Major U.S. stock indexes rose slightly yesterday. The leaders of increase were the stocks of the technology sector. Volatility in the markets has remained low due to lack of important macro. Today the course of trading may be affected by speeches of the Fed officials Charles Plosser (16:30 GMT) and William Dudley (17:00 GMT). In connection with the end of the corporate reporting season on the market remain fewer drivers for further growth. We keep long-term and medium-term negative outlook on the U.S. indexes.
European stock indexes ended the trading session mixed. Lack of important macroeconomic resulted in low activity of traders on the market. Today was published the data on producer price index in Germany, which fell by 0.1% in April, which is an additional stimulus to launch new measures to fight deflation in the euro area. The focus of the British market today will be on data on producer price index, consumer price index and house price index. Markets are waiting for the ECB meeting on June 5 on which may announce the launch of new measures to fight low inflation. We keep a long-term negative outlook for the European indexes.
Markets of the Asia-Pacific region rose slightly on the background of positive from the U.S. Japanese indexes rise on yesterday's data on orders for machinery, which in March rose by 19.1%. In China, the leaders of growth are technology companies that have grown following the growth of the same sector in the United States. The Australian market is growing, despite the decline of iron ore prices to 98.50 dollars per ton. The main factor that affects the markets of the region is the concerns about the crisis in the construction sector in China. We keep a long-term negative outlook on the stock indexes in China, Japan and Australia.