28.05.2014 - American indexes renewed historical highs

Major U.S. stock indexes ended the trading session on Tuesday with growth amid falling geopolitical risks in connection with the election of a new president in Ukraine, as well as due to the positive data on the durable goods orders which rose in April by 0.8% compared with an expected decline by 0.5 %. In addition, the consumer confidence index in May rose to 83.00, which is 0.2 worse than the forecast. Today the course of trading will be affected by data on mortgage approvals (11:00 GMT). After long-term growth, we expect the correction. We maintain a long-term negative outlook.

European stocks continued to rise on positive news background from the U.S., where the growth of spending on the military sphere and recovery from bad weather conditions this winter. Today, the course of trading may be affected by the data on unemployed change in Germany (7:55 GMT) and the monetary base in the Eurozone (08:00 GMT). In the UK, will be published data on retail sales for May (10:00 GMT). Tomorrow in France and Germany markets will be closed due to the holiday. We expect a correction on the market and keep a long-term negative outlook.

Markets in the Asia-Pacific region rose on positive mood at the American exchanges. In China, was published a report on the largest companies profit growth by 1,1% in April. It should be noted that the profit of the coal companies for 4 months in 2013 fell by 45%. The Australian market also rose despite the fall of quotations of gold mining companies. The Japanese market is supported by a rise in prices on the housing market in Tokyo, which is associated with the Olympic Games in Japan in 2020. We expect a correction on the stock markets of China, Japan and Australia.

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