The Ukrainian stock market is being updated and fighting for a mark of 1000. As a result of the trading session on Friday the decrease amounted 0.77%, closing at 1003.75 bps. Total trading volume in the spot market amounted 28.0 ml., in the futures - 41.9 ml.
A favorable final trading
in Europe was provided by the results of the summit of leaders of the Euro zone
countries. The leaders have managed to reach an agreement on a seven-year
budget, involving the reducing of costs for the first time. Euro Stoxx index
added 1,25%, to the trading results, DAX lost 0,81%. In the U.S., the S & P once again came to the five-year high, gaining 0.57% on Friday. A strong corporate and economic data provided support for the U.S. market at the end of the week. The statistics from China also helped. A rapid growth of China's foreign trade balance for the last year speaks about a strong recovery of the economy and, consequently, contributes s better expectations of players in general.
Yet despite the favorable
end of trading on Friday, the new trading week may start with correction. The
reason for the sales may be the news from Europe. Today the Euro zone finance
ministers will discuss an issue of aid for Greece and Cyprus. In addition, a serious
risk brings the situation with the elections in Italy, and a scandal with the
ruling party in Spain. In the U.S. the statistics on retail sales, which will
be released on Wednesday, February 13, deserves an attention as it is expected
to point to the reduction in the activity of the consumer.
Today, the majority of
sites in Asia are closed because of the New Year celebration. It seems that the
markets have entered a consolidation phase. The struggle between fear and greed
will boost the volatility. Thus if the U.S. indices most likely will remain at
their current levels, the developing sites should expect for decline amid leaking
away speculative capital.
www.ik.ifgcapital.com.ua
www.ifgcapital.com.ua
