On
Thursday, on the eve of Independence Day, some investors decided to close the
positions. Thus the market fell by 1.57%. At closing the UX totaled 1055.03 bps. Trading volume in the spot market totaled 32.6mln,
the futures market – 25,8mln.
Old World
stock markets were working on Friday. The
major European benchmarks showed slight increase, while the indices during the
session for a long time were in the "red" zone. Vague sentiments on
the stock exchanges are mainly explained by flabby results of the meeting with
Angela Merkel and Greek Prime Minister Antonis Samaras, held in Berlin. Thus,
the chancellor once again said that Germany is ready to help the Greek
government and supports the preservation of Greece in the euro area, however, the
subject to the data of its obligations.
At the end of
the trading session the players were inspired to receive good news. The first was the statement of the U.S.
Federal Reserve Ben Bernanke hinted that the government still has space to
expand the incentives, and secondly, informed sources said that the European
Central Bank is considering the establishment of target levels on the income
bond of problem countries, but not before the meeting on September 6.
At the end
of the trading day the regional indicator STXE 600 inched up 0.12% and closed at
268.00 points. Britain's FTSE 100 index showed zero change on the session. The
main index of the German stock market DAX firmed by 0.31%. France's CAC 40
climbed by 0.02%.
The ensuing
week will be marked by the expectations of the U.S. Federal Reserve Chairman
Ben Bernanke speech at the annual
symposium in Jackson Hall this Friday. Investors usually expect from the
Chairman some hints on the ability to start a new round of quantitative easing
(EQ3) in anticipation of the next Fed meeting, to be held in mid-September.
Analytical department
IC “IFG Capital
