US stock indexes yesterday showed moderate growth on the background of positive corporate reporting of a number of companies, as well as macroeconomic data on the housing market in the country. It is worth noting that analysts had expected a weaker corporate reporting season. At the same time, the number of new home sales in the US rose to 5.19 million, compared with an expected 5.04 million. Today the dynamics of trading will depend on labor market data (12:30 GMT) and new home sales in the US (14:00 GMT). Both sectors are key ones for further growth of the US economy and the Fed raising interest rates. Our medium-term outlook for the markets of the country remains positive, but we can see a correction in the near future.
Investor sentiment on the major stock markets in Europe deteriorated amid fears of investors about the current situation with the debt problems of Greece. Investors also were disappointed by the data on reduces the manufacturing and service PMI Eurozone in April to 51.9 and 53.7 respectively. Retail sales in the UK fell in March by 0.5%, despite the expectation of growth of 0.4%. Despite the current unstable situation in the markets of the region caused by the risks associated with the Greek debt crisis, we expect continued growth in the key markets of Europe in the medium term due to the quantitative easing program and the inflow of capital from the Middle East and Asia.
Markets in the Asia-Pacific region do not show uniform dynamics. Japanese stocks decline amid of the weak yen, but the statistics on the country's manufacturing PMI was partially offset by this positive. Thus, the rate fell in April below the level of 50.0 to 49.7, indicating a reduction in the sector. The same indicator in China, calculated by HSBC fell to 49.2, which is 0.3 worse than analysts' expectations. Driver of growth in the region is waiting for new stimulus measures by the Chinese government to sustain growth in the country. We maintain a positive medium-term outlook for the markets of the region, but do not exclude the fall within the correction.