On Tuesday 09.08.2011 liquid shares of domestic issuers showed an upward leap with the high trade volumes following Russian and European stock indices. The decrease was shown as a result of trade. Investors overcame the shock caused by the USA credit rating decrease and paid attention to the local reselling of shares. Liquid shares of iron and steel works (ALMK, AZST, ENMZ) were better than market, they demonstrated advanced decrease, despite the announcement of FOMC which excluded the information of QE-3. Generally the adherence to the present monetary policy was claimed, meeting expectations.
Today quotations will be supported by the report of the largest entertaining company Walt Disney Co. The net profits of Walt Disney Co. Increased by 11% to $1,476 billion as a result of the 3rd quarter 2009-2010 financial year, finished on July 3. The figure in the same period previous year totaled $1,331 million. Income of the company increased by 7% - to $10,675 billion in the reporting period against $10,002 billion in previous financial year.
European indices showed different dynamics, positive was dominating.
Buyers rule on the Asian markets within the global optimism and strong statistics. Chinese SSEC, Japanese Nikkei, Korean KOSPI increased by 1,21%, 1,05%, 0,27% respectively. The positive balance of the CPR in July 2011 totaled $31,5 billion, increased by 41% in comparison with the previous month ($22,3 billion). In comparison with July 2010 ($17,9 billion) balance raised by 20,4%. Experts expected the figure to be $27,5 billion, within the exports growth by 17,4% and imports by 22,3%. As a result, exports growth totaled 20,4% and imports – 22,9% against the figures of July 2010. Chinese industrial manufacture increased by 14% in July 2011 against July 2010. Unemployment level of South Korea totaled 3,3% in July, against the previous figure of 3,3% and expected 3,4%. Japanese index of activity in service sphere substantially exceeded the experts estimation.
Russian RTS index shows significant “plus”.
The background on the opening is estimated as positive.
The Futures for UX Index 6.11. Technical analysis.
On the 4-houred timeframe the price is close to break the bottom line of Parabolic indicator. Stochastic, RSI and MACD-histogram formed the sign to buy. The trend is bearish.
On the quarter timeframe the price placed above the Parabolic indicator. Oscillators do not give the univocal signs. The trend is lateral.
Analytical department of IC IFG CAPITAL forecasts index and futures increase by the end of trade session, if Index is fixed at the level higher than 1950 points in the first half of the day.
