The Market is Waiting for Additional Drivers

The USA continues to publish mixed statistics. In April, private consumption expenditure increased by 0.2%. Experts expected the growth of the rate by 0.1%. At the same time, the consumer confidence index (May) fell by 1.2% to 117.9. The probability of an increase in the Fed’s interest rate in June is quite high (more than 80%).

It should be recalled that at a recent press conference, the ECB President Mario Draghi said that despite positive changes in the economy, the monetary policy should remain adaptive.

The index of business activity in the manufacturing sector of China in May remained at the same level and amounted to 51.2, which is more than the forecasted value of 51.0.

Market Indicators

Yesterday, US stock indices showed a variety of trends: #SPY (-0.09%); #DIA (-0.16%); #QQQ (+0.08%).

At the moment, the 10-year US government bonds yield is recovering. The indicator is at the level of 2.23%.

Yesterday’s trading ended with a slight decrease in the dollar index (-0.15%).

Today we recommend you to pay attention to the following events: