Analytics on 28/11/2017

In the first trading session of this week's stock indexes of America have not shown an uniform dynamics, and closed mixed. The Dow Jones rose by 0.10% (23580.78), S&P 500 dipped 0.04% (2601.42), the Nasdaq fell 0.15% (6878.52). European markets were trading in the single negative dynamics. The German DAX fell by 0.46% (13000.20), British FTSE 100 went down by 0.35% (7383.90).

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 01:30 MSK FOMC member the Kashkari speaks
At 03:00 MSK FOMC member Dudley speaks
At 10:00 MSK the financial stability Report from the Bank of England
At 10:30 MSK the President of the Bank of England's Carney speaks
At 15:00 MSK the Index of German consumer climate
At 17:15 MSK FOMC member Dudley speaks
At 17:45 MSK FOMC member Powell speaks
At 18:00 MSK the Index of consumer confidence USA
At 18:15 MSK FOMC member Harker speaks
At 19:15 MSK the President of the Bank of Canada's Poloz speaks
At 23:45 MSK the Minister of the Treasury Mnuchin speaks

Yesterday there were not published any meaningful statistics in Europe and this may explain the relative passivity of European investors. Indexes sluggishly adjusted growth the previous session of the working movement range of the current consolidation.

Yesterday from Interesting statistics published in the United States it can be highlighted the data of new home sales for October, which showed an increase from 645 to 685 thousand, it was better than expectations of a decrease to 625 thousand. As in Europe, in America, strong movements were not observed. Indexes are in the consolidation at the current levels. Market participants in anticipation of the main event of the week, which will be a vote for tax reform in the Senate on Thursday. If votes will be missed, bill will have to be changed with one more postponement of the vote. It is possible that market participants now lay to prices just a probability of 20-30% of what the tax reform in the U.S. will be approved. The index of Wide market S&P 500, reached last week, the target level of 2600. It is likely there will be continue of consolidation during the next couple of sessions.

The main event today it will be the approval in the U.S. Senate of Jerome Powell to be the next President of the Federal reserve. Most likely the voting will pass without surprises. For market participants it is important the rhetoric of the candidate from which to be able to know the plans of tightening monetary policy of the Federal reserve. Judging from the clearly hawkish mood of Powell, it will be announced on the acceleration of increases in the key rate, which could push the dollar up.

As well as on the stock market, energy and commodities do not go beyond current ranges. On the eve of the OPEC+ meeting on 30 November, investors are concerned that the extension of the agreement to reduce production could push oil prices high next year, which will reduce global demand and may encourage American shale producers increase production further. However, the extension of the agreement may trigger pessimism in the market because of unfulfilled expectations. The resolution of the intrigue coming. The majority of the countries participating in the agreement, as well as new, express willingness to negotiate on the extension of period even longer than until 1