US stock indexes yesterday has not changed considerably and investors were in no hurry to accumulate positions ahead of the weekend. We recall that today in the United States will celebrate Thanksgiving and tomorrow activity will also be low, but investor sentiment may be affected by the news about the volume of sales in the "Black Friday." Yesterday was published the data on the volume of orders for durable goods, which in October rose by 3.0%, which is 1.4% more than the forecast. At the same time, private consumer spending increased by only 0.1% against the forecast of 0.3%. We expect the growth of the US market in the medium term, despite the possibility of its correction in the near future.
European stocks showed a positive trend due to lower volumes, due to the holiday in the US. The main reason for the growth is expectations of additional stimulus by the ECB after the meeting on 3 December. Earlier, Mario Draghi announced an intention to use tools such as lowering interest rates or expanding quantitative easing program if necessary. In addition, the optimism in the markets of Europe, was supported by the fall of the euro and lower oil prices. The dynamics of trading will be affected by the data on the index of consumer confidence in Germany (12:00 GMT). Tomorrow we should pay attention to the preliminary data on GDP growth in the UK in the third quarter. Our medium-term outlook remains positive.
Markets in the Asia-Pacific region has changed little today. Support for the market was positive sentiment in Europe caused by the expected additional stimulus by the ECB. At the same time the fall of the yen supported the Japanese investors. Australian assets grow under the influence of positive improvement situation on the commodity markets. Tomorrow in Japan will be published important statistics on household expenditures, unemployment and inflation. We expect growth on the markets of the region in the medium term.