Domestic stock indicators opened the week moving in different directions. UX index lost all attainments of trade start and stepped into the red zone. Pressure to the quotations was made by yield surging of Italian and Spanish bonds.
Stock indicators of the USA and Europe significantly dropped.
Shares of UX index basket showed the different dynamics. Trade volume on the market of applications slightly dropped.
By analyst of IC IFG CAPITAL Alexey Sidorov, correction continuation is possible in the South Europe. Tension on global markets will be supported by expected placement of Spanish bonds on the next week. It is also worth to admit the downgrading of budget deficit forecast of Greece from 7% to 9% GDP by Prime Minister. We recommend you to pay attention to the information of Italy’s GDP and trading balance statistics (published on 11:00).
Bulls will be supported by positive data on French and German GDP.
French GDP by preliminary information increased by 0,4% in the 3rd quarter, against +0,3% expected and 0% previously. German GSP by preliminary information increased by 0,5% in the 3rd quarter, against +0,5% expected and +0,1% previously. In comparison with the previous year, preliminary GDP increased by 2,5% against +2,5% expected and +2,8% previously in annual estimation.
Following substantial statistics will be published today:
- 9:45 Changes in labor statistics of non-agricultural sector in France
- 12:00 Euro-region GDP
- 12:00 Index of German economical sentiments
- 12:00 ZEW Index of economical sentiments
- 15:30 Consumer price index (the USA)
- 15:30 Retail sales index (the USA)
- 15:30 Retail sales (the USA)
- 15:30 Manufacturing activity index NY Empire State (the USA).
Asian indices move in different directions. Chinese SSEC increased by 0,04%. Japanese Nikkei and Korean KOSPI lost by 0.72% and 0.88% respectively.
Negative external background was formed on the opening.
EUR-USD exchange rate and Brent oil price move in different directions.
Russian RTS moves within the lateral trend.
The Futures for UX – UX-12.11. Technical analysis.
On the 4-houred timeframe the price is above the line of Parabolic indicator. Stochastic formed the sign to sell. 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 lateral.
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
