Analytics on 02/11/2017

On Wednesday, the stock indices of America have not shown an uniform dynamics , and closed in different directions. Dow Jones up 0.25% (23435.01), S&P 500 added 0.16% (2579.36), the Nasdaq fell 0.17% (6716.53). European markets showed similar dynamics. The German DAX grew by 1.78% (13465.51), British FTSE 100 dipped 0.07% (7487.96).

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 11:55 MSK the Index of business activity in Germany's manufacturing sector in October
At 12:00 MSK the change in the number of unemployed in Germany in October
At 12:00 MSK the Index of business activity in the Eurozone manufacturing sector for October
At 12:30 MSK the Index of business activity in the construction sector in the UK in October
At 15:00 MSK inflation report by the Bank of England
At 15:00 MSK UKinterest rate decision
At 15:00 MSK the minutes of the meeting of the Committee on monetary policy of Great Britain
At 15:30 MSK FOMC member Powell speaks
At 15:30 MSK the President of the BOE Carney speaks
At 19:20 MSK FOMC member Dudley speaks

Yesterday, the UK published the index of business activity PMI. It rose to 56.3, but it was expected decrease to 55.8 points. The volatility in the UK markets was minimal due to consolidation. Investors are awaiting Bank of England meeting today, on which it is projected revision in the key rate.

Yesterday there was a meeting of the regulator of America. As expected, the interest rate kept unchanged in the range of 1.00%-1.25%. In comments, the Fed noted a significant rise in the economic activity, despite the caused by hurricanes destruction. As well as the continued improvement in the labor market, there is a steady decline in the unemployment rate, even in the face of job losses due to disasters. The increase in fuel prices in September raised headline inflation, but core inflation remained at the same level. The basic principles of monetary policy will remain flexible enough, the purpose of which is the further improvement of the situation on the labour market and the return of inflation up to 2%.

The index of business activity PMI in the United States showed a slight increase, an employment index in the manufacturing sector from the ISM decreased. Unemployment in non-agricultural sector, according to ADR showed a significant increase from 110K to 235К while forecast was 200K. According to MasterCard quarterly report the company has increased revenue by 18%, and earnings per share increased by 24.1%.

During the previous session, oil prices rose and reached the resistance level-year high, after that went into correction, having lost a growth for entire day. Crude oil inventories showed a decline from 0,856 M to 2,435 M and the surplus in Cushing, on the contrary grew up from -0,237 M to 0,090 M. Now it is the likelihood that correction will continue to the level of 51,50 USD per barrel for WTI.