US stocks fell yesterday following the price of oil, which resumed the negative dynamics. In addition, indexes corrected downwards against the backdrop of fixing position after strong growth earlier. Tomorrow is a day off in the US and today's trading session will be shortened. The dynamics of trading will affect data on the number of initial unemployment claims in the US (13:30 GMT) and the Chicago manufacturing PMI (14:45 GMT). Our medium-term outlook remains positive, but we can review it at the beginning of next month.
Major European stock indexes finished the trading session yesterday with the fall due to the weakness on commodity markets and a decline in US indexes. Volatility in the last month has been raised in connection with the continuation of the negative dynamics of oil, rising interest rates of the Fed and less strong stimulus measures by the ECB. Weak economic growth in Europe will put pressure on the index, but still support the program of quantitative easing. Tomorrow, European markets will be closed. We maintain a positive medium-term outlook for the European markets.
Major stock markets in the Asia-Pacific are closed today. Tomorrow will be published data on business activity in the manufacturing and non-manufacturing sectors of China, but these statistics will be taken into account by the market only next week. Our medium-term outlook for indexes of the region remains positive.