20.07.11 sales on the majority of liquid shares were shown on the native market within the absence of forwarded motions of European and the USA indices.
The USA stock indices showed motions in lateral trend and closed the day in the negative territory. The weak data from housing market and budget indifference forwarded quotations downward despite the good corporate reports.
Today quotations will be supported by positive reports of Intel and American Express.
The net profit of the world largest electronic chip producer totaled $2.95 billion or 54 cent per share against $2,89 billion or 51 cent the previous year. Analysts forecasted the profit at the level of 51 cent per share. Sales increased by 21% in this period to historical maximum of $13 billion.
American Express Company announced the quarter income increase by 27%. The net profit from lasting operations increased to $1.3 billion ot $1,07 per share in the 2nd quarter, in comparison with $1,02 billion and $0,84 per share a year ago. Analysts expected the profits to reach 99 cent per share. The income in this period grew by 12% - to $7,62 billion.
The external background on the opening may be estimated as positive. By analyst of IC IFG CAPITAL Alexey Sidorov investors sentiment in Europe improved due to agreement finding between the President of France and FRG Chancellor concerning urgent financial aid to Greece and involvement of private sector of economy to it. The confident growth of EUR-USD exchange rate is an evidence of this matter. Oil price increase is also supporting the increasing motions.
Asian stock indices majorly decrease. Chinese SSEC, Korean KOSPI dropped by 0,86% and 0,46% respectively. Japanese Nikkei managed to stay on positive territory due to positive statistics (+0,04%). Japanese export decreased by 1,6% in June, versus expected -4,1%. The figure in previous month reached -10,3%. Import volumes raised by 9,8% in comparison with 11% expected.
Japan: positive trade balance reached JPY 70,7 billion, against JPY-165,1 billion expected. Business activity index increased more than expected.
Russian RTS index opened the day in green zone.
Following substantial statistics will be published today:
- 10:30 German Purchase Manager Expectation Index.
- 11:00 Industrial Purchase Manager Index of Eurozone.
- 15:30 Unemployment applications (the USA).
- 17:00 FRS Manufacturing Index of Philadelphia.
The Futures for UX Index 6.11. Technical analysis.
On the 4-houred timeframe the price is placed above the Parabolic indicator. Stochastic formed the sign to sell from the reselling zone. The trend is lateral.
On the quarter timeframe the price placed below the Parabolic indicator. Stochastic and RSI are close to their minimal values. The trend is bearish.
Analytical department of IC IFG CAPITAL forecasts Index and Futures growth by the results of trade session if American investors keep optimism.
