09.10.2015 - Investors’ sentiment has improved after the publication of minutes of the Fed meeting
American stock indexes rose yesterday on the background of positive statistics on the US labor market, where the number of initial unemployment claims in the US fell to 263 thousand against 276 previously. At the same time, the publication of the minutes of the previous meeting of the Fed increased the confidence of a later interest rates hike by the Fed, which is positive for the stock market. Today, little impact on the course of trading will have data on wholesale inventories in the US (14:00 GMT). On Monday, in the US is a day off and activity of investors today will be reduced. Investors continue to monitor the corporate reporting season. We expect growth on the markets in the near future and in the medium term.
European stocks rose yesterday, and continued to grow today against the background of increasing of shares of companies of automakers and growth in commodity markets. It should be noted that Germany's trade balance in August showed a surplus of 19.6 billion against the forecast of 20.2 billion. The Bank of England has decided not to raise interest rates and predicted slowdown in GDP growth to 0.6% in the third quarter against 0.7% in the second quarter. Today, negative for British investors will become the data on the growth of the trade deficit of the country by 11.1 billion compared to the forecast of 10.0 billion. In addition, production in the construction sector in August fell by 4.3% against the forecasted growth of 0.1%. The current upward trend may continue in the near future. Our medium-term outlook remains positive.
Markets in the Asia-Pacific region showed growth on the background of general improvement in sentiment. The fall of the yen against the US dollar supported the demand for shares of Japanese exporters. Chinese shares rose in connection with speculations on new measures to stimulate economic growth, which continues to slow down. The Australian market supports the improvement of the situation on commodity markets and rising prices for iron ore, gold and other exports. We expect growth on the markets of the region in the medium term, but volatility in China is likely to remain at high levels.