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Analytics and Market news

Friday, 1 July 2011

People's Bank of China gets ready to blow

IC IFG CAPITAL Alexey Sidorov

Quotations increase on the Ukrainian markets lasted within the confident growth of the USA and European stock indices on Thursday. Today we have majorly positive signs from external markets.

The USA indices significantly exceeded the level reached at the closing of Ukrainian trade. Russian RTS is traded on the positive territory, despite the fact that oil prices stepped into the stage of consolidation and suspended in growth.

European investors in the first hours apparently should continue in winning back the improvement of macro-indicators and mitigation of current debt problems.

Asian indices era traded in the green zone. Chinese SSEC, Japanese Nikkei, Korean KOSPI increased by 0,02%, 0,53%, 1,19% respectively. The news from this region is not ambiguous. The unemployment level in Japan in May 2011 decreased in comparison with the previous month by 0,2% - to 4,5%. In April 2011 the percentage of unemployed people reached 4,7%. The received data exceeded the expectations of analysts, who tended to think that the figure would not change. The business sentiment of leading Japanese manufacturers dropped to -9 points. This is the lowest value since January-March 2010. In the first quarter 2011 the index was 6 points. The People Bank of China will apparently increase the rate in the nearest time, but will probably stop increasing normative on bank reserves. The index of manufacturing activity dropped to 50,9 points, which is the minimal value since February 2009.

Today the stock assets dynamics will be affected by following statistics:

11:00 Industrial Purchasing Management index of Euro-zone

12:00 Unemployment index of Euro-zone

16:55 Michigan University consumer sentiment index (specified)

17:00 National Association of Bulk Purchasing Management index (the USA)

The Futures for UX Index 6.11. Technical analysis.

On the 4-houred timeframe the price is placed above the Parabolic indicator. Oscillators show neutral dynamics. The trend is lateral.

On the quarter timeframe the price placed below the Parabolic indicator. Oscillators are close to their minimal values. The trend is lateral.

We forecast Index and Futures increase by the results of trading session, in case of receiving univocal bullish signs from the USA.

Composed by Analytical Department

IC IFG CAPITAL, LLC

Alexey Sidorov 



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