The UX index stopped its growth yesterday, leaped from the resistance level of 2350 points. Shares of the index basket were traded differently. Analyst of IC IFG CAPITAL Alexey Sidorov tends to consider this situation as the continuation of middle-term consolidation on the background of uncertainty growth on the USA and European markets.
American and European investors keep paying attention to the claims of rating agencies and financial institutes.
The IMF executive director Christine Lagarde hinted at harder line on Greece. On the meeting with journalists Christine mentioned that “nothing should be taken for granted”.
European indices were situated on the negative territory.
American stock indices slipped to the red zone after FRS Chairman speech. Ben Bernanke claimed the unreadiness to the new measures of quality stimulation. Good financial results of the largest Internet-surfing system Google couldn’t help keeping in green zone. The profit in the 2nd quarter increased by 36% - to $2,51 billion or $7,68 per share in comparison with $1,84 billion or $5,71 a year ago. Income totaled 8,74$ per share versus expected $7,85 per share. Sales increased to $6,92 billion. Analysts expected $6,57 billion.
The quotations could be affected today by the announcement of S&P international rating agency concerning the fact that the USA is in risk of losing AAA rating during the next three months, even if Congressmen make an agreement of the governmental debt increase.
Considering the situation worsening on the USA market the external background on the Ukrainian market opening is estimated as negative.
Today will be published following substantial statistics:
15:30 Consumer price index of the USA
15:30 Empire State Manufacturing Index
16:15 Industrial Manufacture
16:55 University of Michigan Consumer Sentiment Index
Asian stock indices demonstrate growing dynamics. Chinese SSEC, Japanese Nikkei, Korean KOSPI increased by 0,12 %, 0,39 %, 0,71 % respectively.
Russian RTS index opened the day in red zone.
The Futures for UX Index 6.11. Technical analysis.
On the 4-houred timeframe the price is placed above the Parabolic indicator. Oscillators demonstrate the dynamics close to neutral. The trend is lateral.
On the quarter timeframe the price placed above the Parabolic indicator. Stochastic formed the sign to buy. The trend is bullish.
By Alexey Sidorov, Analyst of IC IFG CAPITAL, the possibility of UX index to overcome the barrier of 2350 points is quite unlikely in the end of the week within the absence of substantial improvement from developed markets. From the other hand, the activity of trade activity keeps rather high as for summer period and is a sign of short-term powerful bullish trend that is why quotation decrease apparently will not take place.
Analytical Department of IC IFG CAPITAL forecasts Index and Futures decrease, if Index is fixed on the negative territory in the first half of the day.
