09.07.2015 - The Chinese market has shown strong growth

US stock indexes ended the trading session with a fall. In addition, it is worth noting the stop of trading on the New York Stock Exchange due to technical problems. The main negative factor for US investors was the fall on the Chinese market, which over the past three weeks has decreased by more than 30%, because of unreasonably rapid price growth since the beginning of this year. In addition, investors followed the publication of the minutes of the previous meeting of the Federal Reserve noted that the negative impact of the fall of the stock market in China and the Greek crisis. Today, the course of trading will be affected by the data on the number of initial unemployment claims in the US (12:30 GMT). The focus of investors will be on negotiations on the Greek crisis and the possible lifting of sanctions against Iran, which will lead to a drop in oil prices. Our medium-term outlook remains negative.

European stocks showed gains on hopes on a solution of the Greek crisis and saving the country in the euro zone after Greek officials have promised to act on reforms. According to the decision of the meeting of EU leaders, the country has to approve reforms until Sunday. In another case representatives of the EU will meet to coordinate actions on the exit of Greece from the Eurozone. Today, positive for the European market was the news on the growth of the trade surplus in Germany to 22.8 billion compared to the forecast of 20.6 billion. We forecast growth on European stock markets after the decision of the Greek question. Optimism is associated with a positive impact of quantitative easing in the euro area, which will support the growth of the markets in the medium and long term.

Markets in the Asia-Pacific region today showed growth against the background of positive associated with the efforts of the Chinese government to prevent the crisis on the stock market. Earlier, the Chinese indexes fell by more than 30% in 3 weeks, and at the moment are corrected upwards. Volatility on the markets of the region will remain high in the near future. Positive for Australian investors was the data on unemployment in the country, which totaled 6.0%, which is 0.1% better than analysts' expectations. At the same time the volume of orders for engineering equipment in Japan rose in June by 6.6% compared to the same period of the last year. Our medium-term outlook remains positive, but we note the risks associated with the volatility on the markets of China.

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