Weekly reviews

2016 last trading day markets are mixed, Oil on highs, as Euro gained to 1.0540

Today, December 30 on the last business day of the outgoing year in the UK market will close early at 12:30 (London), in Germany early closing at 15:00 (Berlin)

Yesterday on Thursday, US stocks closed in the red, a trading activity remains low, in anticipation of the New Year holidays. The trading volumes on Thursday amounted to approximately 50% of the average daily volume.

Economic indicators this week were mixed, allowing investors to remain calm and not to hurry with  massive changes in their portfolio. Weekly jobless claims fell, at the same time, the trade deficit grew more than expected. However, the data was enough to start the correction in technically overbought market of US dollar. Oil prices rose on expectations of production cuts by 2% of the total production in the world.

Asian stock markets closed mixed today, investors are not inclined to risk, in the course of the last trading session of 2016. Amid lack of important economic news, investors pay more attention to currencies and prices for raw materials.

Today European indices decline during trading last session of the year. The trading volume below the monthly average, by about 65%. However US indices futures traded in the green zone.

Today FOREX market display some increased trading activity. The weakening of the US currency continues. The dollar index fell to the level of 102 points that led to a sharp gain in European currency. The EUR / USD returned to Eur1.0540 levels. Due to the US dollar weakness Brent oil market is very close to the maximum of the year $ 56.70.

After a weak start in the beginning of the year completion of the current year can be estimated as mixed for European markets. Signs of China economy stabilization, gained oil prices, major central banks support and Trump victory, all together helped investors to believe in world economy in general and the European market in particular. However, the pan-European Euro Stoxx 600 index finishes the current year with 1.6% decline. Next year Europe are waiting for two critical events, presidential elections in France and Germany, which will create additional risks. Today in the US Chicago PMI data to be published. However, it is unlikely that this can influence the markets.