23.09.2015 - The uncertainty remains on the market
The American stock market fell yesterday amid falling shares of automobile corporations, as well as due to speculation about higher interest rates of the Fed. Today, negative for investor sentiment has become the weak data on manufacturing PMI in China, which was 47.00 and indicates a contraction in activity in the sector. Today, we should pay attention to the manufacturing PMI in the US in September (13:45 GMT). Activity will rise tomorrow after the publication of important data on the volume of orders for durable goods and new home sales in the United States. We keep medium-term positive outlook, but note the possibility of falling prices in the near future.
European stocks fell yesterday due to the global deterioration on market sentiment amid the weakness of global economic growth. At the same time a key factor that caused markets to fall was the news about the cheating of Volkswagen with the ecology tests in the United States, resulting in significant spend on correcting defects and possible fines by the US authorities, whose size could reach $ 18 billion. Today markets are growing due to correction. Negative today has become weak data on manufacturing and service PMI in the Eurozone that decreased to 52.0 and 54.0 respectively, against the forecast of 52.2 and 54.1. Tomorrow we should pay attention to the statistics on the index of consumer confidence in Germany. Despite the current decline that may continue soon, we maintain medium-term positive outlook for the major European indexes.
Major stock indexes in Asia and the Pacific region fell today due to the negative statistics on China's manufacturing PMI, which is calculated Caixin. Thus, the index fell to 47.0, which is worse than the previous figure by 0.3 and 0.6 less than the forecast. Investors' concerns about slowing growth in China, is the main factor that hinders the growth of markets. In Japan, investors will return only tomorrow after the long holidays. The dynamics of trading in Japan tomorrow will be affected by the news on the index of business activity in the country. We expect growth in the medium term, but a slowdown in China will deter investors from buying in the near future.