Analytics on 30/11/2017

On Wednesday, the stock indices of America have not shown uniform dynamics, and closed mixed. The Dow Jones rose by 0.44% (23940.68), S&P 500 dipped 0.04% (2626.07), the Nasdaq fell by 1.27% (6824.39). European markets also did not have a single direction. The German DAX gained 0.02% (13061.87), British FTSE 100 down 0.90% (7393.56).

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 09:45 MSK Swiss GDP
At 10:00 MSK the Index of housing prices Nationwide in the UK
At 10:00 MSK retail sales Germany
At 11:55 MSK the change in the number of unemployed in Germany
At 13:00 MSK the Eurozone CPI
At 13:00 MSK OPEC Meeting
At 13:00 MSK the ECB representative Pratt speaks
At 16:30 MSK the Number of initial applications for unemployment benefits USA
At 17:45 MSK the Index of business activity (PMI) in Chicago
At 21:00 MSK FOMC member Kaplan speaks

Against the background of reaching agreement about Brexit, the pound has continued and accelerated its growth, which led to the decline in the national index. France reported the GDP for the third quarter. The indicator increased by 0.5%, which fits with forecasts of analysts. In Germany released the consumer price index for November, while year-on-year was lower than expected at 0.1%, and month-to-month has not changed and matched the consensus forecast.

Yesterday the American market has supported with data for GDP for the third quarter it grew 3.3%, which was better than analysts expected 3.2%. Multidirectional dynamics in the US stock market was due to profit-taking and reduction of positions ahead of the Senate vote on the draft tax reform, which will be held today. Now it is appeared the progress and chances of success. But in the case of the failure of the bill, or transfer the vote to another time, as it was with other initiatives Donald Trump in the stock markets can come the correction, which can have the effect of a collapse.

Yesterday the high volatility in the oil market was due to the release of official data about reduction of inventories in USA. According to statistics from the Ministry of Energy it fell by 3.4 million barrels, while the expected reduction was 2.4 million. On this after the sharp decline in prices quickly returned to your level. Today, however, the results of the OPEC meeting, it is quite probable correction regardless of the outcome of negotiations for the renewal of the agreement. Saudi Arabia is interested in the high level of oil prices, because of plans to arrange an IPO of the state oil company, so the country is interested in extension of the deal, OPEC+ to the end of 2018. There is a worry that Saudi Arabia and Russia fail to settle disagreements on the eve of today's meeting.