04.09.2015 - European markets fall before the statistics on unemployment in the US

US stock indexes finished yesterday's trading session around the previous close. On the one hand the number of initial unemployment claims in the US rose to 282 thousand, compared with an expected 273 thousand. The US trade deficit totaled 41.9 billion against the expected 43.2 billion. Among the positives it is worth noting that the service PMI was 59.0, which is 0.7 better than analysts' expectations. Today, the attention of investors will be focused on statistics on employment in the US (12:30 GMT). These statistics lead to increased volatility on the market. We are forecasting an increase in US stock markets in the medium term.

European stocks are falling after yesterday's press conference, ECB President Mario Draghi, during which he stressed the willingness to strengthen the incentives to support economic growth and inflation forecasts in the euro area which have been worsened by the ECB analysts. Today the downward pressure on the course of trading had news on the volume of industrial orders in Germany, which in July fell by 1.4% against an expected decline of only 0.5%. We expect growth on the markets of the region in the medium term.

Markets in the Asia-Pacific region showed different dynamics. Australian index regained some of yesterday's losses, but Japanese markets dropped ahead of today's publication of statistics on the US labor market. Japanese indexes are still defendant from the dynamics of the Japanese yen, which promises to be volatile in the near future. It is worth noting that the Chinese markets were closed due to public holidays in the country. We expect a stabilization of the markets in the region after which growth can resume.

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