29.10.2015 - The data on GDP growth in the US will affect the course of trading
American stock markets yesterday showed growth against the background of positive corporate reporting of Apple, which reported an increase in selling the iPhone to 48 million in the third quarter of this year, while the volume of funds on the accounts of the company exceeded 200 billion dollars. At the same time investors were pleased by the US Federal Reserve statement which noted an improvement in the labor market and in the construction sector. In addition, the regulator did not pay attention to the volatility in the foreign stock markets, indicating a reduction of such risks to the economy. Today, the central event of the day will be the publication of the preliminary report on the growth of US GDP in the third quarter (12:30 GMT). In addition, we should pay attention to the number of initial unemployment claims in the US (12:30 GMT). Our medium-term outlook remains positive, and we are waiting for growth in the near future.
The main European stock indexes are consolidated near the previous close levels. Investors are trying to assess the impact of yesterday's Fed statement on the next steps regarding the ECB's monetary policy. Today has published statistics on the reduction in the number of unemployed in Germany by 5 thousand that is 1 thousand better than the forecast. Today is also necessary to pay attention to the data on the balance of retail sales in the UK (11:00 GMT). Investors are now waiting for the publication of the large block of important macroeconomic data on retail sales in Germany, the unemployment rate and the consumer price index in the euro area. Today the likely increase in volatility after the release of statistics on the US GDP. Our medium-term outlook remains positive.
Markets in the Asia-Pacific region did not show single dynamics after the Fed's statement on monetary policy. Support for the Japanese market today have become unexpectedly strong data on industrial production in the country, which grew by 1.0% in September, compared with an expected decline of 0.5%. In August, this figure fell to 1.2%. Investors are waiting for tomorrow's publication of a statement of the Bank of Japan, which can strengthen the measures to combat the low inflation and announce forecasts for the Japanese economy. We expect the growth on the stock markets in the region, but note risks associated with the slowdown of the Chinese economy.