012)

Comments:

- Overall open interest on the CALL options with the expiration date April, 8 is 49024 contracts, with the maximum number of contracts with strike price $1,1500 (4286);

- Overall open interest on the PUT options with the expiration date April, 8 is 74949 contracts, with the maximum number of contracts with strike price $1,0900 (6429);

- The ratio of PUT/CALL was 1.53 versus 1.52 from the previous trading day according to data from April, 1

GBP/USD

Resistance levels (open interest**, contracts)

$1.4501 (1955)

$1.4402 (2009)

$1.4304 (1000)

Price at time of writing this review: $1.4221

Support levels (open interest**, contracts):

$1.4097 (911)

$1.3998 (2998)

$1.3899 (1091)

Comments:

- Overall open interest on the CALL options with the expiration date April, 8 is 22373 contracts, with the maximum number of contracts with strike price $1,4400 (2009);

- Overall open interest on the PUT options with the expiration date April, 8 is 23518 contracts, with the maximum number of contracts with strike price $1,4000 (2998);

- The ratio of PUT/CALL was 1.05 versus 1.09 from the previous trading day according to data from April, 1

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.