19.04.2016 - Sentiment on the euro area business confidence improves
US stock indexes shows an increase of the background of positive dynamics of oil prices, which supported the stocks of the energy sector, as well as positive earnings reports of Hasbro and Walt Disney companies. Today, the dynamics of trading will affect the important data on the US housing market (12:30 GMT), which has a key impact on the economy of America. Strong influence on the course of trading will continue to have the price of oil. To continue the growth the markets need a strong impetus, but considering approaching the maximum values and the approach of May, there is a possibility of strong correction on the markets in the coming weeks.
The main European stock indexes are now showing a positive dynamics against the background of the energy sector stocks, as well as the positive statistics. Thus, the index of business sentiment in the euro area in April rose to 21.5, against the forecast of 13.9. It is worth noting that the euro area balance of payments surplus in February totaled 19.0 billion euros, which is 2.3 billion less than expected. Tomorrow a strong influence on the British market will have statistics on the labor market in the country. Given the positive impact of the program of quantitative easing and the recovery in commodity prices, growth in the region's markets is likely to continue in the medium term despite the risks associated with possible exit of Great Britain from the European Union.
Markets in the Asia-Pacific region rose after the improvement of the situation on the commodity markets. The Japanese market is supported by the weakening of the yen against the US dollar, which is positive for exporters. Japanese authorities continue to emphasize its readiness to fight against speculations, which leads to the strengthening of the country's national currency. Improving macroeconomic indicators, reducing concerns about growth on the markets of the region in the medium term. Tomorrow we should pay attention to the statistics on the trade balance of Japan and the index of leading economic indicators in China. We keep positive outlook on the stock indexes in the region in the medium term, but in the coming weeks may see a correction.