19.01.2015 - Markets are waiting for the ECB's decision on January 22
US stock indexes have shown growth in the last trading session of the week on the background of fixed positions before the weekend, an increase in the value of shares of the energy sector, also due to the positive macro statistics. Thus, despite the decline in industrial production in the US by 0.1% in December, which is 0.2% worse than the forecast and deflation at 0.4% in December, investors were pleased with the data on consumer confidence index growth to 98.2 against the forecast of 94.2. Today in the United States celebrate Martin Luther King Day. We maintain our medium-term negative outlook on the US market.
European stock indexes showed strong growth on Friday and reached the highest level since 2008. The reason for the growth was the increase in value of the shares of the energy sector. At the same time, investors expect the launch of quantitative easing after the ECB meeting on January 22. European and Greek politicians claim to save Greece in the euro area even in case of victory, the opposition alliance Syriza, that opposes cuts in social spending, which is necessary for restructuring Greece's debts. Today the traders fixed position after a strong growth. Weak data on the balance of payments also have a negative impact on investor sentiment. Thus, the euro area current account surplus narrowed to 18.1 billion compared to the forecast growth of 22.7 billion. Today we can see a further decline in the index.
Markets in the Asia-Pacific region today showed mixed trends today. The main news of the day was the collapse of the Chinese market due to restriction of margin trading in the country, which has led to a stop of activity of several large brokers. Japanese and Australian markets showed growth. Industrial production in Japan in November fell by 0.5%, while the index of consumer confidence in the country rose to 38.8, which is 0.2 better than analysts' forecasts. Traders expect tomorrow's publication of macro-statistics from China. We maintain our medium-term negative outlook on the market, but stimulus measures by the authorities in China and Japan can improve forecasts.