US stock indexes ended the trading session near the previous close levels. Growth is constrained by a weak labor market statistics in the country. Thus, the number of homes sold on the secondary market in January was 4.83 million against the expected 5.03 million. Investors expect today's speech of Janet Yellen in the Senate (15:00 GMT). The course of trading today may also be affected by the data on the index of consumer confidence in the US (15:00 GMT) and the index of house prices in the country (14:00 GMT). Our medium-term outlook remains positive and we expect that further dynamics of trading will depend on the applications of the Fed chairman and the publication of data on GDP growth in the US on Friday.
The main European stock indexes show moderate growth after news on continued funding of Greece for 4 months in exchange for which the country must conduct reforms. Today was published statistics on the GDP growth in Germany, which was 0.7%, in line with expectations, as well as the consumer price index in January in the euro area, which declined by 0.6%, which also coincided with forecasts of analysts. Investors expect the speech of the ECB President Mario Draghi (14:00 GMT). Dynamics of trading in the near future will depend on the statements of the Fed on monetary policy, as well as on the future effectiveness of the program of quantitative easing in the Eurozone. We maintain a positive medium-term outlook for the markets of the region.
Markets in the Asia-Pacific region show a gradual increase. The Chinese market today was still closed because of celebrating of the New Year. At the same time, it is worth noting that the decline of the yen against the US dollar once again supported the investors. Japanese traders are waiting for the publication of a large block of statistics on the economy of Japan on Friday. Australian investors expect monetary easing from the Reserve Bank of Australia at the deterioration of inflation expectations in New Zealand, in relation of which analysts expect a similar process in Australia. We maintain a positive medium-term outlook for the markets of the region.