The main American indexes closed yesterday's trading session despite a slight increase on speculation about the possibility of an earlier raising of the Fed rates. The mood of investors improved on the background of positive news on wholesale inventories, which rose by only 0.1% against the forecast of rise by 0.5%. At the same time, were growing tech stocks of Apple and Microsoft. Today we should pay attention to the data on the number of initial unemployment claims in the United States. We maintain a medium-term negative outlook on the American stock markets.
European stocks were virtually unchanged in the absence of important macro and amid fears of investors associated with a referendum on Scottish independence. Also markets are watching the situation in the east of Ukraine and the possibility of imposing new sanctions against Russia. Data on the consumer price index in Germany 0.0% and in France 0.4% have coincided with expectations and did not greatly affect the course of trading. We expect low volatility and wait for new incentives to assess the prospects for movement of indexes. Our medium-term view remains negative.
Markets in the Asia-Pacific region declined with the exception of Japan index. At the same time the support for the Australian market despite the drop in iron ore prices to 5-year low had the data on the reduction of unemployment by 0.3% to 6.1%, and the growth of the number of employees by 121 thousand in August. Consumer inflation in China fell to 2.0% against the forecast of 2.3%, while the producer price index fell to a negative value of 1.2%, which is 0.3% less than the previous figure. We maintain a medium-term negative outlook for the markets in the region.