USD

yesterday's collapse of Asian stock markets, as well as the London Stock Exchange closed only increased volatility in the last day of the month and the last day of summer. It would seem that all this would cause a surge in flight from risky assets and the demand for the dollar, but no such luck ... A wave of profit in fixing the end of the month caused a weakening of the bucks, although we can not say that the movement was tremendous. Posted this morning a report on business activity in the manufacturing industry in China did not cause the burst of emotion, despite the fact that demonstrated the highest growth in 16 months, confirming a general suspicion that the economy is Celestial Empire begins to build momentum.

As for the U.S., there is the manufacturing industry also feels good. Data from Chicago, New York and Dallas have shown an unexpected capacity. Business activity in New York rose in August for the first time in the past three months. The index of current business conditions compiled by NAPM-New York, rose in August to 55,3 pkt. against 48,3 pkt. in July and 44,8 pkt. in June. Chicago PMI index rose to 50, and is the maximum since September last year, from 43.4 in July. Rather, it is the automakers would contribute to the restoration of activity in the manufacturing sector in the coming months, as the program of the American government Money for jalopy contributed to a decline in stocks of automobile dealers.

Thus, one can expect that the national ISM will show good results (to be published today). By the way, do not forget in a report to draw attention to the index of employment - we are already beginning to collect data by Friday. Among other things, will also be published for expenditure in the construction sector and the pending transaction on sales in the secondary housing market. Given the recent storm of positive, resulting from the housing market, we continue to pay attention to these reports. Increases only strengthen the hope that the concerns the industry still groping for a bottom.

EUR

flows on profit-taking helped the euro to hold its position against the dollar. In addition, the positive contribution made and unexpectedly exceeded the forecasts of inflation data. Eurozone consumer prices in August compared with the previous year reflected the decline of 0,2%. Thus, inflation has slowed not so much as in the previous month (-0.7% in July), and even exceeded the forecasts of some analysts, who expected the recession to 0.4%. The ECB expects that the annualized price growth will resume in the next few months, mainly due to the fact that excessively high prices for energy, which was recorded in 2008-th year, will not be included in the statistics. Moreover, the Italian consumer prices in August broke the trend decline that lasted 12 months, entrenched by 0,2% y /y and 0.4% m /m, which was the strongest rise since July of the year 2008.

Today we will see data on the German labor market and consumer spending. According to recent reports PMI, reduce the workforce in the manufacturing sector is not as fast as before, and the scope of services and does start to hire new employees. Do not think that rates will somehow affect the dynamics of exchange. Most likely, the markets are waiting policy speech Trichet after the rate decision. As we remember, at a symposium in Jackson Hole, he did not share the optimism Bernanke, so will be interesting to see what he can offer onits part.

GBP

British bank holidays and does restrict the activity of a pound, although he was able to recover slightly in the general sales dollar. Given that this week we do not get the meeting at the rate of the Bank of England, the British currency, is likely to move over to the general market sentiment. Today's releases do not have great importance, but to date, you should not neglect any indicators of the economy. Interest will provide data on business activity in the manufacturing industry (continue to monitor the index - can the above 50 points), as well as reports on consumer credit and money supply.

Head of the Board of Naftogaz of Ukraine headed nabsoveta Ukrgazbanka
AMC: The rising price of sugar in Ukraine shifted lower
Ukraine has resumed exports of electricity to Poland
Machine-builders reduce imports

Metal foreign producers are less buyers in Ukraine ...

Equity in the Asia-Pacific area plus on Tuesday on the growth of industrial production in China
Recommendations for market shares: LUKoil, Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
In September, the market will be actively influence statistics, which goes to America almost every day
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Review of the FOREX market for 31.08.09