American stocks continued to consolidate near the local highs on expectations of today's Federal Reserve statement on monetary policy (18:00 GMT) and the press conference of the head of the American regulator Janet Yellen (18:30 GMT). Investor optimism fell yesterday after the publication of a report on retail sales in the country, which fell by 0.1% that corresponds to the forecast of analysts. Today, volatility will also be high because of the statistics on consumer inflation and housing market (13:30 GMT) and industrial production in the US (14:15 GMT). We expect strong volatility today, and according to our estimates, the probability of fall significantly increased.
European stocks today show moderate growth on expectations of the Fed's statement on monetary policy. The UK market today was supported by the labor market statistics in the country. Thus, the unemployment rate remained at around 5.1% in January, wages grew by 2.1%, which is 0.1% better than expected. It is worth noting that the number of unemployed decreased by 18.0 thousand, which is much more than the forecast of 8.8 thousand. Tomorrow investors will assess the Fed's rhetoric and statistics on the euro area trade balance for January and the consumer price index for February. We expect increased volatility in the coming days and keep a positive outlook on the European markets due to increased incentives.
Markets in the Asia-Pacific region did not show uniform dynamics today due to the expectation of the Fed's statement on monetary policy. The Japanese market has supported the fall of the yen against the US dollar, but this fact was not able to lead to the end of trading in the country in the green zone. Tomorrow, on the dynamics of trading will affect the news on the labor market in Australia. It should be noted the stabilization on Chinese market due to declining concerns about the growth prospects of the economy. We expect an upward movement in the markets of the region in the medium term, but do not rule out a drop in the near future.