30.06.2014 - Industrial production in Japan rose in May
Major U.S. stock indexes ended the last trading session of the week marginally higher. Increased demand for shares by the end of the session was due to the closing of short positions. Besides investment companies are reconsidering their portfolios by the end of the 2nd quarter. Markets were also supported the by the data on consumer confidence, which rose to 82.5that is 0.3 better than the forecast of experts. Today is the last day of the second quarter, which may lead to profit fixation of investment funds. The mood on the market will depend on Chicago manufacturing PMI (13:45 GMT). We expect a correction on the stock markets of America in the medium term.
Trading session on the European stock markets on Friday was calm enough. Growth of British index FTSE100 was supported by data on the volume of business investment, which in Q1 increased by 5.0%. During the same period the GDP grew by 0.8%, in line with expectations of experts, and the country's balance of payments deficit narrowed to 18.5 billion, which is 1.4 billion worse than expected. Today, the dynamics of trading can be affect by the statistics on the UK credit market (8:30 GMT) and the consumer price index in the euro area (09:00 GMT). We expect that in the medium term, European indexes will show negative dynamics.
Markets of Asia-Pacific region are moving in different directions. Strengthening of the Japanese yen after data on the growth of industrial production in May by 0.5% after declining by 2.8% in April has led to a decrease on the Japanese market. Australian investors negatively perceived data on reduction of new home sales in May by 4.3%. Chinese indexes grow slightly in anticipation of statistics on the country's industry, which will be released tomorrow. We expect a decrease on Chinese and Australian market and the resumption of growth of Japanese indexes in the medium term.