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23.11.2016 - Activity on the stock markets will fall

American stock indexes showed a slight increase yesterday and continued to move around all-time highs. Investor activity in the coming days will be reduced in connection with the celebration of Thanksgiving Day tomorrow. Today, it is worth paying attention to statistics on the volume of orders for durable goods (13:30 GMT), new home sales and consumer confidence in the US (15:00 GMT). Market attention will also be focused on the results of sales during "Black Friday" that points to the willingness of consumers to spend money. Our medium-term outlook for US equity markets remains negative and we look forward to the beginning of the correction in the near future.


European stocks slightly changed today due to the expectation of low activity on the market before the end of the week that will be due to the celebration of Thanksgiving Day. It is worth noting the positive statistics in the index of business activity in the manufacturing sector and the Eurozone, which rose respectively to 53.7 and 54.1 vs. expected 53.2 and 53.1. Tomorrow, the focus will be on the news for GDP growth and the index of business confidence in Germany. According to our estimates, a strong influence on the movement of European indices will have a political situation related to the elections in Germany, France and Austria, as well as the constitutional referendum in Italy. Our medium-term outlook remains negative.

Markets in the Asia-Pacific region showed growth following the US markets. In Japan today was the day off. On the mood of Chinese investors positive impact had news on the creation of accounts, by the People's Bank of China though which will conduct payments between the stock exchanges in mainland China and Hong Kong. The Australian market is maintained by a positive trend in commodity markets. The growth potential on the markets of the region is limited and the trigger for the start of sales can be an increase in Fed interest rates in December. Our medium-term outlook remains negative.

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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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