American stock indexes showed modest growth yesterday and was influenced by oil prices. Thus, the fall of quotations of energy companies in early trading was due to the lack of consensus at a meeting of OPEC, but the publication of news on the reduction in US oil inventories by 1.4 million barrels has led to a rise in prices. Investors' attention is now focused on the publication of the report on the labor market (12:30 GMT), which can lead to strong movements on the market and affect the investors' expectations regarding the timing of the Fed raising interest rates. We also pay attention to the statistics on the non-manufacturing PMI and the volume of factory orders in the US (14:00 GMT). The growth potential in the near future is limited and we expect a fall in the near future.
European stocks today show moderate growth before the publication of important news on the US labor market. It is worth noting that retail sales remained unchanged in April, despite forecasted growth by 0.4%. Service PMI in the euro zone rose by 0.2 to 53.3, and in the UK by 1.2 to 53.5. On Monday will be published data on the index of investor confidence in the euro area and the volume of industrial orders in Germany. The focus of investors is on a referendum on Britain's membership in the EU and because of this situation, the volatility will be high. Our medium-term outlook remains positive, but in the near future we may see a drop.
Markets in the Asia-Pacific region showed moderate growth today, despite the strengthening of the yen against the US dollar, which traditionally has a negative impact on the shares of exporters. Investors were also disappointed by weak growth of the average wage in Japan at 0.3%, against an expected increase of 0.9%. In China, was released statistics on the service PMI, which fell to 51.2 in May from 51.8 in April. The risks of fall on the stock markets of the region in the near future are growing, but we maintain a medium-term optimistic outlook.