On Thursday 04.08.2011 the majority of
Ukrainian liquid shares decreased under the pressure of pessimism from the USA
and Europe. The UX index showed a weak technical leap from the resistance level
of 2280 points in the first half of the day, though bulls could not overcome
the trend. The consolidation around the level of 2250 points did not last for
long. Shortly before the trade opening in the USA domestic index stepped into
the free fall motion under the pressure of signs from American stock market.
Trade volume is high as for summer period, it is a sign of strong bearish mood.
Investors understood that melancholy dominates on the Western markets and will
last more than few days, so they hurry to sell assets.
Situation on debt markets became the main
decreasing factor in Europe. Positive industrial orders information from
Germany was unnoticed. The results of Spanish bonds placement are negative, due
to raised price from 4,291% to 4,813% and demand is higher than proposal only
in 2,14 times, against 2,29 times the previous month. Discords in European
Central Bank concerning purchase of bonds of trouble countries are also worth
noticing. Head of Bundesbank disputes such practice. Investors fear that soon
the issue of EFST (European Financial Stability Fund created to provide help to
countries, which faced financial difficulties) volume increase will be
considered.
As a result, EUR-USD exchange rate suffered
great losses, additionally pressing shares of American issuers.
The USA indices closed in a deep minus, due to
negative macro-economical situation and massive escape from the risk assets,
despite the positive data of the primary unemployment applications.
Stock indices dynamics will be affected by the
largest American insurance company AIG. The met profits of AIG totaled $2,109
billion by the result of the 1st half of the year, finished on June
30, 2011. Net loss of the company reached $873 million in the previous year.
Russian RTS rapidly drop.
Pessimism dominates in Asia. Chinese SSEC,
Japanese Nikkei, Korean KOSPI lost by 2,17 %, 3,72 %, 3,70 % respectively.
There was negative external background on the
opening.
The
Futures for UX Index 6.11. Technical analysis.
On the 4-houred
timeframe the price placed below the Parabolic indicator. Oscillators do not
give the univocal signs. The trend is bearish.
On the quarter
timeframe the price placed below the Parabolic indicator. Oscillators are in
the zone of reselling. The trend is bearish.
Analytical department of IC IFG
CAPITAL forecasts index and futures decrease by the end of trade session. Playing American stock indices losses suffered
after trade closing in Ukraine becomes a bright idea today.
