The US stock market yesterday rose significantly, despite the decline in shares of McDonald's after the weak news from competitor Yum! Brands. It is worth noting that the international rating agency Moody's confirmed the credit rating of the US at "AAA" with a stable outlook, but pointed to the risks in the long term. Investors are waiting for statistics on the number of initial unemployment claims in the US (12:30 GMT) and the publication of minutes of the previous meeting of the Federal Reserve (18:00 GMT). In addition, after the end of trading session starts the corporate reporting season in the US, which traditionally begins with the publication of the financial results of Alcoa. Our medium-term outlook for the market in the region remains positive, but the drop may be resumed in the coming days.
European stock markets yesterday showed modest growth. Support for British investors became the data on the growth of industrial production in the country by 1.0% in August against the forecast of 0.3%. Growth on the markets is constrained by weak statistics on the trade balance in Germany, which in August showed a decrease in the surplus to 19.6 billion from 22.4 billion in the previous period. Investors are waiting for the decision of the Bank of England on interest rates (11:00 GMT) and Governor of the Bank of England speech (18:00 GMT). At the moment, there is a possibility of correction in the stock markets in the region, but the medium-term outlook remains positive.
Markets in the Asia-Pacific region fell today, with the exception of the Shanghai index. Japanese investors were disappointed by the weak data on the volume of domestic orders for machinery, which in August fell by 5.7% against the expected growth by 3.3%. The downward effect on the course of trading had the strengthening of the Japanese yen. It should be noted that the balance of payments totaled 1.59 trillion in August against the forecast of 1.28 trillion. Now the probability of correction in the stock markets in the region has increased, but in the medium term growth according to our forecast resumes.