The situation improvement on the Euro-zone debt market keeps supporting quotations of the USA and Europe.
Ukrainian stock indices followed global tendencies and showed the confident growth yesterday. The increasing dynamics of EUR-USD exchange rate shows that investors from developed markets keep playing back the possibility of Greece default delay. Prime-Minister of Greece, Georgios Papandreou achieved the support of 155 parliamentarian to carry the middle-term budget program, decreasing expenditure by EUR 78 billion (USD 112 billion) and disposing governmental assets.
Greece deputies approved the rough economy program of the government, carrying out the demands of EU and IMF in advance of affording another credit for 120 billion to the country.
The USA indices closed the day on the positive territory. The announcement of MOODYS rating agency concerning credit ratings decrease possibility of various States and Municipalities of the USA may affect the pressure to quotations. This may occur if the government cannot make a deal with Congress concerning the limit for governmental debt increase and to force the budget reduction. In this case, the chance that government loses its “AAA” rating by obligations will significantly grow.
After this there will be indispensable reconsideration or decrease of credit ratings of various states and municipalities of the country.
Asian stock indices increased. Chinese SSEC, Japanese Nikkei, Korean KOSPI increased by 1,41%, 0,19%, 0,26% respectively. Statistics is positive. The industrial manufacture of South Korea increased by 1,7% in May, versus 1,0% expected. The previous change was by -1,5%. The quantity of pending house constructions increased by 6,4% in May, versus 3,5% expected. The previous change was by +0,3%.
Russian RTS index is in the green zone.
As a result – on the trade opening in Ukraine there was a positive external background.
The Futures for UX Index 6.11. Technical analysis.
On the 4-houred timeframe the price is placed above the Parabolic indicator. Stochastic and RSI keep signs to buy. The trend is bearish.
On the quarter timeframe the price placed below the Parabolic indicator. Oscillators do not give the univocal signs. The trend is lateral.
We forecast Index and Futures increase by the results of the trading session, if the USA stock indices grow firmly.
