This morning, futures on the S&P 500 Index are showing moderate growth. This means that, after a slight correction the day before, markets are still presented yet another chance to gain a foothold above local resistance levels. At the same time, it should be noted that there is no increase in risk appetite, apparent due to the fact that no active buying can be observed neither in the commodities segment nor in terms of the popular risky currencies (for example, New Zealand and Australian dollars).
Thus, we can speak of a moderately positive external background before the opening of trading on Ukrainian exchanges. However, the chance for growth, is just that – a chance – and given the asymmetry of the short-term potential for growth/decline from current levels, being extra careful on investors’ part seems to be a preferable approach to taking excessive risks at this point.
