06.02.2015 - Data on the US labor market will be in focus of investors
US stock indexes yesterday showed strong growth due to lower concerns about the Greek crisis. At the same time, the market growth was caused by a strong increase in oil prices, the volatility of which remains at a very high level. Bulls were supported by the news on the number of initial unemployment claims in the United States which have made 278 thousand against the expected growth to 287 thousand. Today is expected the release of data on the number of new jobs in non-farm payrolls and the unemployment rate in the United States (13:30 GMT). We expect improvement of this statistic that support the growth of the markets. Our long-term outlook for the US stock market remains positive.
European stocks yesterday, have not changed. On the one hand the mood of investors are under the pressure of the Greek debt crisis, but on the other hand, yesterday was published positive data on the growth of industrial orders in Germany by 4.2% in December, and today was released a report according to which industrial production in Germany, which is the largest economy of Europe grew by only 0.1%, which is 0.3% less than the forecast. The dynamics of trading today will depend on labor market data in the US (13:30 GMT). Our medium-term outlook remains negative due to the launch of quantitative easing in the euro area in March.
Markets in the Asia-Pacific region showed multidirectional dynamics. The Japanese market has been supported by a positive mood at the US stock markets, which in the near future can upgrade highs. At the same time, the Chinese market declined during the trading session. Reserve Bank of Australia published a report on monetary policy according to which the country's economic growth forecast lowered to less than 3.0%, which is considered necessary growth rate to reduce unemployment. On Monday, will be published a large block of statistics in Japan, and the Chinese market will be affected by the data on the trade balance of the country. We expect growth on the stock markets in the region, but the negative trends in China, could lead to a change in our expectations.