Ukrainian market closed the week with a renewal of annual minimums under the pressure of activation of discussions concerning Greece default and the new credit ratings downgrading of cycle of European countries and financial institutes. The majority of shares of UX index basket were traded in the red zone. Trade volume on UX market of applications increased again. European indices stepped into “plus” after the substantial drop, affected by the speech of ECB board of directors member, Head of Bank of Asia, that ECB may render credits termed by 12 months to the banks of the region to weaken the tension in credit sphere.The USA stock indices closed the week on the positive territory too.Among internal positive news we should notice the mitigation of tension on the negotiations between Russia and Ukraine of gas questions. Russia abandoned the idea of including Ukraine to the Custom Union and now Russia is ready to negotiate the creation of 3-side gas syndicate with EU on the basis of Ukrainian GTS.EUR-USD exchange rate strives to renew the annual minimum, which can be caused by worsening of expectations on financial sector within the absence of important events on Friday. Furthermore, Minister of Finance of Great Britain, George Osborne, claimed that WB and IMF did not manage to produce the plan in case of Greece default.Investors moods could have been improves by the information from negotiations of IMF Head with Minister of Finance if Greece. By unofficial information, IMF created the plan of redemption for European economy including 50% of Greece sovereign debt, and substantial increase of European Financial Stability Fund (EFSF) which totals now EUR 440 billion, and can reach about 2 trillion. Following substantial statistics will be published today:11:00 German Business Activity Index17:00 Sales of New Buildings (the USA)Asian indices are on the negative territory. Chinese SSEC, Japanese Nikkei, Korean KOSPI lost by 1,52 %, 2,17 %, 2,63 % respectively.Russian RTS index stepped into red zone on the opening.
Negative external background was formed on the opening.
The Futures for UX – UX-12.11. Тechnical analysis.
On the 4-houred timeframe the price placed below the Parabolic indicator. Stochastic formed the sign to purchase. The trend is bearish.On the quarter timeframe the price placed above the Parabolic indicator. Stochastic and RSI 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.
