American stock indexes showed gains yesterday on the background of positive dynamics of oil prices, strong statistics on the labor market and the impact of the Fed's recent decision not to tighten monetary policy in the country. Thus, the number of initial unemployment claims has fallen to 252 thousand against the expected 261 thousand. Today, the negative impact on the dynamics of the US market will have a correction in oil prices, which will reduce the stock prices in the energy sector. Among macroeconomic data we should pay attention to the statistics on the manufacturing PMI for September by Markit (13:45 GMT). On Monday will be published an important report on new home sales in the United States. The potential for further growth is low and our medium-term outlook remains negative.
European stock indexes yesterday showed a positive trend against the background of the impact of the Fed's decision not to tighten monetary policy and keep interest rates at 0.25-0.50%. The leaders of growth were the companies of commodities’ sector, due to rising oil prices and other commodities. Today, there is a possibility of correction after the strong growth yesterday, as well as on the background of fixing positions before the weekend. On the dynamics of trades will also affect the news, service and manufacturing PMI in the Eurozone (08:00 GMT). Despite recent growth, we expect a soon resumption of growth on the background of lack of drivers for further growth.
Markets in the Asia-Pacific region today showed growth of pessimism on the background correction at commodity markets. The fall of the yen against the US dollar and the publication of the positive preliminary statistics on Japan manufacturing PMI, which rose to 50.3, against the forecast of 49.3, could not lead to an increase at the Japanese market. It is worth noting that the representative of Japan's Ministry of Finance Asakava said about taking measures to restrain the further strengthening of the yen, which is negative for the country's exports. We forecast a drop on the markets of the region in the medium term, but in the case of the yen’s fall, the Japanese market may show growth.