On Thursday, the stock indices showed a single negative dynamics and closed in red territory. The Dow Jones fell by 0.31% (24508.66), S&P 500 slipped 0.41% (2652.01), the Nasdaq fell by 0.28% (6856.53). European markets also dropped into a unified dynamics. The German DAX lost 0.44% (13068.08), British FTSE 100 dipped by 0.65% (7448.12).
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 00:30 MSK the Index of business activity in the manufacturing sector of New Zealand
- At 02:50 MSK Tankan Index for capital costs of large enterprises of all industries of Japan
- At 02:50 MSK the Index of activity in Japan's large manufacturers
- At 02:50 MSK the Index of sentiment of large manufacturers of Japan Tankan
- At 02:50 MSK the Index of sentiment of large non-manufacturing companies.
- At 13:00 MSK trade balance of Eurozone
- At 16:15 MSK BoE MPC member Haldane speaks
- At 16:30 MSK manufacturing Index, NY Empire State
- At 16:30 MSK Volume of sales in the Canadian manufacturing sector
- At 17:15 MSK the industrial production of the USA
- At 21:00 MSK the Number of drilling rigs from Baker Hughes
Yesterday meeting of the Bank of England have not brought no any surprises, as expected, it kept rates at 0.5% and confirmed the buyback of assets in the amount of 435 billion pounds. The European Central Bank also kept rates at a record low 0% level, and left unchanged the amount of asset purchases as QE, that is, every month 30 billion Euro until the autumn of 2018. These events did not affect the market as it was already incorporated in the current price level.
From positive news it is wanted to mention block the macroeconomic data for the European region. The consumer price index of France has not changed, amounted 0.1%. German index of business activity of the manufacturing sector showed an increase from 62.5 to 63.3. Business activity in the services sector also rose from 54.3 to 55.8 points. It has not helped the indices to remain in positive territory and the market adjusted.
In America, the positive statistics are unable to keep investors from an intermediate correction on profit taking near historic highs. The number of initial claims for unemployment declined by 11 thousand to 225 thousand, while the forecast was for an increase to 239 thousand. Export prices in America rose by 0.5% in November, which was above the expected 0.2 percent. Retail sales in November also showed an increase of 0.8%, which is above the forecast of 0.3%. Despite the technical correction in the number of favorite trades are the representatives of high-tech sector. Company Facebook adds 0.8%, Google rose 1.27%.
Also the market capitalization of Walt Disney rose by 2.24% due to news that it agreed to acquire part of the assets of 21st century Fox for 66,1 billion, including debt. While Fox shares rose by 4.11%.
Traders of oil analyzed the monthly report of OPEC, according to which the parties of the agreement has fulfilled the obligations by 96% in November. Locally oil is cheaping after the US Department of energy reported about the reduction of inventories. But the main anxiety is updating the historical highs of production, which reached 9.78 million barrels per day. Growth continues for the eighth consecutive week. Today traders will evaluate data for drilling rigs from Baker Hughes.