26.02.2015 - Investors are waiting for the statistics for GDP growth in the US
Major US stock indexes ended the trading session near the previous close levels. The course of trading was influenced by the speculations regarding the statements of the Federal Reserve, according to which the low inflation and wages are the reasons for keeping interest rates at the current level in the near future. It is worth noting that the number of new home sales totaled 481 thousand that is 10 thousand better than the forecast of analysts. Today, the focus will be on data on inflation, the labor market and durable goods orders in the US (13:30 GMT). Investors will not rush to build up positions ahead of tomorrow's publication of statistics on GDP growth in the United States. Our medium-term outlook is positive and we expect continued growth of the US market in the near future.
European stock indexes show a gradual increase amid expectations of launching the program of quantitative easing in the euro area, which will lead to the continuation of the upward movement of the indexes. Today was published positive statistics on the labor market in Germany, where the number of unemployed fell by 20 thousand, which is two times better than expected, and the consumer confidence index rose to 9.7, against the previous value of 9.3. UK GDP growth was 0.5%, in line with analysts' forecasts. Further movement of the indexes will depend on a large block of statistics from the US. We maintain a positive medium-term outlook for the major European markets.
Markets in the Asia-Pacific region rose amid expectations of a later increase in interest rates of the Fed. At the same time, investors continued to consider the statistics on the growth of the manufacturing PMI in China to 50.1, indicating that the acceleration of growth in the sector. In addition, investors expect more active measures to support the growth of the Chinese economy by the government. Analysts estimate the probability of lower interest rates of the Reserve Bank of Australia at 50%, which stimulates the growth of local shares. We maintain a positive medium-term outlook for the markets of the region.