On Wednesday 02.11.2011 the majority of liquid shares of domestic issuers showed an upward leap affected by improvement of sentiments on global stocks. Investors hoped for the speech of the USA FRS Head and G20 summit. Greece referendum concerning European aid rendering did not seem to be the performed action.
All shares of UX index basket were traded on the positive territory. Trade volume on the market of applications decreased.
American indices were on the positive territory. By analyst of IC IFG CAPITAL, Alexey Sidorov, investors took the different information from FRS positively. From one hand, Bernanke claimed that the new round of mortgage notes purchase may occur, if economic situation allows. From the other hand, the USA FRS gave more optimistic outlook for restoration of country’s economy after crisis. Inflation, GDP and unemployment outlooks worsened for 2011. As expected, the objecting diapason of basic interest rate is kept from 0 to 0,25% annually.
Nine from ten FOMC members voted for keeping the money-credit policy unchanged, which is a negative factor for markets.
Today German and French Heads admonished Greece’s authorities that the country will not get any cent if it is not determined whether to stay in Euro-zone or not to stay. This claim witnesses that referendum will definitely take place the nearest months. It means that tension will continue on the global markets. Profitability of Italian 10-year bonds is 6,18% now and spread to German securities is close to record.
Following substantial statistics will be published today:
- 14:30 Labor productivity in non-agricultural sphere (the USA)
- 14:30 Unemployment applications (the USA)
- 14:30 Workforce worth (the USA)
- 16:00 Business activity index in the sphere of services (the USA)
Asian indices demonstrate the different dynamics. Chinese SSEC increased by 0,16%. Korean KOSPI lost 1,48%.
EUR-USD exchange rate and Brent oil price suffer losses.
Russian RTS index opened the day with a fall.
Negative 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 formed the signs to buy. The trend is lateral.
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.
IC IFG CAPITAL, LLC
Alexey Sidorov
www.ik.ifgcapital.com.ua
www.ifgcapital.com.ua
