22.12.2014 - American indexes reached historic highs

US stock indexes showed a slight increase in the last trading session of the week despite the absence of important macroeconomic statistics. Markets were supported by the Fed's statement of intention to gradually raise interest rates and save the current settings of monetary policy before the Fed meeting in April. Today, we expect low volatility before tomorrow's publication of a large block of macroeconomic statistics. Negligible impact on the course of trading may have data on existing home sales in the US (15:00 GMT). Our medium-term negative outlook remains unchanged and we expect the fall of indexes after the New Year.

European stock indexes on Friday showed multidirectional dynamics. Negative for the markets of the euro area was the reduction of the balance of payments surplus in the region to 20.5 billion in October, against 32.0 billion in September. British stock market showed strong growth against a background of unexpectedly strong data on the balance of retail sales in the UK in December, which rose to 61 compared with an expected 30. Today we see the positive investor sentiment. The course of trading will be affected by the data on consumer confidence in the Eurozone (15:00 GMT). We maintain our medium-term negative outlook on the markets in the region and we expect increased volatility tomorrow.

Markets in the Asia-Pacific region showed growth at the background of increasing oil and quotations of commodity prices. Growth in Japan remains restrained, despite the strong growth in the US markets and a stable yen. Despite the current movement in the People's Bank of China noted the cooling of the economy, weak demand for credits and falling business confidence. Australian index hit a three-year high. Tomorrow in Japan is a holiday and in China, will be published data on the index of leading economic indicators. We maintain our medium-term negative outlook on the markets in the region.

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