On Tuesday, 08.11.2011, domestic stock indicators showed substantial
growth following Europe. All shares of UX index basket were on the positive
territory. Trade activity increased. By analyst of IC IFG CAPITAL, Alexey
Sidorov, bullish moods are also proved by UX index confident overcome of
resistance level about 1480-1490 points. Optimism is brought to the markets by
meeting of Eurogroup, by expectation of coalitional government in Greece
formation in the nearest time and by political crisis in Italy outcome.
The USA indices showed growth too despite the lowered liquidity caused
by primary placement of bonds.
Among important news it is worth to admit Italian parliament approved the
report of budget performance made by government on the previous year. Another important
piece of news is intention of Silvio Berlusconi to resign because of the split
in ruling coalition. Power consolidation will allow calming down investors to
Italian bonds.
We remind you that profitability on these securities set the new
records.
Share rates will be restrained on the USA stocks by auction on treasury
notes. It is planned to sell 10-year bonds for $24 billion.
Asian indices demonstrate the growing dynamics. Chinese SSEC, Japanese
Nikkei, Korean KOSPI increased by 0,46 %, 1,15 %, 0,23 % respectively. The main positive in China appeared to be from slow down
of price rate of increase. In general, weak macro indicators were ignored.
Consumer price index increased by 0,1% in October, meeting expectations and
against +0,5% previously. In comparison with the previous year, consumer price
index increased by 5,5%, meeting expectations and against +6,1% previously.
Industrial manufacturing in October increased by 13,2% against 13,4% expected
and +13,8% previously. Retailing sales index decreased in October more than
expected. Investments to the realty exceeded expectations of analysts.
Increasing factor also appeared to be the decrease of unemployment level in
South Korea (from 3,2% to 3,1%).
Russian RTS index opened the day on the positive territory.
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 below 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, if index is not fixed
higher than 1500 points in the first half of the day.
IC IFG CAPITAL, LLC
Alexey Sidorov
www.ik.ifgcapital.com.ua
www.ifgcapital.com.ua
