On Thursday 21.10.11 quotations moved in different directions on domestic stocks, with negative dominating in Russia and Europe. UX index showed a slight decrease by the end of the day, and PFTS index stayed in green zone. By analyst of IC IFG CAPITAL Alexey Sidorov, inspiration after changes appeared in EFSF performance were changed with disappointment caused by German government supposes to postpone summit. Decision making process concerning EFSF enlargement clogged and leaders of countries cannot elaborate common decision.
The USA stock indices moved in different directions, but bulls won. Quotations were supported by good corporate reports, positive statistics from labor market and common claim of Nicolas Sarkozy and Angela Merkel that rescue plan will be presented on October 26. Technology sector was worse than market (Nasdaq -0,21 %). EBay published unsatisfying reports on income and profits in the 4th quarter, in comparison with outlooks of analysts.
The majority of shares of UX index basket were traded in red zone, Trade volumes on the market of applications increased. Shares of Motor Sich keep advancing market (+1,74%) within the expectations of good financial results in 3rd quarter. Banking sector is traded worse than market after downgrading of outlook for international credit rating of Ukraine and for range of Ukrainian banks.
Today shares will be affected by no visible progress in debt crisis struggle and next postponing of unpopular measures for future. Euro-zone governments did not manage to elaborate the common decision concerning rendering Greece the new package of financial help sizing EUR 109 million. In summit agenda there is information that the decision will be taken by the end of November. Leaders of France and Germany admitted that there is no reason to think that some important anti-crisis decisions will be taken on summit of October 23, decision-making is postponed for the summit of October 26.
Corporate reports of the USA keep rendering the positive influence to the quotations.
The largest soft producer, Microsoft reported of its profit in the 1st quarter, which finished in September meeting average expectations of Wall Street. Herewith, sales appeared to be higher than it was expected by analysts. The net profit increased by 6,1% - to $5,74 billion or 68 cents per share against $5,41 billion and 62 cents per share a year ago. Sales increased by 7,3% to $17,4 billion, when analysts expected $17,2 billion.
Following substantial statistics will be published today:
11:00 Business Climate Index (Germany)
Asian indices demonstrate different dynamics. Chinese SSEC, Japanese Nikkei lost by 0,30 %, 0,04 % respectively. Korean KOSPI increased by 1, 84%.
EUR-USD exchange rate and oil price keep South directions taken yesterday.
Russian RTS index opened the day with a growth.
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 and RSI are in the zone of reselling. The trend is bearish.
On the quarter timeframe the price placed above 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, if index is not fixed higher than 1290 points level in the first half of the day.
IC IFG CAPITAL, LLC
Alexey Sidorov
www.ik.ifgcapital.com.ua
www.ifgcapital.com.ua
