US stocks yesterday showed a negative trend due to lower oil prices, but were able to offset a large part of the losses towards the end of the trading session. It should be noted that investors' activity was low due to the holiday period. Today, the dynamics of trading can be affected by the data on the trade balance (13:30 GMT), the index of house prices Case-Shiller in 20 largest cities in the US (14:00 GMT) and the index of consumer confidence from the Conference Board in December (15:00 GMT). The activity will be reduced. We maintain a positive outlook for the medium-term, but in the near future we can see the index fall.
European stocks today show a positive trend after declining yesterday. In Europe there were no important macroeconomic data. The negative was the sales on equity markets in China. It is worth noting that this week will be shortened and the activity will be much less than the average level. The dynamics of trading today will depend on the statistics from the US. We maintain a positive medium-term outlook for the European markets due to the positive influence of the quantitative easing program.
Markets in the Asia-Pacific region showed growth today after a weak start of the trading session due to the decrease of US indexes. It is worth noting that the Chinese regulator has increased the quota for the purchase of securities in the country to 81.07 billion dollars against 79.1 billion dollars previously. The activity is limited by the short trading week. We maintain a positive outlook on the markets of the region, but do not rule out the fall after the New Year.