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Analytics and Market news

Thursday, 31 May 2012

Briefing: Market awaits news from the United States

Astrum Capital

On Wednesday, investors were initially scared by the Chinese government, and then upset by European policy. Since the publication of data from the U.S. labor market will be presented to the public only today, market participants chose not to confront the negative attitudes and to postpone buying until today. At 15:15 Kyiv time, we can expect data on employment growth in the U.S. and, at 15:30, data on U.S. GDP.

As a result, the UX Index and futures on the S&P 500 Index came close to the potential support levels of 1,000 and 1,300 points respectively. However, closer to the start of trading on Ukrainian sites, U.S. futures had added about 0.3%, which should reduce selling pressure at the opening of the Ukrainian Stock Exchange.



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