Early week Ukrainian stock indices went on
renewing annual minimums under the pressure of sales in Europe and the USA. The
peak fall at high trade volumes is a sign that the most likely - bearish moods
will be kept today.
By analyst of IC IFG CAPITAL Alexey Sidorov,
the USA substantially worsened results achieved at the trade closing in
Ukraine. President’s speech could not calm the markets down. Drop quickened
after Standard & Poor's rating agency downgraded from AAA to AA+ the long-term credit ratings
of several American companies, which are important for the USA economy and
their activity directly depends on the situation with the governmental bonds.
The largest American mortgage agencies Fannie
Mae and Freddie Mac suffered inter alia. The agencies were nationalized by the USA
Ministry of Finance in 2008 at the start of the global financial crisis.
European indices also decreased despite the
purchase of Italian and Spanish bonds by the European Central Bank on the
secondary market.
There was negative external background on the
opening.
Asian indices majorly decrease. Japanese
Nikkei, Korean KOSPI dropped by 1,68%, 3,64% respectively. Japan published
positive statistics. Consumer Trust Index reached 37,0 points in July, versus
35,3 points in June.
Chinese market resists negative, despite the
inflation acceleration. Chinese SSEC decreased only by 0,05%. Inflation temp in
July reached their 37-months maximum due to raised prices on the foods.
Consumer price index increased by 6,5% in annual estimation in July. This
figure in June totaled 6,4%.
Russian RTS index suffered great losses.
Today on 15:30 we will see following important
statistics published: manufacturing in non-agricultural sphere in the USA and
expenditure for workforce per production unit.
The
Futures for UX Index 6.11. Technical analysis.
On the 4-houred
timeframe the price placed below the Parabolic indicator. Stochastic and RSI
are at their minimal values. MACD keeps sign to sell. The trend is bearish.
On the quarter
timeframe the price placed below the Parabolic indicator. Oscillators do not
give the univocal signs. The trend is bearish.
Analytical department of IC IFG CAPITAL
forecasts index and futures decrease by the end of trade session.
