US market – Risks are ignored

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UNITED STATES (VOP TODAY NEWS) — The American stock market is growing, despite the risks. Brexit does not bother the public at all. Investors are hoping for a soft policy of the Fed and the ECB, as well as Chinese stimulus.

US stock futures are rising in premarket, ignoring risks. On Tuesday, key indices closed in a multidirectional format, Dow Jones lost 0.4% after Boeing. The nearest resistance zone on the S & P 500 – 2790-2820 points. With its passage the next reference point will be 2870-2880 points.

Positive factors

Monetary policy prospects of the Fed.Now the derivatives market lays an 81% chance that this year the Fed’s key rate will not be increased. Data on consumer and producer inflation in the US for February play in favor of this scenario. PPI published today slowed down the dynamics to 1.9% from 2% per annum.

The basic version of the index (excluding food and energy) reduced the growth from 2.6% to 2.5% per annum. Chinese stimulation. Since last week, the PRC leadership has announced plans for fiscal and monetary incentives, including tax cuts and the possibility of reducing bank reserve requirements.

The risks of

Brexit.On Tuesday, the British Parliament rejected a revised agreement with Brussels on the conditions for the country’s withdrawal from the EU. On Wednesday in the Parliament will vote on the possibility of Brexit without an agreement. If parliamentarians vote against this, then on Thursday there will be a vote on the question of postponing the procedure beyond the deadline of March 29.

The problems of the world economy. According to the OECD, the real GDP of the G20 countries increased in Q4 by 0.8% compared to the previous three months. In the third quarter, the rate of recovery was also 0.8%. Within the OECD, growth has slowed to 0.3% from 0.4%.

The organization includes the 36 most developed countries.

Orders for durable goods in the United States excluding the volatile transportation component in January decreased by 0.1% compared to December. Trade negotiations. Donald Trump said on Friday that he would only agree to a “great” trade deal with China and nothing else. There are risks that the meeting between the leaders of the two countries will not take place at the end of March.

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