Major U.S. stock indexes finished the first trading session of the week virtually unchanged due to the absence of significant drivers for growth of volatility and in anticipation of the Fed statement on monetary policy, as well as the release of GDP and the labor market data in United States on Wednesday. Today we should pay attention to the house price index in 20 largest U.S. cities (13:00 GMT) and the Consumer Confidence Index (14:00 GMT). We expect low volatility today and save midterm negative outlook.
Major European markets closed yesterday's trading session mixed. Low volatility is explained by the absence of important macro and expectation of block of information from the U.S., which will be released on Wednesday. In addition, the EU has decided to tighten sanctions against Russia in connection with accusations of supporting separatists in Ukraine and annexation of the Crimea. We expect low activity of traders today and save midterm negative outlook.
In the Asia-Pacific region there is a moderately positive mood of investors, which is associated with the improved economic situation in China, despite the difficult situation in the construction sector. In Japan today, was released the data on the growth of unemployment by 0.2% to 3.7% and a decrease in retail sales in June by 0.6% vs. expected 0.4%. Despite this, the Japanese index showed a positive trend on the weakening of the yen and the positive report of the corporation Honda, whose profits grew by 20% for the quarter. We expect a correction on the Chinese and Australian markets and the continued growth of the Japanese market in the medium term.