09.05.2016 - Sentiment on markets has improved
American stock indexes showed gains on Friday despite a minimal increase in the number of jobs outside the agricultural sector. Thus, the figure was 160 thousand in April against the forecast of 203 thousand. At the same time, the unemployment rate remained at 5.0% and the average hourly wage increased by 0.3%. Strong influence on the course of trading this week will be have the retail sales data in the US that will be published on Friday. Investors continue to monitor the corporate reporting season and rising oil prices. Our forecast for US indices in the near future remains negative.
European stock indexes today show growth following the increase in commodity markets. It is worth noting that the conflicting data from China failed to lead to a reduction in the European markets. Among the important news should be noted the increase in the volume of industrial orders in Germany by 1.9% in March, versus declines of 0.8% in February. In addition, investors' confidence index from Sentix in May rose to 6.2, which is 0.5 more than in April. Tomorrow will be published statistics on industrial production in Germany and France, which will affect the trading dynamics. Investors continue to monitor the situation on the commodity markets. Our medium-term outlook for the region's markets remains positive, but we can see a decrease in the coming weeks.
Markets in the Asia-Pacific region were moving in different directions. The Japanese market was supported by the yen decline. At the same time, according to the minutes of the previous meeting of the Bank of Japan forecast of reaching the inflation target of 2.0% can be changed to a more extended period. It should be noted that exports from China fell by 1.8% and imports decreased by 10.9%, deteriorating expectations regarding the state of the Chinese economy. The Australian market was supported by the rise in prices for commodities, which is a key export group for the country. Our medium-term outlook for the region's markets is positive, but we expect a decline in the index in the short term.