On Friday, US stock markets were closed and today investors will evaluate the publication of statistics on the labor market in the US, according to which the number of new jobs outside the agricultural sector grew only by 126 thousand, while analysts expected an increase of 246 thousand. Unemployment rate remained at 5.5%. Today, the course of trading will be affected by the news on non-productive PMI (14:00 GMT), as well as the President's speech the New York Fed (12:30 GMT), who may explain what effect the weak labor market statistics will have on the timing of rising interest rates of the Fed. Our medium-term outlook for US markets remains positive.
On Friday and today major stock markets in Europe are closed in connection with the celebration of the Easter. Tomorrow investors will return to the market and will evaluate the statistics from the US, which was published during the weekend. At the same time, investors will be focused on the negotiations of Greece and creditors on restructuring the country's debt. Our medium-term outlook for the markets of the region remains positive due to the positive influence of the quantitative easing program.
Most markets in the Asia-Pacific region today are closed. Strengthening of the yen amid weak statistics on the US labor market had a negative impact on the quotes of exporters. In addition, the decline in US futures also negatively affected the course of trading. Tomorrow we should pay attention to the statement of the Reserve Bank of Australia, which can lower interest rates to support economic growth in the country. Our medium-term outlook for markets in the region is positive.