American stocks fell yesterday against the background of falling oil prices after strong growth in the previous weeks, as well as statistics on the deterioration of the trade balance in China, which increased concerns about global economic growth. Yesterday was published statistics on the index of optimism in the US small business, which fell to 92.9 vs. expected 94.5. Today will be published statistics on wholesale inventories in the US (15:00 GMT). Traders are in no hurry to accumulate positions ahead of tomorrow's ECB’s meeting, the results of which may lead to a rise in US stock markets. Despite this, there is a possibility of falling prices in the coming weeks.
European stocks rose today against the background of positive expectations for the ECB meeting tomorrow where may expand the program of quantitative easing by 10-20 billion euros against the current monthly volume of asset purchases by 60 billion. Deposit ECB interest rate can also be reduced by 0.1% to -0.4%. In this case, we expect to see growth on the stock markets of the region. Today, in the UK have been published the data on industrial production, which rose in January by 0.3%, against a decline of 1.1% in December. We expect growth on the stock markets of the region in the coming days.
Major stock indexes in Asia and the Pacific declined with the exception of Australia. The stock markets of China fell amid data on trade balance, which was published yesterday. Important statistics on industrial production will be published on Saturday. The Japanese market was influenced by the strengthening of the yen against the US dollar, which displayed a negative impact on the value of shares in export companies. Tomorrow we should pay attention to the statistics on inflation in China. Markets in the region have the potential for growth, and for this is necessary reduction of concerns about the situation in China.