The American stock market showed a decline amid falling oil prices. The instability on the stock markets of the world and the fall of commodity prices continues to put pressure on investor sentiment. The deterioration of macroeconomic data in the US also strengthens the bears. Today, the dynamics of trading will affect the news on non-productive activity in the US (15:00 GMT). Traders are waiting for the publication of a report on the US labor market, which will lead to an increase in volatility on Friday. We expect a decrease on the stock markets of the country in the coming months.
Major European stock indexes fell yesterday amid falling oil prices and weak corporate reporting. News on the reduction of unemployment in the euro area by 0.1% to 10.4% in December, could not change the pessimistic mood. Concerns about slowing growth in China and the deterioration of macroeconomic indicators in the US negatively affect investors' expectations. It is worth noting that in the near future, the growth of the European market will be supported by speculation about additional measures to stimulate the economy of the Eurozone by the ECB. Today in the euro area have been published news on retail sales in the euro area, which in December rose by 0.3, which is 0.1% less than the forecast. Our medium-term outlook for European markets remains negative, despite a possible reduction in the near future.
Markets in the Asia-Pacific region are declining on the background of falling oil prices and fears of investors before weekly holidays in China on the occasion of the New Year according to the lunar calendar. The strengthening of the yen against the background of growing interest in defensive assets has led to lower shares of export-oriented companies in Japan. Consumer confidence in Japan in January decreased by 0.2, to 42.5. We expect increased volatility to the end of the week. The greatest potential for growth in the near future has the Japanese market.