Currencies

• EUR/USD The euro had a quiet trading day yesterday as the range levels remained unchanged, the euro against the greenback was ranging between high of 1.2788 and low of 1.2710.
  • During the Asian session the pair came to life after China reported that its economy grew at a strong pace, at the moment of writing this report the pair is trading at 1.2771, where we have the first major support level at 1.2813.

• USD/CAD Canada's dollar reached the strongest level in two weeks against its U.S. counterpart as faster-than-forecast growth in China bolstered demand for higher-yielding assets.
  • Canada's currency touched C$1.0113 per U.S. dollar, the strongest since Jan. 4. It ended 0.3 percent higher at C$1.0151 in Toronto.

Commodities

• Oil rose for a second day after Iran cautioned Saudi Arabia against increasing supplies if sanctions are imposed on Iranian exports, while signs of economic growth in the U.S. and Germany bolstered bets fuel demand may increase.
  • Crude for February delivery rose as much as 72 cents to $101.43 a barrel in electronic trading on the New York Mercantile Exchange.

• Gold rose for a third day, climbing alongside other commodities including copper, as the dollar weakened before data forecast to show signs of economic recovery.
  • Spot gold gained as much as 0.4 percent to $1,658.45 an ounce and traded at $1,654.48 at 1:40 p.m. in Singapore

Equities

• Asian stocks rose, with a regional benchmark index set for the highest close in six weeks, as economic reports in the U.S. and Germany beat estimates and oil prices gained.
  • Japan's Nikkei 225 Stock Average rose 1 percent.
  • Hong Kong's Hang Seng Index lost 0.1 percent.

• U.S. stocks advanced, sending the Dow Jones Industrial Average to the highest level since July, after reports bolstered optimism in the American and German economies and Spain's borrowing costs decreased at an auction.
  • The S&P 500 increased 0.4 percent.
  • The Dow rose 60.01 points

• European stocks -index futures erased their losses, with contracts on the Euro Stoxx 50 Index trading little changed.
  • Futures on the Euro Stoxx 50 advanced less than 0.1 percent.
  • FTSE 100 Index futures declined 0.2 percent.

Sources: Bloomberg, FT