US stock indexes showed growth against the background of positive macroeconomic data and the growth of the technology sector stocks. Thus was published preliminary data on the service PMI, that in September rose to 51.9, which is 0.8 more than forecast and the consumer confidence index in the United States from the Conference Board that rose to 104.1 against the expected 98.6. Today, the focus will be 0n the news on orders for durable goods (12:30 GMT) and the speech of the Fed chief Janet Yellen (14:00 GMT). On the dynamics of trading will also affect the movement of oil prices, which can show a strong change today. Our medium-term outlook remains negative and we expect a decrease in the near future.
Major stock indexes in Europe today are growing against the background of the positive influence of the United States. It should be noted that British investors ignored weak statistics on the balance of retail sales in the country, dropped to -8 vs. expected 8. Today, attention will be focused on the commodity markets, the news from the US and the speech of Mario Draghi (14:30 GMT). On Friday will be released important reports on the labor market in the euro area and the growth of UK’s GDP. The negative impact of future exit of the UK from the EU will continue to pull the European indices down. We maintain our medium-term negative outlook for European markets.
Markets in the Asia-Pacific region showed different dynamics today. On the Japanese market negatively affected the strengthening of the yen. Tomorrow we should pay attention to the statistics on retail sales in Japan and the speech of the country's central bank’s chairman Haruhiko Kuroda. Strong influence on the dynamics of trading on the next week may have news on business activity in the manufacturing and non-manufacturing sector of China. In the coming days, the dynamics of trading will depend heavily on news from the US and dynamics in commodity markets. Our medium-term outlook remains negative.