27.05.2014 - Traders are waiting for data from the U.S.

Trading session on the U.S. stock market yesterday was closed because of Veterans Day celebration. Currently indexes are near historic highs and for the continued growth they will need a strong incentive. Today, the course of trading may be affected by the data on the durable goods orders in April (12:30 GMT), the index of house prices (13:00 GMT) and the consumer confidence index in May (14:00 GMT). We expect a downward correction and keep long-term negative outlook on the U.S. market.

April 21, 2014 USSPX Graph

European stock indexes reached their highest level since 2008 on the background the results of elections to the European Parliament, where the majority remained behind the pro-European and centrist parties. At the same time increased the amount of eurosceptics. Statement by Mario Draghi in which he once again sounded the need to fight with low inflation, also supported the markets. Today investors will be watching the data from the U.S. and the situation in Ukraine. We expect the ECB to decide on new measures against deflationary risks on June 5, and after it will make further predictions on the market.

Markets in the Asia-Pacific region are mainly falling on the background of talks about the need to reduce harmful emissions to the atmosphere in China, which can be costly for industry. On the Japanese market we see a little optimism associated with a reduction of the yen and the growth of the price index for corporate services in April to 3.4% compared with an expected 3.3%. The Australian market almost unchanged. We maintain a long-term negative outlook for the markets of China, Japan and Australia.

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