US stock indexes rose on a background of positive statistics on the labor market in the country. So the number of initial unemployment claims totaled 265 thousand, which is 12 thousand better than analysts' forecasts. At the same time investors are waiting for today's report on the labor market in the US (12:30 GMT) which will greatly affect the mood of investors. The improvement in the result will lead to an earlier Fed rate hike. It should be noted that the head of the Fed and its deputy noted that the stock markets are at a maximum and can begin to decline. We maintain the medium-term outlook for US markets, but note the likelihood of changing the forecast in the near future.
European stocks showed different dynamics. The central event in Europe was the parliamentary elections that have been won by the British ruling Conservative Party. This fact reduced the relative risk of political uncertainty in the country in the near future. It is worth noting that the volume of industrial production in Germany fell by 0.5% in March, against expected growth of 0.4%. Investors' attention is drawn to the statistics on the US labor market. Overall, the program of quantitative easing and the decline of the euro supported growth on the European markets, but investors continue to monitor the situation with the Greek crisis. Our medium-term outlook for the market in the region remains positive.
Markets in the Asia-Pacific region showed growth on the background of improved sentiment in the United States. In addition, investors decided to fix positions ahead of the weekend and the release of important statistics on the US labor market. It is worth noting that China's trade surplus totaled 34.1 billion, against the expected 34.5 billion. The country's exports in April fell by 6.2% compared to the same period of the last year. On Monday, the dynamics will depend on the sentiment on the US stock markets. We maintain a positive medium-term outlook for the markets of the region.