08.12.2014 - European indexes are corrected after a strong growth on Friday
US stock indexes finished the last trading session of the week with a slight increase. The reason for the positive has become the labor market data in the US for the last month. So the unemployment rate was 5.8%, as in the past month, but the number of new jobs outside the agricultural sector has increased to 321 thousand against the expected 231 thousand. At the same time, the volume of factory orders declined by 0.7% in October. Analysts predicted changes. Given the weak growth in spite of the positive on the labor market, we expect an early start of a downward movement in the absence of new drivers for growth. Our medium-term outlook remains negative.
European stock markets showed strong growth on Friday on expectations of the launch of quantitative easing after the ECB meeting in January 2015. In addition, the positive was the information about the growth of industrial orders by 2.5% in Germany, in October, against the expected 0.6%. GDP of Eurozone for the 3rd quarter showed an increase of 0.2%. Statistics from the United States also supported the investors. Today, we can see a correction after the strong growth in the previous trading session. Industrial production in Germany rose in October by only 0.2%, in line with expectations, while the index of investor confidence improved to -2.5 in December, against 11.9 in November. The growth in the near future will be limited and there is a possibility of declining of the markets in the medium term.
Most indexes of the Asia-Pacific region today show an upward trend after the positive statistics on the US labor market. In addition, investors have been supported by the news about the growth of China's trade surplus, which in November rose to 54.5 billion, compared with an expected 44.3 billion. Japan's balance of payments in October rose to 0.95 trillion, compared with an expected 0.46 trillion. At the same time, Japan's GDP declined in Q3 by 0.5%, compared with an expected decline of 0.1%. We maintain our medium-term negative outlook on the markets in the region, except for the Japanese.