29.09.2014 - USA GDP showed the strong growth

American stock market ended the last trading session with growth of stock indexes. Positive for the market was the news on GDP growth in the United States in the second quarter of 2014 by 4.6%. In addition, investors were pleased with the data on the growth of the consumer confidence index to 84.6, which coincided with the previous estimate, but it was worse than the forecast of 85.1. The central event of the week will be the publication of statistics on the labor market in the United States on Friday, from which will depend the decision on the timing of interest rate increase by the Fed. Today we should pay attention to personal income and consumer spending (12:30 GMT) and pending sales in the housing market the United States (14:00 GMT). We maintain a medium-term negative outlook for the American market.

European stock markets ended the trading session on Friday with multidirectional dynamics on positive data from the United States and a decrease in consumer confidence in Germany to 8.3, that is 0.2 worse than analysts' forecasts. Today, the trade dynamics will depend on the data on permits for mortgage lending in the UK (08:30 GMT) and data from the United States. Tomorrow we should pay attention to the data on unemployment in the euro area and the UK GDP. Considering the weakness of the region's economy and geopolitical risks associated with the Ukrainian crisis, we keep medium-term negative outlook for the markets in the region.

Markets in the Asia -Pacific region show mixed trends. Investor sentiment worsened on the news about clashes between police and protesters for democratic freedoms in Hong Kong. The Japanese market has been supported by the devaluation of the yen and Australian investors are still under the pressure of weak data on industry in China and low commodity prices. Tonight will be published a large block of statistics on the Japanese economy, which may lead to increased volatility. We expect the fall on the markets of the region. The Japanese market may continue to grow due to the depreciation of the national currency.

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