Macro economics

Analytics on 28/12/2017

On Wednesday, the stock indices of America has demonstrated an single positive dynamic with low volatility and closed in green territory. The Dow Jones rose by 0.11% (24774.30), the S&P 500 increased by 0.08% (2682.62), Nasdaq plus 0.04% (6939.34). European stocks have not shown uniform dynamics, and closed in different directions. The German DAX declined 0.02% (13070.02), British FTSE 100 grew 0.37% (7620.68).

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 02:50 MSK the Volume of industrial production of Japan 
  • At 02:50 MSK the Volume of retail sales in Japan 
  • At 10:00 MSK the Index of housing prices Nationwide in the UK 
  • At 12:00 MSK Monthly report of the ECB 
  • At 16:30 MSK foreign trade Balance in goods, U.S. 
  • At 16:30 MSK the Number of initial applications for unemployment benefits USA
  • At 17:45 MSK the Index of business activity (PMI) in Chicago 
  • At 19:00 MSK crude oil Inventories in the United States
  • At 19:00 MSK the Data on excess reserves of oil in Cushing (Oklahoma)

The different sentiments in European indices is due to the fact that after the long holiday weekend the volume of trading on European markets fell significantly due to the lack of the part of market participants. Volatility was minimal, what pleases and does not portend problems in the thin market. Important statistics in Europe. Also, a positive factor is the lack of strong reactions to events in Catalonia. Despite apparent tensions, the Euro significantly strengthened against the dollar.

In America of the important macroeconomic statistics published the consumer confidence index, in December it rose for 6 points up to 122.1, however analysts expect growth to 128 points. Today the main news will be the report on the number of initial claims for unemployment benefits for the week. The fact that for several months, this indicator is about the minimum values for several years.

It is expected that in the last two trading sessions the volume of trading on American exchanges significantly declined. As in Europe, many financial companies provide to their executives on vacation between Christmas and New year. Also, most investors tend not to carry their positions through the holidays, in order to reduce the risks of falling markets, as it was in the beginning of last year because of problems in China.

Yesterday ended a five-day period of the fall of the technology companies index, it became the longest since April of this year. Leaders of growth were shares of the company Facebook, it added 0.93%, and Visa, with the growth of 0.91%. The main problems for the sector was created by Apple. For the last session it lost 0.13%. In addition to reducing the demand for new and advanced product of this company iPhone X, the corporation was sued for something that is artificially understated performance of the old models of the smartphone.

Yesterday oil prices declined on technical correction after strong gains yesterday to a record level from May 2015. The main reason was the disruption of supplies from Libya due to the explosion on the pipeline. Investors worried by general aggravation of the situation in the country and gives a signal to the growing tension in the middle East. Investors lay geopolitical risks in oil prices. Today in the Asian session, all the correction was repurchased due to lower US inventories according to API more than expected. Today will be known data from the Ministry of energy.

May
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Interest rates

Country Rate Value
USA Federal Funds 0,25 %
Switzerland 3 Month LIBOR Range -0.75 %
United Kingdom Repo Rate 0,10 %
EU Refinancing Tender 0,00 %
Japan Overnight Call Rate -0,10 %
New Zealand Official Cash Rate 0,25 %
Australia Cash Rate 0,25 %
Canada Overnight Rate Target 0,25 %
All rates
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