EUR/USD $1.3000, $1.3060, $1.3100, $1.3110, $1.3200

AUD/USD $1.0700, $1.0725 

USD/JPY Y78.00, Y78.50, Y79.00

EUR/CHF Chf1.2085

GBP/USD $1.5700

Yesterday the euro rose after German newspaper Die Welt reported that the European Central Bank is exchanging Greek bonds for new securities, bolstering speculation Greece will get its second bailout. The ECB is swapping its 50 billion-euro ($66 billion) Greek government bond holdings for new Greek bonds, Die Welt reported, citing unidentified central bank officials. The swap will be completed by Feb. 20, it said. An ECB spokesman declined to comment on the report.

The dollar erased gains against a majority of its most- traded counterparts after a report showed manufacturing in the Philadelphia area expanded by the fastest in four months and initial jobless claims fell to the lowest in four years.

The pound was the best performer against the dollar as consumer confidence improved in January. Nationwide Building Society said its U.K. sentiment index climbed to 47 in January from 38 the previous month. A gauge of consumers’ outlook for the economy jumped by 14 points, the Swindon, England-based customer-owned lender said.

EUR/USD: yesterday the pair fell, but second half of day was restored and closed day above $1.3100.

GBP/USD: yesterday the pair has grown on a figure.

USD/JPY: yesterday the pair rose, updated new week’s high.

On Friday data starts at 0700GMT, with the release of German January PPI data. At 0900GMT, ECB December current account data was released. At 1000GMT, EMU Dec construction output data hits the screens. UK data is due at 0930GMT, with the release of the January Retail Sales data. The US calendar gets under way at 1330GMT, with the release of the latest consumer price data. The core CPI is expected to rise 0.2% after the 0.1% rise in December. Also at 1330GMT, Canadian Leading Indicators are released. U.S. January Leading Indicators are released at 1500GMT. Lastly, at 2115GMT, U.S. C&I loans data is released.

Asian stocks fell, with the region’s benchmark index retreating from a six-month high, after a second bailout for Greece was postponed and Westpac Banking Corp. reported lower earnings.

Nikkei 225 9,238.1 -22.24 -0.24%

Hang Seng 21,277.28 -87.95 -0.41%

S&P/ASX 200 4,181.86 -71.54 -1.68%

Shanghai Composite 2,356.86 -9.84 -0.42%

Westpac, Australia’s second-largest lender, fell 3.5 percent as higher funding costs stemming from Europe’s crisis ate into profit.

BHP Billiton Ltd., the world’s No. 1 mining company, lost 2.2 percent in Sydney after metal prices dropped and rival Vale SA said earnings fell as customers pressed for discounts.

Phison Electronics Corp., a maker of controllers for flash memory, slid 6.9 percent in Taiwan on lower chip prices.

European stocks were little changed, paring earlier losses, as better-than-estimated U.S. economic data outweighed a delay in the bailout of Greece.

Europe’s creditor countries struggled to reach an agreement over a rescue of Greece, seeking more control over how future aid is spent as the country faces the threat of default over a bond payment due on March 20. Policy makers will discuss a second bailout on Feb. 20.

Moody’s said it is reviewing the credit ratings of 17 banks and securities firms with capital-markets operations, which may result in downgrades. The announcement comes days after the company cut the ratings of six European nations including Spain and lowered its outlook on France.

Spain and France today sold 14.2 billion euros ($18.5 billion) in their first auctions since the euro-area downgrades by Moody’s, getting more demand than the amount they offered. The yield on France’s benchmark two-year notes fell, while Spanish borrowing costs rose.

National benchmark indexes declined in 9 of the 18 western European markets today. France’s CAC 40 gained 0.1 percent, while Germany’s DAX lost 0.1 percent each. The U.K.’s FTSE 100 slipped 0.1 percent. Spain’s IBEX 35 Index fell 2.1 percent.

Spain’s stock-market regulator lifted a six-month ban on short-selling of financial stocks. Banco Santander SA lost 2.6 percent to 6.29 euros, while Banco Bilbao Vizcaya Argentaria SA slid 4.1 percent to 6.80 euros. Bankia SA tumbled 7.3 percent to 3.09 euros.

ABB fell 3.6 percent to 19.20 Swiss francs. The world’s largest maker of power-distribution equipment reported less- than-expected profit in the fourth quarter and said price pressure may weigh in on profitability in the first quarter.

Nestle, the world’s biggest food company, climbed 2.1 percent to 55.60 francs after posting 2011 sales growth that beat analyst estimates and forecast higher 2012 earnings as it introduces new products.

U.S. stocks advanced, sending the Standard & Poor’s 500 Index near the highest level in about three years, amid better-than-estimated economic reports and optimism that Greece will receive a second bailout.

Stocks rose as Americans filed the fewest claims for jobless benefits since 2008 and builders broke ground on more homes than forecast. Manufacturing in the Philadelphia region expanded in February at the fastest pace in four months as orders and sales picked up.

Benchmark gauges extended gains and banks rallied as three euro-area officials said the European Central Bank is swapping its Greek bonds for new ones to ensure it isn’t forced to take losses in a debt restructuring. European governments are considering cutting interest rates on emergency loans to Greece and using contributions from the ECB to plug a new financing gap in the second bailout program for Athens, two people familiar with the discussions said.

Dow 12,904.01 +123.06 +0.96%, Nasdaq 2,959.85 +44.02 +1.51%, S&P 500 1,358.04 +14.81 +1.10%

Bank of America (ВАС) added 4 percent to $8.09. Microsoft (MSFT) jumped 4.1 percent, the most in the Dow, to $31.29. The shares rose to the highest price since April 2010.

GM surged 9 percent to $27.17. North America earnings before interest and taxes more than tripled for the year to $7.19 billion. The automaker’s Europe business, including the Opel brand, lost $747 million for the year.

NetApp rallied 7.2 percent, the most in the S&P 500, to $42.74. The maker of data-storage products said revenue in the third quarter was $1.57 billion, above the average analyst estimate of $1.56 billion. The company said it won a record number of new customers and significantly increased the amount of units shipped.

Amazon.com Inc. sank 2.5 percent to $179.93. The world’s largest Web retailer fell after Morgan Stanley downgraded the stock, citing competition from Apple Inc. and the decline of traditional media such as CDs and video games.

00:01 United Kingdom Nationwide Consumer Confidence January 38

07:00 Germany Producer Price Index (MoM) January -0.4% +0.4%

07:00 Germany Producer Price Index (YoY) January +4.0% +3.1%

09:00 Eurozone Current account, adjusted, bln December -1.8 2.3

09:30 United Kingdom Retail Sales (MoM) January +0.6% -0.3%

09:30 United Kingdom Retail Sales (YoY) January +2.6% +0.6%

12:00 Canada Consumer Price Index m / m January -0.6% +0.3%

12:00 Canada Consumer price index, y/y January +2.3% +2.3%

12:00 Canada Bank of Canada Consumer Price Index Core, m/m January -0.5% +0.1%

12:00 Canada Bank of Canada Consumer Price Index Core, y/y January +1.9% +1.9%

13:00 G20 G20 Meetings 0

13:30 Canada Leading Indicators, m/m January +0.8% +0.6%

13:30 U.S. CPI, m/m January 0.0% +0.3%

13:30 U.S. CPI, Y/Y January +3.0% +2.8%

13:30 U.S. CPI excluding food and energy, m/m January +0.1% +0.3%

13:30 U.S. CPI excluding food and energy, Y/Y January +2.2% +2.2%

15:00 U.S. API Monthly Report January

15:00 U.S. Leading Indicators January +0.4% +0.6%

EUR/USD $1.3100, $1.3150

AUD/USD $1.0720, $1.0805 

USD/JPY Y77.00, Y77.30, Y78.00, Y78.60

EUR/CHF Chf1.2100

USD/CHF Chf0.9250

GBP/USD

$1.5825/30, $1.5770, $1.5740/50, $1.5735/40, $1.5700

$1.5650/40, $1.5555/50

EUR/USD

$1.3160/65, $1.3135/40, $1.3095/00, $1.3060/70

$1.2955/50

EUR/USD $1.3100, $1.3150

AUD/USD $1.0720, $1.0805 

USD/JPY Y77.00, Y77.30, Y78.00, Y78.60

EUR/CHF Chf1.2100

USD/CHF Chf0.9250

Asian stocks rose, with the region’s benchmark index headed for a six-month high, after China pledged to help resolve Europe’s debt crisis. Chipmakers outside Japan rallied after debt-laden rival Elpida Memory Inc. said it may not survive.

Nikkei 225 9,260.34 +208.27 +2.30%

Hang Seng 21,365.23 +447.40 +2.14%

S&P/ASX 200 4,253.4 +10.57 +0.25%

Shanghai Composite 2,366.7 +21.93 +0.94%

Cosco Pacific Ltd., which operates container facilities at Greece’s Piraeus port, added 4.5 percent in Hong Kong.

Samsung Electronics Co. and Hynix Semiconductor Inc. advanced as Elpida touched its lowest price in at least eight years.

Mitsubishi UFJ Financial Group Inc. advanced for a second day after the Bank of Japan expanded its bond purchases.

Westfield Group (WDC) climbed 5.3 percent in Sydney after the shopping mall operator reported a five-fold jump in profit.

European stocks rose as China said it will help resolve the region’s debt crisis and companies from BNP Paribas SA to Heineken NV reported earnings that beat analysts’ estimates.

China offered to invest in Europe’s bailout funds and sustain its holdings of euro assets. The commitment offers an incentive to European finance ministers, who are increasing pressure on Greece to deliver budget cuts in exchange for a second bailout.

Euro-area finance ministers postponed a decision slated for tonight on Greek aid totaling 130 billion euros ($171 billion) until at least Feb. 20 and possibly until after a full-time government emerges from the nation’s elections later this year. Greek Finance Minister Evangelos Venizelos said that Europe’s wealthier countries are “playing with fire” by toying with the idea of expelling it from the euro area.

Europe’s economy shrank less than economists forecast in the fourth quarter after better-than-predicted performance in Germany and France. Gross domestic product in the 17-nation euro area fell 0.3 percent from the prior three months, the first drop since the second quarter of 2009, the European Union’s statistics office said today.

National benchmark indexes gained in 12 of the 18 western European markets today. France’s CAC 40 and Germany’s DAX rose 0.4 percent each, while the U.K.’s FTSE 100 slipped 0.1 percent.

BNP Paribas rallied 4.1 percent to 34.89 euros as fourth- quarter net income declined to 765 million euros from 1.55 billion euros a year earlier. Societe Generale SA rose 2.2 percent to 22.38 euros after three days of losses. Banca Monte dei Paschi di Siena SpA rallied 11 percent to 33.64 euro cents and UniCredit SpA climbed 2.2 percent to 4.16 euros.

Heineken advanced 3.7 percent to 37.90 euros after the brewer reported increased annual profit and unveiled new cost- saving targets. Earnings before interest and taxes in 2011 rose 2.8 percent to 2.7 billion euros, excluding some one-time items, the Amsterdam-based maker of Amstel said.

TUI AG, the owner of Europe’s largest travel company, rose 3.5 percent to 6.43 euros after saying it will sell a stake in Hapag-Lloyd and may dispose of its remaining holding in the shipper in an initial public offering.

Puma SE rose 3.1 percent to 247.25 euros after Europe’s second-largest sporting goods maker reported profit that beat analysts’ estimates and its own projection and forecast growth in sales and earnings in each of the next two years.

U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for a second day, as concern grew that Greece was moving closer to default and the Federal Reserve said policy makers were divided on buying more assets.

Stocks fell today as concern that Greece will miss a debt payment next month grew as a decision slated for tonight on 130 billion euros ($171 billion) of aid was postponed until at least Feb. 20 and possibly until after a full-time Greek government emerges from elections later in the year. Minutes of the Fed’s last meeting showed a few policy makers said the central bank may have to consider purchasing more securities soon, while others said the economic outlook would have to worsen.

Equities gained earlier today as China said it will “get more involved” in supporting Europe and sustain its holdings of euro assets, spurring optimism the debt crisis will be overcome.

Dow 12,780.95 -97.33 -0.76%, Nasdaq 2,915.83 -16.00 -0.55%, S&P 500 1,343.23 -7.27 -0.54%\

Zynga Inc. retreated 18 percent to $11.80. The biggest developer of games for Facebook Inc.’s site fell the most since it first started trading after product-development costs weighed on profit in the fourth quarter.

Dean Foods Co. rallied 10 percent, the most in the S&P 500, to $11.99. The biggest U.S. milk processor reported lower raw- milk costs at its fresh dairy business.

Kellogg Co. jumped 5.1 percent to $52.87 after agreeing to acquire Procter & Gamble Co. (PG)’s Pringles potato chip business for about $2.7 billion in cash to triple its global snacks sales after a deal with Diamond Foods Inc. fell through.

Comcast Corp. added 4.7 percent to $28.52. The largest U.S. cable company climbed after fourth-quarter profit rose more than analysts estimated and video-customer losses narrowed for the fifth straight period.

Yesterday the euro declined after reaching a two-month high versus the yen as Greek Finance Minister Evangelos Venizelos accused some euro-area nations of wanting the Greece to leave the union. The 17-nation currency fell against the dollar after European policy makers delayed a decision on the nation’s bailout scheduled for today. The euro earlier advanced after China said it will help tackle Europe’s debt crisis. Venizelos leveled the accusation after a decision slated for tonight on aid totaling 130 billion euros ($170 billion) was postponed until Feb. 20 at the earliest. China will invest in Europe’s bailout funds and maintain its holdings of the region’s assets, central bank Governor Zhou Xiaochuan said today in Beijing. With the world’s largest foreign-exchange reserves of $3.18 trillion, the Asian nation has previously signaled it wants to diversify the holdings away from dollar-denominated assets.

The dollar remained lower against its higher-yielding counterparts as manufacturing in the New York region expanded in February at the fastest pace since June 2010.

EUR/USD: yesterday the pair fell and fixed below $1.3100..

GBP/USD: yesterday the pair was in consolidation.

USD/JPY: yesterday the pair decreased, but remained above Y78.00.

A heavy US calendar starts at 1330GMT, with the release of Producer Price data, weekly initial claims and monthly housing starts. The core PPI is expected to rise 0.2% after the 0.3% jump in December, as pricing power remains weak. Initial jobless claims are expected to rise by 7,000 to 365,000 in the February 11 week after falling in the previous two week. Canadian data at 1330GMT includes the December Int'l securities transaction and the December manufacturing survey.

00:00 Australia Consumer Inflation Expectation February +2.8%

00:30 Australia Changing the number of employed January -29.3 10.9

00:30 Australia Unemployment rate January 5.2% 5.3%

09:00 Eurozone ECB Monthly Report February

13:30 U.S. Initial Jobless Claims 11.02.2012 358 364

13:30 U.S. Building Permits, mln January 0.679 0.680

13:30 U.S. Housing Starts, mln January 0.657 0.670

13:30 U.S. PPI, m/m January -0.1% +0.3%

13:30 U.S. PPI, y/y January +4.8% +4.1%

13:30 U.S. PPI excluding food and energy, m/m January +0.3% +0.1%

13:30 U.S. PPI excluding food and energy, Y/Y January +3.0% +2.6%

14:00 U.S. Fed Chairman Bernanke Speaks 0

15:00 U.S. Philadelphia Fed Manufacturing Survey February 7.3 8.5

23:00 New Zealand RBNZ Governor Bollard Speaks 0

23:50 Japan Monetary Policy Meeting Minutes 0

Change % Change Last

Oil $102.03 +0.23 +0.23%

Gold $1,729.90 +1.80 +0.10%

Yesterday the euro fell against the dollar amid concerns of investors regarding the provision of Greece second package of financial assistance. Previously, support for the single currency had data on economic expectations in the euro area and in Germany, as well as successful placement of debt securities of the Governments of Italy and Spain. In particular, the index of economic expectations of the Center for European economy (ZEW) in the euro zone rose in February compared with January, by 24.4 points - down to minus 8.1 points. This indicator of investor confidence in the economy of Germany in February rose by 27.0 points to 5.4 points. The indicator was plus first time since May 2011. These data were significantly better than forecasts of analysts who had expected an average growth rate for Germany to minus 15 points. However, the positive statistics and successful debt auctions failed for a long time to return to the growth of European currency: the evening it became cheaper again in anticipation of meeting the working group of finance ministers in the eurozone. It is expected that it was at this meeting european politics take a key decision - whether or not to unlock the second package of financial aid to Greece. Formally, the decision should be made the Eurogroup, which will meet on Wednesday, after a meeting of the working group. Earlier, the British newspaper Financial Times reported that the February 15  european politics may defer a decision on financial help Greece, asking her government to provide more detailed explanations of how they intend to implement cost-saving measures. At the beginning of the day the single currency was under pressure because of the decision by Moody's downgrade ratings of Italy, Portugal, Spain, Slovakia, Slovenia and Malta, as well as to reduce the forecast for first-class rating "AAA" France, Britain and Austria.

The yen fell after the Bank of Japan eased monetary policy by increasing the program of buying assets. Bank of Japan eased monetary policy on Tuesday, expanding the purchase of the assets of 10 trillion yen (130 billion dollars) to 65 trillion yen due to the increasing political pressure for more decisive action to curb deflation and facilitate the economic impact of a strong national currency. Central Bank also said that he sees the purpose of establishing its policy on the level of consumer inflation of 1 percent.

EUR/USD: yesterday the pair fell below $1.3100.

GBP/USD: yesterday the pair decreased on a floor of a figure.

USD/JPY: yesterday the pair gain on a figure.

Another heavy calendar on Wednesday, European growth data continues at 0700GMT, with the release of German Q4 data. UK labour data is expected at 0930 GMT. The Markit reports for REC/KPMG showed some growth in both temporary/contract work and permanent placements in December followed by a marked acceleration in jobs growth in January. This tallies with the pick-up in the activity data. The three-monthly ILO data will still show a marked rise in unemployment, as the outturn for the first two months is known (bar revisions), but claimant count jobless is expected to show another minimal rise and the data overall should provide evidence the deterioration in the labour market is easing. At 1030GMT, the BOE releases its Quarterly Inflation report.

Change % Change Last

Nikkei 225 9,052.07 +52.89 +0.59%

Hang Seng 20,898.36 +10.96 +0.05%

S&P/ASX 200 4,242.83 -42.31 -0.99%

Shanghai Composite 2,344.77 -7.08 -0.30%

FTSE 100 5,905.7 +53.31 +0.91%

CAC 40 3,384.55 +11.41 +0.34%

DAX 6,738.47 +45.51 +0.68%

Dow 12,878.28 +4.24 +0.03%

Nasdaq 2,931.83 +0.44 +0.02%

S&P 500 1,350.50 -1.27 -0.09%

Change % Change Last

Oil $101.12 +0.38 +0.38%

Gold $1,721.30 +3.60 +0.21%

Asian stocks narrowed losses as Moody’s Investors Service cut ratings on European nations including Italy, Spain and Portugal. Spain was downgraded to A3 from A1, Italy was cut to A3 from A2 and Portugal was lowered to Ba3 from Ba2, Moody’s said, giving all three nations a negative outlook. The ratings firm also reduced credit levels for Slovakia, Slovenia and Malta.

Nikkei 225 8,999.18 +52.01 +0.58%

Hang Seng 20,887.4 +103.54 +0.50%

S&P/ASX 200 4,285.14 +39.81 +0.94%

Shanghai Composite 2,351.85 -0.13 -0.01%

Cosco Pacific Ltd., which operates container facilities at Greece’s Piraeus port, fell 1.9 percent in Hong Kong.

E Ink Holdings Inc., which makes screens for Amazon.com’s handheld reader, slumped 6.2 percent in Taiwan.

Mitsubishi UFJ Financial Group Inc. advanced 0.8 percent after the Bank of Japan expanded an asset-purchase program to buoy growth.

China Molybdenum Co., a mineral explorer, fell 4.6 percent to HK$4.13 after reporting fiscal year profit was 1.12 billion yuan ($178 million), short of the 1.18 billion yuan estimated by analysts.

European stocks declined, paring the Stoxx Europe 600 Index’s biggest rally in a week, after Moody’s Investors Service downgraded six euro-area countries, including Italy, Spain and Portugal. Moody’s said it may strip the U.K. and France of their top Aaa ratings, citing the euro area’s crisis. Spain was downgraded to A3 from A1 yesterday, Italy to A3 from A2 and Portugal to Ba3 from Ba2, all with negative outlooks. Slovakia, Slovenia and Malta also had their ratings lowered.

German investor confidence increased in February more than economists had forecast, rising to a 10-month high. The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, rose to 5.4 from minus 21.6 in January. Economists had predicted a gain to minus 11.8.

National benchmark indexes declined in all of the 18 western-European markets today except Italy. The U.K.’s FTSE 100 Index slipped 0.1 percent, while Germany’s DAX Index fell 0.2 percent. France’s CAC 40 Index lost 0.3 percent.

ThyssenKrupp dropped 3.8 percent to 21.07 euros after reporting a loss before interest and taxes of 33 million euros, compared with a profit of 261 million euros a year earlier.

TDC, Denmark’s largest phone company, slid 4.3 percent to 43.28 euros as its private-equity investors sold 750 million euros of stock in a sale arranged by Morgan Stanley.

Nokia rose 2.1 percent to 3.84 euros after Nokia Siemens Networks’ CEO, Suri, did not rule out an IPO of the joint venture between Siemens AG and Nokia, Capital magazine reported, citing an interview.

Deutsche Boerse added 2.4 percent to 49.94 euros after the German bourse operator posted a fourth-quarter profit amid lower costs and higher sales while announcing a stock buyback and dividend.

U.S. stocks pared losses in the last half hour of trading amid optimism Greek leaders will commit to austerity measures needed for a second bailout.

Stocks recovered after Reuters reported that Greece’s Conservative Party leader will deliver a letter of commitment to lenders tomorrow, citing a government source.

Stocks slumped earlier amid data showing that U.S. retail sales rose 0.4 percent in January, half the 0.8 percent forecast of economists in a survey. European finance ministers canceled a meeting scheduled for tomorrow as Luxembourg Prime Minister Jean-Claude Juncker said he has yet to receive the political assurances from Greek lawmakers about austerity measures required for the 130 billion euros ($170 billion) bailout.

Dow 12,878.28 +4.24 +0.03%, Nasdaq 2,931.83 +0.44 +0.02%, S&P 500 1,350.50 -1.27 -0.09%

Bank of America (ВАС) lost 2.7 percent, the biggest decline in the Dow, to $8.03. Citigroup downgraded the shares to “neutral” from “buy.”

Goodyear Tire & Rubber Co. fell 5.4 percent to $13.22. Fourth-quarter profit excluding some items was 3 cents a share, the Akron, Ohio-based company said. The drop in volume of tires sold reduced revenue by $174 million, Goodyear said.

Masco dropped 12 percent, the most in the S&P 500, to $11.61. It reported a fourth-quarter loss from continuing operations of 9 cents a share, wider than the average analyst estimate of a loss of 2 cents.

Gap Inc. rallied 2.6 percent to $22.29. Citigroup raised its recommendation for the largest U.S. specialty apparel chain to “buy” from “neutral” and also lifted its share-price estimate to $26 from $24.

Boeing Co. (BA) added 0.7 percent to $75.35. The planemaker signed a 230-aircraft order worth $22.4 billion at list prices from Indonesian budget carrier PT Lion Mentari Airlines, setting a record.

EUR/USD $1.3075, $1.3220, $1.3250, $1.3300

AUD/USD $1.0600, $1.0750, $1.0800 

USD/JPY Y77.00, Y77.50, Y78.00

Yesterday the euro pared gains after approaching a two-month high against the dollar. Greek Prime Minister Lucas Papademos won approval from parliament for austerity measures needed to receive a second aid package, which euro-area finance ministers must decide whether to release when they meet Feb. 15. The dollar fell against most of its major counterparts, including the New Zealand dollar and South Africa’s rand, as stocks and commodities rose before reports forecast to show strong U.S. economic growth.

The yen fell against most of its major peers as Japan’s economy shrank at an annualized 2.3 percent pace in the fourth quarter amid slumping exports that undermined a recovery from last year’s record earthquake. The report underscores pressure on Bank of Japan officials meeting to consider more monetary easing as gains in the yen worsen losses for exporting companies such as Sony Corp. and Panasonic Corp. Japan’s Finance Minister Jun Azumi reiterated at a parliamentary budget committee session in Tokyo that he’ll act on excessive and speculative moves in the currency. Japan spent 14.3 trillion yen ($185 billion) in intervention operations last year to stem gains in the currency as it rose to postwar records against the dollar, hurting the nation’s exporters.

EUR/USD: yesterday the pair fell below $1.3200.

GBP/USD: yesterday the pair decreased.

USD/JPY: yesterday the pair fell.

A heavy calendar kicks off Tuesday at 0630GMT, when BOJ Governor addresses the press and outlines the decision to extend the central bank's asset purchase program. UK data is released at 0930GMT, with the release of the UK consumer price data. US calendar, kicking off at 1245GMT with the ICSC-Goldman Weekly Mall Sales numbers. At 1330GMT, the monthly retail sales report, Producer Price Index annual revisions and the Import Price Index data all hit traders screens. Also at 1330GMT, Canadian New motor vehicle sales data for December is released. Philadelphia Federal Reserve Bank President Charles Plosser speaks to the University of Delaware Center for Economic Education and Entrepreneuship on the economic outlook, in Newark, Delaware at 1345GMT.

Asian stocks climbed, extending the longest run of weekly gains since 2005, after Greece’s parliament approved austerity measures to help secure a second debt bailout.

Nikkei 225 8,999.18 +52.01 +0.58%

Hang Seng 20,887.4 +103.54 +0.50%

S&P/ASX 200 4,285.14 +39.81 +0.94%

Shanghai Composite 2,351.85 -0.13 -0.01%

Tokyo Electric gained 1 percent to 202 yen. The shares rallied as much as 8 percent after Japan’s government agreed to give $8.9 billion to support compensation payments for the Fukushima nuclear disaster, averting the risk the utility will have its stock delisted.

Nitto Denko Corp.  jumped 4 percent to 3,155 yen in Tokyo after Nomura Holdings Inc. raised its recommendation for the shares to “buy” from “neutral.”

Chinese banks rose after reported comments by Premier Wen comments sparked speculation the government may further ease monetary policy. Economic circumstances in the first quarter deserve attention, Wen told business executives last week in Beijing, the official Xinhua News Agency reported yesterday.

Among shares that fell, China Resources Land Ltd., a property developer, dropped 6.2 percent to HK$13.92. The shares slipped after new lending in China missed estimates in January and the eastern city of Wuhu backtracked on proposals to ease real-estate market controls.

European stocks advanced the most in more than a week after Greek lawmakers approved austerity measures needed to get the financial rescue the nation seeks. Greek Prime Minister Lucas Papademos won parliamentary approval for the spending cuts after rioters protesting the measures battled police and set fire to buildings in downtown Athens. A total of 199 lawmakers voted for and 74 against the austerity plans.

Germany sold 3.01 billion euros of six-month bills at an average yield of 0.0761 percent, up from a negative yield at a sale on Jan. 9. Italy’s borrowing costs fell at a debt auction today. The Rome-based Treasury sold 8.5 billion euros of 365-day bills and 3.5 billion euros of 127-day bills at rates lower than in the previous sales.

National benchmark indexes climbed in 16 of the 18 western- European markets today. The U.K.’s FTSE 100 Index added 0.9 percent. France’s CAC 40 Index gained 0.3 percent and Germany’s DAX Index rose 0.7 percent.

A gauge of mining shares rallied 1.5 percent for the best performance on the Stoxx 600 as copper rebounded from the biggest drop in a month. Rio Tinto Group and BHP Billiton Ltd., the world’s biggest mining companies, added 2 percent to 3,845.5 pence and 1.2 percent to 2,082.5 pence, respectively. Anglo American Plc added 2.6 percent to 2,817 pence.

Cable & Wireless Worldwide surged 45 percent to 28.54 pence after Vodafone, the world’s largest mobile-phone company, said it is in an early stage of evaluating a potential bid for the company. An offer, if made, may be in cash, Vodafone said.

National Bank of Greece jumped 9 percent to 2.92 euros, extending its gains this year to 80 percent. Commerzbank, Germany’s second-largest lender, climbed 1.6 percent to 2.09 euros. UBS AG, Switzerland’s biggest bank, rose 1.6 percent to 12.93 Swiss francs. Lloyds added 2.3 percent to 35.30 pence.

Banks in France fell after the government ended a ban on short-selling in the stocks 10 banks and insurance companies, the country’s markets regulator said today. Credit Agricole SA fell 3.6 percent to 5.13 euros and BNP Paribas SA dropped 2.1 percent to 34.33 euros. Societe Generale SA slid 2.2 percent to 22.74 euros.

U.S. stocks rose, after the first weekly loss for the Standard & Poor’s 500 Index in 2012, as Greece approved austerity plans to secure rescue funds.

Global stocks gained today as Germany and the European Commission welcomed Greek approval of the austerity steps demanded for a financial lifeline, suggesting euro finance chiefs will pull Greece back from the brink when they meet in two days.

Dow 12,874.04 +72.81 +0.57%, Nasdaq 2,931.39 +27.51 +0.95%, S&P 500 1,351.77 +9.13 +0.68%

Bank of America (ВАС) rose 2.2 percent to $8.25. JPMorgan (JPM) advanced 1.8 percent to $38.30.

Apple added 1.9 percent to $502.60, after rallying for four straight weeks. On Jan. 24, the largest technology company reported quarterly profit that more than doubled. The gain since Apple reported results is almost four times as large as the advance in the Nasdaq 100 Index.

Chesapeake added 2.4 percent to $22.66. The sales will help the company reduce debt and fund its drilling operations as it faces gas prices that hit a 10-year low in New York last month. Chairman and Chief Executive Officer Aubrey McClendon has vowed to cut long-term debt 25 percent by year end as the company reduces output.

Advanced Micro Devices surged 3.4 percent to $7.29. The maker of processors for personal computers was raised to “outperform” from “market perform” at Sanford C. Bernstein.

Regeneron Pharmaceuticals Inc. jumped 12 percent, the most in the Russell 1000 Index, to $114.65 as the company raised its sales forecast for the eye drug Eylea to exceed analyst estimates.

00:01 United Kingdom RICS House Price Balance January -16% -14%

00:30 Australia National Australia Bank's Business Confidence January 3

02:45 U.S. FOMC Member Williams Speaks 0

03:00 Japan BoJ Interest Rate Decision 0 0.10% 0.10%

04:30 Japan Industrial Production (MoM) (finally) December -2.6% +4.0%

04:30 Japan Industrial Production (YoY) (finally) December -4.2% -4.1%

07:00 Japan BOJ Press Conference 0

09:30 United Kingdom HICP, m/m January +0.4% -0.5%

09:30 United Kingdom HICP, Y/Y January +4.2% +3.6%

09:30 United Kingdom HICP ex EFAT, Y/Y January +3.0% +2.0%

09:30 United Kingdom Retail Price Index, m/m January +0.4% -0.4%

09:30 United Kingdom Retail prices, Y/Y January +4.8% +4.1%

09:30 United Kingdom RPI-X, Y/Y January +5.0% +4.2%

10:00 Germany ZEW Survey - Economic Sentiment February -21.6 -11.6

10:00 Eurozone ZEW Economic Sentiment February -32.5 -21.1

10:00 Eurozone Industrial production, (MoM) December -0.1% -1.1%

10:00 Eurozone Industrial Production (YoY) December -0.3% -1.2%

13:30 U.S. Retail sales January +0.1% +0.8%

13:30 U.S. Retail sales excluding auto January -0.2% +0.6%

13:30 U.S. Import Price Index January -0.1% +0.3%

15:00 U.S. Business inventories December +0.3% +0.4%

15:00 U.S. Treasury Sec Geithner Speaks 0

21:45 New Zealand Retail Sales (MoM) IV quarter +2.2% +1.3%

21:45 New Zealand Retail Sales ex Autos (MoM) IV quarter +2.4% +1.1%

22:40 U.S. FOMC Member Dennis Lockhart Speaks 0

23:30 Australia Westpac Consumer Confidence February +2.4%

Data:

08:15 Switzerland Producer & Import Prices, m/m January +0.3% +0.2% 0.0%

08:15 Switzerland Producer & Import Prices, y/y January -2.3% -2.2% -2.4%

The euro rose against the dollar after Greek Prime Minister Lucas Papademos won approval from parliament for austerity measures needed to receive a second aid package.

Greece’s vote on spending cuts puts the spotlight on a meeting of euro-area finance ministers, who must decide whether to release the international rescue.

EUR/USD: during european session the pair was limited $1,3230-$ 1,3280.

GBP/USD: during european session the pair was limited $1,5775-$ 1,5825.

USD/JPY: during european session the pair was limited Y77,50-Y77,80.

U.S. stock futures rose as Greece approved austerity plans to secure rescue funds.

Global stocks gained today as Germany and the European Commission welcomed Greek approval of the austerity steps demanded for a financial lifeline, suggesting euro finance chiefs will pull Greece back from the brink when they meet in two days. Euro-area finance ministers will convene in Brussels on Feb. 15 for the second extraordinary meeting on Greece in a week, after they declined to ratify the 130 billion-euro ($172 billion) package in a special session on Feb. 9.

Global stocks:

Nikkei  8,999.18 +52.01 +0.58%

Hang Seng 20,887.4 +103.54 +0.50%

S&P/ASX  4,285.14 +39.81 +0.94%

Shanghai Composite 2,351.85 -0.13 -0.01%

FTSE  5,911.32 +58.93 +1.01%

CAC  3,388.51 +15.37 +0.46%

DAX 6,741.42 +48.46 +0.72%

Crude oil $100.77 (+1,7%).

Gold $1726.50 (+0,1%).

GBP/USD

Offers $1.5990/6000, $1.5950, $1.5850/60

Bids $1.5730/20, $1.5700, $1.5650/40

EUR/USD

Offers $1.3350, $1.3320/30, $1.3290

Bids $1.3205/00, $1.3145, $1.3110/00

EUR/USD $1.3200, $1.3250, $1.3300

AUD/USD $1.0720, $1.0830, $1.0850 

GBP/USD $1.5750, $1.5920

USD/JPY Y77.00, Y77.75

EUR/JPY Y103.00

The yen declined against the euro and other major peers after data showed its gross domestic product shrank by more than forecast as exports slumped, fanning speculation officials may act to weaken the yen.

The report underscores pressure on Bank of Japan officials meeting today and tomorrow to consider more monetary easing as gains in the yen worsen losses for companies from Sony Corp. to Panasonic Corp.

Japanese Finance Minister Jun Azumi reiterated at a parliamentary budget committee session in Tokyo that he’ll act on excessive and speculative moves in the currency. Japan spent 14.3 trillion yen ($184 billion) in intervention operations last year to stem gains in the currency as it rose to postwar records against the dollar, hurting the nation’s exporters.

The 17-nation euro rose versus 10 of its 16 major counterparts as Greek Prime Minister Lucas Papademos won parliamentary approval for austerity measures to secure an international bailout after rioters protesting the measures battled police and set fire to buildings in downtown Athens. A total of 199 lawmakers voted in favor and 74 against, Parliament Speaker Filippos Petsalnikos said in remarks carried live on state-run Vouli TV.

Australia’s dollar gained before a report forecast to show U.S. retail sales rose. The so-called Aussie climbed against the yen after data showed that Australian home-loan approvals rose in December.

EUR/USD: during the Asian session the pair rose.

GBP/USD: during the Asian session the pair gain.

USD/JPY: during the Asian session the pair holds in range Y77.50-Y77.80.

Although a busy week on the data front, Monday is off to a slow start. At 0930GMT, the Bank Of England  releases the Q4 "Project Merlin" bank lending data. At 1100GMT, the OECD December leading indicator will hit the screens.

00:30 Australia Home Loans December +1.4% +1.9%

08:15 Switzerland Producer & Import Prices, m/m January +0.3% +0.2%

08:15 Switzerland Producer & Import Prices, y/y January -2.3% -2.2%

21:45 New Zealand Food Prices Index, m/m January +0.2%

21:45 New Zealand Food Prices Index, y/y January +2.9%

21:45 Australia RBA Assist Gov Debelle Speaks

Asian stocks fell, paring the regional index’s longest streak of weekly gains since 2005, as European leaders held back aid for debt-laden Greece pending a parliamentary vote on an austerity plan and as companies cut earnings forecasts.

Nikkei 225 8,947.17 -55.07 -0.61%

Hang Seng 20,783.86 -226.15 -1.08%

S&P/ASX 200 4,245.33 -37.54 -0.88%

Shanghai Composite 2,351.98 +2.39 +0.10%

Samsung Electronics Co., a South Korean consumer electronics maker that gets a fifth of sales from Europe, slid 2 percent.

AOC Holdings Inc., a Japanese oil and gas explorer, tumbled 9.8 percent in Tokyo after cutting its full-year profit forecast by half.

Rio Tinto Group, the world’s third-biggest mining company, dropped 2.3 percent in Sydney after posting a second-half loss.

Among stocks that advanced, Newcrest Mining Ltd. rose 1.7 percent to A$34.01 after Australia’s largest gold producer said first-half net income rose 50 percent from a year earlier to a record of A$659 million ($711 million).

European stocks fell for the fourth time in five days as a leader in Greece’s coalition government said he won’t support more spending cuts demanded by the region’s finance ministers.

George Karatzaferis, the leader of the Laos party, today said he couldn’t support the accord worked out for a new financing agreement in its present form.

Euro-area finance ministers yesterday refused to approve a second aid package because of a lack of assurances by Greek party leaders that they will stick to their commitments after elections due as soon as April. The ministers asked Greece to turn its budget cuts into law and identify 325 million euros ($429 million) in spending reductions.

National benchmark indexes declined in 16 of the 18 western-European markets today. The U.K.’s FTSE 100 Index slipped 0.7 percent. France’s CAC 40 Index dropped 1.5 percent, while Germany’s DAX Index lost 1.4 percent.

National Bank of Greece, the country’s largest lender, fell 9.5 percent to 2.68 euros. Alpha Bank SA, the second-biggest, plummeted 9.4 percent to 1.45 euros. EFG Eurobank Ergasias SA dropped 9.3 percent to 88 euro cents.

Saab declined 8.6 percent to 136.40 kronor, its biggest drop since August. The Swedish company reported a fourth-quarter net income of 413 million kronor ($62 million) against analysts’ projection for 474 million kronor.

Commerzbank AG, Germany’s second-biggest lender, lost 5.2 percent to 2.06 euros.

Alcatel-Lucent, France’s largest telecommunications-gear supplier, jumped 12 percent to 1.68 euros after it said it expects to increase adjusted operating margins in 2012.

Total SA dropped 1.4 percent to 40.58 euros. The company plans to cut net investments to $20 billion in 2012, compared with $22 billion last year. Adjusted net income in the fourth quarter was 2.73 billion euros, in line with the average analyst estimate of 2.72 billion euros.

U.S. stocks fell, snapping a five- week-rally for the Standard & Poor’s 500 Index, amid concern plans to help Greece avoid default were unraveling and as confidence among American consumers dropped more than forecast.

Global equities tumbled after George Karatzaferis, who heads one of the three parties supporting interim Prime Minister Lucas Papademos, said he wouldn’t support austerity measures worked out for a rescue. He spoke hours after German Finance Minister Wolfgang Schaeuble told lawmakers in Berlin that Greece was missing deficit targets.

Stocks extended losses as the Thomson Reuters/University of Michigan preliminary index of consumer sentiment dropped to 72.5 from 75 in January.

Dow 12,801.23 -89.23 -0.69%, Nasdaq 2,903.88 -23.35 -0.80%, S&P 500 1,342.64 -9.31 -0.69%

Citigroup sank 2.28 percent. Bank of America (ВАС) lost 1.34 percent.

Concern that Europe’s debt crisis may curb global economic growth also drove energy and raw material producers lower. Copper shipments to China fell for the first time in eight months in January, while inventories monitored by the Shanghai Futures Exchange advanced to a record after rising for a ninth straight week.

Freeport-McMoRan, the world’s largest publicly traded copper producer, sank 3.19 percent. Alcoa (АА) erased 3.29 percent. Halliburton fell 1.93 percent.

Apollo Global Management LLC dropped 6.13 percent. The private equity firm that went public last year said fourth- quarter profit fell 66 percent as market swings hurt its private equity holdings.

LinkedIn Corp. surged 17.76 percent. The biggest professional-networking website reported quarterly sales that more than doubled and forecast higher 2012 revenue, buoyed by advertising and subscriptions.

EUR/USD $1.3160, $1.3200, $1.3225, $1.3250, $1.3300

AUD/USD $1.0800, $1.0775, $1.0900

EUR/GBP stg0.8420, stg0.8350

GBP/USD $1.5750, $1.5830, $1.6000

USD/JPY Y76.00, Y77.00, Y77.05

USD/CHF Chf0.9150

USD/CAD C$1.0000

U.S. stock futures fell as European finance ministers held back a Greece bailout and a political leader said he won’t support an austerity plan.

Equity futures followed a global slump as emergency talks of euro-area finance chiefs broke up late last night with Luxembourg Prime Minister Jean-Claude Juncker saying Greece must turn its budget cuts into law, flesh out 325 million euros in spending reductions and have its major party leaders sign up to the program so they don’t retreat after upcoming elections.

George Karatzaferis, the leader of one of the three parties supporting interim Prime Minister Lucas Papademos, said he wouldn’t support austerity measures worked out for a rescue. Karatzaferis, who heads the Laos party, spoke in Athens hours after German Finance Minister Wolfgang Schaeuble told lawmakers in Berlin that Greece was missing debt-cutting targets.

Global stocks:

Nikkei  8,947.17 -55.07 -0.61%

Hang Seng 20,783.86 -226.15 -1.08%

Shanghai Composite 2,351.98 +2.39 +0.10%

FTSE  5,844.38 -51.09 -0.87%

CAC  3,380.86 -43.85 -1.28%

DAX 6,661.89 -126.91 -1.87%

Crude oil: $97.64 (-2,2%).

Gold: $1713.00 (-1,6%).

В 13:30 GMT в Канаде и США выйдет сальдо баланса внешней торговли за декабрь. Завершит день США индексом настроения потребителей от университета Мичигана за февраль (14:55 GMT) и ежемесячным отчетом об исполнении бюджета (19:00 GMT).

GBP/USD

Offers $1.5990/6000, $1.5950, $1.5850/60

Bids $1.5730/20, $1.5700, $1.5650/40

EUR/USD $1.3160, $1.3200, $1.3225, $1.3250, $1.3300

AUD/USD $1.0800, $1.0775, $1.0900

EUR/GBP stg0.8420, stg0.8350

GBP/USD $1.5750, $1.5830, $1.6000

USD/JPY Y76.00, Y77.00, Y77.05

USD/CHF Chf0.9150

USD/CAD C$1.0000

Demand for the euro was limited before reports next week that may indicate a faltering recovery in the 17-nation region.

European industrial production probably declined 1.4 percent in December, according to the median estimate of economists surveyed by Bloomberg News before figures are released Feb. 14. A report the following day may show the region’s gross domestic product fell 0.4 percent in the fourth quarter, according to the median forecast in a separate poll. That compares with a 0.1 percent gain in the previous period. Greek Finance Minister Evangelos Venizelos said euro-area counterparts refused to approve a 130 billion-euro ($173 billion) aid package for Greece yesterday at an emergency meeting because the government fell short of austerity demands. Another extraordinary assembly of the ministers was set for Feb. 15.

The dollar and yen rose against their major peers as Asian stocks declined, boosting demand for haven currencies.

Australia’s dollar weakened after the Reserve Bank lowered its 2012 forecasts for growth and inflation. Australia’s currency slid versus most of its major peers today after the central bank said it sees the economy expanding at an average of 3.5 percent this year, in its quarterly monetary policy statement released today, down from its Nov. 4 estimate of 4 percent.

Consumer prices will rise 3 percent in the year through to the fourth quarter, less than a previous prediction of 3.25 percent, the RBA said.

EUR/USD: during the Asian session the pair decreases.

GBP/USD: during the Asian session the pair continues yesterday's falling.

USD/JPY: during the Asian session the pair gain, showed new week’s high.

The European calendar gets underway at 0700GMT, when Germany releases January final HICP data.  At 0745GMT, French industrial

output and December current account data is released. At 1030GMT, the German government official spokesperson gives a regular press conference, in Berlin. There is a string of UK data at 0930GMT. Fourth quarter construction data is released, along with the January Producer Price Index (PPI) and the Jan Input/Output.

Yesterday the euro reached a two-month high against the dollar and the yen after Greek political leaders said they had reached an agreement on austerity measures needed to obtain a bailout. The 17-nation currency strengthened against all but one of its most-traded counterparts after European Central Bank President Mario Draghi said it would lower the collateral requirements to access the next three-year loan auction later this month. The accord came as euro-region finance ministers held an emergency meeting in Brussels to discuss the 130 billion-euro ($173 billion) aid package. Luxembourg’s Jean-Claude Juncker, who leads the group, said there will be no final decision on Greece’s bailout package at the meeting. The ECB maintained its main refinancing rate at 1 percent.

The Dollar Index, which Intercontinental Exchange Inc. uses to track the greenback against the currencies of six U.S. trading partners, dropped 0.4 percent to 78.413 after falling to 78.364, the lowest since Dec. 8. The gauge is weighted 57.6 percent to movements in the euro.

The pound rose against the dollar after the Bank of England said it would increase its bond-buying program by less than some economists forecast. The Monetary Policy Committee raised the target for bond purchases by 50 billion pounds ($79.3 billion) to 325 billion pounds, more than a quarter of current outstanding gilts.

EUR/USD: yesterday the pair has grown, but could not be fixed above $1.3300.

GBP/USD: yesterday the pair has grown, but lost positions later.

USD/JPY: yesterday the pair gain, showed new week’s high.

The European calendar gets underway at 0700GMT, when Germany releases January final HICP data.  At 0745GMT, French industrial

output and December current account data is released. At 1030GMT, the German government official spokesperson gives a regular press conference, in Berlin. There is a string of UK data at 0930GMT. Fourth quarter construction data is released, along with the January Producer Price Index (PPI) and the Jan Input/Output.

Most Asian stocks climbed, erasing an earlier decline for the region’s benchmark index, amid speculation Greece will secure a second bailout when euro-area officials meet today. A government official today said Greece was confident euro area finance ministers will approve a second bailout for the country. The official, who declined to be named, said there would not be another meeting of political parties.

Nikkei 225 9,002.24 -13.35 -0.15%

Hang Seng 20,964.6 -53.86 -0.26%

S&P/ASX 200 4,282.87 -7.84 -0.18%

Shanghai Composite 2,349.59 +2.06 +0.09%

Lenovo climbed 4.3 percent to $HK6.52 after the company reported a 54 percent increase in third-quarter profit to $153 million as orders for office computers jumped and acquisitions in Germany and Japan boosted sales. That beat the $139.8 million average of nine analysts’ estimates compiled by Bloomberg. Revenue rose 44 percent.

Japanese paper makers gained the most among the Topix Index’s 33 industry groups after Nippon Paper Group Inc. yesterday posted growing profit. Nippon Paper jumped 5.5 percent to 1,766 yen, Mitsubishi Paper Mills Ltd. surged 11 percent to 84 yen and Hokuetsu Kishu Paper Co. climbed 4.1 percent to 539 yen.

BHP, the world’s largest mining company lost 1.6 percent to A$37.16 in Sydney as workers at BHP’s coking coal mines in Australia said they will strike for seven days from Feb. 15 after rejecting the company’s latest offer.

European stocks rose for the first time in four days as Greek political leaders reached a consensus on austerity measures and the European Central Bank held its benchmark interest rate at a record low.

Greece’s government has reached a deal on austerity measures required for a 130 billion-euro ($173 billion) financing package, according to a statement from the press office of Prime Minister Lucas Papademos.

ECB policy makers meeting in Frankfurt left the benchmark interest rate at a record low of 1 percent, as predicted economists. President Mario Draghi said at a press conference that surveys confirm tentative signs of stabilization in the euro-area economy.

Bank of England officials decided to infuse another 50 billion pounds ($79 billion) into the U.K. economy to protect a nascent recovery. The Monetary Policy Committee raised the target for bond purchases to 325 billion pounds, more than a quarter of current outstanding gilts.

National benchmark indexes rose in 12 of the 18 western European markets. France’s CAC 40 added 0.4 percent. Germany’s DAX climbed 0.6 percent, and the U.K.’s FTSE 100 gained 0.3 percent.

Daimler jumped 4.6 percent to 46.68 euros, its highest since Aug. 2. The company reported a 39 percent increase in fourth-quarter profit, boosted by demand for the revamped M- Class sport-utility vehicle.

Preference shares of Hugo Boss rose 0.7 percent to 77.30 euros. The German luxury clothier controlled by buyout firm Permira Advisers said earnings before interest, taxes, depreciation, amortization and one-time items increased to 97 million euros from 77 million euros in the year-earlier period.

Credit Suisse declined 3.5 percent to 24.35 Swiss francs. Switzerland’s second-biggest lender said it had a loss in the fourth quarter for the first time since 2008, hurt by “adverse markets” and costs to reorganize the investment bank.

U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a third day, as Greek political leaders struck a deal on a package of austerity measures needed to secure international rescue funds.

Equities rallied around the world after Greece’s government reached a deal on austerity measures required for a 130 billion- euro ($173 billion) financing package. Greece faces a 14.5 billion-euro bond payment on March 20 and is struggling to secure financing to avert a collapse of the economy that could spark a new round of contagion in the euro area.

Akamai jumped 11 percent, the biggest gain in the S&P 500, to $38.06. The company, whose customers include Apple Inc., is benefiting from rising demand for its services as companies seek ways to push data-heavy digital content, such as videos, around the world more quickly.

Visa rallied 3.8 percent to $112.42, a record. Chairman and Chief Executive Officer Joseph W. Saunders is positioning Visa for its next phase of growth after U.S. regulators capped so- called swipe fees, or interchange, that the company charges merchants for debit-card purchases. Visa, which derived about 56 percent of revenue from the U.S. in fiscal 2011, has said it intends to generate more than half from markets abroad by 2015.

United Technologies gained 2.5 percent to $83.78. It is studying the sale of a pump- and compressor-making division to raise cash for the planned purchase of aerospace supplier

Cisco Systems Inc. (CSCO) slumped 2.1 percent, the most in the Dow, to $20. The biggest maker of networking equipment predicted a third-quarter revenue gain of 5 percent to 7 percent. That equates to about $11.4 billion to $11.6 billion, compared with an average estimate of $11.5 billion. Excluding some costs, earnings will be 45 cents to 47 cents a share. Analysts had projected 45 cents.

PepsiCo Inc. fell 3.7 percent to $64.27. The company plans to cut 8,700 jobs and boost marketing spending for its brands by as much as $600 million as Chief Executive Officer Indra Nooyi works to turn around the world’s largest snack-food maker.

Groupon Inc. sank 14 percent to $21.17. The largest daily- deal site reported a tax-related fourth-quarter loss that analysts hadn’t predicted. Groupon, based in Chicago, has expanded to 47 countries and set up a new international headquarters in Switzerland. That contributed to a higher-than- expected $34.8 million in taxes, Chief Financial Officer Jason Child said.

Data:

06:45 Switzerland SECO Consumer Climate IV quarter -24 -19

09:30 United Kingdom Industrial Production (MoM) December -0.6% +0.2% +0.5%

09:30 United Kingdom Industrial Production (YoY) December -3.1% -3.1% -3.3%

09:30 United Kingdom Manufacturing Production (MoM) December -0.2% +0.3% +1.0%

09:30 United Kingdom Manufacturing Production (YoY) December -0.6% +0.3% +0.8%

09:30 United Kingdom Trade in goods December -8.6 -8.4 -7.1

12:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50% 0.50%

12:45 Eurozone ECB Interest Rate Decision 1.00% 1.00% 1.00%

The euro retreated from a two-month high against the dollar after Greek Finance Minister Evangelos Venizelos said there were still doubts on the agreement needed to win a rescue package for the nation.

The common currency stayed lower against the dollar after the European Central Bank kept its benchmark interest rate unchanged at a policy meeting today. The euro erased earlier gains versus the greenback as Venizelos headed to Brussels while politicians in Athens debated the issue of pension cuts needed to secure a 130 billion euro ($173 billion) bailout. ECB President Mario Draghi will hold a press conference later today.

The pound strengthened after the Bank of England said it would increase its bond-buying program by 50 billion pounds ($79.3 billion).

EUR/USD: the pair showed high above $1,3300, but returned to area $1,3250 later.

GBP/USD: the pair grown, reached $1,5878.

USD/JPY: during european session the pair was limited Y77,10-Y77,20.

The US calendar kicks off at 1330GMT, with the release of the weekly jobless claims data. At 1500GMT, Wholesale Inventories numbers are released, the same time the UK policy forum the NIESR release their updated growth forecasts. At 1530GMT, the Regular IMF news briefing is being held. The last scheduled event for the day is the US money supply data, due for release at 2100GMT.

EUR/USD

Offers $1.3350, $1.3325/35

Bids $1.3205/00, $1.3170/60

Resistance 3: Y78.10 (МА (200) for D1)

Resistance 2: Y77.50 (Jan 27 high)

Resistance 1: Y77.20 (session high)

Current price: Y77.13

Support 1:Y77.10 (intraday low)

Support 2:Y76.70 (Feb 7 low)

Support 3:Y76.50 (Feb 6 low, МА (200) for Н1)

Resistance 3: Chf0.9260 (Feb 6 high)

Resistance 2: Chf0.9230 (Feb 7 high)

Resistance 1: Chf0.9150 (session high)

Current price: Chf0.9131

Support 1: Chf0.9090 (session low)

Support 2: Chf0.9060 (low of December)

Support 3: Chf0.8950 (Nov 11 low)

EUR/USD $1.3200, $1.3250, $1.3270, $1.3300, $1.3335

USD/JPY Y77.00, Y76.70, Y76.35

AUD/USD $1.0800, $1.0775, $1.0650

EUR/CHF Chf1.2040, Chf1.2130, Chf1.2135

GBP/USD $1.5800, $1.5900, $1.6000

The euro rose toward a two-month high after a Greek government official signaled confidence that finance ministers in the currency bloc will approve a second financing accord for the debt-strapped nation.

The common currency rose for a third day against the yen after Greek politicians debated budget cuts needed to secure the bailout with a remaining dispute over pension cuts. Greece must pass an accord on spending cuts to receive a 130 billion-euro ($172 billion) rescue package from the so- called troika of lenders and avoid default. Greek Prime Minister Lucas Papademos and the leaders of the three parties supporting the government “agreed on all the points of the program with the exception of one which requires further elaboration and discussion” with the lenders, according to an e-mailed statement from the premier’s office. They failed to resolve a dispute over pension cuts.

The European Central Bank also meets today to set monetary policy.

The pound was restored after yesterday's falling on prospects the Bank of England will expand its asset-purchase program.  The Bank of England will increase bond purchases by 50 billion pounds ($79 billion) at a policy meeting today.

New Zealand dollar declined after Greek debt negotiations stalled and faster inflation in China tempered optimism the region’s central banks will ease policies to shore up economic growth. Data showed today consumer prices in China rose 4.5 percent last month from a year earlier, after December’s 4.1 percent gain, exceeding all 33 estimates in a Bloomberg News survey.

EUR/USD: during the Asian session the pair rose, updated new week’s high.

GBP/USD: during the Asian session the pair was restored after yesterday's falling.

USD/JPY: during the Asian session the pair gain, showed new week’s high.

A string of UK data is scheduled for release at 0930GMT, with the release of January BOE Quoted Rates, December Trade data and December manufacturing and industrial output numbers. Also at 0930GMT, the CML mortgage repossession data is set for release. The US calendar kicks off at 1330GMT, with the release of the weekly jobless claims data. At 1500GMT, Wholesale Inventories numbers are released, the same time the UK policy forum the NIESR release their updated growth forecasts. At 1530GMT, the Regular IMF news briefing is being held. The last scheduled event for the day is the US money supply data, due for release at 2100GMT.

Yesterday the euro fluctuated against the dollar amid speculation Greek Prime Minister Lucas Papademos and coalition party leaders will fail to agree on terms required for a bailout. Greece’s Papademos negotiated with political leaders in Athens after delaying the gathering for a second time in as many days. He met officials from the European Commission, the European Central Bank and the International Monetary Fund to put the final touches on terms required for a 130 billion-euro ($172 billion) bailout. Euro-area finance ministers are due to gather in an emergency meeting in Brussels as the Greek government pushes to complete talks.

The Dollar Index rose from its weakest level in two months on demand for a refuge as Greek political leaders were locked in discussions with Papademos.

The yen fell against the majority of its major peers as Japan’s current-account surplus slid to a 15- year low in 2011. The yen dropped after the Finance Ministry in Tokyo said Japan’s current-account surplus shrank 44 percent in 2011 from the previous year to 9.63 trillion yen ($125 billion), the lowest since 1996. Japan’s trade surplus makes the currency attractive as a haven because it means the nation doesn’t have to rely on overseas lenders.

EUR/USD: yesterday the pair traded in a range $1.3220-$1.3290.

GBP/USD: yesterday the pair has fallen to a figure.

USD/JPY: yesterday the pair gain, showed new week’s high.

A string of UK data is scheduled for release at 0930GMT, with the release of January BOE Quoted Rates, December Trade data and December manufacturing and industrial output numbers. Also at 0930GMT, the CML mortgage repossession data is set for release. The US calendar kicks off at 1330GMT, with the release of the weekly jobless claims data. At 1500GMT, Wholesale Inventories numbers are released, the same time the UK policy forum the NIESR release their updated growth forecasts. At 1530GMT, the Regular IMF news briefing is being held. The last scheduled event for the day is the US money supply data, due for release at 2100GMT.

Asian stocks rose for a third day as Greece’s government edged closer to securing a bailout package and Toyota Motor Corp. raised its profit forecast. Chinese shares rallied ahead reports tomorrow that are expected to show inflation easing.

Nikkei 225 9,015.59 +98.07 +1.10%

Hang Seng 21,018.46 +319.27 +1.54%

S&P/ASX 200 4,290.71 +16.51 +0.39%

Shanghai Composite 2,347.53 +55.63 +2.43%

Toyota rallied 5 percent in Tokyo after Asia’s largest carmaker raised its earnings outlook by 11 percent as new models boosted sales. China Petroleum & Chemical Corp. and PetroChina Co. climbed in Hong Kong after China raised fuel prices for the first time in 10 months. Rio Tinto Group gained 1.1 percent in Sydney.

Larger rival, BHP Billiton Ltd. (BHP) slid 0.4 percent to A$37.75 in Sydney. The company reported a 5.5 percent drop in first-half profit to $9.9 billion as rising costs combined with lower output and prices halved base-metal earnings. That compares with an average analyst estimate of $10 billion.

Panasonic Corp. gained 3.3 percent to 657 yen, Fujitsu Ltd. (6702) increased 2.9 percent to 391 yen and Renesas Electronics Corp. surged 10 percent to 556 yen after the Nikkei reported all three companies are in talks to join their system chip operations. The newspaper did not cite anyone.

European stocks dropped for a third day. Greece’s Prime Minister Lucas Papademos met the leaders of the three political parties that support his government in Athens today. He held an unscheduled meeting late last night with the troika -- the European Commission, the European Central Bank and the International Monetary Fund -- to haggle over the terms needed to secure further aid.

National benchmark indexes climbed in 10 of the 18 western- European (SXXP) markets today. The U.K.’s FTSE 100 Index fell 0.2 percent. France’s CAC 40 Index and Germany’s DAX Index decreased 0.1 percent.

BHP Billiton retreated 2.3 percent to 2,130 pence. The world’s biggest mining company reported a 5.5 percent drop in first-half profit, the first decline since 2009, as rising costs and lower output and prices cut its earnings from base metals by half.

Vestas plunged 14 percent to 57.50 kroner for the largest slump on the Stoxx 600. The world’s biggest wind-turbine maker reported an annual loss of 166 million euros ($220 million), according to its annual report.

Banco Espirito Santo SA surged 13 percent to 1.67 euros, while Banco Comercial Portugues SA rose 5.1 percent to 18.5 euro cents.

UniCredit SpA, Italy’s biggest lender, added 2.2 percent to 4.48 euros. Intesa Sanpaolo SpA, the country’s second-largest bank, gained 3 percent to 1.60 euros.

U.S. stocks advanced, pushing the Standard & Poor’s 500 Index to a seven-month high, as Greek Prime Minister Lucas Papademos began talks with political leaders on terms required for a bailout. Papademos began talks with political parties supporting his government as he works to secure a second aid package. Greece will pledge permanent spending cuts, including lower pensions and a 20 percent reduction in minimum wages, according to the draft of the financing deal.

Dow 12,883.95     +5.75   +0.04%, Nasdaq      2,915.86       +11.78 +0.41%, S&P 500   1,349.96       +2.91         +0.22%

Bank of America (ВАС) climbed 3.6 percent, the most in the Dow, to $8.13.

Ralph Lauren Corp. rallied 9.2 percent to $171.49. The retailer of its namesake brand clothing said revenue in the current fiscal year may gain more than it previously expected.

Exxon Mobil Corp. (XOM) lost 0.6 percent to $85.32.

Sprint Nextel Corp. slumped 1.6 percent to $2.41 after reporting widening losses for the first quarter it offered the Apple Inc. iPhone, signaling the best-selling device may not be helping Chief Executive Officer Dan Hesse turn around the carrier’s business.

Western Union Co. tumbled 10 percent, the biggest decline in the S&P 500, to $17.73. The world’s largest money-transfer business forecast earnings in 2012 will be no more than $1.75 a share, less than the average analyst estimate of $1.81.

Change % Change Last

Nikkei 225 9,015.59 98,07 +1,10%

Hang Seng 21,018.46 319,27 1,54%

S&P/ASX 200 4,290.71 16,51 +0,39%

Shanghai Composite +2,43 2,347.53 55,63%

FTSE 100 5,875.93 -14.33 -0.24%

CAC 40 3,410 -1.54 -0.05%

DAX 6,748.76 -5.44 -0.08%

Dow 12,883.95 +5.75 +0.04%

Nasdaq 2,915.86 +11.78 +0.41%

S&P 500 1,349.96 +2.91 +0.22%

Change % Change Last

Oil $99.06 +0.35 +0.35%

Gold $1,736.00 +4.70 +0.27%

01:30 China CPI y/y January +4.1% +4.0%

01:30 China PPI y/y January +1.7% +0.8%

05:00 Japan Consumer Confidence January 38.9

06:00 Japan Prelim Machine Tool Orders, y/y January +17.4%

06:45 Switzerland SECO Consumer Climate IV quarter -24

09:30 United Kingdom Industrial Production (MoM) December -0.6% +0.2%

09:30 United Kingdom Industrial Production (YoY) December -3.1% -3.1%

09:30 United Kingdom Industrial Production (YoY) December -3.1% -3.1%

09:30 United Kingdom Manufacturing Production (MoM) December -0.2% +0.3%

09:30 United Kingdom Manufacturing Production (YoY) December -0.6% +0.3%

09:30 United Kingdom Trade in goods December -8.6 -8.4

12:00 United Kingdom BoE Interest Rate Decision 0 0.50% 0.50%

12:45 Eurozone ECB Interest Rate Decision 0 1.00% 1.00%

13:30 Eurozone ECB Press Conference 0

13:30 Canada New Housing Price Index December +0.3% +0.5%

13:30 U.S. Initial Jobless Claims 04/02/12 367 390

15:00 United Kingdom NIESR GDP Estimate January

15:00 U.S. Wholesale Inventories December +0.1% +0.4%

The euro fluctuated against the dollar amid speculation Greek Prime Minister Lucas Papademos and coalition party leaders will fail to agree on terms required for a bailout. Greece’s Papademos negotiated with political leaders in Athens after delaying the gathering for a second time in as many days. Yesterday he met officials from the European Commission, the European Central Bank and the International Monetary Fund to put the final touches on terms required for a 130 billion-euro ($172 billion) bailout. Euro-area finance ministers are due to gather tomorrow in an emergency meeting in Brussels as the Greek government pushes to complete talks.

The Dollar Index rose from its weakest level in two months on demand for a refuge as Greek political leaders were locked in discussions with Papademos.

The yen fell against the majority of its major peers as Japan’s current-account surplus slid to a 15- year low in 2011. The yen dropped after the Finance Ministry in Tokyo said Japan’s current-account surplus shrank 44 percent in 2011 from the previous year to 9.63 trillion yen ($125 billion), the lowest since 1996. Japan’s trade surplus makes the currency attractive as a haven because it means the nation doesn’t have to rely on overseas lenders.

European stocks dropped for a third day. Greece’s Prime Minister Lucas Papademos met the leaders of the three political parties that support his government in Athens today. He held an unscheduled meeting late last night with the troika -- the European Commission, the European Central Bank and the International Monetary Fund -- to haggle over the terms needed to secure further aid.

National benchmark indexes climbed in 10 of the 18 western- European (SXXP) markets today. The U.K.’s FTSE 100 Index fell 0.2 percent. France’s CAC 40 Index and Germany’s DAX Index decreased 0.1 percent.

BHP Billiton retreated 2.3 percent to 2,130 pence. The world’s biggest mining company reported a 5.5 percent drop in first-half profit, the first decline since 2009, as rising costs and lower output and prices cut its earnings from base metals by half.

Vestas plunged 14 percent to 57.50 kroner for the largest slump on the Stoxx 600. The world’s biggest wind-turbine maker reported an annual loss of 166 million euros ($220 million), according to its annual report.

Banco Espirito Santo SA surged 13 percent to 1.67 euros, while Banco Comercial Portugues SA rose 5.1 percent to 18.5 euro cents.

UniCredit SpA, Italy’s biggest lender, added 2.2 percent to 4.48 euros. Intesa Sanpaolo SpA, the country’s second-largest bank, gained 3 percent to 1.60 euros.

U.S. stocks fell, erasing an earlier advance in the Standard & Poor’s 500 Index, amid concern that Greek Prime Minister Lucas Papademos and coalition party members would fail to agree on terms required for a bailout. Equities reversed gains after a report that the European Central Bank was still divided on its role in a Greek debt restructuring.

Greek Prime Minister Lucas Papademos began negotiating with leaders of the political parties supporting his caretaker government as he tried to make up for lost time to secure a second aid package. ECB policymakers are still divided on what contribution the central bank could make, Reuters says, citing two unidentified euro-zone monetary-policy sources.

Dow 12,856.10 -22.10 -0.17%, Nasdaq 2,903.91 -0.17 -0.01%, S&P 500 1,346.14 -0.91 -0.07%

иslumped 3.3 percent to $2.37. The net loss expanded to $1.3 billion, or 43 cents a share in the fourth quarter, from $929 million, or 31 cents, a year earlier, the carrier said today in a statement. The company said it had one-time costs of 8 cents a share from revaluing assets. Analysts predicted a loss of 38 cents, the average of estimates compiled by Bloomberg.

Western Union Co. slumped 8.4 percent to $18.06. The world’s largest money-transfer business forecast earnings in 2012 will be no more than $1.75 a share, less than the average analyst estimate of $1.81.

Hartford jumped 7.3 percent to $20.52. Paulson, the billionaire hedge fund manager who controls the largest stake in Hartford, told Chief Executive Officer Liam McGee he needs to reverse the insurer’s stock slide. The insurer declined 39 percent last year and trades at less than half of the company’s book value, which is a measure of assets minus liabilities.

Ralph Lauren Corp. rallied 9.7 percent to $172.33. The retailer of its namesake brand clothing said revenue in the current fiscal year may gain more than it previously expected.

Oil retreated after the U.S. Energy Department reported that inventories climbed as fuel consumption dropped to the lowest level in almost 13 years.

Futures slipped from the day’s highs after the department said crude supplies rose 304,000 barrels to 339.2 million in the week ended Feb. 3. Gasoline stockpiles increased to the highest level in almost a year and inventories of distillate fuels unexpectedly gained. Total fuel demand fell 0.5 percent to 17.6 million barrels a day, the lowest level since 1999.

Crude oil for March delivery slipped to $98.17 a barrel on the New York Mercantile Exchange. The contract traded at $99.77 a barrel before release of the inventory report at 10:30 a.m.

Brent oil for March settlement dropped 1 cent to $116.22 a barrel on the London-based ICE Futures Europe exchange.

U.S. stock futures were mixed as Greek leaders planned to negotiate measures needed to qualify for rescue funds.

Greek Prime Minister Lucas Papademos is set to negotiate with leaders of the political parties supporting his caretaker government after delaying the meeting while Greek officials and international creditors haggle over debt-restructuring terms.

Global stocks:

Nikkei  9,015.59 +98.07 +1.10%

Hang Seng 21,018.46 +319.27 +1.54%

Shanghai Composite 2,347.53 +55.63 +2.43%

FTSE  5,887.28 -2.98 -0.05%

CAC  3,426.34 +14.80 +0.43%

DAX 6,793.61 +39.41 +0.58%

Crude oil: $99.80 (+1,4%).

Gold: $1743.10 (-0,3%).

Data:

06:45 Switzerland Unemployment Rate January 3.1% 3.1% 3.1%

07:00 Germany Trade Balance December 15.1 14.1 13.9

The euro rose  on speculation Greece is making progress on measures needed to win international aid, boosting demand for the shared currency.

The euro rose before Greek Prime Minister Lucas Papademos meets political leaders in Athens to hammer out financing to avert a collapse of the economy.

Greece’s Papademos yesterday met officials from the European Commission, the European Central Bank and the International Monetary Fund to put the final touches on terms required for a 130 billion-euro bailout.

He also held “constructive” talks with Charles Dallara, managing director of the International Institute of Finance, which has negotiated the terms of a debt-swap deal with private bondholders, and Deutsche Bank AG Chairman Josef Ackermann, the IIF said in a statement.

EUR/USD: during european session the pair was limited $1,3240-$ 1,3290.

GBP/USD: the pair showed low in $1,5870 area, but later slightly restored.

USD/JPY: the pair receded from session high, fell to Y76,70 area.

At 1530 GMT the EIA Wkly Crude Oil Stocks numbers are released.

GBP/USD 

Offers $1.5990/6000, $1.5950

Bids $1.5860/40, $1.5825/20, $1.5765/60

EUR/USD

Offers $1.3350, $1.3325/35, $1.3300

Bids $1.3240/30, $1.3210/00, $1.3190, $1.3170/60

EUR/USD $1.3100, $1.3200, $1.3220, $1.3250, $1.3290, $1.3300

USD/JPY Y76.35, Y76.55, Y76.80, Y76.95, Y77.00, Y77.50, Y77.60

AUD/USD $1.0900, $1.0800, $1.0765, $1.0625

EUR/CHF Chf1.2050, Chf1.2100

GBP/USD $1.5900, $1.5850, $1.5755

The yen weakened versus all of its major peers as an advance in Asian shares damped demand for haven currencies and data showed that Japan’s current-account surplus slid to a 15-year low in 2011. Japan’s current-account surplus shrank 44 percent in 2011 from the previous year to 9.63 trillion yen ($125 billion), the lowest since 1996, the Finance Ministry said in Tokyo today. The figure narrowed 74.7 percent in December from a year earlier to 303.5 billion yen. The median estimate of economists surveyed by Bloomberg News was for a 71 percent decline.

The euro touched an eight-week high on speculation Greece is making progress on measures to secure international aid. Prime Minister Lucas Papademos is scheduled to meet the heads of three political parties in Athens today.

Greece’s Papademos met yesterday for “constructive” talks with Charles Dallara, managing director of the International Institute of Finance, which has negotiated the terms of a debt- swap deal with private bond holders, and Deutsche Bank AG Chairman, according to an IIF statement. The prime minister also held an unscheduled meeting late yesterday with the so-called troika, comprising the European Commission, the European Central Bank and the International Monetary Fund, to put the final touches on terms required for a 130 billion-euro ($173 billion) bailout.

EUR/USD: during the Asian session the pair holds in a range $1.3240-$1.3265.

GBP/USD: during the Asian session the pair holds in a range $1.5880-$1.5900.

USD/JPY: during the Asian session the pair gain, showed new week’s high.

The US calendar starts at 1200GMT, with the release of the MBA weekly mortgage applications data. There is little else on the agenda

until 1530GMT, when the EIA Wkly Crude Oil Stocks numbers are released. At 1540GMT, San Francisco Federal Reserve Bank President John Williams speaks to the Bishop Ranch Forum on "The Federal Reserve and the Economic Recovery," in San Ramon, Calif. Germany comes to market Weds, with the sale of E4 billion 5-year BOBLs. US issuance is slated for later in the day, with the $32 billion 10-Year Note auction.

Asian stocks swung between gains and losses, with the regional benchmark index trading near a five month high, as investors await the outcome of Greek bailout talks amid warnings Europe’s crisis threatens global demand.

Nikkei 225 8,917.52 -11.68 -0.13%

Hang Seng 20,699.19 -10.75 -0.05%

S&P/ASX 200 4,274.2 -21.79 -0.51%

Shanghai Composite 2,291.9 -39.23 -1.68%

In Tokyo, Japan Tobacco rose 5.7% after lifting its full-year net profit forecast, while Dainippon Screen Manufacturing dropped 6.5% after lowering its fiscal year net profit view.

A similar pattern was evident in Sydney with National Australia Bank shares sliding 3.9% on below-view first quarter earnings, while Transurban added 0.1% after reporting a strong first-half profit.

Car makers fell in Shanghai after SAIC Motor posted an 8.5% on-year decline in January vehicle sales. SAIC Motor fell 1.4% and Anhui Jianghuai Automobile slipped 3.4%.

European stocks declined for a second straight day as Greek talks on measures needed to get a second bailout continued and China said industrial-output growth is likely to slow.

Greek Prime Minister Lucas Papademos is convening the nation’s political leaders to seek consensus on the cuts required for another European Union-led bailout. Officials are working on the final draft of the document listing the budget and structural measures required to receive international funding, a government official said.

FTSE 100 5,890.26 -1.94 -0.03%, CAC 40  3,411.54 +6.27 +0.18%, DAX 6,754.2 -10.63 -0.16%

BMW, the world’s biggest maker of luxury cars, slid 2.7 percent to 68.82 euros, snapping a five-day advance, and Renault SA retreated 1.3 percent to 36.58 euros.

Rio Tinto, the world’s third-largest mining company, fell 2.3 percent to 3,854 pence and Eurasian Natural Resources Corp. dropped 3 percent to 700 pence.

Automakers and mining companies were the two worst performing group of 19 industries in the Stoxx 600 today.

Swatch declined 4.2 percent to 397.40 Swiss francs after reporting 2011 operating profit of 1.61 billion francs ($1.75 billion), missing the average projection in a survey of 1.67 billion francs.

U.S. stocks advanced, sending the Dow Jones Industrial Average to its highest level since May 2008, as Greece made progress on measures to secure international aid.

Greek Prime Minister Lucas Papademos postponed a meeting with heads of the political parties supporting his caretaker government a second time in as many days as the government and international creditors haggled over terms to secure a second aid package. Papademos will meet with the leaders in Athens tomorrow, instead of tonight as previously scheduled, a spokeswoman for his office said. In the U.S., consumer borrowing rose more than forecast in December.

Dow 12,878.20 +33.07 +0.26%, Nasdaq 2,904.08 +2.09 +0.07%, S&P 500 1,347.05 +2.72 +0.20%

McDonald’s added 1.4 percent, the most in the Dow, to $100.91. It may say tomorrow that sales at global stores open at least 13 months gained 5.8 percent in January, according to the average estimate of six analysts surveyed by Bloomberg News.

Yum gained 2.6 percent to $64.85. The company, with about 18,800 restaurants outside the U.S., said fourth-quarter sales at stores open at least 12 months grew 21 percent in China. Yum said it opened a record 656 stores last year in the Asian nation, where it gets more than 40 percent of its revenue.

Anadarko climbed 5.2 percent to $87.21. Output rose 12 percent to the equivalent of 683,000 barrels of oil a day during the last three months of 2011, The Woodlands, Texas-based company said. Sales volumes climbed to 63 million barrels at an average price of $104.82 a barrel of oil and condensate, more than the $98 estimate from Raymond James & Associates Inc.

Becton Dickinson & Co. slipped 3.8 percent to $77.51. The maker of medical devices and supplies cut its forecast for 2012 to no more than $5.70 a share, below an earlier projection of as much as $5.85 and the average analyst estimate of $5.80.

Change % Change Last

Oil $98.66 +0.25 +0.25%

Gold $1,748.10 -0.30 -0.02%

05:00 Japan Eco Watchers Survey: Current January 47.0 47.6

05:00 Japan Eco Watchers Survey: Outlook January 44.4

06:45 Switzerland Unemployment Rate January 3.1% 3.1%

07:00 Germany Trade Balance December 15.1 14.1

13:15 Canada Housing Starts January 200 192

15:30 U.S. EIA Crude Oil Stocks change 03/02/12 +4.2

21:45 New Zealand Employment Change, q/q IV quarter +0.2% +0.4%

21:45 New Zealand Unemployment Rate IV quarter 6.6% 6.5%

23:50 Japan Core Machinery Orders December +14.8% -4.3%

23:50 Japan Core Machinery Orders, y/y December +12.5%

The euro rose to the highest in eight weeks against the dollar as Greek officials and creditors worked on the final draft of an agreement on budget and structural measures needed to free up a second aid package. The 17-nation currency strengthened as Prime Minister Lucas Papademos prepared to meet with the European Commission, the European Central Bank and the International Monetary Fund to put the final touches to the document. The euro pared its gains against the dollar after a government spokeswoman said a meeting between Papademos and the leaders of the three parties supporting his government was postponed to tomorrow morning. Papademos was meeting with Charles Dallara, managing director of the International Institute of Finance, and Deutsche Bank AG Chairman Joseph Ackermann on details of a debt writedown, said the spokeswoman.

The Dollar Index fell to its lowest since December as stocks and commodities erased earlier losses.

The yen fell against all its major counterparts as implied volatility of three-month options for Group of Seven currencies fell to almost a 10-month low, according to the JPMorgan G7 Volatility Index. A decrease makes investments in currencies with higher benchmark lending rates more attractive as the risk in such trades is that market moves will erase profits.

European stocks declined for a second straight day as Greek talks on measures needed to get a second bailout continued and China said industrial-output growth is likely to slow.

Greek Prime Minister Lucas Papademos is convening the nation’s political leaders to seek consensus on the cuts required for another European Union-led bailout. Officials are working on the final draft of the document listing the budget and structural measures required to receive international funding, a government official said.

BMW, the world’s biggest maker of luxury cars, slid 2.7 percent to 68.82 euros, snapping a five-day advance, and Renault SA retreated 1.3 percent to 36.58 euros.

Rio Tinto, the world’s third-largest mining company, fell 2.3 percent to 3,854 pence and Eurasian Natural Resources Corp. dropped 3 percent to 700 pence.

Automakers and mining companies were the two worst performing group of 19 industries in the Stoxx 600 today.

Swatch declined 4.2 percent to 397.40 Swiss francs after reporting 2011 operating profit of 1.61 billion francs ($1.75 billion), missing the average projection in a survey of 1.67 billion francs.

U.S. stocks rose, sending the Dow Jones Industrial Average above its highest closing level since May 2008, as Greece made progress on measures to secure aid.

Greek Prime Minister Lucas Papademos will issue a statement tonight at the conclusion of a meeting with the three leaders of political parties on measures and policies Greece has agreed in return for a second financing package, a spokeswoman at the premier’s office in Athens said. The spokeswoman said the Cabinet would meet tomorrow at around midday to approve the accord and that a meeting of euro area finance ministers was likely to be held Feb. 9 on the bailout agreement.

Dow 12,885.58     +40.45 +0.31%, Nasdaq      2,908.52       +6.53   +0.23%, S&P 500   1,347.84       +3.51         +0.26%

Coca-Cola added 1.2 percent to $68.83. Chief Executive Officer Muhtar Kent is expanding sales of beverages in Asia with global marketing campaigns and products such as its Minute Maid Pulpy juice drink. Fourth-quarter sales volume climbed 5 percent in Japan and 10 percent in China.

Yum rallied 2.5 percent to $64.75. The company, with about 18,800 restaurants outside the U.S., said fourth-quarter sales at stores open at least 12 months grew 21 percent in China. Yum said it opened a record 656 stores last year in the Asian nation, where it gets more than 40 percent of its revenue.

Walgreen erased 1.8 percent to $33.66 after being cut to ‘‘sell’’ from ‘‘neutral’’ at Citigroup.

Becton Dickinson slid 3.7 percent to $77.53. The company cut its forecast for 2012 to no more than $5.70 a share, below an earlier projection of as much as $5.85 and the average analyst estimate of $5.80.

Oil rose as the dollar weakened after Federal Reserve Chairman Ben S. Bernanke said that the jobs market is far from healthy. The dollar fell to the lowest level against the euro since Dec. 12 after Bernanke said the U.S. has a long way to go before the jobs market operates “normally,” in testimony prepared for the Senate Budget Committee.

West Texas Intermediate crude gained at a faster pace than North Sea Brent in London, reducing the European benchmark’s premium over New York oil for the first time in nine days. The dollar fell on Bernanke’s comments and signs that Greece is near a debt agreement.

Oil fell as much as 1.1 percent earlier as U.S. crude inventories climbed to the highest level in more than four months in a survey before an Energy Department report tomorrow.

Oil for March delivery rose to $99.13 a barrel on the New York Mercantile Exchange after falling to $95.84. Prices have slipped 23 cents this year.

Brent oil for March settlement gained 73 cents, or 0.6 percent, to $116.66 a barrel on the London-based ICE Futures Europe exchange.

EUR/USD $1.3000, $1.3150, $1.3170, $1.3200, $1.3250, $1.3300

USD/JPY Y76.00, Y76.40, Y76.75, Y76.85, Y77.00

AUD/USD $1.0800, $1.0700, $1.0650

EUR/CHF Chf1.2050

GBP/USD $1.5850, $1.5750, $1.5650, $1.5625

AUD/NZD NZ$1.2800

EUR/JPY

Offers Y102.45/50, Y101.40/45

Bids Y100.05/00, Y99.90/85, Y99.60

EUR/USD 

Offers $1.3300, $1.3260/80, $1.3250, $1.3200/20, $1.3180

Bids $1.3060/50, $1.3020, $1.3010/995

Resistance 2 : $1.5890 (area of Nov 18 and Feb 1 high) Resistance 2 : $1.5860 (Feb 2-3 high) Resistance 1 : $1.5840 (session high, Feb 6 high) Current price: $1.5812 Support 1 : $1.5790 (session low) Support 2 : $1.5730 (Feb 6 low) Support 3 : $1.5700 (Feb 1 low)

EUR/USD $1.3000, $1.3150, $1.3170, $1.3200, $1.3250, $1.3300

USD/JPY Y76.00, Y76.40, Y76.75, Y76.85, Y77.00

AUD/USD $1.0800, $1.0700, $1.0650

EUR/CHF Chf1.2050

GBP/USD $1.5850, $1.5750, $1.5650, $1.5625

AUD/NZD NZ$1.2800