Trades on Ukrainian Market did not have any strong trend in the end of
the week, which was characteristically for European stocks too. UX index moved
in lateral trend. Quotations were supported by yesterday decision of ECB and
Bank of England from one hand. From the other hand British banking system was
downgraded by Moody’s agency and there appeared some discordance between
Germany and France concerning bank helping issues.
But in the second half of the day investors reoriented to the labor
statistics from the USA, which allowed UX index to show the substantial growth.
Lateral trend dominated on American stocks as well. Stock indices were
corrected down with coming closer to levels of strong resistance.
By analyst of IC IFG CAPITAL Alexey Sidorov, today the quotations in
Europe will be affected by downgrading of Italian and Spanish credit ratings.
Fitch Ratings international rating agency downgraded the long-term issuer
default rating of Spain in local and foreign currencies from AA+ to AA- and of
Italy from AA- to A+. Herewith, short-term issuer default rating of Spain in
foreign currency is confirmed to be F+ with negative outlook. Italian rating is
downgraded too, from F1+ to F1.
Bears could also be supported by the claim of Greece representative of
IMF that the sum rendered and planned to be rendered by EU and IMF is not
sufficient for Greece.
The most positive news to overbalance all negative ones is information of
reaching the accord in question of finding ways of struggle with debt crisis by
German and French leaders in Berlin.
Important statistics won’t be published today; American trade activity
will be low because of Columbus Day celebration. That is why main attention is
paid to European news.
Asian indices show different dynamics. Chinese SSEC lost 0,51%, Korean
KOSPI increased by 0,38%.
EUR-USD exchange rate pointed upwards.
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, but close to break the indicator. Oscillators do not give
the univocal signs. The trend is bearish.
On the quarter timeframe the price placed above the
Parabolic indicator. Oscillators formed the signs to sell. The trend is bullish.
Analytical department of IC IFG CAPITAL
forecasts Futures and Index increase by the end of trade session.
