Futures on US stock indexes show a positive trend today, against the background of continued upward correction on global stock markets. Today, the focus of investors will be the publication of important statistics on the housing market (13:30 GMT) and industrial production in the US (14:15 GMT). In addition, special attention should be paid to the protocols of the previous meeting of the US Federal Open Market Committee (19:00 GMT). We are waiting for the release of important statistics on inflation in the US, which will be published on Friday and will affect the market forecasts on the timing of the Fed raising interest rates. Our outlook for the stock markets of America, in the coming months remains negative.
Major stock markets in Europe show an increase on higher oil prices and a general improvement in investor sentiment. It is worth noting that today was published a controversial labor market statistics in the UK, according to which the unemployment rate remained at around 5.1%, which is 0.1% worse than forecast, but the number of unemployed decreased by 14.8 thousand vs. expected decrease only by 2.9 thousand. Tomorrow a strong influence on the course of trading will have the publication of protocols of the previous meeting of the ECB. We maintain our medium-term positive outlook for European markets and in the near future growth may also continue.
Markets in the Asia-Pacific region today showed different dynamics. Thus, the Japanese market fell against the backdrop of the resumption of growth of the yen and weaker data on the volume of domestic orders for engineering products, with the exception of the ships and municipal equipment, which rose by only 4.2% in December against the forecast of 4.6%. Tomorrow we should pay attention to inflation data in China and unemployment in Australia. We expect continued high levels of volatility in the market and expect an upward correction on the markets in the coming weeks.