On Thursday, stock markets took an important step towards a more serious correction, but based on the day’s results we can say that apprehension once again proved to be false. Thus, even the UX Index slid by only 0.9%, having won back a significant part of morning losses. In turn, the decline of U.S. indexes was even more modest, and although Apple's stock closed below the USD 600 mark, the loss by the session’s end amounted to only 0.5%.
Thus, market participants are more willing to bet on the growth of risky assets from current levels than betting on an accelerated decline. At the same time, we have not observed the classic pattern of the situation turning over, so it will come as no surprise to us if the UX Index will actually reaches 1300 points. Thus, the idea of short-term trading at the 1,300-point mark (+/- 10) points should remain in force. As previously, investors should continue to ignore the news background.
