10.03.2016 - Traders are waiting for the news from the ECB

US stock indexes have not changed due to the expectation of today's decision of the ECB on monetary policy. In case of extension of stimulus measures, we will see the growth of stock markets. Support for US investors also became the rise in oil prices, which has supported the growth of the energy sector shares. Today, in addition to news from Europe is worth paying attention to the statistics on the number of initial unemployment claims in the US (13:30 GMT) and the report on the US federal budget (19:00 GMT). Today there is a likelihood of a sharp rise on the markets, and we expect a strong movement in the near future.

European stocks showed a slight decline today against the background of fixing positions ahead of the ECB’s interest rate decision (12:45 GMT) and a press conference by ECB President Mario Draghi (13:30 GMT) with respect to monetary policy settings. Strengthening incentives would be a reason for the continued growth of the stock markets in the region. It is worth noting that today was published weak data on German trade balance surplus in January, which was 18.9 billion euros, that is 1.4 billion less than in the previous period. Our medium-term outlook remains positive, and today we can see the growth on the stock markets.

Major stock indexes in Asia and the Pacific today, did not show uniform dynamics. The fall of the yen supported the Japanese market. In China, has been published statistics on the consumer price index, which rose to 2.3% in February compared to the same period last year, against the forecast of 1.8%. This fact is explained by the rise in food prices before the New Year according to the lunar calendar. Tomorrow will be published statistics on the index of business sentiment in Japan's large industrial companies. On Saturday will be published important data on industrial production in China. Our medium-term outlook for the region's markets is positive.

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