04.05.2015 - European markets rose after the weekend
US stock markets showed growth at the end of the trading week against the background of rise of large companies among which were the shares of Apple. It is worth noting that investors reacted positively on the news on consumer confidence index in the United States, which totaled 95.9, which was 0.2 below analysts' forecasts. Today, the dynamics will depend on the statistics from the euro area, as well as the publication of data on factory orders in the US (14:00 GMT). The central event of the week, which will affect the dynamics of the US indexes in the near future, will be the publication of the report on the US labor market on Friday. We maintain a positive medium-term outlook for the US stock market, but we can see their correction in the near future.
Most European stock markets were closed on Friday, while the British market showed slight growth, despite the weak statistics on the manufacturing PMI which fell unexpectedly to 51.9, against the forecast of 54.6. It is worth noting that today, the British market is closed, and on the course of trading in the euro area had a positive impact had the news on the growth of the Eurozone manufacturing PMI to 52.0, which is 0.1 better than expected and the index of investor confidence, which totaled 19.6 against the expected 19 5. In the spotlight of investors will be negotiations on the Greek debt, due to the need to pay on the IMF loan on May 12. If negotiations fail, Greece could default. Our medium-term outlook for the market in the region remains positive, but we note the risks associated with the Greek crisis.
Markets in the Asia-Pacific region ended the trading session near the previous close levels. The Japanese market will be closed from Monday to Wednesday. It should be noted that the publication of data on China's manufacturing PMI, calculated by HSBC has disappointed investors. Thus, the rate in April fell to 48.9, which is 0.5 less than analysts' forecasts. Tomorrow the course of trading in Australia will be affected by the application of the Reserve Bank of Australia, which can increase or hint at higher interest rates in the near future, which will support the bulls. Our medium-term outlook for the market in the region remains positive.