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22.05.2014 - Data on China's industry pleased investors

Major U.S. stock indexes finished yesterday's trading session with growth on the background of positive reports of retailers Target, Tiffany & Co. and Lowe's. Publication of minutes of the Federal Open Market Committee of the U.S. Federal Reserve meeting slightly affected the dynamics of trading. In the minutes was noted the weakness of the housing market, labor market recovery and the need for further tightening of monetary policy. Today the focus of investors will be on data on the number of initial unemployment claims in the U.S. (12:30 GMT), data on the housing market and the index of leading economic indicators (14:00 GMT). It should be noted that because of the end of corporate reporting season on the market remains less drivers for growth, in addition, many investors will fix positions before summer. We maintain long-term and medium-term negative outlook for the U.S. indexes.

European stock indexes ended the trading session with growth amid improving consumer confidence index in May to -7, against -9 in April. Growth was restrained by weak data on the euro area balance of payments surplus which fell by 3 billion in March to 18.8 billion. Today the course of trading may be influenced by the data on the services and manufacturing PMI of the Eurozone (08:00 GMT). 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 mood at the U.S. markets. Japanese indexes increased due to the weakening of the yen. The Chinese market rose after the release of data on the growth of manufacturing PMI to 49.7, against the forecast of 48.4. Australian index rose after yesterday's decline amid positive from America and China. We maintain a long-term negative outlook for the stock indexes in China, Japan and Australia.

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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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