American stock indexes continued to fall yesterday amid falling shares of most of the sectors, and the largest drop was recorded in the financial sector, due to fears of investors about the results of the referendum on the UK's membership in the EU. On the trading dynamics a negative effect also had the fall of oil prices and the recovery today is likely to support the growth within the correction. The central event of the day will be the publication of the final report on the growth of US GDP in Q1 (12:30 GMT). In addition, we should pay attention to the data on the index of consumer confidence in the US from the Conference Board (14:00 GMT). Our forecast for the near future remains negative.
European stocks today show growth against the background of correction after two days of active sales, which were caused by the unexpected results of the referendum on the UK’s exit from the EU. Current growth within the correction and a high level of volatility will continue in the near future. Investors will be watching for statements from London and Brussels. Today, in the EU started the summit, at which will discuss the current situation related to the British referendum. Macroeconomic statistics in the near future will have a minimal effect on the dynamics of trade in the region. We expect a further fall at the main stock markets in Europe.
Major stock indexes in Asia and the Pacific have changed slightly today amid uncertainty on the market. Support for the Japanese market was a hope for measures to support the economy of the country by the government and the central bank. In the case of the further strengthening of the yen, we will probably see the currency interventions that will support the country's stock market. Tomorrow, on the dynamics of trading will affect the news from Europe, as well as statistics on retail sales in Japan, and new home sales in Australia. Volatility in the near future will remain high and more likely will be a continuation of the negative dynamics of the markets.