BoJ Leaves Monetary Policy Unchanged

Asian stock markets are not receiving accurate impulses for long-term movement in the market, which is why indexes in general are moving in a different direction. Today we also can see multi-directional dynamics in the market. The worse indexes are looking so far like the index of continental China SSE, the Australian ASX, and also Japanese Nikkei.

Today's meeting of the Central Bank of Japan ended with the regulator deciding to leave the current monetary policy unchanged, having raised an assessment of the state of the economy for the first time in two months. There have already been offers from some board members to make the target rate of inflation more flexible, and not to go so strictly with the rate on 2%. The Japanese Yen practically didn't react to these statements, having continued to bargain under level 100 against the American Dollar, and the stock market started decreasing gradually. Meanwhile, the hi-tech exporting companies, which are most sensitive to a rate of national currency, today mainly grew, so Sony, Pioneer and Toshiba add about 1.2%.

In the meantime in the USA, the stock market finished yesterday’s trading session with an increase in the price of the main indexes. The reasons for that were the improvement of macroeconomic realities in the euro zone and the USA, and also an increase in demand for shares of auto makers and the hi-tech companies. The revised data on gross domestic product of the euro zone confirmed 0.3% growth of the economy of the region in the 2nd quarter, having a strengthened impression of the favorable data published the other day on the industry in Europe. In the USA, according to the report of the Beige book, the industry grew, and consumers began to spend more for entertainment, in particular, on tourism.

The vote of the Committee of foreign affairs at the Senate, in favor of a limited military blow to Syria, didn't scare investors. Let's note that the final decision will be made, most likely, in a few days. The price for Oil stabilized slightly and decreased in comparison to the last few days. Brent is traded on a level of $113.37 per barrel, and Light is traded on a level of $106.63 per barrel.

Today investors will be waiting for the conference of Mr.Dragi and the unemployment figures from the USA.