American stock markets ended the trading session yesterday near the previous close. The dynamics of trading was influenced by the earning reports of Facebook and Proctor & Gamble, which disappointed investors. It should be noted that the GDP of the world's largest economy grew in the second quarter by 2.3% against the forecast of 2.6%. Today, the dynamics of trading will be affected by data on the manufacturing PMI of Chicago (13:45 GMT) and the index of consumer confidence in the US (14:00 GMT). We expect growth of US indexes in the medium term, but in order to overcome historical maximums will need a strong incentive.
European stocks yesterday showed growth on the back of positive rhetoric in economic bulletin of the ECB. It is worth noting that according to the document, the gradual recovery of the euro area economy is gaining momentum. The positive was also the data from Spain, where GDP growth accelerated to 1.0%, which was 0.1% better than the previous figure. Today, investors were disappointed by the level of unemployment in the euro area, which has remained at around 11.1%, which is 0.1% worse than analysts' expectations. The consumer price index in the euro area remained at 0.2%. We keep medium-term positive outlook for the market in the region thanks to the program of quantitative easing in the Eurozone.
Markets in the Asia-Pacific region showed a sluggish trend on the background of the lack of direction of movement on the US stock market. Today was published important statistics on household expenditures in Japan, which in July slowed to 2.0%, the unemployment rate rose by 0.1% to 3.4% and the core CPI was 0.1%, or 0,1% more than analysts' forecasts. Over the weekend, will be released an important statistics on business activity in the manufacturing sector of China. High level of fluctuations on the Chinese stock market, continue to threaten growth of the markets of the region. Despite this, we expect indexes to rise in the region.