10.09.2014 - On the market have increased negative sentiment

Stock indexes in the United States fell yesterday against the background of negative from Europe where they continue to coordinate sanctions against Russia. At the same time, the presentation of new Apple products has not led to an increase in company's stock at the end of the session. The new smartphone, the clock and the payment system was not able to convince investors to continue buying shares of the company. Index of optimism in the small business grew in August to 96.1, against the forecast of 95.9. Given the weakness of the bulls and the lack of new drivers for growth, we expect further correction on the overrated American market.

European markets continue to decline due to a number of factors. On the one hand, investors fear the results of a referendum on Scottish independence, which may be negatively displayed on the on the stability of the banking system of the United Kingdom and the European Union. Besides yesterday has become known that UK trade deficit rose to $ 10.2 billion, against the forecast of $ 9.1 billion. At the same time, industrial production in the country increased in July by 0.5%, which is 0.3% better than the forecast. We maintain a medium-term negative outlook for European markets.

Markets in the Asia-Pacific region fell against the strengthening dollar, speculation about the possibility of an earlier increase in interest rates by the Fed and the disappointment of investors after the presentation of new products from Apple, which are manufactured in China. The Japanese market has supported the devaluation of the yen. Australian Index is under the pressure of falling prices for iron ore, which is the main export commodity of the country and the negative data on consumer confidence index which fell by 4.6% in September, against a growth of 3.8% in August. We maintain a negative medium-term outlook for the stock markets in the region.

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