13.02.2015 - Reduction of geopolitical tensions supported investors
US stock indexes showed a positive trend yesterday against the background of reaching agreement on a ceasefire in the east of Ukraine since February 15. At the same time showed strong growth of the energy sector stocks, which was caused by the rising price of oil. Statistics on retail sales, which fell in January by 0.8%, compared with an expected decline of 0.4% and an increase in initial unemployment claims to 304 thousand, compared with an expected 282 thousand could not change the mood of investors. Today, the course of trading will be affected by data on the index of US consumer confidence for February (15:00 GMT). We maintain a positive medium-term outlook for the US stock market, but at the end of the trading session can see the fixation of positions.
European stock indexes have shown growth yesterday on news on providing additional liquidity for Greece despite the absence of a compromise on restructuring the country's debt to creditors. At the same time a decision on a cease-fire in eastern Ukraine after February 15, which was adopted at the talks in Minsk improved the mood of investors. Today, the growth on the markets of the region was supported by the German GDP data which showed an increase of 0.7% in Q4, compared with an expected increase of 0.3%. At the same time, euro area GDP grew by 0.3%, which is 0.1% better than analysts' expectations. We maintain our positive outlook for the medium-term, but note possibility of a fall in case of negative news on Greece's debt crisis.
Markets in the Asia-Pacific region today showed different direction. The strengthening of the yen versus the greenback against statements of some representatives of the Bank of Japan about the negative effect of further easing of monetary policy in the country. At the same time, the Chinese markets continued to rise following the European and American amid expectations of resolving the conflict in Ukraine and the Greek crisis. The Australian market is still under pressure of weak data on the labor market in the country, but the rise in prices of raw materials improve the mood on the market. On Monday, the course of trading will depend on the data on lending in China. We maintain a positive medium-term outlook for the markets of the region.