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22.11.2016 - The growth of oil supported the stocks of the energy sector

American stock indexes showed growth against the backdrop of the expected positive impact of tax cuts and increased government spending in the country after the victory of Donald Trump for president. Support was also a rise in oil prices for the market in anticipation of reaching a consensus on the issue of reducing the volume of oil production in the OPEC countries. Today, little effect on the course of trading may have data on existing home sales in the US (15:00 GMT). Investors will not rush to build up positions before Thanksgiving that will be celebrated on Thursday. Our medium-term outlook remains negative, but the current growth may continue in the near future.


European stocks rose today against the background of positive dynamics of shares of commodity companies because of rising oil prices. Support for the markets in the region are also expectations of further stimulus by the ECB, which can increase the amount of monthly purchases of assets from the current level of 80 billion euro, or change in the structure of asset purchasing. On the dynamics of trading today will affect the news on the balance of production orders in the UK (11:00 GMT) and the index of consumer confidence in the Eurozone (15:00 GMT). We expect the growth of political instability in Europe in the coming quarters and maintain a medium-term negative outlook.

Markets in the Asia-Pacific region showed growth while following the US indices. The earthquake in Japan has not been able to change the situation on the market. It is worth noting that after the strong fall of the yen in recent weeks, there is a high probability of correction of prices, which will be negatively displayed on the Japanese indexes. The Australian market has supported the oil price rally. Strong pressure on the region's markets may have a US refusal to participate in the Trans-Pacific Partnership that is probable after the inauguration of Donald Trump as US President. Tomorrow in Japan will be a day off. Investors continue to monitor the dynamics of the yuan and the situation on the commodity markets. Our medium-term outlook remains negative for the markets in the region, despite the current growth.

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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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