Last week, a bearish trend prevailed on the leading stock platforms across the world. Investors were disappointed over the downgraded forecast for global economic growth in 2014. Experts of the World Bank downgraded their forecast growth of global GDP from 3.2% to 2.8%. The main negative factors that contributed to downgrading the World Bank forecast were unfavorable weather conditions in the US, the crisis in Ukraine and re-balancing of the economy in China.

Statistical data that came in from the US over the previous week did not make anyone happy. Producer prices in the US slipped unexpectedly 0.2% in May, whereas analysts expected this indicator to inch up 0.1%. The Consumer Confidence Index in the US went down from 81.9 points in May to 81.2 points in June, which is a record-low for the last three months. Analysts expected this index to grow to 83 points.

Financial markets survey 16.06.2014