20.04.2016 - American indices came close to all-time highs
US stock indexes finished trading session of Tuesday with a slight change. On the one hand, the corporate reporting season maintains optimism on the markets, despite the decline in profits of some companies compared with the last year. On the other hand data on the housing market, which traditionally have a strong influence on the course of trading, disappointed investors. Thus, the number of housing starts fell to 1.09 million in March from 1.19 in February. Today a strong impact on the dynamics of trading will have the movement of oil prices. Approaching the highs and the lack of new incentives for the growth is the reason for the beginning of the correction in the markets of the country in the near future.
The main European stock indices are declining today after a three-month high reached earlier. The reason for the negative dynamics of the markets was the decline in oil prices after the oil industry workers in Kuwait have completed a three-day strike. It should be noted that the negative for the British investors became news on the labor market. Thus, the unemployment rate remained at 5.1%, but wage growth slowed to 1.8% in 3 months against the forecast of 2.1%. Today, investors will not rush new moves in connection with tomorrow's decision of the ECB on monetary policy and a press conference by ECB President Mario Draghi. Our medium-term outlook for European markets remains positive, but in the near future we may see a correction.
Markets in the Asia-Pacific region today showed mixed dynamics. Thus Chinese indexes fell after it was reported that the Chinese authorities will be more restrained in stimulus measures and more attention will be paid to the risks associated with measures to stimulate the economy. The Japanese market is supported by the weakening of the yen. It is worth noting that the trade surplus in Japan in March rose to 0.28 trillion yen, but was worse than the forecast of 0.45 trillion yen. Dynamics of the Japanese currency will have a key influence on the movement of the indexes in the country. We expect growth on the markets of the region in the medium term, but we can see a decrease in the near future.