American stock indices ended yesterday's trading session with the growth against the backdrop of positive expectations about a referendum on Britain's membership in the EU, but according to the results of the plebiscite about 52% supported the idea of exit from the European Union, which will lead to a fall on the stock markets of the world and increase of the uncertainty in Europe. It is worth noting that the data that was released yesterday according to which the new home sales in the US fell to 551 thousand in May against the forecast of 561 thousand, but in spite of this situation in the housing market of the country remains stable. Today, it is worth paying attention to statistics on the volume of orders for durable goods (12:30 GMT) and the index of consumer confidence in the US (14:00 GMT). We forecast a drop in US markets on the background of the results of the referendum in the United Kingdom and the fall in commodity prices.
European stocks showed a strong fall after a referendum in the UK decided the on the country’s exit from the EU, leading to a slowdown in the British economy, and may result in exit of Scotland and Northern Ireland from the United Kingdom. It is worth noting that this event will be the key for the global stock markets this year. Volatility on the markets will remain high due to rising speculation about the impact of this decision on the growth prospects of the EU economy and the UK, as well as the impact on financial markets of the world. We expect a further decline in Europe and expect strong movements.
Markets in the Asia-Pacific region reacted negatively to the results of the referendum on the UK's membership of the EU. This decision will make more complicate trade with the United Kingdom in the near future. It is worth noting that the risks associated with the outcome of the referendum have led to the strengthening of the yen and the fall of the Japanese asset respectively. The drop in raw material prices had a negative impact on the Australian market, but on the other hand was supported by a sharp increase in gold mining companies’ quotes. According to our estimates, the growth of instability in global financial markets will put pressure on share prices in the region in the near future.