American stock indexes showed a slight increase yesterday, despite the publication of negative statistics on the labor productivity in the United States, which fell by 0.5%, against an expected increase of 0.5%. Corporate reporting season in the US is close to completion and 84% of the companies that are included in the S&P500 has reported. As a result, 75% of the companies showed a profit growth more than expected. Today, the dynamics of trading can affect the US oil inventory data that are displayed on the value of shares of energy companies. Investors are waiting for Friday's publication of important data on retail sales. Our medium-term outlook remains negative and we expect renewed decline in the coming weeks.
European stocks today have not changed. It is worth mentioning that in recent weeks the indexes in the region have shown steady growth, but at the moment there are no drivers for further growth. Yesterday in the UK was published the data on industrial production, which grew by 0.1% in June against the expected decline of 0.1%, but in the next months we will probably see a deterioration due to the effect of the decision about exit of the UK from the EU. Influence the course of trading in the near future will have external factors. Our medium-term outlook remains negative.
Markets in the Asia-Pacific region today showed a decline on a background of negative statistics from the USA. In addition, the dynamics of the Japanese market negatively influenced the strengthening of the yen against the US dollar, which could outweigh the positive statistics on the volume of domestic orders for engineering products with the exception of municipal equipment and vessels that rose by 8.3% in June against the forecast of 3.4%. Tomorrow in Japan is a day off. Our medium-term outlook remains negative and we expect the beginning of reduction in the near future.