On Wednesday September 28, 2011 domestic stock indices did not manage to elaborate the common dynamics. The majority of shares of UX index basket were traded in red zone. Trade volume on the market of application significantly dropped. Impulse received from activation of negotiations concerning ways of struggle with the debt crisis exhausted itself. Political decisions of leading Euro-zone players are needed; they are expected in the nearest future. European indices suffered losses too.The USA investors decided to fix their profits after 3 days of growing and before the publication of important statistics on Friday. Various data on orders for durables did not provide substantial support to the quotations. Share rates were majorly decreasing.Among positive news we should admit the approval of directives package by Europarliament. This package will allow Euro Committee to fine countries with excessive deficit and debt.
By analyst of IC IFG CAPITAL Alexey Sidorov, the pressure on the quotations will affect Fitch Ratings agency to downgrade of long-term default rating of Slovenia issuer in foreign and local currency from AA to AA with a negative forecast.EUR-USD exchange rate and oil price pointed upwards after yesterday drop.Important macro information will be published today.10:55 Unemployment in Germany15:30 Unemployment applications15:30 GDP price index15:30 GDP17:00 Unfinished housing salesAsian indices demonstrate motions in different directions. Chinese SSEC lost 0.76%. Japanese Nikkei, Korean KOSPI increased by 0,99 %, 2,68 % respectively. Weak statistics on retailing sales in August did not prevent Japan from growth. This figure decreased by 2,6% against expected -0,8%.Russian RTS index opened the day in red zone.Neutral external background was formed on the opening.
The Futures for UX – UX-12.11. Technical analysis.
On the 4-houred timeframe the price placed above the Parabolic indicator. Oscillators do not give the univocal signs. The trend is weakly bearish.On the quarter timeframe the price placed above the Parabolic indicator. Stochastic formed the sign to sell. The trend is lateral.
Analytical department of IC IFG CAPITAL forecasts index and futures decrease by the end of trade session if index isn’t fixed higher than 1400 points level in the first half of the day.
