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Analytics and Market news

Tuesday, 17 April 2012

Briefing: Apple shares see 4% drop

Павел Ильяшенко, стратег Astrum Capital

With the closure of the Ukrainian Stock Exchange on Friday 13, the news background was amplified by predominantly negative events. Thus, market participants do not perceive the start of the earnings season to be successful and China's economy continues to scare the faint of heart, while Apple's stock delighted a large group of players with an aggressive decline for the first time since October 2011. We also note the continued growth of yields for Spanish sovereign bonds, which is important in the vein of today's trading.

In general, after U.S. indices failed to gain a foothold above key technical levels on Monday, April 9, the markets continue to be under pressure and there are no specific signs of an impending upward turn in the market. At the same time, under such circumstances, the complicated situation of the Ukrainian market still has a chance to outperform: that is, they are declining less rapidly than, for example, European indices.     



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