On Tuesday 13.09.11 the majority of liquid shares of domestic issuers made an upward leap after bulls prevail on European stocks. All shares of UX index basket closed the day on the positive territory.
Trade volume on the market of applications made an insignificant change and is close to the middle value of autumn period. There were two reasons for optimism. The first one is the decision of Italian government to sell the significant volume of sovereign debts to governmental investment fund of China – China Investment Corp. There are lots of hopes given to the visit of Euro-commission working group to Athens, objected to help Greece to realize the reforms on economy restoring. We remind you that the situation with bonds of problem countries and situation in European financial sector is still tensed.
As a result, European and American stock indices showed high volatility and substantial growth.
EUR-USD exchange rate pointed down today, which does not let to take yesterday growth as a long-term action.
By analyst of IC IFG CAPITAL Alexey Sidorov, information of an average American family annual income decrease by more than 2% is pessimistic.
Quotations dynamics will be affected today by following statistics:
12:00 Industrial manufacture in Euro-zone.
15:30 Producer Price (the USA).
15:30 Producer Price excluding food and energy carriers (the USA).
15:30 Retailing sales (the USA).
15:30 Retailing sales excluding vehicles (the USA).
Asian indices decrease. Chinese CSI300, Japanese Nikkei, Korean KOSPI dropped by 1,13 %,1,17 %, 3,17 % respectively. Bears positions on the Japanese market are strengthen with weak statistics on industrial manufacturing in July. Accordingly to reconsidered data, the index grew by 0,4 against +0,6 expected.
There was negative external background on the opening.
The Futures for UX – UX-12.11. Technical analysis.
On the 4-houred timeframe the price placed below the Parabolic indicator. Stochastic and RSI give sings to buy. The trend is bearish.
On the quarter timeframe the price placed above the Parabolic indicator. Oscillators are in the zone of reselling. The trend is bullish.
Analytical department of IC IFG CAPITAL forecasts index and futures decrease by the end of trade session.
