US stock indexes yesterday showed a decrease on the negative statistics on retail sales that fell in September by 0.3%, which is 0.4% worse than forecast. It is worth noting that the last time a decrease was recorded in the winter due to the abnormally cold weather. In the Beige Book which was published yesterday indicated that moderate growth is observed in 11 of the 12 federal districts. Today the course of trading will be affected data on industrial production in the USA (13:15 GMT), as well as data on the index of business activity in the manufacturing sector of Philadelphia (14:00 GMT). We maintain a medium-term negative outlook on the American stock market with the deterioration of growth prospects for the global economy.
European stocks yesterday showed the maximum reduction for almost 3 years. The reason for the negative investor sentiment remains weak growth prospects in the Eurozone, growth of deflationary risk which increases by rise in prices of petroleum products, as well as weak retail sales data in the United States. Data on the reduction of unemployment in the UK, which fell by 0.2% in August, to 6.0%, failed to halt the decline. Negative impact for the European economy as a Ukrainian crisis. Today the course of trading will be affected by the data on the trade balance and the consumer price index in the euro area (09:00 GMT). We maintain a medium-term negative outlook for European stock markets.
Markets in the Asia-Pacific region today showed a significant drop following the deteriorating sentiment in Europe and America. Dynamics of trading did not become positive despite better statistics from China, where foreign direct investment fell by 1.4% against the previous index -1.8%, and the volume of new loans increased to 857 billion, which is better than the forecast of analysts at 750 billion . Tomorrow is expected the growth of volatility in connection with the release of important data on the housing market in the United States. We can also see the growth of indexes on the background of fixing positions before the weekend. We maintain a medium-term negative outlook for the markets in the region.