US stock indexes failed to show unified dynamics on the background of conflicting statistics. So, on one hand the number of initial unemployment claims rose to a 313 thousand, that is 25 thousand worse than prognosis. Inflation fell in January has fallen by 0.7% that is 0.3% less than the previous figure. At the same time, the volume of durable goods orders rose by 2.8%, against a decline of 3.3% in the previous period. Today, in the center of the attention of investors will be the data on US GDP growth (13:30 GMT), Chicago PMI (14:45 GMT) and the index of consumer confidence in the country (15:00 GMT). Our medium-term outlook for US markets remains positive and we expect increased volatility today.
Major European indexes yesterday showed growth. UK GDP increased in Q4 by 0.5%, in line with the previous estimate, and the number of unemployed in Germany fell by 20 thousand, which is 2 times better than the forecast. Today in Europe will not be published important macroeconomic data and the course of trading will depend on the data from the US. Particular attention should be paid to GDP growth in the world's largest economy. On Monday, the course of trading will be affected by the news on the consumer price index and unemployment in the euro area. We maintain our positive outlook for the medium-term in connection with the launch of quantitative easing in the Eurozone.
Markets in the Asia-Pacific region showed a slight change in the major indexes. For example, the Tokyo market showed minimal growth against the backdrop of conflicting macroeconomic data. Japan's unemployment rate rose by 0.2% to 3.6%, drop in retail sales accelerated to 2.0%, against the expected 1.2%, but the volume of industrial production showed an increase of 4.0% in January that is 1.1% better than expected. Chinese investors remain wary of the negative effects of the crisis in the construction sector of the country. We expect growth on the markets of the region in the near future and look forward to increased volatility of indexes in connection with the release of statistics on manufacturing activity in China.