US stock indexes showed strong growth after declining in the previous days. The reason for optimism has been the increased value of the shares of the financial sector, which is due to launch a program of quantitative easing in the Eurozone. Weak data on retail sales in the country, which fell by 0.6% against the expected growth of 0.3% could not change the positive sentiment. Today, the dynamics of indexes will depend on the statistics on consumer confidence in the US (14:00 GMT).
Major European stock indexes ended the trading session about the previous close levels. Growth showed the British market, which was caused by the statement of the Bank of England Governor Mark Carney, who noted the possibility of a later start of raising interest rates in the country. At the same time the negative was the fall in industrial production in the euro area by 0.1% in January, against the expected growth of 0.3%. Today, investors were disappointed by the news on a drop in production in the construction sector by 25.6% in January, against the expected growth of 1.4%. We anticipate continued growth of European stock indexes in the medium term due to the launch of quantitative easing in the Eurozone.
Markets in the Asia-Pacific region showed an increase with the improvement in investor sentiment in America. Stable yen also supported the Japanese index despite weak data on industrial production in Japan, whose growth in January was 3.7%, against the expected 4.0%. The Australian market has welcomed the data on the labor market in a country where unemployment fell by 0.1% to 6.3%. We maintain a positive medium-term outlook for the markets of the region, but note the risks associated with the weakening growth in China and the crisis in the construction sector of the country.