Yesterday, stock indices closed in different directions. The Dow Jones rose by 0.16% (20,100.91), S&P 500 dropped 0.07% (2296.68), the Nasdaq dipped slightly by 0.02% (5655.18). European stocks also did not have a single direction. Germany's DAX gained 0.36 percent (11848,63), British FTSE 100 lost 0.04 percent (7161,49).
Today it is expected a number of events and publications of macroeconomic statistics that may affect investor decisions during the trading sessions.
At 13:00 MSK the Meeting of EU Finance Ministers.
At 16:30 MSK the United States it will be published data of basic orders for durable goods for December.
At 16:30 MSK the United States it will be published data of GDP for the 4th quarter.
At 18:00 MSK in the USA it will be published index of consumer sentiment from the University of Michigan in January.
At 21:00 MSK in America it will be published data on the number of drilling rigs from Baker Hughes.
Now on the stock market of England volatility is reduced after the correction of the growth last week. Beginning from Monday the British FTSE 100 is in a narrow range consolidating in anticipation of new momentum. This behavior is due to the imposition by the government of the draft to Parliament to start the process of exit from the EU. Earlier the Supreme Court of England prescribed that the last word in this process should be come from the House of Commons. The final vote in the Brexit will be held on 8 February. Thus, the stock market countries are still drifting in uncertainty. Support him yesterday provided the data of GDP for the 4th quarter, showing an increase of 2.2%, which was better than forecasts of analytics.
In America, the ongoing quarterly reporting season, news which yesterday was not straight. Ebay, owner of the eponymous website, specializing in internet auctions and sells goods online, yesterday added to the capitalization of 5.5% after a report about a quarterly profit above analysts ' forecasts. In spite of promises of concessions in taxes and regulation from Donald Trump for the automotive industry, Ford Motor company yesterday reduced the capitalization by 3.21%. This was influenced by a report on the losses in the 4th quarter, as well as news about the closure of the plant in Mexico.
The oil market remains positive, despite the non-stop growth of inventories in the United States. For three weeks, the reserves rose by 9.3 million barrels. Confidence in growth of oil prices, which translates to OPEC investors Committee for control over execution of the Treaty of Vienna, outweighs news about growth of inventories. Now the price of oil WTI is at the level of 53,80, which is close to the upper border of a wide range of 50,70-54,25, where quotes traded a month and a half. It will be possible to see a correction of growth upon reaching the upper level of consolidation. Today investors will pay attention to the publication of data of the number of drilling rigs from Baker Hughes.
Sincerely, Global FX chief analyst Sergey Melnikov.