Major US stock indexes did not show uniform dynamics in spite of the strong growth of Google after the publication of the earnings report for the second quarter. As a result, the index of technology stocks Nasdaq rose to historic highs. On Friday was published important statistics on consumer price index in the United States, which in June rose by 0.3%, in line with expectations. In addition, the growth was supported by strong data on the increase in the number of housing starts to 1.17 million in June, against 1.07 million in May. Today, the course of trading will be affected by the speech of US Treasury Secretary Jack Lew (18:30 GMT). We remain medium-term positive outlook for the US stock market, but we can see its correction in the near future.
European stock indexes after a minor correction continued to rise due to the return to the previously lost positions against the background of the Greek crisis. Today it has been published statistics on the index of house prices in the UK, which grew by 0.1% in July against 3.0% in June. Data for the euro area balance of payments in May fell short of analysts' expectations and the surplus totaled only 18.0 billion against the forecast of 23.1 billion. We expect lower volatility this week. Our medium-term outlook remains positive due to the positive effect of the program of quantitative easing in the Eurozone.
Markets in the Asia-Pacific region ended the trading session around the previous close levels. The Australian market is under the pressure of falling prices for iron ore. In Japan today, is a day off. It is worth noting the positive statistics on the growth of crediting in China in June to 1.279 trillion against 901 billion in the previous period. Tomorrow will be published the minutes of the previous meeting of the Reserve Bank of Australia where investors can find hints of a further decline in interest rates. We expect continued growth on the markets of the region in the near future.