On Tuesday 20.09.2011 domestic stock indices made an unexpected growth despite the European indices failing and unconfident trade start in the USA. Claim of State Property Fund concerning starting prices of Zakhidenergo and Kyivenergo shares was the growing driver. Expectations of privatization start in electric-power industry are the strong driver to shares purchasing on the Ukrainian market. Nevertheless, trade volume on the UX market of applications was low due to great risks consisted in the speech of the USA FRS Head.
European indices had substantial decrease due to the delay of transferring the next financial aid tranche to Greece.
The USA stock indices significantly increased in losses after announcement the result of the USA FRS meeting. As it was expected, FRS promulgated the plan of purchase the long-term bonds and selling the short-term ones. Besides, FRS announced of additional support measures for mortgage market, which cannot manage to break the crisis line. Now Federal Reserve will be reinvesting incomes from expiring bonds, secured by mortgage to the new mortgage bonds. The key account rate was not changed and is still 0-0,25% annually.
Downgrading of credit ratings of two largest banks Bank of America and Wells Fargo by Moody’s Investors Service became another negative factor.
Today trade will be affected by the news of downgrading of 7 Italian banks ratings by S&P considering the change of country credit rating. Bears are supported by lasting claims of IMF concerning European banks recapitalization.
Greece government approval of additional measures of tight economy will hardly affect shares of European banks today.
EUR-USD exchange rate strives to the new weekly minimum.
Asian indices were pressed by the decision of American government too. Chinese SSEC, Japanese Nikkei decreased by 2,52% and 2,07% respectively.
Russian RTS index showed the avalanching fall on the opening.
Negative external background was formed on the opening
The Futures for UX – UX-12.11. Technical analysis.
On the 4-houred timeframe the price placed below the Parabolic indicator. Oscillators do not give the univocal signs. The trend is bearish.
On the quarter timeframe the price placed above the Parabolic indicator. Stochastic and RSI formed the signs to buy. The trend is bullish.
Analytical department of IC IFG CAPITAL forecasts index and futures decrease by the end of trade session.
