22.02.2016 - The mood on the stock markets of the world has improved
Futures on US stock indexes pointed to a rise today against the background of rising oil prices. It is worth noting that on Friday was published important statistics on CPI in January according to which the figure has not changed in the last month, but core inflation showed an increase of 0.3%, against 0.1% in December. Today, it is worth paying attention to the data on the manufacturing PMI in the US by Markit (14:45 GMT). This week will be published important statistics on new home sales, the volume of orders for durable goods, and a preliminary report on the growth of US GDP in the 4th quarter. We expect growth on the US stock market in the near future, but its potential is limited. In the coming months, the decline may continue.
Major stock indexes in Europe showed strong growth against a background of positive dynamics of oil prices and investor optimism regarding the agreement between the EU and the UK. As a result, a referendum on membership in the European Union will take place on 23 June. Today it has published statistics on manufacturing and service PMI of the Eurozone, which fell to 51.0 and 53.0, against 52.3 and 53.6 above. Investor sentiment has improved and we can see continued growth in the near future. Our medium-term outlook remains positive.
Markets in the Asia-Pacific region rose today against the background of improvement in investor sentiment due to rising oil prices and rising inflation in the US. The data on Japan's manufacturing PMI disappointed investors. Thus, the index fell to 50.2 in February from 52.3 in January. This fact has led to a decrease in the yen, which looks overbought and whose fall can provoke strong growth in the stock markets of Japan in the near future. We still expect saving of high volatility, and after stabilizing the situation on the markets the growth will resume.