10.11.2014 - Traders fixed positions after the data on the US labor market
US stock indexes finished the last trading session near the previous close levels. The main event of last week was the data on the US labor market. Thus, the unemployment rate fell by 0.1% to 5.8%, the lowest level since 2008. At the same time, the number of new jobs was 214 thousand, compared with an expected 235 thousand, while wages increased by 0.1%, which is two times less than the forecast. Today in the US is not expected to be released an important macroeconomic statistics, and tomorrow in the country is a day off. In this regard, we expect low activity of investors today and save midterm negative outlook.
European stock markets showed weakness in the last trading session of the week. The exception was the British stock market, which has grown despite the increase in the trade deficit of the country of 9.8 billion, that is 0.8 billion more than in the previous period. German and French stocks fell on weak data on the growth of industrial production in Germany by 1.4%, which is 0.7% less than analysts' forecasts. In Europe, has reported about 70% of corporations and about 59% showed better results than expected. Today it is worth paying attention to the data on the index of investor confidence for November (9:30 GMT). We maintain a medium-term negative outlook on the stock markets in the region.
Most markets in the Asia-Pacific region today showed an upward dynamics, driven by positive statistics on China's trade surplus, the surplus of which rose to 45.4 billion in October, compared to 31.0 billion in the previous month. Today also was published the data on consumer inflation in China, which has remained at 1.6%, and the producer price index, which in October was 2.2%, which is 0.3% less than the forecast. The strengthening of the yen resulted in correction in the Japanese stock market. Given the improved performance of the Chinese economy, we note a decrease in the potential of falling, but keep medium-term negative outlook on the markets in the region except the Japanese.