On Friday, 08.07.2011 the majority of liquid shares of Ukrainian issuers was on the negative territory after the publication of weak data from the USA labor market. Today will be published no substantial macro-indicators, that is why we can forecast that the negative mood stays on the USA market today. The descending dynamics on the USA forward market confirms the prediction.
We should kindly remind you that American stock indices finished the week in the red zone.
Debt problems of the Euro-zone keep pulling down EUR-USD exchange rate and European stock indices. This time Italy appeared to be in the center of public attention. The profitability of Italian 10-year bonds grew on Friday to its maximum level during the last 9 years.
Asian stock indices majorly decrease. Japanese Nikkei, Korean KOSPI decreased by 0,67 %, 1,06 % respectively. Chinese SSEC increased by 0,18% . Investors positively assumed the ambiguous statistics from China. The positive balance of Chinese People’s Republic totaled USD 22,3 billion in June, the figure increased by 41,3% in comparison with the previous month. In comparison with June 2010 – the balance grew by 10,4%. Analysts expected the balance to be USD 16,3 billion. Chinese inflation increased in June to its maximum during last 3 years and totaled 6,4%.
Inflation in May was 5,5%, reaching the maximum figure since July 2008,
Russian RTS index opened the day in the red zone due to oil prices decrease.
By Alexey Sidorov, analyst of IFG CAPITAL, negative expectations concerning the USA quotations dynamics last and investors paying their attention to the next EU debt problems make the negative external background on the Ukrainian stock market opening.
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. Stochastic and RSI are at their minimal values. MACD gives the sign to sell. The trend is bearish.
Analytical Department of IC IFG CAPITAL forecasts Index and Futures decrease by the results of trading session.
