Analytics on 29/11/2017

On Monday, the stock indices showed a strong positive trend and closed with significant growth. The Dow Jones jumped by 1.09%(23836.71), S&P 500 up 0.98% (2627.04), the Nasdaq added 0.49% (6912.36). European markets showed similar dynamics. The German DAX climbed 0.46% (13059.53), British FTSE 100 has jumped by 1.04% (7460.65).

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 the Volume of retail sales in Japan
At 16:00 MSK the consumer price Index for Germany in November
At 16:30 MSK FOMC member Dudley speaks
At 16:30 MSK U.S. GDP for the third quarter
At 17:00 MSK the President of the Bank of England's Carney speaks
At 18:00 MSK the Speech of fed Chairman Yellen
At 18:00 MSK the Index of pending home sales in the U.S. real estate market
At 18:30 MSK crude oil Inventories
At 20:00 MSK the President of the Bundesbank Weidmann speaks
At 20:45 MSK FOMC member Williams speaks
At 22:00 MSK Beige book fed

Trading session in Europe closed in the green zone for the first time for three trading session. In France, the consumer confidence index for November rose up to 102 points, surpassing analysts ' expectations. Final data on German GDP in the third quarter rose by 0.8%, also it grew by 2.8% compared to the previous year. All this contributed to a rise in the indices of the European countries. In leaders there were papers retail companies, in the near future, there will be seasonal buying mood amid pre-Christmas sales around the world.

Also yesterday the Bank of England announced the results of the stress tests of the largest banks in the country showed that they will be able to continue lending even in the case that Brexit would lead to economic decline. Under the stress tests have been seven British banks, the worst results showed Barclays and Royal Bank of Scotland. However, now it is clear that large banks in the UK does not require additional capitalization, and they are prepared to work normally.
US indices once again updated historical maximum, it was happen amid the statements of the candidate for the post of head of the fed Jerome Powell, who made it clear to the market participants of his commitment to the previous course of the regulator in relation to monetary policy. Also interest in risk was fueled by published the consumer confidence index for November, which amounted to 129,5 p, it exceeded the forecasted value of 124 p.

It can be watched as oil prices demonstrates inside the day fairly high volatility, but there no clear trend appears. Players are waiting for the results of the OPEC meeting, which will take place tomorrow. Oil slightly adjusted, but even the message on growth of inventories in the USA for 1821 M against the forecast the decline has not caused the wave of sales. Nevertheless, the probability of correction is still there. With the positive outcome of the summit, it will be a taking profits correction. If different from that already priced in, there will be slump.