On Monday native stock indices kept decreasing at low trade volumes. Ukrainian and global players concentrate on default risks and ignore good financial reports of the USA companies.
The situation on the USA market had a slight improvement since the trade close in Ukraine. Idices showed the technical upward leap, decreasing losses.
Probably, investors’ hopes are connected to the reserve plan, proposed by republican Mitch McConnell, with the main point of debt limit raise in 3 steps by elections 2012.
Strong report of IBM is going to affect the trade results today. The net profit of the corporation increased by 8,2% to $3,66 billion or $3 per share in comparison with $3,39 billion or $2,61 a year ago. Except for few articles, the profit of the company reached $3,09 per share, versus $3,2 expected. The income increased by 12% - to $26,7 billion, versus expected $25,4 billion.
Bearish moods rule in Europe on the background of ways of debt crisis resolution. Signs from the currency market and forward market are in favor of quotations decrease on the European markets.
There was negative external background on the trade opening.
Asian stock indices majorly decrease. Chinese SSEC, Japanese Nikkei, Korean KOSPI decreased by 0,66 %, 0,85 %,0,01 % respectively.
Russian RTS index opened the day in red zone.
Following substantial statistics will be published today:
- 12:00 German Index of Economic Sentiment
- 12:00 ZEW Index of Economic Sentiment
- 15:30 Construction Permits (the USA)
- 15:30 New Construction Quantity (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 demonstrate the dynamics close to neutral. The trend is lateral.
On the quarter timeframe the price placed below the Parabolic indicator. Oscillators are situated in the reselling zone. The trend is bearish.
Analytical Department of IC IFG CAPITAL forecasts Index and Futures increase due to local reselling reasons and bullish signs receiving from the USA forward markets.
