Domestic stock indices closed the week in the green zone. UX index
renewed its month’s maximum on Friday, but later corrected downwards because of
sentiments worsening on European stocks caused by doubts in credibility and
efficiency of agreements reached on the last EU summit.
The majority of UX index basket shares were traded in the positive
territory.
Trade volumes on the market of applications increased. By analyst of IC
IFG CAPITAL Alexey Sidorov, price and volume dynamics spoke for bullish moods
domination despite the great growth before and Friday factor.
Pessimism prevailed on the European stocks. Only German DAX showed
growth (+0,13%). The USA indices majorly showed the slight growth affected by
favorable corporate reports and different statistics. We remind you, that
investors were disappointed by the basic price index of private expenses and
workforce value index.
Following substantial statistics will be published today:
11:00 Consumer
price index (euro-zone)
11:00 Unemployment
index (euro-zone)
14:45 Business
activity index of Chicago management association (the USA)
Asian indices give up their positions. Chinese SSEC,
Japanese Nikkei, Korean KOSPI lost by 0,21 %,
0,69 %, 1,06 % respectively. Korean index could not resist the regional
trend despite the good data on industrial manufacture. This index increased by
1,1% in September against +0,2% expected and -1,9% previously.
In comparison with the previous year, industrial
manufacture increased by 6,8%, against +4,7% expected and +4,8% expected.
Japanese statistics is also positive. Business
activity index in industrial sphere totaled 50,6 points in October, against
49,3 points previously.
EUR-USD exchange rate and Brent oil price show
decrease.
Russian RTS index opened the day on the negative
territory.
Negative external background was formed on the
opening. There is a high chance of correction in Europe. Discussions of details
concerning realization of measures of debt crisis struggle and claims of rating
agencies of intentions to announce the default of Greece may become a trigger.
The Futures for UX – UX-12.11. Technical analysis.
On the 4-houred timeframe the price is below the Parabolic indicator. Oscillators
do not give the univocal signs. The
trend is bullish.
On the quarter timeframe the price placed below the Parabolic indicator.
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
