US stocks: Trading on wall Street again pass under the sign of growth

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Yesterday the trading on wall Street again passed under the badge of growth of main financial indicators added slightly more than 1%. Markets are growing almost by inertia, because the results of the first quarter can be called one of the most outstanding in history. The first quarter was the best in 20 years for the majority of the world’s financial markets, and for commodity market over the last 10 years. Morning trading in Europe encounters oil at $69,0 per barrel.
Markets are growing, although the level of business activity from Markit IHS in the manufacturing sector declined in March at the fastest rate in nearly 6 years, and yesterday published statistics on the state of the US economy were mixed. It became known that retail sales in February in the US fell 0.2%, and it happened with the General expectations for a gain of 0.3%. Expenditure data on construction was already more optimistic – they increased by 1% instead of the planned reduction of 0.2%. And the index of economic conditions ISM in manufacturing sector rose in March vs 54.2% in February to 55.3%, which naturally caused the positive.
Do not forget about data from China. The index of business activity in the industry Caixin for March rose from 49.9 points to 50.8 points, although most economists expect the saving indicator at the previous mark.
So for now, global investors are willing to take a risk, but for how long this desire is unknown.
Trading on wall street yesterday took place with the decrease in medium volume operations, and is not a positive signal. On the other hand, to a historic high in the Index of wide market Standard & Poor’s 500 is quite a bit. Judging by the atmosphere, we have to wait for the throw to new highs in the U.S. stock market, and they occur against the background of a breakthrough in trade negotiations between the U.S. and China. Of course, if this breakthrough will be, and the mood of global investors will not be replaced.
Roman Blinov,
The head of the analytical Department of the company,
“International financial center”