29.04.2015 - Market awaits the Fed statement

The American stock market showed growth despite the weak data on consumer confidence index from the Conference Board, which fell in April to 95.2, against expected growth to 102.6. Today we expect a strong increase in volatility on the market after the publication of the preliminary report on US GDP growth for Q1 2015 (12:30 GMT). The focus of investors will also be on the Fed's statement on monetary policy (18:00 GMT). Corporate reporting season continues to please investors. We expect increased volatility in prices today and maintain the medium-term positive outlook for US equity markets.

European stock markets did not show the direction in relation to the dynamics of mixed indicators for corporate reporting. Today, investors are waiting for the news on the GDP growth in the United States and the Fed. The main factor that continues to put pressure on the European stock markets is the Greek crisis, and news of the negotiations of Greece and creditors that continue to strongly influence the investors’ sentiment. We recall that on May 12 Greece should pay 780 million euros for the IMF loan. Today we expect increased volatility due to the large number of important macroeconomic data. Considering the positive effects of the quantitative easing program and the inflow of investment from abroad to European markets, we maintain the medium-term outlook for the stock indexes in the region.

Markets in the Asia-Pacific region ended the trading session near the previous close. In Japan today, is a day off. Investors were in no hurry to build up positions ahead of the Fed's statement and the Bank of Japan on monetary policy. It is worth noting that in China tomorrow will be a holiday. Increased activity in Japan tomorrow will be driven by the publication of data on industrial production in the country. It is worth noting the positive impact of rising prices for iron ore and other metals on the Australian market. Further movement of the markets in the region will depend on the mood of US investors. We maintain a positive medium-term outlook for the markets of the region.

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