Analytics on 03/11/2017

During the previous trading session stock markets of America has not demonstrated the single dynamics and closed mixed. The Dow Jones rose by 0.35% (23516.26), S&P 500 added 0.02% (2579.85), the Nasdaq fell 0.02% (6714.94). A similar situation was in European markets. The German index DAX dipped by 0.18% (13440.93), British FTSE 100 was up 0.90% (7555.32).

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 01:15 MSK a member of the FOMC Bostick speaks
At 03:30 MSK retail sales in Australia in September
At 12:30 MSK the Index of business activity in the services sector in the UK in October
At 15:30 MSK the non-farm payrolls of the USA for October
At 15:30 MSK Average hourly wage USA for October
At 15:30 MSK US unemployment rate for October
At 15:30 MSK Canadian unemployment rate for October
At 17:00 MSK the Index of business activity in the non-manufacturing sector (PMI) from ISM, USA in October
At 19:15 MSK FOMC member the Kashkari speaks
At 20:00 MSK the Number of drilling rigs from Baker Hughes

Yesterday an important event for global markets was the Bank of England decision for key rate. It was increased for the first time in 10 years, the growth was a quarter of a percent, from 0.25% up to 0.50%. Despite the fact that such an result was predicted, the reaction of the markets has helped to pound to go below the support of 1.31 GDB/USD, and grow a national index of almost by one percent amid falling neighbors' markets in the European Union.

Shell company was distinguished with quarterly report, net profit in the third quarter increased in 3 times in comparison with the figure for the same period of previous year and amounted to 4,087 billion. Similar results of Credit Suisse Group, which reported a rise in net quarterly profit from 41 million Swiss francs a year earlier, up to 244 million francs, it was exceeded forecasts.
Late last night, the US President, Donald Trump has announced that he is nominating Jerome Powell to the position of Fed Chairman. Age of candidate is 64 years old; he is a member of the Board of governors of the Federal reserve for 5 years. Powell supports the strategy of Yellen in monetary policy. According to forecasts, he will continue the current relatively soft monetary policy, and thus can take a more proactive role to weaken the regulation of financial markets.

According to quarterly report, Facebook exceeded the average forecast of analysts. Net profit of the company increased from $2.63 billion up to $ 4.7 billion in annual extrapolation. The world's largest producer of microchips for mobile phones Qualcomm reported a fall in quarterly net profit by 89% down to 168 million compared to $ 1.6 billion. Today we expect publication of quarterly results from Berkshire Hathaway, the Fund of Warren Buffett. Also, market participants will direct attention to the publication of monthly data of non-farm payrolls.

After a technical correction the day before, yesterday oil price began consolidation at the reached levels, at which the "black gold" was not for two years. Now investors are fixing profits and trying to find direction amid new factors. Today it will be published the number of drilling rigs from Baker Hughes.