The calm in the world markets of actions will last till the end of SeptemberAugust has presented to investors and participants of the markets unpleasant enough surprise: the Chinese stock market has strongly fallen. However to panic yet does not cost, after all August - month of holidays. And before to sound alarm, it is necessary to pay attention to volumes of the auctions - and they it is insignificant are small, transfers Reuters.
According to experts, now it is not necessary to build any hypotheses as the majority of investors will return on the market not earlier than autumn. Try to find now in Europe the expert in strategy, an analyst or the trader - practically everywhere you will come across an answering machine which will advise to you to call back in the autumn, the remained participants of the market sneer.
certainly, absence in the market of participants should affect volumes of the auctions. “ usually during a season of holidays of stock quote do not contain almost any information from - for very small quantities of traders “ - the professor London Cass Business School tells Andrew Kler.
it is difficult to disagree With this statement: for the last some weeks volumes of the auctions in world stock markets were really reduced in times. For example, the volume of the auctions on Dow Jones was cut almost by half, and the volume of the auctions on Nasdaq makes only 73 % from a mid-annual indicator. Affairs and at the European stock exchanges similarly are: the volume of auctions FTSEurofirst 300 was reduced to 31 %, and volumes at the Shanghai stock exchange (which summary index has failed for the last some weeks on 18 %) were reduced even more than to 50 %.
it is natural, at so low volumes of the auctions any purchase or sale can lift or obvalit quotations. “ when I talk to traders, I always advise to them to pay attention to volumes of the auctions. At the moment they are lowest “ - expert Calyon of Simon Smollett speaks.
Experts advise not to do hasty conclusions and to wait till September: only then the further dynamics of world stock markets becomes clear. At this Andrew Kler from Cass Business School advises to wait the end of September. “ in an early autumn volumes of the auctions all the same will be the lowest. I think, it is better to wait end of September. Only then it will be possible to draw any conclusions and to try to guess the further dynamics of the markets “ - has concluded E.Kler.