On Thursday, America's stock market showed a single positive trend on high volatility. Dow Jones up 1.23% (25200.37), S&P 500 rose by 1.21% (2731.20), the Nasdaq gained 1.58% (7256.43).
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 industrial sector PMI of New Zealand
- At 01:30 MSK Speech by the head of the RBA
- At 11:20 MSK the Speech of ECB member, Coeure
- At 12:30 MSK retail sales UK
- At 16:30 MSK the Number of permits issued for construction in the US
- At 16:30 MSK the Index of prices of U.S. exports
- At 16:30 MSK construction of new homes
- At 16:30 MSK the Index of import prices USA
- At 16:30 MSK sales in the Canadian manufacturing sector
- At 18:00 MSK the Index of consumer expectations from the University of Michigan
- At 18:00 MSK the Index of consumer sentiment from the University of Michigan
- At 21:00 MSK the Number of drilling rigs from Baker Hughes
Yesterday in Australia, it was published the index of business activity in the manufacturing sector for January, it amounted to 55.6 points, which is significantly higher than 51.2 in December. Also this morning there was a speech by the head of the RBA Philip Lowe, he said that there is no reason in the interest rate, as inflation and the level of consumer spending remain low.
Today, trading in China, South Korea and Hong Kong is not held in connection with the celebration of the Chinese new year. But the rest of the Asian markets were trading in positive territory. Japanese investors actively bought up the papers of technology companies and even car manufacturers. H. Kuroda was elected Governor of the Bank of Japan for a second term. The representative of the Ministry of Finance of Japan said that a stable position was important and that the government's approach to monetary policy remained unchanged until inflation reached the 2% target. On this news, the yen is spawning above the high of November 2016, reaching 106 yen per dollar.
Yesterday it was lot of statistics for the United States, which was not positive. The number of initial applications for unemployment benefits increased to 230 thousand , which is 2 thousand higher than expected. Industrial production declined 0.1% in January, with expectations of 0.2 % growth, which could be a consequence of the cold weather. The New York fed manufacturing activity index fell to 13.1, with expectations of 17.5. The core US producer price index rose 0.4 % in January, with expectations of 0.2 % growth, and Core PPI rose 2.2 percent year-on-year, with expectations of 2.1 %, indicating inflationary pressures.
Today, in the morning, futures for major US indices are consolidating at the levels of the previous close. Reports of the corporations are pushing investors to new purchases. Cisco Systems reported better than forecasts for both profit and revenue, and also issued an optimistic forecast, the company's capitalization grew by 4.73%. Apple shares jumped by 3.36%, amid news that Berkshire Hathaway has increased its stake in the company. The best sectors on Thursday of steel technologies, production of durable consumer goods, industrial paper, health care and utilities. Today Coca-Cola will report before the opening of the market.
Oil futures are mostly rising against the background of a weak dollar. There were few other news for the market. In favor of buyers want to note the growth of consumption. India imported 4.3 million barr. last month., which is a record. In China it was also registered a record volume of oil imports. It is also worth noting the statement of the UAE Minister of oil Suhail al-Mazrui, who considers the OPEC+ format to be the basis for long-term cooperation.