08.09.2015 - Optimism on China supported markets

Trading session in the US was closed yesterday due to a holiday in the country. Today indexes may show growth against the background of optimism in the world and enhance the Chinese stock indexes. The dynamics of trading will be affected by data on the index of optimism in the small business (10:00 GMT) and the volume of consumer credit in the US (19:00 GMT). An important event tomorrow will be the presentation of new products the world's largest corporation Apple, which can support the growth of the markets. We maintain a medium-term negative outlook on the US indexes.

European stock markets showed growth yesterday and today continue to rise amid optimism from China, where the central bank announced on the imminent completion of the turbulence on the stock market of China. Today, investors were pleased with a report on the growth of the trade surplus in Germany to 22.8 billion in July, that is 1.0 billion better than expected. At the same time preliminary data on GDP growth in the euro area by 0.4% in the second quarter, compared with an expected increase of 0.3% has become a positive. Our medium-term outlook remains positive, but volatility will be increased in the coming weeks.

Major stock markets in the Asia-Pacific region did not show uniform dynamics. So, the Chinese stock indexes rose, in connection with waiting of stabilization on the stock markets of the country, which is projected by the central bank. Also today, was published data on China's trade surplus, which surplus totaled 60.2 billion in August against the expected 48.6 billion. At the same time, the positive statistics from Japan failed to change the negative sentiment caused by the strengthening of the yen. Thus, Japan's GDP in the second quarter fell by 0.3%, which is 0.1% better than expected, and the balance of payments in July totaled 1.32 trillion, against the expected 1.25 trillion. The situation in the region continues to depend on the state of the Chinese stock market and economic growth. We predict stabilization in the coming weeks, after which growth may resume.

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