16.04.2015 - Speculations about Greece's debt problems may lead to a correction in the markets
US stock markets have shown moderate growth on the background of positive corporate reporting. At the same time, investors were disappointed by the statistics on industrial production in the US, which in March fell by 0.6% and 1.0% in the first quarter. Today the dynamics of trading will depend on the statistics on the labor market and the housing market in the US (12:30 GMT). At the same time, investor sentiment can be affected by the speech of deputy head of the Federal Reserve Stanley Fischer (19:00 GMT). We maintain a positive medium-term outlook for the US stock market, but to overcome the historical highs, we will need new incentives.
Major stock indexes showed a slight increase on the background of statements by ECB President Mario Draghi according to which the program of quantitative easing in the euro area has a positive effect on the economy of the euro area and will not be completed ahead of schedule. At the same time the Eurozone trade surplus rose in February to 22.0 billion euros, 0.8 billion euros. Today the dynamics of trading is under the pressure of investors' fears about the possible Greek default and exit from the Eurozone. British investors are in no hurry to build up positions ahead of the release of data on the labor market in the country on Friday. We maintain a positive medium-term outlook for the markets of the region.
Markets in the Asia-Pacific region showed growth on the background of positive dynamics of US stock markets. Foreign direct investment in China's economy fell in March to 10.6%, compared to 16.4% in February. Strengthening of the yen to restrain the growth in the markets. It is worth noting increase in prices of commodity companies on the background of higher oil prices. Positive for the Australian market was the news on reduction of unemployment in Australia to 6.1% in March against the forecast of 6.3%. Tomorrow the course of trading will be affected by the news on consumer confidence index in Japan. We maintain a positive medium-term outlook for the markets of the region.