American stock indexes showed gains yesterday on the background of a partial recovery in oil prices, as well as publications on non-manufacturing PMI statistics in the United States, which in June rose to 56.5, against 52.9 in May. This fact reinforces the confidence in acceleration of the growth of the US economy in the second quarter. Today, the dynamics of trading will affect the news on the number of initial unemployment claims (12:30 GMT) and US oil inventories (15:00 GMT), but investors will not accumulate positions ahead of tomorrow's publication of statistics on the labor market in June. Our forecast for the US market in the near future remains negative.
European stock indexes today are growing against the background of recovery in commodity prices, as well as due to technical factors. The dynamics of trading negatively affected the news on the volume of industrial production in Germany, which fell by 1.3% against the forecast of growth by 0.1% in May. In the UK, industrial production fell by 0.5% in May against the forecast of decline by 1.0% and growth of 2.1% in April. EU and UK economy will suffer from a British referendum results and we expect to see a negative trend on the stock markets of the region in the coming months.
Major stock indexes in Asia and the Pacific today mostly rose today against the background of positive statistics in the United States, which has led to an increase of US indexes. Japanese assets continue to be negatively affected by the strengthening of the yen, which makes products from local producers less competitive in overseas markets. The Australian market has shown growth on higher commodities prices and in spite of the reduction in the forecast for long-term credit rating to "negative" by international agency Standard & Poor's. The probability of the fall on the stock markets of the region in the near future remains high, despite the current correction.