US stock indexes continue to rise in the uptrend after was published important statistics on the labor market in the US in March. Thus, the unemployment rate increased by 0.1% to 5.0%. At the same time, the number of new jobs outside the agricultural sector totaled 215 thousand, compared with the forecast of 206 thousand, and the level of the average hourly wage grew by 0.3%, after declining by 0.1% in the previous period. Today, the dynamics of trading will affect data on factory orders in the US (14:00 GMT). The potential for further growth declined and we expect a correction on the background of weak corporate reporting season.
European stocks today show growth against a background of increasing optimism about global economic growth after on Friday was published strong data on the US labor market. The unemployment rate in the euro area fell to the lowest level since August of 2011 - 10.3% in February, compared to 10.4% in January. Investor confidence index in the euro area showed a modest increase by 0.2 to 5.7. Tomorrow will be published important data on retail sales in the euro area. We expect growth in the European markets in the medium term, but the British referendum on membership in the EU could lead to a decrease in the coming months.
Markets in the Asia-Pacific region show different dynamics. The Chinese market is not working in connection with the holiday. Australian assets are under pressure to lower commodity prices. In addition, retail sales in the country have not changed in February after rising 0.3% in January. Tomorrow is likely high volatility after the statement of the Reserve Bank of Australia and the publication of statistics on the trade balance of the country. The stocks of export-oriented companies in Japan are under the pressure of the strengthening of the yen. We maintain our positive medium-term outlook for markets in the region and the greatest potential in the near future have the Japanese assets.