11.03.2015 - Macro data from China disappointed investors
Major US indexes continue to decline amid speculation the Fed on raising interest rates the in the US this summer. Another negative factor was the increase in concerns about Greek debt restructuring. The index of small business optimism was 98.0 in February, compared with an expected 99.2. Today, the course of trading will affect news on the results of stress tests of major US banks (20:30 GMT). Our medium-term negative outlook remains positive, but correction of indexes is likely to continue in the near future.
European stocks continue to decline amid uncertainty on the Greek crisis. Negative factor for the market also remains the fall in the US stock markets, which led to an improvement in investor sentiment globally. Today negative for the market was the news on the industry in China, which shows a slowdown. The course of trading today will be affected by the data on industrial production in the UK, which showed a decline of 0.1% in January, against the expected growth of 0.2%. Also, we should pay special attention to the forecast of growth GDP of Great Britain (15:00 GMT). It should be noted that the launch of quantitative easing in the Eurozone will continue to support the major European indexes.
Markets in the Asia-Pacific region showed no unified direction of trading. Negative for the market was the data from China. Thus, the industrial production growth rate slowed in January to 6.8%, against 7.9% in December. The volume of investments in capital assets showed an increase of 13.9% versus the expected 15.1%. Consumer confidence in Australia in March fell by 1.2%, against growth of 8.0% in the previous period. At the moment the mood of investors in the region depend on the external factors from the United States, expectations of new measures to stimulate the Chinese economy and commodity prices. We maintain a positive medium-term outlook for the markets of the region, but we can see a drop in the near future.