Yesterday
the Ukrainian stock market finally broke a series of "red" trading
sessions, closing the day with the increase of 3.53%, fixed at around
884.41bps. Total trading volume in the spot market amounted 36.5mln., in the
futures - 69.9mln.
Yesterday's
trading session on global stock markets finished with the steady growth of the
major indexes. Thus, the growth of European indices averaged 2%, while the U.S.
indicators added about 1%.
The
positive economic data from the U.S once again provided support for the market.
Thus, the growth of industrial production was twice as high as predicted values
and amounted to 0.4%. Following the decline by 1.2% in August, the growth in
September is especially encouraging. The
U.S. consumer prices increased by 2%, as forecast by experts. The inflation
rate in the euro area was more significant and amounted to 2.7%.
Statements
of the U.S. corporations yesterday again brought no surprises to the market and
were viewed positively by traders. Thus, revenues and profits of Goldman Sachs
and Johnson & Johnson for the 3rd quarter were higher than forecasts. The statements of Coca-Cola can be considered
as neutral. It should be noted that the pessimistic expectations of reporting
companies in the U.S. have not proved so
far.
A
moderately positive develops before the trading. This morning the futures on
major U.S. indices are corrected and lose about 0.1%. The optimistic sentiments are experiences at
the auctions in Asia. The support for sentiments is provided by the credit
rating of Spain, confirmed by Moody’s, which is higher than "junk",
however, the forecast on rating is left at "negative." Explaining
such decision, Moody’s emphasized on the reduction of risk of loss accessing
the debt markets of Spain
Analytical
department
IC “IFG Capital”
www.ik.ifgcapital.com.ua
www.ifgcapital.com.ua
