07.10.2015 - The optimistic sentiment continues to dominate the market
US stock indexes ended the trading session near zero marks. Negative for the market was the news about the growth of the US trade deficit to 48.3 billion in August, against 41.8 billion in the previous month. It is worth noting that the IMF has downgraded the outlook for global economic growth by 0.2% to 3.1% this year. Today, little impact on the mood of traders will have news on consumer lending in the US (19:00 GMT). Investors are waiting for the publication of minutes of the previous meeting of the Federal Open Market Committee of the Fed, which could lead to increased volatility. Our medium-term outlook remains positive, and we are waiting for the beginning of the corporate reporting season in the US.
Major European stock markets are rising today, despite the recent decline in Eurozone GDP growth forecast by 0.1% to 1.6% in 2016. At the same time the forecast of expanding this year was maintained at 1.5%. A strong positive factor for UK investors was the news on the growth of industrial production in the country by 1.0% in August that is 0.7% higher than analysts' forecasts. At the same time, industrial production in Germany fell by 1.2% against the forecast of growth of 0.3%. Investor sentiment tomorrow will depend on the news on the trade balance in Germany and the publication of minutes of the previous meeting of the ECB. Our medium-term outlook remains positive.
Markets in the Asia-Pacific region showed growth. Chinese investors returned to the market after the holidays. The Japanese market was supported by the statements of the Bank of Japan on monetary policy in which he predicted reaching the inflation target of 2.0% in mid-2016. In addition, the record profits of Japanese corporations can increase investment and raise wages in a country that appears positive on the stock market. Tomorrow will be released the data on the balance of payments and the volume of orders for engineering products in Japan. Our medium-term outlook for the index in the region is positive.