24.12.2014 - Markets are preparing to celebrate Christmas

US stock markets yesterday showed a slight increase. The reason for optimism of investors have become strong data on US GDP growth, which showed the maximum acceleration for more than 10 years. Despite this, the growth is constrained by weak data on durable goods orders, which fell in November by 0.7% against the expected growth of 3.0%. Today we are forecasting low activity of investors in connection with the celebration of Christmas. Negligible impact on the course of trading may have data on the US labor market. We forecast the beginning of a downward movement on the stock markets of America after the Christmas holidays.

European stocks rose yesterday on the background of statistics from the US. Given the expectation of Christmas holidays investors are not building up new positions. In the UK, have been published data on GDP, which grew in Q3 by 0.7%, in line with analysts' forecasts. At the same time, traders were disappointed by the news on reduction of business investment by 1.4% in Q3, which is 2 times worse than the forecasted level. Today, in some European countries and is a day off volatility will remain minimal. The potential for further upside is low and we are forecasting a decline in the beginning of next month.

Markets in the Asia-Pacific region showed mixed trends. It is worth noting that the positive investor sentiment in the market caused by strong data on US economic growth. At the same time, growth in commodity prices continue to be under the pressure from the weakness of the Chinese real estate market. The Japanese market is expects the raise of demand for risky assets and the further devaluation of the yen. Investor activity during the holidays will fall and we expect that the markets in the region will continue to move following the US indexes after a long weekend.

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