On Monday 05.09.2011 the majority of liquid
shares of domestic issuers suffered substantial losses. Trade volume on the UX
market of applications increased, though American market, which is the main
indicator for Ukrainian investors, was not active. This fact speaks for bearish trend reinforcement.
Quotations drop on the European stock markets
became the main decreasing driver, caused by the relapse of “default fever”, by
delaying of decision-making concerning the next financial tranche to Greece and
following political problems of donor countries.
It is worth to note the claim of Barak Obama
concerning the attempt to support the issuing of financial assets for repairing
and modernization of roads and bridges and prolongation of terms of federal tax
cuts on wages
Speech of Herman Van Rompuy, permanent Chairman
of European Council, may also support the quotations. In this speech Herman
expressed his firmness in fast finding the decision appropriate to Finland’s
demands concerning guarantees provision for credit transferring to Greece,
confirmed by all countries of Euro-zone. This information may temporarily
destress the debt market.
Asian investors reacted to the European
situation with sales. Chinese SSEC, Japanese Nikkei, Korean KOSPI lost by 0,46
%, 2,21 %, 1,07 % respectively.Temp of growth of Korean GDP exceeded the
expected value by 0,2%, but it could not hold KOSPI in green zone.
Russian RTS index opened the day in the
negative territory.
External background on
the opening may be estimated as negative.
Following substantial statistics will be
published today:
12:00 GDP, Euro-zone
13:00 Industrial orders, Germany
17:00 Non-industrial index of National
Association of Bulk Purchase Management, the USA
The Futures for UX
Index 9.11. Technical analysis.
On the 4-houred timeframe the price
placed below the Parabolic indicator. MACD formed the sign to sell. Stochastic and
RSI are close to their minimal values. The trend is bearish.
On the quarter timeframe the price
placed below the Parabolic indicator. Oscillators are in reselling zone, but do
not give any univocal sign. The trend is bearish.
Analytical
department of IC IFG CAPITAL forecasts index and futures increase by the end of
trade session, if index is fixed higher than 1600 points level in the 1st
half of trade session.
