American stock indexes have not changed despite the publication of data on factory orders in the United States, which grew by 10.5%, against an expected growth of 10.9%. It is worth noting that a similar figure with the exception of the transport component fell by 0.8%. Investors expect ECB's statement on monetary policy and the release of data on the labor market in the United States today (12: 15-12: 30 GMT) and tomorrow. We should also pay attention to the non-manufacturing PMI in the USA (14:00 GMT). The focus of investors remains on the tense situation in the east of Ukraine. Our medium-term outlook remains negative due to the overvaluation of the market.
Major European indexes yesterday showed growth on the agreements of the presidents of Ukraine and Russia to facilitate a ceasefire in the east of Ukraine. In addition, investors expect statements of the Bank of England and the ECB on monetary policy. Today, it is expected that the ECB will show schedule the TLTRO auctions on providing ultra-long loans for 400 billion euro. Also today, we should pay attention to the retail PMI in Eurozone (8:10 GMT). We expect increased volatility today in connection with the meeting of the ECB and despite a mid-term negative outlook we expect growth on the markets in the near future.
Markets in the Asia-Pacific region ended the day near the previous close levels despite the statement by the Bank of Japan, in which was noted the weakness in the industry and the housing market in the country. Chinese indexes rose slightly and expect the ECB decision on monetary policy, which can support the growth of consumption of Chinese products in the region. In Australia, was released the data on reduction of the trade deficit to 1.36 billion, against an expected growth to 1.77 billion. Further movement of the indexes in the region will affect labor market statistics in the United States and the movement on the American markets.