11.09.2015 - Waiting for the Fed decision restrains traders
US stock indexes rose on the background of increasing the value of Apple shares after the presentation of new products, as well as the assets of the health sector. Reducing the number of initial unemployment claims in the US to 275 thousand vs. predicted 279 thousand supported the optimism on the markets. Today, it is worth paying attention to the data on the Producer Price Index (12:30 GMT) and the index of consumer confidence in the US (14:00 GMT). Our medium-term outlook remains positive, and we are waiting for the Fed's statement on the monetary policy on September 17.
European stocks were down due to technical factors. Uncertainty about the Fed raising interest rates next week, kept investors from taking actions and opening new positions. The Bank of England yesterday left interest rates unchanged, but one member of the Monetary Policy Committee voted to raise rates. In addition, the bank noted the lack of a significant impact of Chinese the crisis on the economy. We expect market consolidation around current levels in the near future and maintain the medium-term positive outlook for the indexes in the region.
Markets in the Asia-Pacific region stabilized and finished the trading session near the previous close. We recall that the current week was volatile and promises of the Chinese government to support the stock market and the launch of a number of projects aimed at supporting the Chinese economy supported markets. It is worth noting that today was published by the positive statistics index of business sentiment in large industrial companies of Japan, which rose to 11.0 in the third quarter against the expected decline of 1.9. On Monday, you should pay attention to the statistics on industrial production in Japan. We forecast growth in the markets of the region after the stabilization of the situation in China.