17.09.2014 - The tension on the markets has increased

The American market rose slightly yesterday on publication expectations of the Fed's decision on a further normalization of monetary policy. It is expected that the Fed will reduce the amount of asset purchases by 10 billion, to 15 billion. Traders are waiting for hints about the timing of interest rate increase. Also today, will be published the forecasts on macroeconomic indicators for the coming years. The course of trading is also slightly affected by the data on the consumer price index in the United States (12:30 GMT). We maintain a medium-term negative outlook on the American market.

European indexes were down yesterday on concerns about the possible exit of Scotland from the United Kingdom, which will increase the chances of leaving the UK the EU, as well as negatively affect the stability of the banking system of the United Kingdom and the European Union. In addition, the index of business confidence of the Eurozone fell yesterday to 142, compared with an expected 21.3. Today is worth paying attention to the data on the labor market in the UK (08:30 GMT) and consumer price inflation in the Eurozone (09:00 GMT). We expect volatility in the coming days and maintain a medium-term negative outlook.

Most stock markets in the Asia-Pacific region rose on news of the program of intervention by the People's Bank of China, the direction associated with the maintenance of the country's industry, which showed unexpectedly weak results in the last month. Thus, it is planned to provide 500 billion Yuan that is equivalent to near 81 billion dollars. The index of leading economic indicators of Australia in July fell by 0.1%, due to the fall in prices of iron ore and other export goods. The Japanese market fell slightly amid expectations the Fed decision on monetary policy. We maintain our negative outlook on the stock markets in the region.

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