US stock indexes were unable to continue strong growth and completed yesterday's trading session around the previous close levels. Statistics, which was published yesterday was mixed. For example, retail sales rose by 0.9% in March, which was 0.2% worse than analysts' forecasts. At the same time, the producer price index rose by 0.2% and showed growth for the first time since October last year, indicating a stabilization of inflation in the country. Today negative for the market became weak data on GDP growth and industry in China. The course of trading will be affected by corporate reporting and data on industrial production (13:15 GMT). We should also pay attention to the Beige Book (18:00 GMT). We maintain a positive medium-term outlook for the US market, but the potential growth has declined.
Most major European markets fell yesterday despite the positive statistics on industrial production in the euro area, which grew by 1.1% in February against the forecast of 0.3%. British investors were disappointed by the lack of data on growth in consumer inflation in March. Today, the central event of the day will be a press conference ECB President Mario Draghi (12:30 GMT). In the UK, will be published data on the index of leading economic indicators (13:30 GMT). Our medium-term outlook remains positive due to the stimulating effect of quantitative easing, but weak data from China keep investors away from new purchases.
Most markets in the Asia-Pacific region showed a decline on weak statistics from China. Thus, GDP growth in the first quarter fell to 7.0%, which corresponds to the lowest figure for six years, but is part of a plan to normalize the economic growth of the country. At the same time industrial production growth slowed to 5.6%, against the expected 5.9%. Consumer confidence in Australia in April fell to -3.2%, which is 2.0% less than the previous figure. At the same time, the decline in industrial production in February in Japan in February fell to 3.1%, which is 0.2% better than expected. Tomorrow, the focus of investors will be data on the labor market in Australia. We maintain our medium-term negative outlook on the markets of the region.