23.03.2015 - Negotiations on Greek debt again will be in the spotlight

Major US stock indexes have shown growth in the last trading session of the week on the background of positive report of the Nike company, as well as growth of biotech companies’ stocks. It is worth noting the positive effects of the softer rhetoric regarding the Fed raising interest rates the Fed. Today, the course of trading will be affected by the news regarding the negotiations on Greek debt restructuring, as well as the speech of the deputy head of the Fed statement Stanley Fischer (16:20 GMT), in which he can disclose further plans for the Fed on monetary policy. Also on the course of trading may be affected by the data on home sales in the secondary market in the US (14:00 GMT). We maintain a positive medium-term outlook for the US stock market.

Positive for the European stock markets on Friday was the news on the providing the country with 2 billion euros to maintain liquidity, as well as agreement on a list of reforms by the representatives of Greece. Today, investors expect the release of data on the balance of production orders in the UK (11:00 GMT), the index of consumer confidence in the Eurozone (15:00 GMT) and the speech of the ECB President (14:00 GMT). We forecast growth of European indexes in the medium term due to the launch of quantitative easing and improved economic performance in the Eurozone.

Markets in the Asia-Pacific region showed strong growth on the background of improving investor sentiment in the US, as well as in connection with the statement by the head of the People's Bank of China, who noted the intention of the central bank of the country to liberalize the investment process in the country. For example, Chinese citizens will be able to invest in foreign assets, and access of foreign capital to the Chinese market will also be simplified. Tomorrow on the course of trading will be affected by the data on the manufacturing PMI in China and Japan. We maintain a positive medium-term outlook for markets in the region.

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