US stocks yesterday showed a slight decrease under the pressure of drop of shares of Apple, which lost about 3.5%. Investors also negatively assessed the weak data from China. It is worth noting that the volume of factory orders in the country rose by 1.8% against a decline of 1.1% in the previous month. Today, the dynamics will depend on the data on non-productive PMI (14:00 GMT) and the change in the number of jobs in the private sector of the US (12:15 GMT). The focus of investors this week will be on the labor market report on Friday. In the near future indexes will probably consolidate near the current levels. Our medium-term outlook remains positive.
Major European stock indexes have little changed yesterday. Investors are waiting for new signals to determine the direction of the medium-term price movement. Today has been published statistics on the service PMI in the euro area, which rose to 54.0, vs. expected 53.8. The same index in the UK fell to 57.4, compared with an expected decline to 58.1. The main negative factor for investors, was the fall in retail sales in the euro area by 0.6% in June. Our medium-term outlook remains positive and we expect increased activity of investors in the coming days.
Major stock indexes in Asia and the Pacific region showed different dynamics. The fall at US markets has negatively affected investor sentiment. The Japanese market is supported by the fall of the Japanese yen. Volatility of the Shanghai index has declined, but remains at a high level. We recall that the authorities in the country adopted a series of stimulus measures including the liberalization of foreign investments and lower interest rates. Support for the Australian market became data on the growth of retail sales in the country, which were published yesterday. Tomorrow is forecasted the increase of investors’ activity after the release of the report on the unemployment rate in the country. We are upbeat on growth prospects in indexes of the region in the medium term.