The US stock market declines awaiting the fed’s decision on rates
World stock markets on Monday mostly show a negative trend amid fears about the fact that the decline rate of FRS of USA will be less significant than previously expected.
Major U.S. stock indexes on Friday fell 0.1-0.2 percent after the data that showed rising unemployment in the United States. This figure increased in June to 3.7%, while the market had expected for its conservation at the level of the previous month. The number of jobs in non-agricultural sector in June increased by 224 thousand, as investors predicted an increase of only 160 thousand.
After the publication of these data on the market talking about the fact that the fed at its July meeting, can lower interest rates less than previously expected.
Asian markets on Monday closed with decrease of indices in the range of 3%, the worst performers were Chinese market. The major stock indexes of Europe also demonstrate a negative trend, declining by 0.2-0.3% after updating the investor confidence index in Eurozone Sentix low for more than 4.5 years, and appeared worse than expected statistics on industrial production from Germany.
The market had expected growth of 0.4 percent, but it rose only to 0.3%. In addition, Deutsche Bank announced a restructuring, which will cut about 18 thousand employees.
The Russian stock market on Monday should be down for world markets, losing between 0.2-0.4% in major indices. The ruble is not showing any dynamics in relation to the dollar and the Euro in ambiguous changes in oil prices.