11.10.2016 - Rising oil prices supported the optimism of investors

American stock markets showed moderate growth yesterday against the backdrop of rising oil prices after the Russian president announced his intention to support the idea of reducing the volume of oil production to stabilize prices. In addition, investors were cheered by the results of the second round of TV debates between the candidates for the US presidency. It is worth noting that Hillary Clinton is the more stable option as the president, compared with an unpredictable Donald Trump, whose victory will lead to a drop in the indexes in the country. Today, it is worth paying attention to the data on the index of optimism in the US small business (10:00 GMT), and the central event of this week will be the release of the US retail sales report on Friday. Our medium-term outlook remains negative.

European stock indexes are now consolidated around the previous closing levels. Positive statistics on business confidence index in the euro area in October rose to 12.6 vs. expected 6.3. Investors continue to follow the policy statement regarding the negotiations on the exit of Great Britain from the EU. Earlier, the French president called for tough negotiations on this issue. Investors are waiting for the decision of the Bank of England on monetary policy on Thursday. Our medium-term outlook for European markets remains negative and we expect a strong downward movement after the current consolidation.

Markets in the Asia-Pacific region today showed different dynamics. Thus the Japanese market is supported by the weakening of the yen against the US dollar, as well as positive news on the country's balance of payments surplus which rose to 1.98 trillion yen against the forecast of 1.58 trillion yen. Investors continue to keep an eye on oil prices, which have shown strong growth in recent weeks and supported the shares of energy companies. a strong influence on the course of trading on Thursday will have data on China's trade surplus. We maintain our medium-term negative outlook on the markets in the region, but the fall of the yen may support the Japanese market.

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