From March 28 to April 1, positive dynamics were observed on Western exchanges, the trading week on US stock exchanges passed under the sign of a “bullish” trend, and positive dynamics were also observed on European exchanges.

In the week from March 28 to April 1, positive dynamics were observed on Western markets. Risks in the Middle East, which led to another round of rising oil prices, risks in the Eurozone and Japan are not enough to prevent the growth of world stock indices, believe IFD Kapital.

US exchanges

The trading week (March 28 – April 1) was marked by a bullish trend. The American stock market index Standard & Poor's 500 rose by 1.4% to 1332.4 points. The NASDAQ Composite index added 1.7% at the end of the week, stopping at 2789.6 points. The Dow Jones Industrial Average rose by 1.3% - up to 12376.7 points.

In addition, according to IFD Kapital, the S&P 600 SmallCap index exceeded the pre-crisis level, which was a historical maximum. The NASDAQ 100 technology index also reached pre-crisis levels.

According to Promsvyazbank analysts, the US stock market grew last week against the backdrop of better-than-expected macroeconomic statistics and corporate news. According to published data, unemployment in the US fell to 8.8% in March, while the market did not expect any changes. At the same time, the number of jobs in the American economy increased by 216 thousand last month, while this figure was expected to increase by only 190 thousand.

According to Nord-Capital analysts, the bulk of liquidity this week will continue to be concentrated on the American stock market, which is preparing for the next season of corporate financial reports.

According to Oppenheimer Asset Management senior technical analyst Carter Worth, the US market has already recovered losses since the fall on March 16. From a technical point of view, judging by the growth rate and timing, the correction has already been completed. “Our immediate goal is 1360 points for the S&P. However, one of the details of the emerging picture is extremely alarming: the financial sector, which is the most important in the S&P index, is lagging behind. In a growing market, investors should select the laggards, especially when it comes to American banks, however if this does not happen, the stability of the rally can be called into question,” the expert emphasized.

Sarasin senior strategist Philippe Bartschi recommends paying attention to shares in the energy sector, where share prices are still quite low. They still correspond to oil prices around $80/barrel.

Europe

Positive dynamics were also observed on European markets. Based on the results of the week from March 28 to April 1, 2011. The British FTSE 100 index increased by 1.8% to 6009.9 points, the French CAC 40 increased by 2.1% to 4054.8 points. The German DAX 100 index rose 3.4% to 7,179.8 points.

European indices gained momentum last week on the back of optimistic data on the labor market and business activity in the European region. Thus, the unemployment rate in the eurozone countries in February 2011. decreased and amounted to 9.9%. This was reported in a published report by the European statistical agency Eurostat. The released data coincided with analysts' forecasts.

Meanwhile, the rate of consumer price growth in the eurozone accelerated to 2.6% year on year in March, up from 2.4% in February, the highest since October 2008.

This week, the ECB meeting (Thursday, 15:45 Moscow time) and the almost inevitable rate increase will be important for the markets. Analysts at IFD Kapital expect a minimal and one-time rate increase, which is almost completely taken into account by the markets. Thus, after the press conference of ECB President Jean-Claude Trichet (Thursday, 16:30 Moscow time), a correction in the euro and some rebound in European indices are possible.

Quote.rbc.ru

Western markets: the bullish trend is strengthening