On Thursday 03.11.2011 domestic stock indicators leaped from local
resisting levels and showed the confident growth in the beginning of the trade.
Trade activity substantially grew. The majority of shares of UX index basket
were traded in the green zone. Investors took positively the attenuation of
tension around Greece and intermediate results of G20 summit. By analyst of IC
IFG CAPITAL, Alexey Sidorov, existing informational reasons to fall are majorly
played now, that is why players search for positive only in news. Downgrading
of basic interest rate by 0,25% made by ECB became one of such reasons, and did
not surprise the majority of analysts.
European indices showed increasing motions.
The USA quotations were also increasing, affected by positive
information from the labor market.
Among important news it is worth to admit speech of RF President that
Russia with BRIKS countries will provide help to Europe. PIIGS countries keep
sending bad news, which are still unnoticed. Spain published labor data
yesterday. Quantity of citizens who made unemployment applications increased by
134 thousands in October and reached 4,4 million people. This indicator
increased by 3,2% by month. Spanish government announced that unemployment
level reaches 21,5% in total. Profitability on Greece’s obligations reached
104,08%, demonstrating the great growth in comparison with yesterday closing at
level of 92,98%. Judging by the auction, market participants are putting for write-off
for bigger sums but 50% of debt.
AIG American corporation increased its loss per share to $2,16 against
$0,27 expected.
Possibility of soon hryvnia devaluation increases. IMF mission left
Ukraine ahead of schedule, due to unwillingness of authorities to perform the
demanded measures of credit rendering conditions, which were agreed before. We
remind you, that IMF credit was needed in particular to support the rate of
national currency which was significantly pressed recent months.
Following substantial statistics will be published today:
- 13:00 Manufacturing orders in Germany
- 14:30 Average hourly wages (the USA)
- 14:30 Labor changes in non-agricultural sector (the USA)
- 14:30 Unemployment index
(the USA)
Asian indices demonstrate growth. Chinese SSEC, Japanese Nikkei, Korean
KOSPI increased by 0,81 %, 1,86 %, 3,13% respectively.
EUR-USD exchange rate and Brent oil price do not give
the univocal signs.
Positive but unstable external background was formed
at 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 keep the signs to buy. The trend is lateral.
On the quarter timeframe the price placed below the Parabolic indicator.
Oscillators give the signs to sell. 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
on the positive territory in the 1st half of the day.
IC IFG CAPITAL, LLC
Alexey Sidorov
www.ik.ifgcapital.com.ua
www.ifgcapital.com.ua
