Ukrainian stock indices showed the lateral trend and different dynamics yesterday, within the absence of signs from the USA, where there was no trade. The UX index stepped into the red zone in the second half of the day.
European and Russian stock indices majorly showed inertial growth. By Alexey Sidorov, analyst of IFG CAPITAL, the main affective event of this day will become the oil price decrease after Libyan leader Muammar Kaddafi announcement concerning him leaving rule in return for safety assurance; and negative concentration at Chinese direction.
The beginning of the peaceful conflict regulation in Libya may lead to the substantial decrease of oil prices during several following days. This factor is negative.
It is also worth noticing that the USA had an unfounded quotation growth before holidays, at least during last two days. There will be no substantial macro-indicators published today, that is why speculative profit fixation may lead to a significant correction on the American market.
Thus, the background on the opening was negative today.
Asian stock indices have different trade directions. Chinese SSEC decreased by 0,21%. The quotations are affected by the escalation of rates increase by the People’s Bank of China within the background of inflation expectations to be higher than 6% in June and following increase of interest rates on the interbank market. The anxiousness concerning debts of CPR local government is also increasing, By Moody’s rating agency the governmental debt is USD 540 billion higher than declared by state auditors. As a result – the percentage of bed debts may reach 8-12%.
Japanese Nikkei, Korean KOSPI increased by 0,07%, 0,77% respectively.
Russian RTS index opened the day on 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. Stochastic and MACD keep the sign to buy. The trend is lateral.
On the quarter timeframe the price is placed below the Parabolic indicator. Oscillators show the dynamics close to neutral. The trend is lateral.
Analytical department of IC IFG CAPITAL forecast Index and Futures decrease by the results of trading session, if index isn’t fixed higher than 2350 points level before midday.
Composed by Analytical Department
IC IFG CAPITAL, LLC
Alexey Sidorov
