US stock indexes showed growth despite the negative impact of low oil prices. The leaders of growth were the health sector. It is worth noting that after the sharp decline last week, investors have started to fix the position, which supported the bulls, who have started cautious buying on the background of the stabilization of the situation in China. The index of optimism in the US small businesses rose to 95.2 in December, which is 0.4 better than in the previous month. Today, the price movements can affect the publication of the Beige Book (19:00 GMT) and statistics on oil and petroleum products in the US (15:30 GMT). The current correction may continue in the near future, but we expect a further fall in US equity markets.
European stocks today show strong growth amid a global improvement in investor sentiment due to the stabilization of the situation in China. Despite this, the situation remains uncertain and the fall may resume. Today was published statistics on industrial production in the euro area, which declined in November by 0.7%. A similar decline was recorded in the UK, which was negatively displayed on the stock markets in the region in future periods. Tomorrow will be published the minutes of the previous meeting of the ECB, which can support the optimism of investors. Our medium-term outlook for the stock indexes in Europe remains positive.
Major stock indexes in Asia and the Pacific, with the exception of Shanghai, showed strong growth today thanks to the publication of positive statistics on China's trade balance, whose surplus rose to 60.1 billion dollars in December against 54.1 billion dollars in November. Exports from China grew by 2.3% in December, against -6.8% in November. In addition, the PBOC intervened on the offshore market for the equalizing of the exchange rate of yuan in Hong Kong and Shanghai. The weakening of the yen helped Japanese assets to show strong growth. We expect a correction after a strong decline, but volatility on the markets of the region will continue in the near future.