American stock indexes showed modest growth at the end of last week. The reason for optimism last week became the increase in oil prices. It is worth noting that the increase on Friday was restrained by weak consumer confidence data in the United States by the University of Michigan, which fell to 90.0 in March from 91.7 in the previous period. Today, the dynamics of trading will affect the news on home sales on the secondary real estate market in the US (14:00 GMT). The central event of the week will be the release of the US GDP report for the 4th quarter. Growth in the American markets may continue in the near future, but after a strong increase in the previous weeks, we expect to see the price fall in the near future.
Major European stock indexes started the trading week higher. The reason for the increase was the improvement in investor sentiment. The head of the IMF Christine Lagarde said that the IMF may revise upwards the current forecast for China's GDP growth by 6.3% this year. At the same time, data on euro area balance of payments disappointed investors. Thus, the figure totaled 25.4 billion euros in January against the forecast of 26.3 billion euros. The dynamics of trading today, will affect the news on the index of consumer confidence in the Eurozone (15:00 GMT). In the UK, tomorrow will be released inflation data. We maintain our medium-term positive outlook on the stock market in the region against the backdrop of stimulating program in the Eurozone.
Markets in the Asia-Pacific region have not showed uniform dynamics. Japanese markets were closed today due to the holiday. Shares in China showed growth against the backdrop of optimism about the improving outlook for economic growth. The fall in oil prices and other commodities had a negative impact on the attractiveness of the Australian assets, which are traditionally highly dependent on the situation on the commodity markets. Tomorrow will be released important statistics on the manufacturing PMI in Japan, which can greatly affect the mood of investors. At the moment, the Japanese market is highly dependent on the dynamics of prices on the Japanese yen, which has shown strong growth in recent months and the resumption of its fall will lead to the growth of the Japanese indexes. Our medium-term outlook for markets in the region remains positive.