Futures prices for Brent crude hovering near the psychological level of $40 a barrel amid forecasts of further increase of oil reserves in the U.S. and contradictory statements by the representatives of OPEC included in the run-up scheduled for April 17 meeting in Qatar on the issue of “freezing” of oil production. Major Asian stock indices are mostly small losses. Futures on leading U.S. stock indices this morning slightly add. Premarket European session in the current moment indicates a small increase of the main European stock indices at the beginning of the trading day.
Most of the trading rooms in Europe were closed Monday in connection with a non-working day – a celebration of Easter Monday (Easter Monday). Relative calm in European markets in recent times may just be the calm before the storm another European, since neither the sovereign debt crisis, nor the crisis of unbalanced budgets, and the Greek crisis, immigration crisis, have not yet received their permits, while continuing to weave in a tangle difficult to solve in short time any problems.
The U.S. stock market on Monday showed no single dynamics. The index of “blue chips” the Dow Jones rose by 0.11%, while the increase among his component was allocated the shares of General Electric (+1.22%). The index high-tech NASDAQ fell by 0.14%. An index “the wide market” S&P500 (+0.05%) showed weak growth, and growth in its industry spectrum stood out the index of the consumer goods sector (+0.5%). Published on Monday, data showed U.S. economic statistics, for the most part were positive. The number of outstanding transactions on sale of housing in the U.S. increased, exceeding forecasts, and expenditures of households in the U.S. rose again in February, but slower than personal income, which was associated with an increase in their savings. Speaking the head of the Federal reserve Bank of San Francisco John Williams said that the U.S. economy is in good condition, and current problems are global economic and financial developments. According to him, there is considerable uncertainty regarding the development of the situation in the world and how this will affect the dynamics of the US dollar and the us economy.