American stock indexes yesterday declined significantly due to the disappointment of investors about the new products of Apple, which did not meet analysts' expectations and has a number of negative reviews. In addition, investors fear for the future of Western investment in Russia. Reduced service PMI to 58.5, compared with an expected 59.4 also disappointed investors. Today, the focus will be on the US GDP data for the second quarter (12:30 GMT) and consumer confidence index for September (13:55 GMT). We maintain a medium-term negative outlook and recommend to open short positions.
European stock indexes continued to fall against the general negative mood on the stock markets, weak economic data in the United States, concerns about the Ukrainian crisis. It is worth noting yesterday's statement by the head of the Bank of England in which Mark Carney pointed to the nearing time of the rate hikes. Today, negative for the market was the data on the index of consumer confidence in Europe's largest economy - Germany, which fell to 8.3 against the previous figure of 8.6. We confirm our negative medium-term outlook for European indexes.
Indexes in the Asia-Pacific region declined due to a fall on the American markets and the weak statistics. Thus, the core consumer price index of Japan in August fell to 3.1%, which is 0.2% less than the previous figure. At the same time, the index of leading economic indicators in China in August was 0.7%, against 1.2% in the previous period. Low prices for iron ore and fears about the industry in China continues to put pressure on the Australian index. Also it is worth noting the negative impact of the fall of the Australian dollar. We maintain a medium-term negative outlook for the markets in the region.