12.02.2015 - Agreement on a cease-fire in Ukraine supported stock indexes
US stock indexes finished yesterday's trading session around the previous close levels. Analysts were in no hurry to build up positions before the EU summit at which will consider on the Greek crisis. Today, the focus of investors will be on the data on retail sales, the US labor market (13:30 GMT) and inventories of companies (15:00 GMT). Investors continue to monitor the corporate reporting in the US, which supports the growth of US equities. We expect increase on the American market in the long term, but we can see the correction in the near future.
European stock indexes have shown a slight decline yesterday amid expectations of the EU summit at which is considered the Greek crisis. Investors are waiting for further statements regarding the future of Greece and the possible consequences for the financial system of the EU and the euro area. A positive today was the outcome of the talks in Minsk, in which participated the President of Ukraine, Russia, France and the German Chancellor, and according to which in the east of Ukraine should cease military engagements. At the same time, the volume of industrial production in the euro area remained unchanged in December, despite a growth forecast of 0.3%. The Bank of England said the likely increase in interest rates, which led to the strengthening of the British pound, but can be negatively displayed on the stock market. We maintain a positive medium-term outlook for European stocks.
Markets in the Asia-Pacific region showed a positive trend with the exception of the Australian shares. Growth on the Tokyo market was triggered by the weakening of the yen. At the same time statistics on orders for machinery equipment in January has shown slowdown in growth to 20.4% compared to the same period last year, against 33.9% in December. Statistics on the labor market in Australia, where the unemployment rate rose by 0.3% to 6.4%, while the number of employed decreased by 12.2 thousand, compared with an expected 4,7 thousand, resulted to the sale on the stock market. Negative also was the fall in commodity prices. We maintain a long-term positive outlook for the markets of the region, but we can see a drop in the near future.