American stocks yesterday showed a decline against the background of deteriorating employment figures in the US private sector from the ADP, where the number of jobs increased by 156 thousand, against the forecast of 205 thousand. On the other hand the service PMI in the US increased by 1.2 to 55.7. Today, the growth index will support an increase in oil prices due to the wildfires in Canada that can lead to disruption of oil supply. Tomorrow will be published important statistics on the labor market in the US in April, which will lead to increased volatility. Our forecast for next week remains negative.
European stocks showed weak growth. Markets in Germany and France are closed for a holiday. On the British market dynamics was negatively affected by the news service PMI that in April fell to 52.3 against 53.7 in March. The dynamics of the market in the region in the near future will depend on the situation on the US stock markets and oil prices. Strong movements are possible in the UK market in the case of growth of speculation regarding a possible exit of the country from the EU. Our medium-term outlook for the major European markets remains positive, but we expect to see a fall in the coming weeks.
Markets in the Asia-Pacific region show different dynamics. Japanese investors will return only tomorrow after the holidays. Optimism in Australia has grown due to increased sales of new homes by 8.9% in March, after falling 5.3% in the previous period. In addition, the country's retail sales rose by 0.4%. Data on China's trade surplus will be published at the weekend, which traditionally leads to increased volatility. We expect a strong movement on the markets on Monday. Until the end of May, we can see a continuation of the negative dynamics of the indexes in the region.