World Stock Indexes Trading - page 34

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This week, another risk factor that may weigh on the global economic growth: the downward revision of Chinese growth estimated by the prime minister. Briefly, a more optimistic speech may be adopted, supported by the release of economic information aimed at strengthening activity, while in terms of inflation the ECB should maintain a cautious discourse.
 
Yesterday the price of crude fell by more than 5 percent after the Energy Department revealed last week that oil inventories increased by 8.2 million barrels, compared to an expected increase of just 1.2 million barrels.
 
For the asset purchase program launched in 2015, the ECB indicated that it will continue to make acquisitions at a monthly pace of 80 000 M.€ until the end of March and from April onwards the purchases will be at a rate of 60 000 M.€ until the end of December, or later, if necessary. The main novelty was that the ECB had withdrawn from the statement the phrase about whether the ECB could use “all instruments available” to apply more stimulus to the economy. Mario Draghi explained that this phrase was withdrawn to “signal that the ECB considers that the sense of urgency, which existed when there was a risk of deflation, has disappeared.”
 
It should be recalled that the rise in inflation, which reached 2.0% last month (the ECB target) triggered some expectation regarding the possibility of a faster withdrawal of stimulus from the Central Bank, as well as a change in the interest rates of reference. However, the ECB has not been confident of a sustained rise in prices, especially after data confirming that underlying inflation remained subdued. Investors will also take advantage of the speech by Mario Draghi, President of the ECB, to look at more details on the monetary policy conducted by the ECB.
 
According to a study conducted by Bank of America in the week ending March 13, stock funds have been redeemed in the order of 8900 M.USD, the highest amount in the previous 38 weeks.
 
With regard to the real estate market, sales of new homes increased from 6.10% in February to 592,000, the highest of the last 7 Months. Estimates pointed to the 564,000 houses sold.
 
Many traders are already thinking about fresh strategies and the market forces which will shape the 2nd quarter of 2017. With that in mind, now is a good time to revisit and reconsider our individual trading styles and faults, and to see what we can improve.
 
Waiting tomorrow's speach
 
Last Thursday investors' apprehension about the geopolitical situation in the Middle East and the Korean peninsula has resulted in a greater aversion to risk, especially since only European equity markets will reopen on Tuesday.
In this context, it has become uncomfortable for many investors to assume excessive exposure to risky assets.
Thus, there was a sale of this type of asset, whereas the gold and the bonds of the states considered more secure were much sought after.
 
The US market also received positively the results of the French elections.
The financial sector was the leader in the S & P 500, while the Nasdaq Composite reached a record high.
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