26.09.2016 - On the market has increased the pessimism
American stock indexes showed a decline on the background of falling oil prices, which negatively affected the shares of energy companies. In addition, investors were disappointed by the weak data on US manufacturing PMI from Markit, which fell to 51.4 vs. expected 52.1. Today, the dynamics of trading will affect the news on new home sales in the US (14:00 GMT). Strong price movement is expected on Wednesday in connection with the anticipated increase in oil price volatility, the speech of Janet Yellen and the publication of the report on the volume of orders for durable goods in the US. Our medium-term outlook remains negative and we expect a price decline in the near future.
European stocks are falling on the background of the recent drop in oil prices caused by the decrease in the probability of a consensus on coordinated actions to reduce the oversupply of oil on the market. In addition, the continued fall in the stock of Deutsche Bank, are negatively displayed on the whole banking sector in the region. Today in the UK was published data showing that the number of permits issued for mortgage lending in the UK declined in August to 37.0 thousand vs. predicted 37.2 thousand. At the same time, the index of sentiment in the business circles of Germany's from Ifo rose to 109.5 in September from 106.3 previously. The influence on the dynamics of trading in the near future will have news from the US. Our medium-term outlook remains negative.
Major stock indexes in Asia and the Pacific fell following the decline in the United States. The negative dynamics of commodity prices has increased concerns about prospects for growth on the stock markets. Tomorrow in Japan, will be published the minutes of the previous meeting of the Bank of Japan, which made the decision not to increase stimulus measures, despite the weak macroeconomic statistics. The dynamics of trading this week will depend on external factors. Support for the Japanese market can have a decrease of the yen against the US dollar. Our medium-term outlook remains negative.