Analytics on 25/10/2017

Stock indices yesterday resumed growth in a single dynamics, and closed in green zone. The Dow Jones rose by 0.72% (23441.76), S&P 500 rose by 0.16% (2569.13), Nasdaq plus 0.18% (6598.43). European markets also grew in a unified dynamics. Germany's DAX rose 0.08% (13013.19), British FTSE 100 added 0.03% (7526.54).

Today it is expected a few publications of the macroeconomic data and the speeches of the monetary authorities that could affect investors' decisions during the trading sessions.

At 03:30 MSK the consumer price Index of Australia for the third quarter
At 11:00 MSK the Index of business climate IFO of Germany for October
At 11:30 MSK UK GDP
At 11:30 MSK the mortgage approvals in the UK
At 15:30 MSK Base the orders on durable goods report for September
At 17:00 MSK new home Sales for September in usa
At 17:00 MSK the publication of the report of the Bank of Canada's monetary policy
At 17:00 MSK interest rate Decision Canada
At 17:30 MSK crude oil Inventories USA
At 17:30 MSK the Data on excess Inventories of oil in Cushing (Oklahoma)
At 18:15 MSK the President of the Bank of Canada's Poloz speaks

European investors are not surprising with uncertainty in Spain and have not really pay attention to verbal intervention participants in the events. And it's not heavily influence the market. Now European investors assess the likelihood of the announcement of the ECB begin to reduce the program of monetary stimulus. Political risks and the lack of progress in achieving the inflation target are strong arguments against it. If tomorrow the ECB abandon plans to reduce QE in the near future, the Euro could fall sharply. In favor of stopping the stimulating talking yesterday published data on the index of business activity in different countries of the region in October. In France, it grew up in Germany fell, but less than expected. In general in the EU the index of business activity in the manufacturing sector grew from 58.1 to 58.6 while expectations for a decline to 57.8.

Yesterday the US stock market stayed in positive territory, after opening with a gap up amid earnings reports of companies, most of which meet and exceed the expectations. Also the reason for optimism is the increasing of chances for the implementation of the tax reforms promised during the election campaign of Donald Trump. Second, the market supports with the corporate reporting season.

Currently, approximately 24% of the companies included in the S&P 500 index, has published its quarterly reporting. McDonald's reported about the increase in net profits by 47%. General Motors recorded a net loss in the last quarter due to additional costs associated with the sale of the Opel unit in Europe. Lockheed Martin Corporation the world's largest supplier of military equipment, has also published the report on financial results, according to which revenues for the quarter period rose by 5.3%.

Oil continues to hold close to the highs of the month. Despite yesterday's report from the API on growth inventories in the United States against the fact that there were predicted decline. A new reason for this were the statements of oil Minister of Saudi Arabia Khalid Al-Falikha about the restrictions on production for a longer period after the end of the underlying agreement OPEC+. Today, data on inventories of raw materials will present the US Department of energy.