13.07.2015 - The agreement on the Greek debt crisis has supported the growth of markets
US stock indexes showed an increase during the last trading day of the week and will continue to rise amid news on an agreement between Greece and the Eurogroup. Wholesale inventories in the US rose by 0.8% in May against the forecast of growth of 0.3%, indicating that the increase in GDP in the second quarter, but on the other hand may be a signal about the imbalance of supply and demand. Today, the dynamics will depend on the news from Greece. Today we expect increased activity on the background of the publication of statistics on retail sales in the United States. We remain medium-term positive outlook for the US stock indexes.
Major European stock indexes show strong growth on reaching an agreement to provide Greece with new loans of about 86 billion euros after the Prime Minister of Greece, Alexis Tsipras promised that the parliament will vote in favor of the environment laws to reduce pensions and an increase in the sales tax in the country. We recall that on July 5, about 61% of voters in Greece voted against such austerity measures. The formal signing of the contract may take place before the end of this week. Tomorrow the course of trading will be affected by the data on industrial production and business sentiment in the euro area and inflation in the UK. We maintain a positive medium-term outlook for the markets in the region.
Markets in the Asia-Pacific region showed strong growth against the backdrop of positive news from Greece. In addition, the Japanese market has been supported by the fall of the yen, which traditionally has a positive impact on the value of the shares of exporters. The final report showed a decline in industrial production in Japan by 2.1% in May, which coincided with the forecast of analysts. China's trade surplus totaled 46.5 billion in June, compared with an expected 57.00. Investors are waiting for the publication of a large block of macroeconomic statistics on the Chinese economy on Wednesday. Our medium-term outlook for the market in the region remains positive, but the risks of sharp changes in the price of Chinese assets are still present on the market.