On Thursday Ukrainian and European stock indices demonstrated an upward leap from the red zone after the publication of the USA labor market statistics. Ukrainian bulls as distinct from European ones could not force indices to step on the positive territory. By analyst of IC IFG CAPITAL Alexey Sidorov, high volatility and trade volumes point that the middle-term market doesn’t have an adjusted direction. Market moods improved. Growth leaders amongst the liquid shares, who managed to step out of the red zone are Alchevsk Iron and Steel Works (+0,57%), Stirol (+8,5%), Motor Sich (+0,01%).
Europe gives bearish signs. European Securities and Market Authority (ESMA) claimed that France, Italy, Spain and Belgium limit their shorts on exchanges within the background of unsteady market. This event has a negative psychological effect and liquid decrease fear may push the players to the next sales.
France is in the center of attention due to volatility growth on the sovereign debt market and expectations of rating downgrading. Weak GDP information of France may insinuate the doubts in its creditability and force the sales machine.
The GDP did not change in the 2nd quarter (by preliminary estimation) against +0,3% expected in quarter. The previous change was +0,9% per quarter.
There is a substantial growth of shares in all economy branches in the USA.
Good corporate reports support the quotations.
News Corporation, which owns WSJ and Fox TV-channel, has its operational profits increased by 8,9% to #982 million or 35 cents per share within the average forecast of 30 cents per share.
Kohl’s chain of stores increased its forecasts on the annual share profits.
We should also mention that the intention of the USA State Post Service to decrease the 120 thousand of staff, because of poor financial state could also affect the quotations.
Pessimism dominates in Asia. It is supposed to be connected with a new earthquake in Japan and manufacturing activity slowdown. Chinese SSEC increased by 0,67%. Japanese Nikkei, Korean KOSPI dropped by 0,63 %, 0,62 % respectively. Industrial manufacture of Japan increased by 3,8% in June by preliminary information, the previous figure was +3,9%.
Russian RTS index opened the day with growth, but pointed down following oil prices.
The external background on the opening is estimated as negative.
The Futures for UX Index 6.11. Technical analysis.
On the 4-houred timeframe the price is below the Parabolic indicator. Oscillators are close to their minimal values. The trend is bearish.
On the quarter timeframe the price placed above the Parabolic indicator. Stochastic, RSI, MACD keep the signs to purchase. The trend is lateral.
Analytical department of IC IFG CAPITAL forecasts index and futures decrease by the end of trade session.
