US stocks fell yesterday due to increased confidence in the Federal Reserve raising interest rates this year. The reason for such expectations became positive statistics on orders for durable goods, which increased by 0.5% with the exception of the transport component. At the same time, sales of new homes rose to 517 in April, compared with an expected 501 thousand. Today, investors' activity is reduced due to the expectation of an important report on the growth of US GDP, which will be released on Friday. Falling indexes may continue in the near future, but the medium-term outlook remains positive.
European stocks showed a negative trend against the backdrop of lack of progress in negotiations and Greece's creditors, as well as the fall in the US stock markets, which was caused by increasing concerns about the Fed raising interest rates. Consumer confidence in Germany rose by 0.1, to 10.2, but this fact does not change the negative sentiment. British traders are waiting for tomorrow's statistics on the growth of GDP. We keep medium-term positive outlook on the background of the program of quantitative easing, but risks associated with the Greek crisis may lead to a drop on the market in the near future.
Markets in the Asia-Pacific region did not show uniform dynamics during today's trading session. The Hong Kong market has adjusted amid worsening sentiment in the United States. The IMF lowered its forecast for China's GDP growth to 6.8% in 2015. At the same time, Japanese investors are in no hurry to accumulate positions ahead of the release of a large block of statistics on the economy of Japan on Friday. The weakening of the yen will continue to support the optimism on the market. The fall in commodity prices puts pressure on Australian stocks. We expect a continuation of the correction in the near future, but the medium-term view remains positive.