20.10.2015 - The uncertainty has returned to the stock markets
US stock indexes finished yesterday's trading session around the previous close on weak corporate reporting of bank Morgan Stanley, which has increased pessimism about the financial sector companies. It is worth noting that the weakest results for the third quarter are expected at corporations of energy and commodities sectors. The negative news for investors has become to slowing of China's economic growth to 6.9% in the third quarter. Today, the course of trading will be affected by the news on the housing market (12:30 GMT), as well as the speech of the Fed chief Janet Yellen (15:00 GMT). Our medium-term outlook remains positive and dynamics in the near future will depend on corporate earnings in the United States.
Major European stock indexes are down today against the general deterioration of sentiment in the world due to the slowdown in global GDP. Corporate reporting season is weaker than before. Support for the German market was the news of the intention Deutsche Bank to restructure the business and divide it into 4 main areas. Today, negative for investors have become news on the euro area balance of payments, the surplus which totaled 17.7 billion in August against the forecast of 20.1 billion. Investors are waiting for the press conference, of the ECB President Mario Draghi after the meeting of the European regulator on Thursday. We keep medium-term positive outlook for European stock markets.
Markets in the Asia-Pacific region show different dynamics. The Chinese market is under the pressure of a slowdown in the economy to its lowest level since 2009 of 6.9%. Japanese investors are waiting for tomorrow's publication of reports on the trade balance and the index of business activity in the country. Support for the Australian market was the publication of the minutes of the previous meeting of the Reserve Bank of Australia which noted that the economy continues to grow at a moderate pace and the labor market situation improves. We expect growth in the markets of the region in the medium term, but the current consolidation is likely to continue in the near future.