17.03.2015 - Markets await the Fed statement and forecasts
The US stock market has shown steady growth and compensated for the loss of the previous trading session. Investors were disappointed with the weak data on industrial production, which has grown in February by 0.1%, against an expected increase of 0.3%. Today, the course of trading will be affected by the data on the housing market in the US (12:30 GMT). Increased activity will be restrained by the expectation of publication of economic forecasts and statements on monetary policy of the Fed on Wednesday. We maintain our positive outlook for the medium-term, but in the near future may see a drop of indexes.
Major stock indexes in Europe have shown a steady growth due to the launch of quantitative easing in the euro area, which will stimulate the growth of indexes till September 2016. Today was published statistics on employment growth in the euro area by 0.1% in the 4th quarter, in line with analysts' forecasts. The consumer price index in February fell by 0.3% compared to the same period of the last year. Tomorrow the course of trading will be affected by the US Federal Reserve statement on monetary policy. We maintain a positive medium-term outlook for European stock markets.
Markets in the Asia-Pacific region showed a positive trend. Bank of Japan kept monetary policy parameters, according to which the assets will be repurchased by 80 trillion yen annually. At the same time, in the minutes of the previous meeting of the Reserve Bank of Australia noted that the regulator will monitor the effect of the previous lowering of interest rates before downgrading it again. Tomorrow the course of trading will be affected by the data on the index of leading economic indicators of Australia's trade balance of Japan. We maintain a positive medium-term outlook for the stock markets in the region.