U.S. stocks rose yesterday amid growing optimism after the publication of data on unemployment in the U.S., which fell by 0.2% in June, to 6.1%. The number of non-farm payrolls increased by 288 thousand that is much better than the forecast of 214 thousand. In the U.S. today is a day off due to celebration of the Independence Day. On Monday is also not expected a high volatility. We expect the price to continue to consolidate around current levels in the near future, but we forecast the beginning of a significant correction in the medium term.
European markets closed yesterday's session with steady growth against a background of positive from the U.S. In addition, the ECB President Mario Draghi said that the current level of interest rates will be kept for a long time. Lack of growth in retail sales disappointed investors, as well as the drop in the index of business activity in the UK service in June to 57.7, which is 0.4 worse than the forecast. Data on fall in industrial production in Germany by 1.7% in May, will also stimulate the reduction on the German market. We expect the resumption of the downward movement of European stock markets in the near future.
Asian markets have not changed much today. Growth showed the Japanese stocks that was due to a decrease of the Japanese yen. Investors are not in a hurry to build up positions ahead of the weekend. The Chinese market experienced positive mood of traders due to positive news on the U.S. labor market, but the long weekend in America forced to fix some positions. We forecast a decline of markets in China and Australia, and continued growth in the medium term in Japan.