On Wednesday 12.10.11 domestic stock indices repeated upward leap following Europe within the promises that offers on banking system recapitalization in euro-zone will be published soon and within the corporate reports background in the USA improvement.
Trade volume on the UX market of applications is still low. The majority of shares of UX index basket were traded on the positive territory.
The USA published the report of Pepsi Co, which exceeded expectations if investors and lead to indices growth. Investors believed that Slovakia will approve the project of EFSF enlargement despite they drag its ratification.
By analyst of IC IFG CAPITAL Alexey Sidorov, American and European stock indices are in zone of strong resistance with no important reasons to grow.
Following substantial statistics will be published today:
11: 00 Monthly report of ECB
15:30 The USA trading balance
15:30 Unemployment applications (the USA)
Asian indices show descending motions. Chinese SSEC, Japanese Nikkei, Korean KOSPI increased by 0,23 %, 0,90 %, 0,75 % respectively. Trading balance worsened in China, the USA implements trading limits against Chinese goods, but state purchases of banking shares keep supporting the quotation.
Positive trade balance in September reached $14,514 billion, against $16,30 expected, and $17,76 previously.
Russian RTS index started on the negative territory.
Neutral external background was formed on the opening.
The Futures for UX – UX-12.11. Technical analysis.
On the 4-houred timeframe the price is below the Parabolic indicator. Stochastic keeps the sign to purchase. The trend is bearish.
On the quarter timeframe the price placed below the Parabolic indicator. Oscillators do not give the univocal signs. The trend is bullish.
Analytical department of IC IFG CAPITAL forecasts Futures and Index decrease by the end of trade session.
