Major U.S. indexes finished trading session on Wednesday near the previous close. Such dynamics of the indexes was triggered by controversial statistics, where on one hand the number of new jobs in the private sector in the U.S. has increased by 281 thousand, against an expected growth by 207 thousand, and the volume of factory orders fell by 0.5% against the expected decrease by 0,4%. The largest decrease was recorded on military goods. Today, the dynamics of the market will depend on the labor market data (12:30 GMT) and the non-manufacturing PMI in the U.S. (14:00 GMT). Tomorrow in the U.S. the trading session will not be held because of the celebration of the Independence Day. We maintain a medium-term negative outlook on the U.S. market.
European indexes finished yesterday's trading session mixed. British index FTSE100 rose slightly on higher construction PMI in the UK, which is one of the growth drivers of the UK economy to 62.6 in June from 60.0 in May. GDP in the euro area in the 1st quarter showed an increase of 0.2%. Dynamics of trading today will depend on the data on the service PMI of the Eurozone (08:00 GMT) and the UK (8:30 GMT), retail sales in the Eurozone (09:00 GMT) and the ECB's decision on interest rate (11:45 GMT). We maintain our medium-term negative view on the European stock indexes.
On the markets of Asia-Pacific region is a multidirectional dynamics. Thus, the Chinese indexes remained virtually unchanged, despite the increase in the index of business activity in the service sector in China to 53.1 in June, which is 2.4 better than in May. On the Japanese market is not observed the growth despite a significant decrease of the yen. The Australian market continues to grow after the release of data on the growth of the number of building permits by 9.9% in May, against the fall of the same indicator by 5.8% in April. The Japanese stock market is likely to continue to grow in the medium term, but indexes in China and Australia, according to our forecasts will continue to decline.