Major US stock indexes yesterday showed a slight increase on the background of the publication of data on retail sales in the country, which increased by 1.2% in May, which is 0.1% better than analysts' expectations. At the same time business inventories increased by 0.4%. The growth of these indicators increases the confidence of investors in acceleration of the pace of US economic growth in the second quarter, after a decline of GDP in the 1st quarter of this year. Today, the focus of investors will be on the news on the Producer Price Index (12:30 GMT) and the index of consumer confidence in the US (14:00 GMT). In the near future is possible minimal growth, but the medium-term outlook remains positive.
European stock markets continued to monitor negotiations between Greece and creditors where the participants are trying to find a consensus on the necessary reforms. We recall that before the 19th of June Greece must hold a regular payment of a debt of about 1.6 billion euros. Investor sentiment at the end of the trading week, deteriorated due to fears of negative development of the Greek crisis. In addition, investors were disappointed by the weak data on industrial production in the euro area, which in April rose by only 0.1%, which is 0.3% worse than analysts' expectations. We keep medium-term positive outlook for the market in the region due to the positive influence of the quantitative easing program.
Markets in the Asia-Pacific region showed growth today. The pressure on the Australian market is still the decline in commodity prices. The Japanese market is supported by the fall of the yen, which has a positive impact on shares of exporters. In addition, the volume of industrial production in Japan rose in April by 1.2%, against expectations of growth of 1.0%. Chinese indexes rise on news about the growth of industrial production and sales of new homes. Growth in the region's markets according to our forecasts will continue to rise in the medium term.