On Monday, the stock indices of America have not shown an uniform dynamics and closed mixed during a low volatility. Dow Jones rose 0.08% (25219.38), S&P500 increased 0.04%(2732.22), Nasdaq fell 0.23% (7239.46). The European Union has demonstrated a single negative trend. The German DAX fell by 0.53% (12385.60), British FTSE 100 dipped 0.64% (7247.66).
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 00:45 MSK the Index of producers purchase prices of of New Zealand At 01:15 MSK a Speech the Deputy Governor of the RBA Bullock At 03:30 MSK the minutes of the meeting of the monetary policy of Australia At 10:00 MSK the producer price Index (PPI) Germany At 13:00 MSK the current situation Index ZEW in Germany At 13:00 MSK the ZEW economic sentiment Index in Germany At 13:00 MSK the Meeting of EU Finance Ministers At 13:00 MSK ZEW economic sentiment Index in the Euro area At 14:00 MSK the Index of factory orders (CBI) in the UK At 16:30 MSK the Volume of wholesale sales Canada At 17:20 MSK the Index of prices from GlobalDairyTrade
On Monday, trading in the European stock markets took place in the negative territory at low volumes. Important macroeconomic statistics within the region were not published, and investors focused on corporate news. Among the outsiders of the day was also a German automaker Daimler. Its market capitalization has decreased by 2.54% due to reports that it may have used the software, lowered the actual level of exhausts. Also, the shares of mining companies looked worse than the market, and the reason was the proposal of the US Department of Commerce, providing for the introduction of protective duties on imports of aluminum and steel. Today in the morning, the main Asian stock indices do not show a single dynamics, the European session premarket shows a slight change in the leading European stock indices.
Yesterday, the US stock market was closed for a national holiday, President's Day. This week the focus of investors will be directed to the publication of the minutes of the last fed meeting on Wednesday, February 21. The fed may take more aggressive actions to tighten monetary policy because of the growing fears about accelerating of inflation and increasing budget deficits, and the fed's minutes on Wednesday will be likely indicator of a willingness to do so. Therefore, until Wednesday it is quite possible to see the consolidation on the US stock markets.
Yesterday, the dollar during the trading made cautious rebound attempts, which were continued today. So far, there is no specific explanation for this movement, given that yesterday was a day off, and no significant statistics have been received. In previous months, the U.S. currency showed a negative trend under the influence of a number of factors, such as the statements of the Minister of Finance Stephen Mnuchin, raising fears about the possible interest of the us administration in a weak national currency.
Oil prices rose by more than 1% as the results of yesterday, which occurred against the background of the positive situation on the world stock markets, as well as the statements of OPEC Secretary General Mohammed Barkindo about the overfulfilling of the agreement on the reduction of oil production in January by 133%. Due to the celebration of President's Day in the United States, data on stocks from API and EIA will be published on Thursday 00:30 and 18:30 MSK respectively.