American stock indexes showed a decline yesterday after the publication of weak statistics from China and rising geopolitical tensions in the Middle East. In addition, in the US has been published statistics on the weak construction spending, which fell by 0.4% in November, against expected growth of 0.7%. US manufacturing PMI fell to 48.2, against 48.6 in the previous period. Today, in the US will not be published important statistics, but volatility growth is projected tomorrow after the publication of minutes of the previous meeting of the Federal Reserve, where it was decided to raise interest rates by 0.25%. We expect the decline on the US market, but in the near future there is a possibility of correction after the recent decline.
Major stock indexes in Europe yesterday showed a decline after the Asian markets on weak data from China and geopolitical tensions in the Middle East. It is worth noting that the positive statistics on the manufacturing PMI in the euro area, which rose to 53.2, which is 0.1 better than expected, could not change investor sentiment. Today was published statistics on the number of unemployed in Germany, that decreased by 14 thousand, which is twice less than the forecasts, but core consumer price index in the euro area remained at 0.9% against the expected 1.0%. After the recent decline, we expect growth in the stock markets of Europe and maintain the medium-term negative outlook.
Markets in the Asia-Pacific region showed decline for a second day against the background of weak statistics from China and a stronger yen, which traditionally puts pressure on quotes of export companies in Japan. The Australian market is under the pressure of weak statistics from China and the weakening of the yuan. According to our projections, the market situation in the region stabilizes after the recent rise in volatility and an upward movement may be resumed. Our medium-term outlook remains optimistic despite the recent fall.