American stock indexes showed a positive dynamics against the background of a strong report of the largest US bank in terms of assets J.P. Morgan, which improved investors' expectations regarding the current corporate reporting season. Today we expect increased investor activity in connection with the publication of important reports on the consumer price index, retail sales (12:30 GMT), as well as the index of US consumer confidence from the University of Michigan (14:00 GMT). Inflation growth will increase the probability of the Fed tightening monetary policy this year, which will be negatively displayed on the stock markets. Current growth may continue in the near future, but we expect a decline in the medium term.
Major European stock markets are falling on the background of the impact of the terrorist attacks in France during which were killed 84 people. This fact is negatively displayed on the stocks of companies related to tourism. At the same time, investors were disappointed by yesterday's decision of the Bank of England not to soften the current settings of monetary policy. Further movement of the indices in the region will depend on the news from the US. During the next week will be announced the ECB's decision on interest rates. Growth on the European market may continue in the near future, but in the medium term, we expect a decline.
Markets in the Asia-Pacific region rose amid growth on the US stock markets, the weakening of the yen against the dollar, as well as positive statistics from China. Thus, GDP growth in the world's second-largest economy was 6.7% in the last quarter, while the volume of industrial production in June increased by 6.2% compared with the same period last year. Analysts had forecasted an increase by 5.9%. On Monday, in Japan is the day off. The growth in the near future may continue, but the risks remain high on the region's markets.