US stock indexes little changed after yesterday's trading session due to a desire to take a break after the strongest weekly gain since January of 2013. Also, investors are in no hurry to open new positions before the publication of the Fed's monetary policy in the medium and the data on US GDP growth in the 3rd quarter on Thursday. Negative for the market was the message to reduce the service PMI to its lowest level in 6 months - 57.3. Today the mood of traders will depend on durable goods orders (12:30 GMT), the index of house prices (13:00 GMT) and the index of consumer confidence in the US (14:00 GMT). We maintain a medium-term negative outlook on the US stock market.
European stock markets closed lower data on publication of stress tests of banks of the European Union, 25 are in need of a capital increase. In general, the banking system of the European Union can survive the financial crisis. Negative for the market was also the data on the index of business confidence in Germany, which fell to 103.2 vs. analysts forecast 104.6. Today in the Eurozone and the UK is not expected publication of important macroeconomic data and we expect a low price volatility during the trading session and maintain a medium-term negative outlook.
Markets in the Asia-Pacific region showed an increase except for the Japanese index. The strengthening of the yen negatively affected Japanese stocks, despite the growth rate of retail sales by 2.3% compared with last year. Analysts had expected a decline in growth by 0.9%. The Australian market continues to be under the pressure of lower prices for iron ore and other exports. We maintain a medium-term negative outlook on the market in the region and we expect a decline in their stock markets due to the slowdown in the global economy.