15.04.2016 - Volatility on the market has fallen amid uncertainty
American stock indexes ended yesterday's trading with a slight change. On the mood of investors affected by the weak data on inflation, which in March rose by 0.1%, which is 0.1% less than the forecast. Today, the dynamics of trading will affect the positive data from China, as well as statistics on the volume of industrial production in the US (13:15 GMT) and the index of consumer confidence from the University of Michigan (14:00 GMT). On Monday there is a chance of volatility growth after a meeting of major oil producers in Qatar, on Sunday. According to our estimates, the growth potential in the near future decreased and there is a possibility of correction.
European stocks showed a slight decrease, despite the positive statistics from China. To continue the positive dynamics on the stock markets of Europe is needed a new impetus. It is worth noting that the trade surplus in the euro area in February was 20.2 billion dollars against 22.8 in January. It should be noted that exports grew to 163.5 billion euros, which is 1% better than at the same period last year. Next week, the in the focus will be the ECB’s decision on interest rates and a press conference by ECB President Mario Draghi. Our medium-term outlook for European equity markets remains positive, and on Monday we expect to see a strong movement.
Major stock indexes in Asia and the Pacific today have changed little despite the positive statistics from China, where GDP growth in the first quarter was 6.7%, in line with analysts' forecasts, and the volume of industrial production grew by 6.8% in March for the year, against growth by 5.4% in February. It should be noted that production volume in Japan decreased by 5.2% in February, which is 1.0% better than expected. The decline of the Japanese yen continues to support the bulls. Next week, the dynamics on the region's markets will depend on the prices of commodities. Our medium-term outlook remains positive, but we do not exclude the correction in the near future.