American stock market fell on Friday on weak data on retail sales in the US, which grew by only 0.1% in October against the forecast of growth by 0.3%. At the same time, negative has become weak forecasts for revenue and profit of the company Cisco. Data on the growth of the index of consumer confidence from the University of Michigan, which rose to 93.1 in November against the previous level of 90.0, could not change the mood of investors. Today, the course of trading will be negatively impacted by the attacks in Paris, which worsen the mood of investors. In addition, we should pay attention to the statistics on manufacturing PMI of New York (13:30 GMT). We expect a correction after a strong fall, but short-term trend remains negative. We keep medium-term positive outlook.
Major European stock indexes began the trading week down after the terrorist attacks in Paris, which took place on Friday night. Islamist attacks in Europe may resume despite increased security measures and this fact puts pressure on stocks in the region. On Friday was published preliminary data on GDP growth in the euro area in Q3, according to which the increase was 0.3%, which was 0.1% worse than expected and the previous figure. Today, investor sentiment will be influenced by the news on inflation in the Eurozone (10:00 GMT) and the speech of Mario Draghi (10:15 GMT). The fall on European markets may continue in the near future, but in the medium term we expect to see growth.
Markets in the Asia-Pacific region declined due to the global deterioration in investor sentiment after the terrorist attacks in Paris. Today was also published weak data on Japan's GDP in the third quarter. As a result, the pressure of deteriorating in China and weak demand for Japanese products in overseas markets, the decline in GDP was 0.2%, compared with an expected decline of 0.1%. New car sales in Australia fell by 3.6% in October, against growth of 5.9% in September. The fall in commodity prices continues to put pressure on the Australian market. Our medium-term outlook for the market in the region remains optimistic, despite the possible continuation of the negative dynamics in the short term.