2015-01-13 10:19 Author: Michael Stajniak
The morning brings us mixed feelings poor of Asia and European bourses. In part, this is due to yesterday’s weak session on Wall Street, but above all to further sell-off in the oil market.
Asian session proceeded rather calm pace. Slightly positive data from China have not sufficiently encourage local investors to buy shares. In China, it is said that exports at current levels will be sufficient to support the general economic growth, but far too small to cause any major revival. On the other hand, imports indicates that local demand is not as low as expected. Shanghai Composite gained 0.19%, while the Hang Seng China grew by 0.39%. On the other hand, in Japan, mainly due to the plunge in the energy sector, the Nikkei 225 lost 0.64%.
Just before the start of the European session, futures on indices were close to yesterday’s close. Earlier before 8 AM showed a clear opening below the mark, as eventually happened. Sentiment in Europe affected primarily to further sell-off in the oil market, which affects the plunge in the energy sector and mining.
The market consensus expects growth tomorrow oil stocks in the US. In addition, Minister. Energy in the United Arab Emirates stressed that the UAE will remain with its plan to increase production even with unstable oil prices. Revision of the forecasts and predictions of Goldman Sachs, the oil market may prove to be accurate and OPEC will react only when the price of oil falls below $ 40 per barrel. At less than an hour after the start of trading in Europe indexes slightly acting out, CAC 40: 0.06%, DAX: 0.17%, the FTSE 100: 0.14%, WIG 20: 0.61%.
By contrast, Wall Street had a significant sell-off yesterday, mainly due to the fall in oil prices and the outflow of capital to safer areas, resulting in a decrease in profitability of American 10-year-old to the new wells from 2013. Also yesterday, the session officially began in the last quarter earnings season 2014 years. Alcoa boasted EPSem at $ 0.33, while the market consensus of 0.26% assumed. Also increased the company’s revenue to $ 6.4 billion (consensus of 6.02 billion USD).
The largest stock market in the last quarter of the developers last year sold about …
However, the expectations of the companies themselves weak and expectations of interest rate increases can cause the current season will not be encouraged to buy shares. The growth of corporate profits may disappoint this season.
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