American stock indexes today are likely to show a positive dynamics against the background of a number of factors among which we should highlight the rise in oil prices in anticipation of the meeting of representatives of a number of major oil producers in Algeria, which will be held tomorrow. In addition, according to most analysts, Hillary Clinton has won the first round of debates with Donald Trump, which reduces the likelihood of his victory in the elections, which could become a strong negative factor for stock markets. It should be noted that sales of new homes in the US in August totaled 609 thousands vs. expected 598 thousand. Today, it is worth paying attention to the data on the US service PMI (13:45 GMT), the index of US consumer confidence from the Conference Board (14:00 GMT) and the speech of the deputy head of the Federal Reserve Stanley Fischer (15:15 GMT). In the coming days, the dynamics of market will depend on oil prices and rhetoric Janet Yellen during her speech on Wednesday and Thursday. Our medium-term outlook for US markets remains negative.
Markets in Europe are currently increasing against the background of the positive impact of the candidates’ debates in the US presidential elections. The drop of probability of Donald Trump's victory has a positive effect on the movement of the indexes. It is worth noting that the rise in oil prices also supported the optimism on the markets. In the coming days, the main influence on the course of trading will have news from the United States in the absence of important macroeconomic data in Europe. A slight effect on the dynamics of trading will have data on the balance of retail sales in the UK (10:00 GMT). Our medium-term outlook for European indices remained negative and the current growth potential is limited.
Major stock indexes in Asia and the Pacific rose today due to optimism from the US and rising commodity prices. Reducing of the yen added the positive to the market. Japanese Prime Minister Shinzo Abe expressed his support for the actions of the central bank's intention to achieve the inflation rate of 2.0% through the use of monetary incentives. On Thursday, will be published data on retail sales in Japan. Our medium-term outlook remains negative and the potential growth of markets in the region is low.