American stock indexes showed a decline on a background of fixing positions after a strong growth, as well as in connection with the fall in oil prices. It is worth noting that the markets are under pressure of concerns about the negative impact of the UK’s exit from the EU on the world economy. Negative for investors was the statistics on the volume of factory orders, which fell by 1.0% in May, against growth of 1.8% in the previous period. Today, it is worth paying attention to the data on the non-manufacturing PMI (13:45 GMT) and the publication of the previous Fed meeting minutes (18:00 GMT). Our forecast for the near future remains negative and we expect a fall in the medium term.
European stocks continue to decline rapidly amid increasing concerns about the UK’s exit from the EU. The fall in commodity markets is increasing the pressure on stocks in the region. Today, investors were disappointed by data on the volume of industrial orders in Germany, which has not changed in May, despite the expected growth of 1.0%. Tomorrow will be released an important statistics on industrial production in the UK and Germany. We expect that the decline will continue in the near future and medium term.
Markets in the Asia-Pacific region following American and European indexes. In addition to a general deterioration in investor sentiment in the world, the Japanese market has affected the strengthening of the yen. Australian index fell against the background of negative dynamics of commodity markets. Investors are waiting for speech by Bank of Japan chief Haruhiko Kuroda, in which he may declare additional measures to stimulate the economy, which will improve the mood on the market. Our forecast for the markets in the region remains negative.