Ukrainian stock indices opened the week with a decrease under the pressure of risk-avoiding moods in the USA and Europe. Bearish moods keep coming from the Euro-zone debt markets. Bond prices of the next candidates to obtain financial aid decrease. Profitability on the 10-year securities of Spain reached 6%, of Italy – 5,5%. As a result, European and American indices showed the substantial drop. The season of corporative reports started majorly neutral.
The largest aluminum producer in the USA, Alcoa, published the report of the 2nd quarter. The net profit reached 28 cent per 1 share in comparison with 13 cent per share a year ago. Except for the several positions, profit reaches 32% per share, lower than expected by analysts – 34% per share. During the period company sales increased by 27% to USD 6,59 billion, versus expected USD 6,31 billion.
Among the substantial statistics, we will see the information on the USA trade balance published today by 15:30.
There is a quotation decrease on the Asian markets. Chinese SSEC, Japanese Nikkei, Korean KOSPI decreased by 1,49 %, 1,43 %, 2,20 % respectively. The growth of activity index in the service sphere of Japan exceeded expectations, though it could not affect the trade within the overall negative. Chinese news is negative. The Head of Governmental Council of Chinese People’s Republic Wen Jiabao alluded that the monetary politics tightening will last within the increase of consumer prices.
Russian RTS index started the day in red zone due to decrease of oil prices.
By Alexey Sidorov, analyst of IFG CAPITAL, debt troubles of the EU continue negatively affect the stock markets, including Ukrainian one. There was negative external background on the opening.
Among the positive news we should mention the volume increase of assets, deposited on the UX trade. Assets volume, previously reserved by the All Ukrainian Securities Depository (AUSD) to cover the securities agreements on the UX, reached UAH 192 million, which is 2,1% more than the previous week.
The Futures for UX Index 6.11. Technical analysis.
On the 4-houred timeframe the price is placed below the Parabolic indicator. Stochastic keeps the sign to sell. The trend is lateral.
On the quarter timeframe the price is placed below the Parabolic indicator, but clkose to brake the indicator. Linear MACD formed the sign to buy. The trend is bearish.
Analytical Department of IC IFG CAPITAL forecasts Index and Futures decrease by the results of trading session.
