Next week promises to be rich in economic events, despite the New year
On 28 December, world stock markets began to level off the situation, there has been a new revenge. The European market at the start of trading showed an increase: the STOXX 600 rose by 0.98% (332,82 points) and the British FTSE 100 actually gained 1.2 percent, Reuters reported.
Thus, Europeans rebounded after yesterday’s failure, when the pan-European index fell to 327,34 paragraph is a minimum of 9 November 2016.
Today, investors are full of optimism. As soon as Brent has risen in price by 1.97% and reached $of 53.19 per barrel went up the shares of companies from the fuel sector — Aker BP John Wood Group, Subsea 7 and Premier Oi. They increased from 2.5 to 5.5%.
Besides the calming effect given rollback of quotations on the American sites. After seduta and the scandalous collapse of the us markets in the Catholic Christmas eve, there was an impressive correction. The Dow Jones rose by 1.14% (23,138,82 points), the S&P 500 is down 0.86% (up to 2,488,83 points), Nasdaq Composite — on 0,38% (6,579,49 points).
However, experts believe that the buildup of stock markets is not over. The holidays are not a problem for speculators.
“New week, despite the holidays, will be quite interesting. Every speculator who does not know what to do on Christmas vacation, will find a trading idea and to tickle nerves while eating Olivier”, — assured the Deputy Director of the analytical Department at Alpari Anna Kokoreva
She believes that the market situation can affect the business activity index, which on 31 December will publish the China. “In recent months, the macroeconomic statistics of China is not homogeneous, once the deterioration of the data may lead to volatility in the commodity markets” — says Kokoreva.
Tuesday around the world will celebrate the New year, so trade will not.
“But on Wednesday, activity in the foreign exchange market will resume. Spain, Italy, France, Germany, UK, USA and EU will publish statistics on business activity in the manufacturing sector in December. Expectations for European statistics are positive, however, according to the regulation, the Euro/dollar continues trading in the range of 1,125-1,15. In the UK the expected deterioration of the data, which in principle can strengthen the pound,” said Kokorev.
January 3, investors will be watching the statistics from ADP by the number of people employed in non-agricultural sector of the USA in December. According to forecasts, their number will decrease from 179 thousand to 175 thousand markets Usually react negatively to the deterioration in employment, but at the moment unemployment in the States at a minimum for the last 50 years levels, so volatility may be low. More Americans should publish the index of business activity in the manufacturing sector for December from the ISM. According to forecasts it is expected to decline.
“In conjunction with the deterioration in employment, the Euro/dollar can return to the area of 1.15,” calculated OK.
4 Jan unemployment data should be published in Germany. The EU and the UK will publish statistics on business activity in the services sector. Even the EU will present data on inflation, which in December may be reduced to 1.8%, analysts say. Data on the labor market will represent the United States and Canada. Speech by the head of the Federal reserve.
“On Friday, perhaps the market is waiting for the biggest volatility for the whole week,” said Kokorev.