Stock indexes in the US yesterday showed little change, despite the publication of positive statistics on durable goods orders, the volume of which in April rose by 3.4% which is 3.1% more than forecast. Today a strong impact on the dynamics of trading will have a preliminary data on US GDP growth in the 1st quarter (12:30 GMT). In addition, Janet Yellen will speak (17:15 GMT) and her rhetoric may affect investors' expectations regarding the timing of the Fed raising interest rates. On Monday, in the US holiday. Given the lack of incentives for further growth, lower profits of US corporations and the expected decline in oil prices, we expect the beginning of correction on the US stock markets in the coming weeks.
European stocks showed little change on the expectation of important statistics on US GDP and speech of Janet Yellen. It should be noted that today in the region has not been published important macroeconomic data and investors are waiting for new signals. On Monday, in the UK is a day off. After the current consolidation on the markets, there is a high probability of strong price movement. Our medium-term outlook remains positive and we expect increased volatility on the markets in the coming weeks and more likely in the short run is a downward correction.
Markets in the Asia-Pacific region showed different dynamics, but activity on the market was restrained by the anticipation of the publication of news on the growth of the US economy. In addition, investors are waiting for G-7 summit results, but we do not expect the decision to affect the mood on the markets. In China, was published statistics according to which the profits of large industrial enterprises of the country grew by 6.5% and the worst dynamics for the year showed the oil and gas and coal sectors. We expect growth in investor activity after the current consolidation and want to point out the risks of falling stock markets in the short term.