US stock indexes ended the trading session around the previous close levels on the background of mixed statistics. Thus, the increase in the number of initial unemployment claims in the US to 277 thousand versus 267 thousand previously and fall of the country's manufacturing PMI to 50.8, which is 0.6 worse than expected, had negative impact on investor sentiment. On the other hand positive news have become the increase in construction costs by 0.7% in August, which is 0.3% better than the previous growth. Today is forecasted a strong increase in volatility following the publication of a report on the labor market in the US for September (12:30 GMT). Less impact on the mood of traders will have data on the volume of factory orders in the US. Our medium-term outlook remains positive.
European stocks today show solid growth before the publication of important statistics on the US labor market. In addition, Mario Draghi noted the acceleration of growth in the euro area and the success of the program of quantitative easing, which is the main reason for the improvement of macroeconomic indicators. Today, British investors have been cheered by the data on construction PMI which rose to 59.9 in September, against the forecast of 57.5. We expect an increased level of volatility today and maintain the medium-term positive outlook.
Major stock indexes in Asia and the Pacific rose today. The Japanese market closed the trading session around the previous close at the contradictory statistics according to which the unemployment rate in Japan rose by 0.1% to 3.4%, but household spending growth accelerated in August to 2.9% per annum against forecasted 0.4%. On Monday, in China will be a day off. And the dynamics of trading in the region will be affected by the news on the labor market in the US in September. Our medium-term outlook remains positive despite the high probability of continuing strong volatility in the near future.