14.07.2015 - Investors are waiting for the statistics on retail sales in the US

Major US stock indexes showed gains yesterday on positive news from Europe, where leaders of the Eurozone countries and Greece reached an agreement on a third program of assistance to Greece, according to which the country will receive 86 billion euros over three years, but the Greek Parliament must vote for cuts in public spending and tax increases. Today, the focus of investors will be on the publication of important statistics on retail sales in the country (12:30 GMT). Also, the course of trading will be affected by the data on the index of small business optimism (10:00 GMT) and inventories in the US (14:00 GMT). Our medium-term outlook for the country's stock market remains positive.

Major European stock indexes are near yesterday's closing levels after yesterday rose significantly against the backdrop of positive emotions associated with the reaching of a consensus between Greece and the countries of the Eurozone. It is worth noting that for the completion of negotiations on the Greek crisis, the Greek Parliament and a number of Eurozone countries have to vote for the relevant decisions. Today, the dynamics of trading in the UK will be affected by the inflation data (8:30 GMT). In the euro zone will be published important data on industrial production and the index of business sentiment of the country. Our medium-term outlook for the market in the region remains positive, but in the near future we may see a correction.

Markets in the Asia-Pacific region show different dynamics. Thus, the decline in the yen and oil supports the growth of the stock market in Japan. The Chinese market declined after a strong growth in the last days. The volatility on the trading floors of the country will remain high due to the recent collapse by 30% and strong measures to support the growth of the government and brokers. Support for the Australian index was the news on the growth of index of business sentiment in Australia to 10 in June, compared to 8 in May. Tomorrow is expected the increase of activity in connection with the release of important statistics on the growth of GDP and industry in China, as well as retail sales and investments in the country. Our medium-term outlook for the market in the region remains positive, but volatility will remain high in the near future.

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