American stock indexes showed a moderate decline amid lack of publication of important macroeconomic data in the United States. Negative for investors was the uncertainty about the negotiations in Greece and lenders that continue today. Traders are optimistic about reaching a consensus on the issue. Support for the market was the statement by the Fed on gradual increase in interest rates on the Fed. Today, the course of trading will be affected the news from Brussels, where there will continue the talks on the Greek crisis and statistics on sales of homes on the secondary market in the US (14:00 GMT). Our medium-term outlook for the American market remains positive, but we expect increased volatility this week.
European stocks showed an increase at the beginning of the week due to positive expectations from the meeting of the representatives of Greece and the Eurogroup. Positive for the market at the end of last week was the strong data on the euro area balance of payments surplus which rose to 22.3 billion compared to the forecast of 18.1 billion. Today, the course of trading will be also affected by data on the index of consumer confidence in the Eurozone (14:00 GMT). We expect growth on the European stock markets in the medium term and expect increased price volatility this week.
Major stock indexes in Asia and the Pacific showed a positive trend amid of the improvement of investors' expectations regarding the Greek crisis. Tomorrow we expect increased investor activity in connection with the publication of important statistics on the manufacturing PMI in China and Japan. Given the recent improvement in the industry of China, another growth can lead to an increase in the indices in the region. Increased market volatility is likely to continue in the first half of the week. We recall that in addition to the Greek crisis, traders will look closely at the final data on US GDP growth in Q1. Our medium-term outlook for the market in the region remains positive.