Ukrainian stock market closed the week in the green zone. The main pushing power of global indices was positive data of the USA business activity. The support to the native quotations was also given by the improvement of manufacturing indicators of iron works in the first half of 2011, which increased the eliquation by 3-10%.
There was positive background on the trade opening. The Independence Day is celebrated in the USA, that is why there will be no trade today. American stock indices closed the previous day substantially better than the levels of European trade closing. This factor within the absence of significant statistics from the USA and Europe today will affect substantially positive the investors moods.
European indices showed good results too. Greece debt issue may lose its relevance. Ministers of Finance of the Euro-zone approved the next tranche of financial aid to Greece. Analytics tend to think it may delay the default danger to at least year 2014.
Asian stock indices majorly grow. Chinese SSEC, Japanese Nikkei, Korean KOSPI increased by 1,57%, 0,98 %, 0,92 % respectively. Chinese quotations were supported by the possibility of monetary politics mitigation by Chinese government in the second part of the year despite high inflation expectations.
Russian RTS opened the day in the positive territory.
The Futures for UX Index 6.11. Technical analysis.
On the 4-houred timeframe the price is placed above the Parabolic indicator. Oscillators give the signs to buy. The trend is bullish.
On the quarter timeframe the price is still placed above the Parabolic indicator. Stochastic and RSI are sent up but close to their minimal values. The trend is ascending.
The Analytical Department of IC IFG CAPITAL forecast Index and Futures increase by the results of trading session.
Composed by Analytical Department
IC IFG CAPITAL, LLC
Alexey Sidorov
