Analytics

Yesterday despite good macro statistics (September index of investors economic expectations increased from 0.5 to 6.2 points expected 4.3 points, the current conditions index rose from 55.1 points to 59.5 expected 55.5 points)

For European markets, the new week started positively. Yesterday, Europe gained amid against the weakened euro and rising oil market. (CAC +1,06%, DAX +1,27%, FTSE + 0,75%) The American market also strengthened against the background of Clinton victory in the last debate. (SP 500 + 0.46% NASDAQ + 0.69% DOW + 0.49%)

Today US celebrates Columbus Day, but US market trading won’t be halted, however we don’t expect high trading activity. Also Japan and Hong Kong stock exchanges are closed, as the Chinese market has returned to work after a five-day vacation.

Decline of the European markets continues. Yesterday Europe closed in the red amid moderate losses. Yesterday the main news driver turned out to dispel fears about possible QE program decrease

On Wednesday, a moderate lose in European stock markets continued. Major European indexes fell within half a percent. The main pan-European news are now talking about decreasing the volume of QE. Nevertheless, the banking sector in Europe continues to recover from recent losses

Yesterday, the European indices continued to gain amid the recovery of the German market after Deutsche Bank story cooled. The markets were supported by oil and local weakness of the euro. However, Brexit concerns and uncertainty of future European Central Bank policy restrained positive.

Yesterday the European market traded under pressure most of the day although the indices were able to close on a neutral amid good business activity data. The leader of yesterday's growth was the British FTSE100 (+ 1.2%)

Friday's trading session was volatile developed countries markets. Most of the day Europe traded under pressure on concerns about Deutsche Bank problems, but with the US Agreement (Deutsche Bank may resolve their problems at the $ 5.4 billion instead of $ 14 billion as previously reported)

US indices futures are neutral today, while European stocks are down on the last day of the quarter, amid Deutsche Bank AG background as the anxiety is present and oil prices volatility.

On Wednesday, European markets were winning back the losses incurred earlier this week amid concerns about the financial status of Deutsche Bank. During the sale-off indexes were technically oversold and banking sector stocks got attractive for the medium-term.