Monday, February 15 (8:47) Update: Monday, February 15 (10:14)
Contracts on the Euro Stoxx 50 lookup of 2,439 per cent., the FTSE 100 futures are rising by 1,840 per cent., CAC 40 futures up by 2,115 per cent., and on the DAX – are growing by 2,438 percent.
on Monday in Japan given that GDP fell in the fourth quarter. 2015. by 1.4 percent. in terms of annualized qoq. Analysts had expected a decline of 0.8 per cent., After rising in the third quarter. 1.3 percent. The markets are rising now speculation that central bankers are even harder to support the economy.
Japan’s GDP in the fourth quarter. Fell 1.4 percent. – Preliminary data
Japan’s gross domestic product fell in the fourth quarter. 2015. By 1.4 percent. in terms of annualized qoq – said in a statement government office in preliminary calculations. Analysts had expected a decline of 0.8 per cent., After rising in the third quarter. By 1.3 per cent., After adjustment of 1.0 percent.
On a quarterly basis, Japan’s GDP fell in the fourth quarter. by 0.4 percent. It was estimated a decline of 0.2 per cent., After rising in the third quarter. 0.3 percent. Nominal GDP fell in the fourth quarter. 0.3 percent. qoq. Here was expected to fall by 0.1 per cent., After rising in the third quarter. 0.6 per cent., After the adjustment of +0.4 percent.
The situation in the markets has also tried to stabilize the representative of China’s central bank.
Zhou Xiaochuan, governor of China’s central bank, used his weekend interview for the magazine Caixin, to calm the nerves of markets before the first week session in China.
for the past week the Chinese people celebrated the Spring Festival associated with the start of the new year according to the lunar calendar, and on Monday returned to the markets.
Zhou assured that the finances of China are in good condition, capital outflow is normal, and the exchange rate of the yuan stable against a basket of major currencies. This caused the strongest appreciation of the yuan against the US dollar since 2005.
“This comment Zhou changed the situation, can not permanently, but certainly in the short term,” – said Ric Spooner, chief market analyst at CMC Markets in Sydney. About 11.00, investors in Europe will know data on the trade balance of the euro area in December. On Monday, markets in the US are closed – Americans celebrate Presidents Day. It falls on the third Monday in February.
OPINIONS
Morning indexes in Shanghai started quite low, but over time began to recover. Very good opening week has had Nikkei225, which rose by 7.2%. Yes, investors reacted to weaker-than-expected macro data (annualized 4Q’15 GDP fell by 1.4%, consensus: -1.2%).
Had they believed in another BoJ intervention, who had just dropped after interest rate below zero? Today there is no trade on the US indices, but contracts on the S & amp; P500 work and show a 1% increase. Their counterparts on the DAX rising by more than 2%. The German index is the more important point that was on a trend line drawn through the holes of 2009 and 2011. If the optimism on foreign markets continues, WIG20 and FW20 again dostałyby the chance to test area 1800 points.
Krzysztof Pado DM BDM
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Morning on the trading floors began in high spirits after the session passed the great Tokyo. Demand for risk appeared earlier, on Friday, when the price of a barrel of WTI crude oil has grown by as much as 12%. Repeatedly we mentioned that oil plays in the function of this indicator mood among investors, so such a strong reflection of this material heralded good events also on the trading floors.
Before going to Japan to mention China, which back in the game after a week Christmas break. I can tell – back in the old style. Like the January 4 were published bad data, but this time the market reaction was different. January brought a decrease in Chinese imports by 11.2% per annum are expected to decline by 1.9%. Except that imports fell by as much as 18.8%, which means that the trade surplus even increased. There is no doubt that we are seeing the economic slowdown in the Middle Kingdom, but we know about it and the market apparently had to get used to it.
panic reaction, therefore, was not, and the Shanghai Composite index falling by 0.59%, which for almost a full week of strong declines in Europe is not a bad result. As for Japan, it also met important macroeconomic data, which were also disappointing. In the fourth quarter of last year, economic growth in the year was -1.4%, and -0.4% per quarter.
Market accepted the principle of “bad is good” and reacted to this information with strong increases. Nikkei225 index gaining up to 7.16%; while the Topix over 8%! This translates into strong increases in collective MSCI Asia Pacific Index, which gained 4.3%, posting the best session since April 2009, when he left the global crisis on the stock market. The reason for such strong growth was of course reinforced speculation that the Bank of Japan will continue luzował monetary policy to stimulate economic growth and inflation.
Excellent session in Asia translates into a strong opening in Europe. DAX and CAC40 gaining more than 2%; IBEX almost 3% and the Italian FTSE MIB more than 3%. WIG20 just after 9 o’clock gained 1.40%. A clear decline in risk aversion is also visible at the price of gold, which has already tested the level of 1212, and yet on Thursday an ounce precious metal had to pay more than $ 1,263.
Today’s session should take place already under the influence of the morning mood, because the United States is celebrated President’s Day and the trading session will be held tomorrow.
Matthew Adamkiewicz
Analyst Financial Markets
HFT Brokers Dom Maklerski SA
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