14.10.2015 - Markets are waiting for retail sales data in the US
American markets declined yesterday on the background of increasing fears of the negative impact of global economic slowdown, which was caused by the news of the reduction of import in China by 20.4% in dollar terms compared with the same period of the last year. Today will be published important statistics on retail sales (12:30 GMT), which strongly affects the course of trading. In addition, we should pay attention to the statistics on inventories (14:00 GMT) and publication of the Beige Book (18:00 GMT). Our medium-term outlook remains positive.
The main European stock indexes show a decline against the general deterioration of investor sentiment amid growing fears about the state of the Chinese economy. Negative for the market today also has become the news of the fall in industrial production in the euro area by 0.5% in August, against growth of 0.8% in the previous period. The number of unemployed in the UK inÑreased by 4.6 thousand, vs. predicted decrease by 2.3 thousand, but the unemployment rate fell by 0.1% to 5.4% in August. Our medium-term outlook remains positive due to the positive influence of the program of quantitative easing, but the external threat can be negatively displayed on the dynamics of the European markets in the near future.
Major stock markets in the Asia-Pacific region continued to fall at the persistence of the negative impact on China's import statistics for future predictions of investors. The situation in China has a key influence on the economy of the entire region. The consumer price index in China continued to slow down and was 1.6%, which provides an opportunity for further easing of monetary policy in the country to sustain economic growth. Tomorrow we should pay attention to the statistics on the labor market in Australia, and industrial production in Japan. The fall on the markets may continue in the near future.