Anchor resume from 7 to 14 of April 2017
Tuesday, 18 of April 2017
After a semifestive week, this is the balance of the markets and the analysis of the evolution of the main indexes and the most important macroeconomic zones.
From the United States we have followed closely the statements made by Trump’s administration and its conflict with North Korea. According to the latest statements, several sources pointed out to the possibility of making an attack on the country's nuclear facilities.
With regard to the macroeconomic vision, the member from the FED, James Bullard said that growth is approaching to the +2%, so he considered it necessary to start the reduction of balance. On the contrary, he did not consider the need to make new type increases. Meanwhile, Yellen maintained his speech in which she advocates a progressive increase of rates, which had no effect on the markets.
Overall, during the last few days we identified outflows from the US equity markets, leading the main selectives to suffer falls of -1,30% in the technology Nasdaq Composite (ending on Thursday around the 5.805), while the S&P-500 suffered a fall down of -1,20% (up to 2.328).
In the Eurozone, we were able to count on few macroeconomic references. Among the most significant, we can highlight the rebound of the investment confidence in the month of April in Germany (current 19,5 vs. 14 expected), and wholesale prices which were lower than expected (+0% vs. current +0,4% expected).
During the current week we will be following the French elections that will take place next Sunday. In the last survey, the left-wing candidate Mélenchon appeared to gain momentum in the deterioration of the position reached by Macron.
European equity markets also fell slightly, with -1,1% in the IBEX-35 and STOXX-50, ending around the 10.326 and 3.448 respectively.
In the Asian continent the Korean conflict with the US penalized the markets down, it has even been said that this could be the new black swan in the markets. As for the data released from Japan, we highlight the upturn of +22% in machinery orders. Price indices, on the other hand, remained weak, with variations below those expected by the consensus (IPP +0,2%). The region's main selector, the NIKKEI-225 ended the week with falls of -2% to 18.426, penalized by a stronger Yen (now at 115 EUR/JPY).
With regard to commodity markets, the great beneficiary was the ounce of gold in the face of growing concerns about the French elections and the US conflict with Korea (among others). With this, the ounce of gold went up to 1.287 USD/Onz. (+2,64%). While the Barrel of Brent maintained the levels of 55,89 USD/Brent.