Ukrainian stock market opened the week with a decrease affected by Greece default rerun. UX index has stepped to the positive territory despite the external negative, which speaks for reaction weakening of domestic players to European debt problems. Recent time meetings of functionaries which are more or less important are considered as a reason for growth. And modest expectations of these summits lead to quotations failing. On Monday investors of European stocks played the results of EU Ministers of Finance Summit.
Within the lack of statistics American investors were affected by European problems too. The USA indices showed the substantial fall after opening. All the attention was compelled to the conference, where Greece replied to the creditors. Investors tend to think that Greece will announce itself as insolvent and the possibility of default in the nearest 5 years is more than 90%. However, when it was obvious that parties of the conference are close to make a deal, shares restored the part of losses.
Let us characterize the news to make a substantial influence to trade today.
Standard and Poor's (S&P) international rating agency changed the sovereign credit rating of Italy by 1 step – from A+ to A, forecast on rating is “negative”.
The event will make the long-term effect to the European stock indices.
Investors also keep watching the Greece teleconference and “three” credits. By the results of a meeting, creditors should decide whether to provide the next tranche to Greece.
EUR-USD exchange rate is consolidating close to minimum reached yesterday.
Asian stock indices show different directions. Chinese SSEC, Korean KOSPI increased by 0,06%, 0,93%. Japanese Nikkei lost 1,61%.
Russian RTS index opened the day with a growth.
Negative external background was formed on the opening.
The Futures for UX – UX-12.11. Technical analysis.
On the 4-houred timeframe the price placed above the Parabolic indicator. Oscillators do not give the univocal signs. The trend is bearish.
On the quarter timeframe the price placed above the Parabolic indicator. Stochastic and RSI are close to their maximum values. The trend is lateral.
Analytical department of IC IFG CAPITAL forecasts index and futures decrease by the end of trade session.
