15.03.2016 - The markets are consolidated in anticipation of tomorrow's Fed statement
American stock indices ended yesterday's session near the previous close. Investors were fixing long positions amid falling oil prices after a strong growth in the last few weeks, and before tomorrow's Fed statement on monetary policy. We do not expect any increase in US interest rates at this meeting, but the rhetoric of Fed chief Janet Yellen might raise confidence in the earlier tightening of monetary policy in the US, which will be negatively displayed on the shares and will raise the demand for bonds. On the other hand in case of improving the outlook for the economy, optimism will grow on the markets. We look forward to strong movements and forecast decline on American markets soon.
European stock indexes are corrected in response to falling oil prices, fixation positions after a strong growth, as well as in anticipation of the Fed's statement tomorrow. Yesterday was posted strong statistics on industrial production in the euro area, which rose by 2.1% in January, against a decline of 0.5% in December. Today, was released the data on the level of employment in the euro area, which rose by 0.3%, against an expected increase of 0.2% in Q4. Tomorrow special attention should be paid to statistics on the labor market in the UK and news from the US. Our medium-term outlook for markets in the region is positive due to the stimulus measures from the ECB.
Markets in the Asia-Pacific region basically showed a decrease due to the caution before the Federal Reserve statement on monetary policy. Optimism in the markets also weakened due to falling oil prices. The Bank of Japan said about saving the monetary policy settings unchanged and noted that the country's economy continues to grow at a moderate pace. On Thursday, in Australia will be published the block of important statistics on the labor market, which may affect the mood of investors. Our medium-term outlook for the region's markets remains positive, but we may see a drop in the short term.