The main American indexes closed yesterday's trading session with growth amid reduce of the likelihood of an earlier tightening of monetary policy in the United States. The reason for reducing fears has become weak retail sales data in the United States, which remained unchanged despite the forecast of growth by 0.2%. Growth of the market is constrained by the tense geopolitical situation. The focus is on a humanitarian convoy from Russia into a war zone in Ukraine. Experts fear the attack on the convoy, which may become the reason for the intervention of Russian troops in Ukraine. Also today, will take place the important Putin's speech in annexed Crimea. We look forward to the resumption of downward movement and maintain a medium-term negative outlook.
European stocks yesterday showed growth on corporate reporting. Weak growth showed the British market with falling unemployment rate to 6.4% and the drop in wages by 0.2%, compared with the predicted decline of 0.1%. The Bank of England announced that it would raise interest rates in case of growth of wages in the country. Today, the central event of the day will be the publication of data on GDP growth and consumer price index of the Eurozone (09:00 GMT). Germany's GDP in the second quarter fell by 0.2%, which is 0.1% worse than the forecast. We maintain a medium-term negative outlook for European indexes.
Markets in the Asia-Pacific region ended the day with mixed results. Thus, Chinese indexes fell after yesterday's weak statistics, despite the positive corporate report of Lenovo. In Japan, the increase in domestic orders for machinery was 8.8% compared with an expected 15.5%, but despite this market was supported by the devaluation of the yen. The Australian index strengthened on the background of positive corporate reporting. We maintain a medium-term negative outlook for the markets in the region.