Today was published statistics on the index of investor confidence in the euro area, according to which the index fell in May to 19.6, against 20.0 in April. Analysts had forecasted a decline to 19.5. It is worth noting that the main risk to the euro area is the situation with the debt crisis in Greece, which in the case of the failure of negotiations with creditors may default this month. On the other hand, the program of quantitative easing in the Eurozone and the weakening of the euro continues to have a positive impact on the economy of the Eurozone. Our medium-term outlook for the stock markets in the region remains positive.