Today investors will return to the US stock markets, after the long weekend. It is worth noting that on Friday was published important statistics on the growth of US GDP for the 4th quarter, which, according to the final report grew by 1.4% vs. expected 1.0%. Growth in consumption and improvement in export performance will be positively displayed on the sentiment on the state of the global economy. In addition, today the dynamics of trading will affect the data on personal income and consumer spending, as well as the US trade balance (12:30 GMT). The growth may continue in the near future, but the probability of correction remains high in the near future.
Most European stock indexes are now closed due to the Easter holidays and the trading tomorrow will affect the dynamics of the US indexes and the statement of the Monetary Policy Committee of the Bank of England. Our view of the European equity markets remains positive, despite the risks associated with possible exit of Great Britain from the European Union after the referendum on 23 June.
Major stock indexes in Asia and the Pacific showed no unified dynamics. The fall of the yen against the US dollar is positive for the value of the shares of export-oriented companies. Tomorrow in Japan will be published important statistics on unemployment, retail sales and household expenditures. Trading in Hong Kong and Australia are closed today due to the holiday. Our medium-term outlook for the region's markets remains positive due to lower concerns about the economic situation in China.