Major U.S. indexes remained virtually unchanged yesterday. In the absence of important macro, traders were watching the situation in Ukraine and the Gaza Strip, where hostilities continue, as well as the statements of U.S. corporations. Thus, Apple's shares showed an increase of 2.6% after the release of quarterly financial results, and Boeing disappointed investors. Today special attention should be paid to data on the labor market (12:30 GMT) and data on new home sales in the U.S. (14:00 GMT). Today we expect a reduction of the U.S. market and maintain a medium-term negative outlook.
European stocks rose slightly yesterday, but investors are still watching with fear the tightening of sanctions against Russia in connection with accusations of annexation of the Crimea and support of separatists in Ukraine. Consumer confidence in the euro area remained unchanged, while the Bank of England said about a possible slowdown in economic growth in the second half and left the interest rate unchanged at 0.50%. Today we should pay attention to the figures of manufacturing and services PMI of the Eurozone (08:00 GMT). We maintain our negative medium-term outlook for European indexes.
Markets of Asia-Pacific region are growing mainly due to the positive news from China. Investors were cheered by statistics on China's manufacturing PMI, which rose to 52.0 in July, which is by 0.8 better than the forecast and 1.3 more than the previous figure. These news also supported the Australian market, which depends on Chinese consumers. The Japanese index fell slightly after the release of data on reduction of manufacturing PMI in Japan, which fell to 50.8 in July, against 51.5 in the previous month. Medium-term outlook for the Chinese and Australian market remains negative and Japanese indexes may continue to grow.