Analytics

Yesterday European markets traded in consolidation manner as the referendum on Britain's membership in the EU approach. However some factors supported the markets such as the strong oil market (Brent fixed above the level of $ 50 per barrel), unexpectedly good data of ZEW index, which showed that confidence in the German economy rose to a value of 19.2 points, brought indexes in moderate gain.

Yesterday, European markets started the day with a rally. Based on a recent poll Brexit supports decreased, and investors took the opportunity to use the favorable market conditions for a mid-term entry (DAX +3.4%; CAC 40 +3.5%).

On Friday, European markets managed to reverse the negative trend and showed a considerable growth (DAX +0.8%; CAC 40 +0.1%; FTSE 100 +1.2%). The weak US dollar supported the commodity market and the oil market while low Brexit risks returned the demand for raw-materials and the financial sector. At the end of Friday trading, the US market could not enter the green zone (SP 500 -0.33%; DOW -0.33%; NASDAQ -0.92%)

On Thursday, the European shares market continued to decline. All key sectors declined. Most indices managed to step up from the minimums of the day as they were locally overbought. During the day, Brexit risks as well as concerns regarding economic stability in the USA and China pressured the markets.

Yesterday, European markets moved to an unexpected growth. This in our opinion was caused by the closure of sell positions before: the Fed meeting and the Bank of Japan meeting, as well as the awaited comments from the US regulator.

On Tuesday, European markets continued to decline and some indices reached the level of April 2016. The market sentiment remained away from risks as investors awaited the main event of the week:The Fed meeting as well as the comments regarding regulator further plans.

Yesterday, global markets continued to decline. Conflicting macro-economic data from China, the expected Fed meeting and the risks of Brexit pressured the market and investors took wait-and-see position. The recent survey showed that 53% of voters supported Britain exit from the EU against 47%.

On Friday, developed countries stock market continued to decline. The general sentiment was negative: investors closed their positions before the weekend, trades were at low volumes in a sideway and consolidating range.

On Thursday, European markets continued to decline. Due to the lack of statistics, market players were focused on the speech of the ECB chairman. Investors worried about the negative assessment of prospects for the European economy.

On Wednesday, during trading, European indices have declined. The markets decreased despite the increased commodity markets and particularly the oil market. At the end of the day, the German DAX -0.7%, CAC 40 -0.6%. US stock exchanges continued their inertial growth on low trading volumes based on the considerably weak US currency and lowered risks about the tightening of the monetary policy in the nearest time.