US stocks continued to fall due to lower oil prices and the general deterioration of sentiment on commodity markets. It is worth noting that the service PMI calculated by Markit fell to 53.7 in the US in December, which was the minimum value in 12 months, against 56.1 in the previous month. After a sharp fall today we can see a correction on the US markets. The activity will be constrained by the expectation of tomorrow's publication of the final report on the growth of US GDP in the third quarter. We keep medium-term positive outlook, and expect correction after the sharp fall in the coming days.
Major European stock indexes today show a positive trend after declining in the last day of the trading week. It is worth noting that on Friday was published the weak data on euro area balance of payments surplus in October, which was only 20.4 billion euros against the forecast of 32.2 billion euros. Today, the dynamics of trading will affect the data on the balance of retail sales in the UK (11:00 GMT) and the index of consumer confidence in the Eurozone (15:00 GMT). Our medium-term outlook for the market in the region remains positive due to the positive effect of the stimulus measures of the ECB, lower oil prices and the euro.
Major stock markets in the Asia-Pacific region ended the trading session around the previous close due to the expectation of the results of today's trading in the US and Europe. We recall that at the end of last week, stocks declined significantly. Softer stimulus measures by the Bank of Japan, has led to the fall of Nikkei225. Today was published data on the index of business activity in October, which rose by 1.0% against the forecast of growth of 0.9%. Tomorrow we should pay attention to the index of leading economic indicators in China, which according to our estimates will be more positive. Our medium-term outlook remains optimistic.