American stock indexes showed gains yesterday amid publication positive statistics on durable goods that rose in January by 4.9%, vs. expected 3.0%. The growth of oil also supported the bulls on the market. Today will be published an important report on the growth of US GDP in the fourth quarter (13:30 GMT). Strong impact may also have news on personal income and consumer spending in the US (13:30 GMT) and consumer confidence (15:00 GMT). The current upward price movement may continue in the near future. We expect increased volatility on the US stock markets today.
Major European stock indexes today are growing due to the optimism of American investors, as well as the oil price recovery. In addition, support for the optimists has become the positive data from France, where GDP growth in Q4 was revised down from 0.2% to 0.3%. Further dynamics will depend on today's news from the United States. On Monday will be published data on the index of consumer prices in the euro area. The main positive in the near future will be the expected meeting of the ECB where may decide on additional incentives. Our medium-term outlook for European markets is positive.
The main markets of the Asia-Pacific region today showed growth on the background of improved sentiment on the global markets, due to the positive data from the United States, rising oil prices and fixing of short positions ahead of today's publication of the preliminary report on the growth of the US economy. Today was published information on basic consumer price index in Japan, which has remained at the same level, despite the expected decline of 0.2% in January. On Monday will be published important statistics on retail sales and industrial production in Japan. We expect growth on the markets of the region, after the stabilization of the Chinese indexes and reduction of fears of investors.