Analytics on 01/11/2017

Yesterday stock markets of America showed the growth in a single dynamics with low volatility. Dow Jones industrial average added 0.12% (23377.24), S&P 500 up 0.09% (2575.26), the Nasdaq rose 0.43% (6727.67). European stocks also were in growth in single dynamics. The German DAX added 0.09% (13229.57), British FTSE 100 grew 0.07% (7493.08).

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 00:45 MSK employment Change New Zealand for the third quarter
At 12:30 MSK the Index of business activity in the manufacturing sector in the UK in October
At 13:00 MSK the speech of the member of the monetary policy Committee of the United Cunliffe
At 15:15 MSK employment Change in U.S. nonfarm ADP
At 17:00 MSK the Index of business activity in the U.S. manufacturing sector from ISM
At 17:30 MSK crude oil Inventories USA
At 17:30 MSK the Data on excess reserves of oil in Cushing (Oklahoma)
At 21:00 MSK the FOMC Statement
At 21:00 MSK interest rate Decision of the fed
At 23:15 MSK the President of the Bank of Canada's Poloz

Yesterday in Europe, investors were pleased by positive statistics. GDP for the Eurozone for the third quarter showed an increase to 2.5%, which is above the forecast value of 2.4%. The unemployment rate in the Eurozone during the previous month was 8.9%, which is slightly below expectations of 9%. Inflation in the Eurozone in October amounted to 1.4% per year, expected 1.5%. Quarterly report was made by the European aerospace concern Airbus. It showed significant profit growth, as well as France's biggest publicly traded Bank, BNP Paribas, who also showed a good performance.

In America, the statistic is also pleased investors. The index of business activity Chicago jumped up to 66.2 points when it was forecasted a decline to 61.0 points. The consumer confidence index for October increased to 125.9 points, while analysts on average had expected 121,0 points. United States in addition to the intrigue around the future head of the fed and of tax reform Trump continue to focus on corporate reporting. Pharmaceutical company Pfizer showed revenue growth for the quarter by 1%, which was in line with analysts ' expectations, while net profit more than doubled to a 2.84 billion. MasterCard reported a growth in earnings per share up to $1.34, that is better than forecast of $1.23. BP has reported a doubling of profits.

The main event for all the stock markets is the results of the fed meeting. Before the official statements investors refrained from big steps. Now, market participants do not expect rate hike as a result of the meeting.

The price of Brent crude remains above $60 a barrel. Although now it is beginning to develop a tendency to profit fixing. This is facilitated by the news from Iraq about increasing exports from the southern fields of the country. While the correction is constrained by expectations of renewal of the Treaty of OPEC+ on the reduction of oil production. Today it will be published data on inventories of the United States.