18.02.2015 - The focus of investors will be on the publication of the minutes of the Fed meeting
US stock indexes finished yesterday's trading session with a slight increase and continue to consolidate close to historic highs. Negative for investors remains uncertainty about Greece's debt restructuring and the likely deterioration of the situation in Ukraine. Increase in oil inventories continue to put pressure on the stock of energy companies. Today is expected to be published the important data on the housing market (13:30 GMT), industrial production (14:15 GMT). The central event will be the publication of minutes of the previous meeting of the Fed (19:00 GMT). Our medium-term outlook is positive, but we expect fall in the near future.
European stocks yesterday showed little change. The focus of investors is the situation with the Greek debt restructuring. Today was published positive statistics on the labor market in the UK, where unemployment has decreased by 0.1% to 5.7%, while the number of unemployed fell by 38.6 thousand, compared with an expected 25.2 thousand. Today, the course of trading will be affected by data from the US. Tomorrow, in the center of the attention of investors will be the publication of the previous reports of the ECB meeting. We maintain a positive medium-term outlook for the stock markets of the European Union in connection with the launch of the program of quantitative easing, but we recommend to pay attention to the risks associated with the debt crisis in Greece.
Markets in the Asia-Pacific region rose amid improved investor expectations on restructuring Greece's debts. The central event of the week in Japan was the statement of the Bank of Japan's intention to save the current settings of monetary policy. So, it is planned to buy government bonds by 80 trillion yen annually. In addition, the Bank of Japan looked forward to rising inflation to 1.9% in 2015 fiscal year, which begins in Japan in April. China began celebrating the New Year and markets will be closed until 24 February. We maintain our positive outlook for the markets in the region, but note the risks associated with slowing growth in China and the Greek crisis.