US stock indexes finished yesterday's trading session near the previous close levels. Positive for the market has become the data on retail sales in the United States, which traditionally have a strong influence on the course of trading. In July index increased by 0.6%, in line with expectations and indicates a positive momentum at the beginning of the second half and increases the likelihood of rising interest rates of the Fed in September. Today, the course of trading will be affected by the data on the volume of industrial production (13:15 GMT) and the index of US consumer confidence from the University of Michigan (14:00 GMT). Today, investors are likely to refrain from taking actions. Our medium-term outlook remains positive, but a correction on the markets may continue in the near future.
European stocks yesterday showed different dynamics. Support for the index was the news according to which the Chinese regulator announced the completion of a substantial correction of the exchange rate of the yuan. At the same time, sentiment improved after strong data on US retail sales. Today, investors were disappointed by the data on GDP growth in the euro area, which in the second quarter was 0.3%, against an expected increase of 0.4%. The consumer price index was 0.2%, which coincided with forecasts of analysts. In connection with the weak data on GDP growth, we expect a decline of markets in the region in the near future, but the medium-term outlook remains positive.
Markets in the Asia-Pacific region showed a slight change due to uncertainty in global stock markets. The Chinese market has stabilized after the sudden devaluation of the yuan this week. Japanese investors are in no hurry to open positions before the publication of the preliminary statistics on the growth of Japan's GDP in the second quarter, which will greatly affect the mood of investors. We expect growth on the stock markets of the region, but in the near future we can see the index fall.