US stock indexes showed a decrease on the background of statistics on the labor market in the country. Unemployment in the US fell by 0.2% in February to 5.5%, which was also 0.1% better than analysts' expectations. The number of jobs outside the agricultural sector was 55 better than expected and totaled 295 thousand. This fact increased the likelihood of an earlier Fed raising interest rates, which was negatively displayed on the stock indexes of the country. Today we can see a small correction on the background of the lack of important statistics, but we expect a further fall on the market in the near future.
European stocks showed no unified dynamics in the last trading session of the week. Eurozone GDP growth was 0.3% in the 4th quarter of the last year, in line with analysts' expectations. Investors today were disappointed by the data on the trade balance of Germany, whose surplus totaled 19.7 billion in January, which is 0.7 billion better than analysts' expectations. Traders watch the news of the meeting of Eurozone finance ministers which will discuss the Greek crisis and quantitative easing program, which starts today. Our medium-term outlook for European markets remains positive.
Markets in the Asia-Pacific region showed a drop amid falling US stock indexes. It is worth noting that the decline in the Tokyo market was also due to the need of technical correction after strong growth in recent weeks. Investors were disappointed by data for GDP growth in Japan, which is in the 4th quarter was 0.4%, which is 0.1% worse than analysts' expectations. Tomorrow we should pay attention to the statistics on the consumer price index in China and orders for machinery equipment in Japan. We maintain a positive medium-term outlook for markets in the region, but a correction is likely to continue in the near future.