Futures on US stock indexes are rising after a slight decline was recorded yesterday. The reason for today's growth was the fixing of the positions of investors before the speech of the Fed's chairwoman Janet Yellen (15:00 GMT). In the case of dovish rhetoric regarding plans to raise interest rates in the US, stock indexes will rise. On the other hand pay attention to the assessment of the current state of the US economy and the risks to its future growth. On Friday will be published statistics on retail sales in the US, which can greatly affect the dynamics of trading. Our forecast for the coming months remains negative, despite the likely upward correction in the near future.
Major European stock indexes rose amid a sharp rise in prices for shares of the banking sector, after Deutsche Bank stated about the repurchase of debt. It is worth noting that the recent decline in the banking sector by 30% since the beginning of the year was caused by the instability on the markets, lower oil and investors' concerns about bank balance sheet. Today in the UK was published weak data on industrial production, the volume of which fell by 1.1% in December against the forecast of decline by 0.1% in December. Investors are waiting for the publication of statistics on the growth of euro area GDP for the 4th quarter. Our medium-term outlook remains positive, but we do not exclude the fall in the markets of the region in the near future.
Markets in the Asia-Pacific region today showed a decline following the American markets and against the background of falling oil prices. It is worth noting that the Chinese markets will be closed until the end of this week. On the Australian assets put pressure lower prices for export commodities like iron ore and coal, but gold mining companies show a positive trend after the price of gold. Strengthening of the yen is negative for Japanese exporters. Tomorrow we expect a strong growth on the markets following the increasing optimism in the US and Europe. The Japanese market has significant potential of increase, but tomorrow in the country a day off.