American stocks fell yesterday against the backdrop of falling oil prices, but oil futures today will support the resumption of the purchases in the United States. It is worth noting that yesterday was published data according to which the number of initial unemployment claims in the US totaled 267 thousand, which is 9 thousand less than the previous figure. In the near future volatility on the markets can grow strongly after the current consolidation. Uncertainty holding back growth on the markets. Investors are waiting for the beginning of the corporate reporting season, during which the decline in corporate profits is likely to continue. We forecast a drop on the markets of the country in the coming months.
European stocks showed a positive trend following the increase in oil futures after the recent decline. In addition, investors' optimism has strengthened amid the publication of minutes of the previous meetings of the ECB, according to which the central bank of the Eurozone has tools to stimulate economic growth. Today was published important statistics on industrial production in the UK, the volume of which fell by 0.3% against the forecast of growth by 0.1% in February. At the same time, the trade deficit totaled 12.0 billion compared to the forecast of 10.3 billion. Given the risks associated with the exit of the UK from the European Union, we expect a decrease in the near future, but the medium-term outlook remains negative.
Markets in the Asia-Pacific region showed an increase with the exception of the Shanghai index. Correction of the Japanese yen prices after a strong strengthening of the previous days was the main driver of growth of the Japanese indices. In addition, today was published positive data on Japan's balance of payments in February. Thus, the surplus totaled 1.73 trillion yen against the forecast of 1.57 trillion yen. The consumer confidence index in March rose to 41.7, against 40.1 in February. The strong yen will put pressure on the Japanese market, but high probability of correction in the near future, is one of the incentives for the resumption of growth in the near future. We maintain our medium-term positive outlook, but we can see a decrease of the region's markets in the near future.