08.02.2016 - Chinese markets are closed this week

Futures on US stock indices show a decline amid falling European stock markets, which continue to decline the stocks of banks. At the same time it is worth noting the negative impact of low oil prices. Markets in China are closed for a week in connection with the celebration of the New Year according to the lunar calendar. On Friday will be published data on the US labor market, where the number of new jobs was 151 thousand in January, against 262 thousand in December. At the same time, the decline in unemployment from 5.0% to 4.9% and the increase in the average hourly wage of 0.5%, positively displayed on the investors' expectations. Investors are waiting for the speech by Fed Janet Yellen in Congress on Wednesday and Thursday. We expect a further decline in the stock markets of America in the coming months.

European stock indices are still showing a negative trend against the background of continued negative dynamics of the banking sector shares, which is caused by negative reports for the 4th quarter of 2015 and for the year as a whole. Today was published weak data on the index of investor confidence in the euro area, according to which the index fell to 6.0 in February from 9.6 in January. Tomorrow we should pay attention to the data on the trade balance of the United Kingdom and Germany. Volatility on the market is likely to continue in the near future and the fall may continue. In the medium term we expect the resumption of growth.

Markets in the Asia-Pacific region continues to be under the pressure of instability in China. This week, China's stock markets will be closed because of the New Yearaccording to the lunar calendar. The Australian market is under the pressure from falling commodity prices. Japanese indexes restored positions amid the weakening of the yen. In addition, the positive factor was the increase in the balance of payments surplus in December to 1.64 trillion yen versus 1.42 trillion yen in November. Tomorrow will be published important data on the volume of orders for engineering equipment in Japan. The fall in the markets may continue in the near future, but we maintain the medium-term outlook on the Japanese market.

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