American stock indexes showed a slight drop against the publication of data on the growth of wages in the second quarter, the pace is slowed to its lowest level since 1982 - 0.2%, which was 0.4% worse than analysts' expectations. At the same time, the index of US consumer confidence fell to 93.1 in July versus 93.3 in June. Today, the dynamics will depend on the data on personal income and consumer spending (12:30 GMT), construction spending and manufacturing PMI (14:00 GMT). The focus of investors this week will be on a report on the US labor market on Friday. We expect growth in the US market in the medium term, but we can see a decrease in the near future.
European stocks continue to rise gradually against the background of positive corporate reporting of European companies. Among the corporations that are in a wide European Stoxx Europe 600 Index, about 53-54% shows the results that are better than analysts' expectations. Today, positive for the market was the publication of data on manufacturing PMI Eurozone and the UK, which grew respectively to 52.4 and 51.9, it is better than the previous values of 52.2 and 51.4. On the one hand the markets continues to rise against the backdrop of the positive effects of the program of quantitative easing in the euro area to improve macroeconomic statistics, but the risks associated with the Chinese market and the uncertainty of investors in the US ahead of a possible raising of interest rates of the Fed in September restrict the growth of indexes in the region.
Markets in the Asia-Pacific region fell today against the background of weak statistics from China, where on Saturday was published data on the manufacturing PMI, which fell to 50.0, that was 0.2 worse than expected and the previous value. The comparable figure in Japan fell by 0.2 to 51.2. Surprisingly for investors, the Australian manufacturing PMI rose to 50.4 in July versus 44.2 in June. Excessing of levels 50.0 indicates expansion in the sector. At the same time, sales of new homes in Australia rose by 0.5%. Tomorrow the course of trading will be affected by the news about the decision of the Reserve Bank of Australia's monetary policy in the country. We expect growth in the markets of the region in the medium term, but volatility in China is likely to remain at a high level.