25.08.2014 - Mood of investors has slightly improved

American stock indexes finished the last trading session of the week near the previous close. The statement of the Federal Reserve Janet Yellen on the possibility of an earlier rise in interest rates in case of improvement on the labor market of the United States adversely affected the mood of traders. In addition, stocks are near historic highs to overcome, which will be needed a significant incentive. Today, the course of trading may be affected by the data on new home sales in the United States (14:00 GMT). We maintain a medium-term negative outlook, and expect the reduction of stock indexes in the near future.

Major European stock indexes fell on Friday on expectations of ECB President’s speech. After the close of the trading session in Europe, Mario Draghi said that the ECB is ready to use nonstandard tools to fight deflationary risks. As a result, we can conclude that the euro will continue to fall in price, which should help exporters. Today the course of trading can be affected by the statistics on an index of business confidence in Germany (08:00 GMT). In the UK today, is a day off. Despite the improvement in sentiment of traders today, we keep medium-term negative outlook for European stock indexes.

Markets in the Asia-Pacific region rose slightly on the background of a more balanced speech by Fed chairman than was expected by some experts. In addition, investors are awaiting the outcome of negotiations between the presidents of Russia and Ukraine in Minsk tomorrow. The Japanese market was supported by the devaluation of the yen and the statement by the head of the Bank of Japan on Friday on the need to fight deflation by any means. Tomorrow in China is expected the release of data on the index of leading economic indicators. We maintain a medium-term negative outlook for the markets in the region with the exception of Japanese.

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