Analytics on 31/10/2017

On Monday, the stock indices showed a single negative trend and closed in red territory. Dow Jones down 0.36% (23348.74), S&P 500 dipped 0.32% (2572.83), the NASDAQ closed lower by 0.03% (6698.96). European markets have not shown uniform dynamics, and closed mixed. The German DAX added 0.09% (13229.57), British FTSE 100 down 0.23% (7487.81).
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 06:50 MSK the Report on monetary policy Bank of Japan
At 06:50 MSK the Report of the Bank of Japan about the prospects for the economy
At 06:50 MSK interest rate Decision Bank of Japan
At 09:30 MSK Press conference of the Bank of Japan
At 13:00 MSK the Eurozone CPI for October
At 13:00 MSK Eurozone GDP for the third quarter
At 15:30 MSK the Canadian GDP for August
At 16:45 MSK the Index of business activity (PMI) in Chicago in October
At 17:00 MSK the Index of consumer confidence in the US in October
At 22:30 MSK the President of the Bank of Canada's Poloz
At 23:30 MSK the Weekly crude oil inventories according to the American petroleum Institute (API)
Europe closed in positive territory on the background of good news from Spain, it managed to stop the motion for the independence of Catalonia. Germany reported about grew by volumes of retail sales, which showed an increase, but less than planned, also the data of the consumer price index was less than expected.
The British FTSE 100 is more and more coming into the consolidation now. Market participants expect that the Bank of England will raise interest rates by 0.25%. According to analysts, the decision can be made with a margin of five votes. Now the inflation in the UK stands at 3.0%, and last week's GDP was better than expectations. The country continues quarterly reporting season. British Bank HSBC Holdings announced net profit in the third quarter 3.24 billion dollars, revenue rose up to 12.98 billion dollars, which is 36% higher than at the same period last year.
The US market opened yesterday with a gap down and could not recover before the end of the session. The leaders of the decline were the shares of companies from the health sector and the consumer products. Now the attention of investors focused on the fed meeting that starts today. Most likely, it will not bring changes in the key rate, but the final statement will be open the plans of the regulator. Strong GDP data increase the likelihood of another rate hike before year-end. Also this week it is expected the Trump's final decision of new Federal Reserve head. There is a high probability that the President will choose Jerome Powell. If this happens, perhaps he will continue the monetary policy similar to the current one.
Yesterday the price for Brent crude managed to reach and stay for some time above $60 per barrel, this was the first time in two years. Oil prices are supported by the growing confidence of the market participants that the agreement of OPEC+ to reduce oil production will be extended until 2018.