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Analytics and Market news

Thursday, 15 March 2012

Equity markets again ready for growth

Astrum Capital

On Wednesday, the Ukrainian stock market was able to withstand a minor correction on global platforms. However, UX Index growth rested on a broad selection of stocks, not just on another spike for Ukrsotsbank (USCB: UNDER REVIEW) shares. In the latter case, it should be noted that whatever the reason is for such dynamics, the market situation does not justify opening short positions for this stock under any circumstances.

In turn, after U.S. indices failed to demonstrate a significant decline, the balance of sentiment again shifted in favor of buyers. Thus, this morning, an overwhelming number of risky assets are gaining in price, and after strong growth in the yields of U.S. T-bills, it generally seems that the 1,400-point mark on the S&P 500 is not an insurmountable obstacle in the next few sessions.



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