On Wednesday, 20.10.11 we could see quotations moving in different directions on the domestic stocks. European and American stock indices could not determine directions to move too. Mass media’s message of latest breaking agreement between France and Germany became the growth driver. It was about EFSF enlargement from EUR 440 billion to EUR 2 trillion and finishing of banking capitalization in the region. Information was refuted later, which caused the well-formed correction.
Despite the outlook credit rating downgrading of Ukraine and a range of large banks, UX index leaped from the local minimum and closed the day on the positive territory due to favorable corporate reports and information from the USA of housing constructions.
The majority of shares of UX index basket were traded in the green zone. Low trade volume dominates on the UX market of applications.
The USA indices showed confident growth at the end of trade session, within the worsening of expectations concerning quick approach of agreements with EU in debt struggling issue.
The President of France claimed that elaboration of plans on overcoming the debt crisis clogged, because Paris and Berlin cannot find the agreement concerning EFSF enlargement.
By analyst of IC IFG CAPITAL, Alexey Sidorov, this news will become the main present for bears today. Players will also expect some news from Frankfurt, where negotiations of France and Germany are held.
Report of American Express may raise quotations. The net profit of the company totaled $3,743 billion by the results of 9 months 2011, which is 25% higher than in the same period previous year. Income reached $22,220 billion which is 9% higher than the result of previous year. The net profit per share exceeded forecasted value.
Following substantial statistics will be published today:
15:30 Unemployment applications (the USA)
17:00 Sales on the secondary housing market (the USA)
17:00 Manufacturing activity index of Philadelphia FRS (the USA)
Asian indices demonstrate the descending motions. Chinese SSEC, Japanese Nikkei, Korean KOSPI lost by 2,38 %, 1,03 %, 2,74% respectively. Increase of net investments of non-residents to Japanese shares was left unnoticed. This figure increased in previous week by JPY 86,2 billion, previous change was JPY -59,0 billion.
EUR-USD exchange rate and oil prices keep the yesterday’s South direction.
Russian RTS index opened the day with substantial losses.
Negative external background was formed on the opening.
The Futures for UX – UX-12.11. Technical analysis.
On the 4-houred timeframe the price stays below the Parabolic indicator. Stochastic and RSI are in the zone of reselling. The trend is bearish.
On the quarter timeframe the price placed broke the line of Parabolic indicator from bottom. Oscillators formed the sign to buy. The trend is lateral.
Analytical department of IC IFG CAPITAL forecasts Futures and Index decrease by the end of trade session.
IC IFG CAPITAL, LLC
Alexey Sidorov
www.ik.ifgcapital.com.ua
www.ifgcapital.com.ua
