Domestic stock indicators closed the week with a growth despite negative dominated in Europe and the USA. The majority of shares of UX index basket were traded in the green zone. Trade activity dropped.
Sentiments on European stocks were determined by the decrease of German manufacturing activity in September and disappointment caused by the results of G20 summit. European indices suffered great losses.
The USA quotations majorly decreased, affected by different statistics.
Today the dynamics of stock assets will be affected by following news:
ECB considers the option of Italian bonds purchase termination if analysts will face the conclusion that country is not able to acquit the taken obligations and perform structural reforms. Herewith, political crisis aggravation may pay attention to Italian debt problems. Silvio Berlusconi, the Prime Minister, lost trust of the majority of electorate, though he is still refusing to resign. We consider focusing on Italian debt problems as a bearish factor.
Bears are supported by claim of German central bank of unwillingness to finance EFSF and claim of Angela Merkel that Europe will need not less than 10 years to recreate the financial system and step out of current debt crisis.
Following statistics will be published today:
12:00 Retailing sales in Euro-zone.
Asian indices decrease. Chinese CSI300, Japanese Nikkei, Korean KOSPI lost by 0,87 %, 0,39 %, 0,48 % respectively. Quotations are pressed by disappointing data of Chinese business activity. By the information of Chinese federation of procurement and logistics in non-manufacturing sphere, the index decreased to 57,7 points in October from 59,3 points in September.
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 above the Parabolic indicator. Oscillators do not give the univocal signs. The trend is lateral.
On the quarter timeframe the price placed below the Parabolic indicator. MACD keeps the sign to sell. The trend is bearish.
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
