American stock indexes showed a positive dynamics against the background of positive start of the corporate reporting season, and also due to expected change of government in the UK without a long political struggle, which reduced the risks to the UK economy. It is worth noting that wholesale inventories in the US rose by 0.1% in May against the forecast of 0.2%. Today, the dynamics of trading will affect the publication of Beige Book (18:00 GMT) on the information about the economic situation in the United States. Strong activity growth is expected on Friday after the release of data on retail sales and inflation in the United States. Our medium-term outlook remains negative, but we do not exclude further growth in the near future.
Major European stock markets showed little change today after a strong increase in the previous trading session, which was caused by a decrease in investors' fears in connection with the exit of the UK from the EU. In addition, today the negative was the data on the volume of industrial production in the euro area, which declined by 1.2% against the expected fall by 0.8%. Tomorrow, the focus of the markets will be on the decision of the Bank of England on monetary policy and the possible launch of additional stimulus measures will lead to an increase in local indexes. We expect the resumption of the negative dynamics of indexes in the region in the aftermath of the UK exit from the EU.
Markets of the Asia-Pacific region showed moderate growth on profit-taking after a recent rally. In addition, in Japan stated that the central bank will not use the "helicopter money" to stimulate the economy. China's trade surplus amounted to 48.1 billion US dollars against the forecast of 46.0 billion dollars. Investors are waiting for the publication of statistics on unemployment in Australia tomorrow, and the growth of China's GDP on Friday. In the near future we can see a decrease in the indexes in the region.