On Friday, September 3, at the European government bond market prevailed "bearish" sentiment. The third day in a row investors against a background of positive macroeconomic news are selling debt obligations of European governments, preferring the risky assets. Morning trades are not distinguished by high activity, and this contributed to the formation of mixed dynamics quotes. The activity of market participants grew as the release of macroeconomic statistics. The catalyst for active sales "defensive" assets served as news received from overseas. Thus, it became known that U.S. companies created jobs considerably more than analysts predicted. It is the U.S. labor market statistics became the main cause of rising prices of European bonds, capped a week of very significant reduction in price.
The morning sale of European government bonds were not significant, since it does not receive support from the European economic statistics. In particular, economists Markit Economics, provide the results of their research activity in the service sector leading economies of Europe and the eurozone as a whole, not too pleased investors. According to information provided by experts Markit Economics, the increased activity in the manufacturing industry and service sectors Eurozone is slowing, as evidenced by the decrease in the composite index (PMI Composite) Eurozone with the July level of 56.7 to 56.2 points. At the same time in most service areas the Euro things better - the euro zone PMI Services index rose in August, though only slightly - from the level of the previous month, 55.8 to 55.9 points. Has accelerated activity in the service sector in Germany: here the index of expectations of purchasing managers in the services sector (PMI Services) rose from the previous mark of 56.5 to 57.2 points. Worse things in France - PMI Services Index declined from the July level of 61.1 to 60.4 points. Decreased activity and in the leading industry of the British economy: the UK PMI Services Index fell in August from July to mark 53,1 51,3 points. Until such a low mark rate has never fallen since April 2009.
Slightly increased optimism of market participants and after the release of statistics on retail sales eurozone. Growth in sales of goods at retail in July slowed down compared with June. Thus, the rate rose to 0.1% (expected to increase by 0,2%) after the June growth at 0.2%. In annual terms, retail sales rose by 1.1% (expected to increase by 0,6%) after the annual growth in June at 1.2%.
