On Wednesday, 16.11.2011 domestic
stock indicators moved in different directions within the lateral trend. By
analyst of IC IFG CAPITAL Alexey Sidorov, the market was sensitive to news from
Europe but there was no really important news yesterday. Negative trends on the
EU debt markets were saved. Head of European Commission claimed that financial
crisis un Euro-region obtain the systematic character, which was expected for
the majority of investors. European stock indices majorly decreased.
Bears prevailed in the USA too.
Fears for financial sector destiny because of overseas events were the driver
of drop. Sale peak was seen in the 2nd part of trade session.
Investors’ moods may
be affected today by the information that the question of the USA budget reduce
in Congress came to dead-end. Escalation of budget problems threats with a
repeat of script when Moody’s downgrades credit rating of largest economy.
Bears are also supported by the information that France and Germany cannot find
a compromise about ECB role in struggle the debt crisis. France is for more
active interventions of Central Bank on the market of sovereign debts. Today
large auctions are planned on French and Spanish bonds placement. Yields of
these securities can reach the new local maximums without active purchases of
ECB. Greece does not show great success in budget deficit reduce. This indicator
increased by EUR1 billion – to EUR20,1 bullion during the last month.
Following substantial
statistics will be published today:
11:30 Retail sales in the UK
15:30 Construction permits (the USA)
15:30 New housing constructions (the USA)
15:30 Unemployment applications (the USA)
17:00 Manufacturing activity index of Philadelphia FRS (the USA)
Asian indices show different
dynamics. Chinese SSEC lost 0,16 %. Japanese Nikkei,
Korean KOSPI increased by 0,19 %, 1,11 % respectively.
Russian RTS index does not show
the univocal trend.
There was negative
external background 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 below the Parabolic indicator. There is no sign to buy. The trend
is lateral.
Analytical department
of IC IFG CAPITAL forecasts majorly lateral trend of Index motions before the
trade start in the USA, within the absence of load claims of politicians. We
forecast Index and Futures increase by the results of trade session in case of
bullish signs receiving from the USA.
IC IFG CAPITAL, LLC
Alexey Sidorov
www.ik.ifgcapital.com.ua
www.ifgcapital.com.ua
