American stock indexes showed gains on Friday amid stabilizing oil price situation, the fall of which had a strong negative impact on the dynamics of the US market at the beginning of the year. Tomorrow will be published data on retail sales, but the central event of the week will be the Fed's statement on monetary policy and forecasts for the US economy, which can greatly affect the mood of investors. In the near future growth can continue, but there is a high probability of correction on the markets of the country in the near future.
European stock indexes are near the previous closing levels. Today have been published positive data on industrial production in the euro area, which rose by 2.1% in January against the forecast of 1.7% and a decline of 0.5% in December. Tomorrow is expected the release of a report on employment in the euro area. Investors are waiting for the publication of important statistics on the labor market in the UK and the statements of the Bank of England on monetary policy. Given the recent increase in stimulus measures by the ECB, we expect continued growth on the stock markets of the region in the near future and medium term.
Major stock indexes in Asia and the Pacific showed a positive dynamics on the backdrop of rising interest in risky assets in connection with the stabilization of oil prices. Japanese indexes supported the decline of the yen, as well as the positive statistics on the volume of domestic orders for engineering products with the exception of utility technics and vessels. Weak data from China could not greatly affect the course of trading. Thus, industrial production in the second world's largest economy grew by 5.4% in the first two months of this year compared with the same period last year. The median forecast was about 5.6%, and the previous figure of 5.9%. Retail sales in the same period grew by 10.2% against 11.2% in the previous period. We expect growth on the markets of the region in the near future.