03.04.2015 - Most stock markets are closed today
US stock markets will be closed in observance of Easter. Yesterday, the indexes showed a moderate growth against the background of positive statistics on reduction of the number of initial unemployment to 268 thousand, against the previous figure 288 thousand. The volume of factory orders rose by 0.2% in February, against an expected decline of 0.2%. On Monday trading dynamics will depend on today's market report on the labor market in the US (12:30 GMT). Our medium-term outlook remains positive and we expect increased volatility in the beginning of next week.
Major European stock indexes finished yesterday's trading session with a slight change due to a lack of desire to open new positions before the long weekend and the publication of statistics on the US labor market. Today and on Monday, most markets in the region will be closed in observance of Easter. According to our estimates, the growth of stock indexes will continue thanks to the program of quantitative easing in the Eurozone.
Some markets in the Asia-Pacific region were closed today. Japanese and Chinese markets showed moderate growth on the back of positive investor sentiment in the United States. Service PMI in China rose to 52.3 against the previous figure52.0. We expect growth on the markets of the region in the medium term due to the economic stimulus programs in China, loose monetary policy in Japan and improvement in investor sentiment in the world.