Last week was short for the US market.

On Monday, US stock markets were closed in connection with the state holiday.

The next day, trading ended in the red, mainly due to a noticeable decline in the financial sector, which was due to concerns about the political situation in Italy and Spain. Some influence on the course of trading were also provided by the data on the United States. As it became known, the index of consumer confidence from the Conference Board grew in May after a slight decline in April. The index is now 128.0 compared to 125.6 in April. The index of the current situation increased from 157.5 to 161.7, while the index of expectations increased from 104.3 to 105.6.

On Wednesday, the US markets experienced steady growth against the background of the restoration of shares in the energy and banking sectors after the sale during the last session. A new portion of statistics had a certain impact on the dynamics of stock indices. A report from the ADP showed: the growth rate of employment in the private sector of the US slowed in May more than forecast. According to the report, the number of employees increased by 178 thousand compared with an increase of 204 thousand in April. Analysts expected the increase of 190 thousand. In addition, the Ministry of Trade reported that economic growth in the US slowed slightly more than originally expected in the first quarter, due to downward revision of investment in inventories and consumer spending, GDP increased by 2 , 2% per annum, instead of the previously reported rate of 2.3%. In the fourth quarter, GDP grew by 2.9%. Economists expected that GDP growth in the 1 st quarter would remain at 2.3%.

On Thursday, the major US stock indexes registered moderate decline after the US decided to introduce tariffs for the import of aluminum and steel from Canada, Mexico and the European Union, triggering new fears about a trade war with its closest allies. Investors again drew attention to data on the United States. As it became known today, the index of purchasing managers in Chicago rose in May by 5.1 points to 62.7, reaching the highest level since January. In May, business activity improved, while the growth in operating activity of companies accelerated only the second time this year. All five components of the index have risen in a month, helping to return the index on an annual basis back to the expansion territory. Meanwhile, data from the National Association of Realtors showed that the index of unfinished housing transactions (PHSI), the forecast figure based on the signing of contracts, fell by 1.3% to 106.4 in April from the revised level of 107.8 in March. With the decrease in April, the index fell at an annualized rate (-2.1%) for the fourth consecutive month.

Trading at the end of the week ended in the "green zone" after the data on workplaces showed strength in the world's largest economy and strengthened expectations about the interest rate increase by the Federal Reserve this year. In May, employment growth in the US accelerated, and the unemployment rate fell to an 18-year low of 3.8%, indicating a rapid tightening of labor market conditions, which may cause concern over inflation. The average hourly earnings rose 0.3 percent after rising 0.1 percent in April. This increased the annual increase in the average hourly income to 2.7 percent from 2.6 percent in April. The reduction in the unemployment rate by one-tenth of a percentage point pushed it to the level that was last seen in April 2000. The unemployment rate is now at the forecasted level of the Fed at 3.8 percent by the end of this year. Economists predicted that the number of jobs increased by 188,000, while the unemployment rate remained at 3.9 percent.

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