Domestic stock indicators closed the week with an upward leap, affected by optimism splash on the European markets. By analyst of IC IFG CAPITAL Alexey Sidorov, growth was majorly caused by hopes for tension decrease on the debt market, which happened in the result of ECB kept with its practice of problem countries’ debts purchase. An illusive positive was caused by expectations of situation improvement of Greece and Italy after more professional managers came to rule. Herewith, Italy’s Senate approved the package of measures on budget consolidation.
The majority of shares of UX index basket closed the day on the positive territory. Trade volume on the market of applications increased.
Bulls received support from the USA too, where positive consumer trust statistics was published.
Italian political drama came to its termination. President of Italy, Giorgio Napolitano appointed the famous economist, ex-member of European Commission, Mario Monti as the new Prime-Minister of the country. We estimate this fact as shortly positive for markets. Positive is also rendered by the final decision made by Parliament concerning anti-crisis measures taking. Placement of 5-year bonds of Italy for EUR6,1 billion was planned for today. Investors expect ECB to continue purchase and not let the profitability to drop lower than 7%.
Among internal drivers - we should admit the information of Motor Sich company and Russian Helicopters holding signed the 5-year agreement for more than 1 billion dollars.
Following substantial statistics will be published today:
12:00 Industrial manufacture of Euro-zone.
Asian indices show growth. Chinese SSEC, Japanese Nikkei, Korean KOSPI increased by 1,70 %, 1,05 %, 2,11 % respectively. Japanese statistics is majorly positive. GDP in 3rd quarter showed growth by 1,5% which met the expected value. Industrial manufacture drop appeared to be less than expected. Russian RTS index started the day in green zone.
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 line of 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 increase by the end of trade session.
IC IFG CAPITAL, LLC
Alexey Sidorov
www.ik.ifgcapital.com.ua
www.ifgcapital.com.ua
