Market overview 2023-04-12

Despite the released on Wednesday not bad macroeconomic data in the USA, which showed the slowdown of consumer inflation, market participants preferred to reduce part of shares positions, which led to the decrease of the main stock indices within 0.85 percent. The market was declining at a very slow pace, which indicated a lack of buying rather than selling, and investors preferred not to rush in anticipation of the corporate reports. The largest sectoral declines could be noted in the Consumer and Communications sectors.