On Thursday 06.10.2011 domestic stock indices stopped close to their local minimums. In the first half of the day there were active purchases affected by European optimism. But worsening of news background on EU and bearish signs from the USA forwarded quotations to the negative territory. The main negative was brought by weak statistics on manufacturing orders from Germany and comments of ECB chairman concerning risk growth for euro-zone economy.
EU and Great Britain banking regulators announced of launching of bond purchase program by Bank of England and ECB, which appeared to be very supportive to the markets.
Bank of England increased volumes of assets purchase program by 75 billion pounds – to 275 billion pounds (about $440 billion). ECB starts the program, of bonds purchase, with the total volume of 40 billion euro and will carry out two long-term operations on banks refinancing: rendering credits termed 12 months in October and termed 13 months in November.
As a result European stock indices showed a substantial growth.
The USA stock indices increased, affected by favorable statistics from labor market.
By analyst of IC IFG CAPITAL Alexey Sidorov, support of Netherland’s Parliament of bill on volume increase and authority enlargement of EFSF was positive news too.
Following important statistics will be published today:
15:00 Average hourly wages (the USA)
15:30 Correction in quantity of occupied in non-agricultural sphere (the USA)
15:30 Unemployment (the USA)
15:30 Average duration of working week (the USA)
Asian indices are in the green zone. Japanese Nikkei and Korean KOSPI increased by 0,98% and 2,89% respectively.
Russian RTS opened the day in green zone.
Positive 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. Stochastic and RSI are in the zone of reselling. The trend is bearish.
On the quarter timeframe the price placed below the Parabolic indicator. Oscillators are close to their minimal values. The trend is bearish.
Analytical department of IC IFG CAPITAL forecasts Futures and Index decrease by the end of trade session. Friday factor prevents investors from purchasing. Our expectations concerning statistics from the USA labor market are neutrally-negative.
