On Wednesday native stock indices closed the day in the red zone and showed the high volatility. The UX index followed the motions of Russian RTS. The main driver was in Europe. Eurogroup chairman Jean-Claude Junker announced that all troubleshooting countries of the EU will avoid the default. As well as placement of Italian annual bills, which can hardly pretend to be successful – allowed to win back the majority of morning losses. Realization of this credit may help to save time and calm down the investors.
In the USA and Europe quotations decreased.
The external background on the Ukrainian stock market opening may be characterized as positive.
By Alexey Sidorov, analyst of IFG CAPITAL, the increase of EUR-USD exchange rate is a witness that European debt crisis welcomes the respite. Block of positive statistics from China lifted Asian companies’ prices up.
However, investors’ sentiments may quickly change. Moody’s rating agency decreased the credit rating of Ireland to “junk”, warning about the possibility of second tranche of financial aid to this country. Moody’s kept the negative forecast for Irish rating.
Following substantial statistics will be published today:
12:00 The EU industrial manufacturing
15:30 The USA import prices index
Asian stock indices increase. Chinese SSEC, Japanese Nikkei, Korean KOSPI increased by 1,33 %, 0,38 %, 0,94 % respectively. Chinese industrial manufacture increased in June by 15,1% in annual estimation, versus the previous change +13.3%. Retail sales increased by 17,7% in June, versus 17,0% forecasted and exceeding the temps of the previous month. The information of GDP and construction expenses is neutral. Japanese manufacturing production has shown an increase as well exceeding expectations.
Russian RTS index increase.
The Futures for UX Index 6.11. Technical analysis.
On the 4-houred timeframe the price is placed below the Parabolic indicator. Stochastic formed the sign to purchase. RSI and MACD demonstrate the dynamics close to neutral. The trend is lateral.
On the quarter timeframe the price placed above the Parabolic indicator. Stochastic is close to its minimal value. Oscillators do not give the univocal signs. The trend is bullish.
Analytical Department of IC IFG CAPITAL forecasts Index and Futures increase, if index overcomes the barrier of 2300 points by the results of the first half of trading session.
