14.04.2015 - Traders are waiting for the press conference of Mario Draghi
US stock indexes have not been able to continue to grow on the background of fixing positions ahead of today's publication of important data on retail sales and producer price index (12:30 GMT). In addition, investors continue to monitor the corporate reporting season in the US. Data on the deterioration in the trade balance of China, where exports showed a decline by 15%, will deter investors from further purchases. The focus of investors also remains on the debt crisis in Greece, speculation about which will continue to influence the course of trading in the coming months. We maintain a positive medium-term outlook for the US market, but in the near future we can see a correction.
Major European stock indexes finished yesterday's trading session around the previous close levels. Negative for investors became the data from China where imports according to latest figures fell by 12.7%, which was the biggest drop since 2009. Against this background, shares of commodity companies have shown a significant reduction. The consumer price index remained unchanged in the UK in March, but the volume of industrial production in the Eurozone rose in February by 1.1%, which is 0.8% better than analysts' expectations. Traders are waiting for tomorrow's press conference of Mario Draghi and are in no hurry to do active steps. Our medium-term outlook remains positive due to the program of quantitative easing and improving macroeconomic data in the Eurozone.
Growth of stock indexes in the Asia-Pacific region has stopped growth on the background of weak statistics on the trade balance in China, as well as due to technical factors. Thus, after the strong growth of the previous week markets were in need of correction. The index of business sentiment in Australia rose in March to 3, against 0 in February. Tomorrow the focus will be on the data on GDP growth and industrial production in China, and Australia will be published statistics on consumer confidence index in April. We maintain a positive medium-term outlook for markets in the region, but weak figures in China, weakened the growth potential of the markets.