Analytics on 15/11/2017.

Yesterday stock indices finished trade session on the red territory, moving in a single dynamics. The Dow Jones fell by 0.13% (23409.47), S&P 500 dipped by 0.23% (2578.87), the Nasdaq fell by 0.29% (6737.87). On the European stock exchanges was observed similar dynamics. The German DAX declined 0.31% (13033.48), British FTSE 100 dipped 0.01% (7414.42).

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 Japan's GDP for the third quarter
At 12:30 MSK the Average wage including bonuses in the UK
At 12:30 MSK the change in the number of applications for unemployment benefits in the UK
At 13:00 MSK the performance of the BoE MPC member Haldane speaks
At 13:00 MSK the performance of the ECB Prat speaks
At 16:00 MSK the speech of the member of the monetary policy Committee of the UK Broadbent
At 16:30 MSK the Basic index of consumer prices USA for October
At 16:30 MSK Base index US retail sales for October
At 16:30 MSK retail sales in the US in October
At 18:30 MSK crude oil Inventories
At 18:30 MSK the Data on excess reserves of oil in Cushing (Oklahoma)

Yesterday, Germany released a large set of important macroeconomic statistics. GDP for the third quarter year-on-year increased from 1% to 2.3% in line with expectations. The consumer price index did not change the level, and was close to forecast. The economic sentiment index from ZEW was at the level of 18.7, it is higher than the previous values of 17.6, but below the forecast of 20.0. National stock index DAX continued correction against the background of the strengthening of Euro. In Britain it was published consumer price index which was at the level of 3.0% in October, it was unchanged and below the forecast values, so inflation is not strongly influenced by the movement of the index.

There were not a lot of statistics in America. The producer price index remained unchanged, at 0.4%, it is better than the expected decline of 0.1%. General Electric announced that expects to witness year profit in the range of greater than $1 per share and it is below the previous announcement of $2. Also announced the halving in the dividend down to 48 cents a share. The main focus of investor's attention is now directed to a decision on tax reform in the USA. According to the statements of the Minister of Finance Steven Mnuchin, the president administration will refuse to support tax reform if the draft document will contain a tax on corporate profits above 20%. The drafts of both houses contain significant differences, therefore, market participants are concerned that the lawmakers are unable to compromise that will lead to higher expected tax rate. In such a scenario, it is possible a correction in the stock markets of the United States.

Yesterday there were several reasons for the decline in oil prices. First is the forecast of offering growth. According to the OPEC report, it may amount up to 0,65 million barrels a day already this year. The second negative was from the IEA, the annual forecast of which reported that the growth of shale oil production in the US will be the largest in history in the near future and it will break all records of oil and gas industry. The increase can be up to 8 million barrels per day by 2025. Today investors will be watching data on inventories of crude oil.