22.10.2014 - Market sentiment improved

American stock markets are closely watching the reporting season in the country. Thus, investor sentiment has improved significantly after the strong earnings of the company Apple. At the same time shares of Coca-Cola showed a reduction by more than 6%. Data on the growth of existing home sales has pleased investors. Thus figure rose to 5.17 million in September, against 5.05 million in August. Today the course of trading will be affected by the data on consumer price inflation (12:30 GMT), reduction of which can lead to later increase of the rates by the Fed. We maintain a medium-term negative outlook, but the growth in the near future may continue.

European stock markets showed strong growth amid reports the beginning of the purchase of mortgage-backed securities Spanish and French banks. It is worth noting that before the ECB did not buy corporate securities, and may start buying corporate bonds in December. The market was also supported by the positive statistics on the housing market in the United States, and a fall in the growth rate of the Chinese economy has been less than expected. Today is not expected the publication of important macroeconomic data and the markets can continue yesterday's upward trend. We maintain a medium-term negative outlook for European stock markets.

Markets in the Asia-Pacific region showed an increase amid improved sentiment in the United States and Europe. Japan's trade deficit rose to 1.07 trillion, but the growth of the country's exports, which supported the devaluation of the yen, up to 6.9%, which was 0.4% better than analysts' expectations. Chinese investors continue to buy shares after yesterday's data on the slowing the growth of the Chinese economy to the lowest growth rate in 5 years. Consumer price index in Australia in Q3 remained at 0.5%, which is 0.1% better than the forecast of analysts. We maintain a medium-term negative outlook on the stock markets in the region.

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