14.04.2016 - The market is waiting for tomorrow's statistics on China's GDP
American stock indexes continue to show growth on the background of increased interest in risky assets after the recent publication of strong data on China's trade surplus, which reduced fears of slowing global GDP growth. It is worth noting that the weak data on US retail sales, which fell in March by 0.3%, against an expected growth of 0.1% could not change the positive sentiment on the market. Today will be published important statistics on consumer price index in the US, the growth of which increases the likelihood of more imminent tightening of monetary policy of the Fed. Traders also continue to monitor the corporate reporting season in the US. Current growth may continue in the near future, but we do not exclude the beginning of the correction in the coming weeks.
Major European stock indexes today near the previous close levels. It is worth noting that yesterday was published weak data on industrial production in the euro area, which fell by 0.8% in February, after rising by 1.9% in January. The UK market is under the pressure of speculation about the country's exit from the Eurozone. Thus, the number of people willing to support this idea has grown to 45% from 42% previously. Today will be published important data on consumer price inflation in the euro area (09:00 GMT). In addition, attention should be paid to the Bank of England's decision on monetary policy and the rhetoric of its representatives (11:00 GMT). The potential for growth and in the near future is limited and we may see a correction, but the medium-term outlook remains positive.
Major stock indexes in Asia-Pacific region today showed growth against the background of positive statistics on China's exports, which in March increased by 11.5% compared with the same period last year. This fact has led to a decrease in the price of the Japanese yen, which in turn was positively displayed on the quotes on export-oriented companies. It is worth noting that the unemployment rate in Australia fell by 0.1% to 5.7%, which is also supported by optimism on the markets. Tomorrow we expect a rise in volatility after the publication of the report on industrial production, retail sales and GDP of China, as well as statistics on the volume of industrial production in Japan. Our medium-term outlook for the markets in the region remains positive.