US stock exchanges are declining on Monday amid a deterioration in risk appetite after the release of morning macro statistics from China, which did not meet expectations. In particular, industrial production in the country in July grew weaker than expected – by only 6.4% y/y instead of the expected 7.8%, and retail sales increased by only 8.5%, although analysts had predicted an increase of 11.5%. Asian stock indexes immediately showed a decline, as well as European stock exchanges. Analysts note that economic data from China «spoiled the mood» in the markets, and weaker retail sales and industrial production raised questions about whether it is realistic to maintain the momentum of the economic recovery. American stock exchanges are also in the red zone. The Dow Jones Industrial Index (DJIA) fell to 35,414.53, the NASDAQ index of high-tech companies – to 14,652. 01, the S&P 500 broad market index – fell to 4,448. 57 points. Tomorrow, the macrostatistics block is expected to be released directly in the United States. Data on industrial production and retail sales in July will be announced. Forecasts suggest an increase in industrial production by 0.5% m/m and a decrease in retail sales by 0.2%.
PAUTAN SEGERA