On Tuesday, 05.07.2011, the majority of Ukrainian shares was traded in the red zone, within no growth opportunities and weak liquidity.
In the USA and EU no substantial macro-economical news were published. As a result, after recent races, bearish moods began to prevail on the stock markets.
American and European stock indices showed different dynamics. There was positive external background on the opening.
By Alexey Sidorov, analyst of IFG CAPITAL, EUR-USD currency exchange and Brent oil price are increasing, despite the information of possible rate increase by People’s Bank of China and Portugal credit rating decrease by Moody’s rating agency. So the adventurous mood is being kept.
International rating agency Moody’s Investors Service decreased the long-term rating of Portuguese governmental securities from Baa1 to trash level – Ba2.
The forecast on rating is negative.
The EU will publish following statistics today:
12:00 Euro-zone GDP
13:00 Industrial orders of Germany
Asian stock indices are traded in different directions. Chinese SSEC dropped by 0,76% within the threat of the next tightening of the money-credit policy by the People’s Bank.
The interbank rates are growing the second day after another.
Japanese Nikkei, Korean KOSPI increased by 1,10%, 0,44% 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 formed the sign to sell. The trend is lateral.
On the quarter timeframe the price is placed below the Parabolic indicator. Oscillators do not give the univocal signs. The trend is descending.
Analytical department of IC IFG CAPITAL tends to think that the situation on the Ukrainian and global markets did not have major changes. In the first half of the day, UXI will try to test the level of 2350 points on the external positive background. The UXI will grow only if it breaks the level of 2350 points or after getting univocal bullish signs from the USA.
