Crude prices are likely to hold above $80 a barrel in the near term if Wednesday’s inventory data shows continued improvements in U.S. energy demand, said analysts at Credit Suisse in a note to clients.

For years most countries used the dollar as the major currency in its foreign currency reserves, but after the economic changes through the years countries started to shift their assets to more of diversified portfolios.

European markets have opened the week on a slight bid tone on a more positive climate affected by the two major factors that were driving the market through the previous months.

The rising demand for the Chinese goods all over the world raised economists expectations that China’s GDP growth could be over 10% this year. It seems that China’s has concerns about the increasing inflation and more boosts in the manufacturing sector would expose its economy to the threat of soaring prices.

Bank of Canada left today the benchmark interest rates steady at 0.25 percent in line with estimates, as the Canadian economy is still recovering from recession.

In assuring the importance of political stability on any country’s economy, the market has been driven the past weeks by several political factors and dynamics. On top of the list is the pound, which dropped for a sixth day versus the dollar amid concern U.K. citizens will struggle to elect a government strong enough to reduce the country’s debt.

China has begun to suffer from the problem that there is too much demand for its manufactured goods. The New York Times reports that there is a major shortage of workers for factories in the People’s Republic.

Euro declined from yesterday’s high at 1.3625 finding support at 1.3450 along with a decline in the Euro-Zone’s consumer confidence, as forecast, to -17 in February from -16 in January. This is the first step backwards for the indicator which had been on an upwards climb since March 2009’s low of -34.

After increasing predictions that unemployment is improving in the U.S. economy and recording low lying off rates along with lower levels of jobless claims; here appears another blow to this notion that unemployment is improving.

Janet Yellen, the president of the San Francisco Federal Reserve Bank stressed that the Federal Reserve should keep interest rates as close to zero as possible for the foreseeable future.