Domestic stock
indicators opened the day with high-volatility trades within the lateral trend.
Trade activity slightly decreased. The majority of shares of UX index basket
were traded in the green zone.
Pressure to the
quotations was rendered by political tension in Italy and weak retailing sales
statistics in Euro-zone in September. Temporary settlement of Greece situation
promoted the growth of share rates, it helps this country to receive help from
EU and avoid the uncontrolled default.
As a result,
European indices showed drop.
The USA indices
stepped into positive territory in the second part of trade session.
By analyst of
IC IFG CAPITAL, Alexey Sidorov, the dominant influence to the global share
quotations will be made by political news from Europe. It is worth to notice
the voting in Italian parliament on budget planning. Probable split in ruling
coalition will cause the new wave of sales on European markets. Bears will be
supported by the information that S&P agency downgraded Spanish long-term
rating from AA- to AA.
Auction on
governmental bonds placement will become the downgrading factor for shares. 3-year
bonds are planned to be placed for $32 billion. Corporate climate is still
positive. More than 70% of reported companies appeared to close better than
expected by analysts. On average, the net profit in index components of wide
market increased by almost 17%, and corporate income increased by 11% against
the same period previous year.
Asian indices
demonstrate decrease. Chinese SSEC, Japanese Nikkei, Korean KOSPI lost by 0,24 %, 1,27 %, 0,83
%
respectively.
Positive
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 bullish.
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
