American stock indexes finished yesterday's trading session around the previous close amid falling shares of the companies of the health sector due to the worsening outlook for the financial results of the company UnitedHealth. In addition, investors continue to assess the possibility of raising the interest rates of the Fed after a meeting of the Federal Open Market Committee on 15-16 December. Rising interest rates is already partially priced in, but displayed a negative on the stock markets. Next week will be published preliminary data on US GDP growth in the 3rd quarter. We keep medium-term positive outlook, but for markets will be difficult to update the historical highs.
European stock indexes began the trading session with a positive on improving sentiment in the US and the positive statistics on the balance of payments surplus in the euro area, which unexpectedly rose to 29.4 in September, against the forecast of 18.3 billion. It is worth noting that in the UK retail sales fell in October by 0.6%, against an increase of 1.7% in the previous month. Today, the dynamics of trading will be affected by data on the index of consumer confidence in the Eurozone (15:00 GMT). We do not expect a strong movement on the market due to the lack of important news. Our medium-term outlook remains positive due to the positive effect of quantitative easing in the Eurozone, weakening the euro and lower oil prices.
Stock indexes in Asia-Pacific region showed a positive trend against the background of general improvement in sentiment in the world. Chinese indexes rose despite weak data on the index of leading economic indicators, October was 0.6%, which is 1.0% less than the previous figure. Japanese investors held back waiting for a long weekend due to the day off on Monday. The focus of the markets will be on the Fed's decision on monetary policy, which may tighten after the Fed's meeting on 15-16 December. Our medium-term outlook remains optimistic, but slowing growth in China is the main risk for the growth on the markets of the region.