23.12.2015 - Statistics from the US will be in the focus of the market

US stock markets show growth after the situation on the commodity markets has stabilized. Additional support for the market was the news about the growth of US GDP in the 3rd quarter by 2.0%, which is worse than the previous estimate of 2.1%, but better than the forecast of 1.9%. Today, the activity will also be raised in connection with the publication of statistics on the volume of orders for durable goods, consumer spending and income (13:30 GMT), the index of consumer confidence in the country and new home sales, which in recent times pleased investors (15:00 GMT). Traders’ activity will be restrained by the expectation of holidays. We maintain a positive medium-term outlook for the US market.

European stocks continue to show strong growth before the long weekend. So, tomorrow investors will start to celebrate Christmas in Germany, and on Friday, the markets will be closed in Europe and North America. It is worth noting optimism despite the publication of weak statistics for GDP growth in the UK by 0.4% in the third quarter, which is 0.1% worse than expected and the previous estimate. At the same time, business investment increased for the same period by 2.2%, which has met forecasts. Markets are waiting for the US data, but traders probably will not rush to open new positions before the long holidays. We keep medium-term positive outlook for the main European stock markets.

Major stock indexes in Asia and the Pacific showed cautious optimism of investors before the long weekend in Europe and North America. It is worth noting that in Japan today was the day off due to the celebration of the birthday of the emperor. Tomorrow will be closed markets of Australia and New Zealand. The highlight of the second half of the week will be the publication of important macroeconomic data on unemployment and inflation in Japan on Friday. We expect growth in the markets of the region in the medium term.

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