07.08.2015 - Statistics on the labor market will influence the Fed's decision on interest rates

American stock indexes yesterday closed the trading session in the red due to weak corporate earnings report. Yesterday was published statistics on a number of initial unemployment claims in the United States, which increased by 3 thousand to 270 thousand. Investors are now waiting for an important report on the labor market in the US (12:30 GMT) from which will depend the expectations about the timing of the Fed raising interest rates. We expect a strong increase in volatility today and maintain the medium-term positive outlook despite the likelihood of falling indexes in the near future.

The main European stock indexes are corrected today before the release of vital statistics in the United States. Investor sentiment was overshadowed by weak data from Germany and the UK. For example, Germany's trade surplus totaled 22.0 billion in June against the forecast of 23.2 billion. At the same time, the volume of industrial production in the country unexpectedly fell by 1.4% against the forecast of growth by 0.3%. Britain's trade deficit rose to 9.2 billion in June, which is 0.8 billion less than in May. We expect a strong movement on the markets of the region in the near future. We keep a medium-term positive view.

Major stock indexes of the Asia-Pacific region showed a restrained dynamics, except for the Shanghai index which gained more than 2%. Support for the Japanese market today was the statement by the Bank of Japan, which kept the asset purchase program at 80 trillion yen, and noted that the country is experiencing improvement in the housing market. The risks associated with the volatility of the Chinese market will continue to put pressure on the indexes in the region. We maintain an optimistic outlook on the markets in the region in the medium term, but expect increased volatility in the near future.

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