17.09.2015 - The decision of the Fed on monetary policy will lead to increased activity in the market
US stocks yesterday showed growth due to increase in prices of oil companies, interest in which has increased due to lower oil inventories in the United States, as well as the reduction of oil production in the country. In addition, statistics on consumer price inflation, which in August fell by 0.1% lowered the probability of raising interest rates by the Fed. Fed statement will be published today at 18:00 GMT, and will lead to increased volatility. At the same time we should pay attention to the data on the labor market and the housing market in the US (12:30 GMT). Our medium-term outlook remains positive due to the improved macroeconomic data in the United States.
Major European stock indexes yesterday showed growth and consolidated today around the previous close. Support for the British market became the positive data on the labor market in the country where the unemployment rate fell to 5.5% against the expected 5.6%. At the same time, the average wage increased by 2.9% against the forecast of 2.5%. Basic consumer price index in the euro area declined to 0.9% in August, which is 0.1% less than the forecast. Today, support for British investors was the news on the growth of retail sales by 0.2% in August, which is 0.2% better than the previous period. The volatility is low before the Fed statement on interest rates. In the medium term we expect to see growth in the European markets.
Markets in the Asia-Pacific region continue to show different dynamics. Shanghai index fell again, which continues to point to the instability of the situation on the markets of the country. Statistics on Japan's trade balance deficit which totaled 0.36 trillion yen, that is 0.01 trillion yen worse than the forecasts of experts did not significantly affect the mood of investors. In the future, the negative impact on the Japanese market will have the of sale of shares of Japanese companies from the world's largest pension fund GPIF, which in the second quarter sold shares for 406.8 billion yen. We are waiting for stabilization in China after which the growth in the region could be resumed.