While the Ukrainian stock market was closed in connection with the celebration of Victory Day, global markets continued their rapid development. In terms of numbers, we can say that optimists continued to surrender their positions as stock indexes closed lower than their previous values. At the same time, a careful look at the dynamics of futures on the S&P 500 points to the formation of the consolidation level near the 1,360-point mark.
At the same time, the news background continues to be structurally negative, so the chances of resuming a downward movement within a few days seem to be higher. We see the most useful indicator in terms of the balance of market sentiment as bond yield dynamics in Spain: in the short term, negative sentiment will dominate as long as the yield of 5-year bonds remains above 5%.
