13.04.2016 - Data on exports of China raised optimism on the market
American stock indexes showed strong growth against the background of increasing oil prices in anticipation of the meeting of a number of major oil producers in Qatar, which will be held on 17 April. Oil prices will have a key influence on the dynamics of the global markets in the near future. Today, investor sentiment will influence the news on retail sales in March (12:30 GMT). Support also was the news about the export growth in China, which has reduced investors' concerns about growth prospects for the global economy. We expect saving of high volatility in the near future and maintain a negative outlook on the US stock market in the coming weeks.
European stocks showed an increase on the background of positive dynamics on the US and Asian markets, rising oil prices and positive news from China. Weak data on industrial production in the euro area, which in February fell by 0.8% against the forecast of decline by 0.6% could not lead to a change in a positive trend. In the coming days, the dynamics of the stock markets will depend on oil prices and data from China. In the center of attention will also be speculations about a referendum on the UK exit from the EU. We expect high volatility in the near future and maintain a medium-term positive outlook.
Markets in the Asia-Pacific region showed strong growth due to the weakening of the yen and strong data on China's trade surplus. Thus, after eight months of decline, exports rose by 11.5% in March, which is 3.0% more than the average forecast. Strong influence on the movement of stock markets of the region in the coming weeks will have data on industrial production and GDP, which will be published on Friday. Tomorrow we should pay attention to the statistics on the labor market in Australia. Our medium-term outlook for the region's markets remains positive, but volatility will be elevated.