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Analytics and Market news

Thursday, 24 May 2012

Brifing: Buyers ready to take advantage of bears’ confusion

Astrum Capital

On Wednesday, investors were once again assailed by sentiment about the political situation in Greece, resulting in a decline during the trading session, both on Ukrainian and global equity markets. However, in the afternoon, U.S. stock indices managed to win back losses and remained unchanged in value terms at Tuesday’s close.

We note that, among the top gainers on the U.S. stock market were industrial companies’ stocks, while the shares became outsiders were stocks from the so-called defensive sectors – health and utilities companies. This choice on the part of players speaks about a growth in risk appetite, which, under conditions of approaching the next support level, continues to be a good opportunity for the continued growth of risky assets from the lows observed late last week.



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