On Tuesday, 22.11.2011, an attempt of upward leap happened on global markets after the great fall before. But there was no full-fledged growth due to situation worsening on the global markets and weak data on the USA GDP. The majority of UX basket shares were traded in the green zone. Trade activity dropped on the market of applications.
By analyst of IC IFG CAPITAL, Alexey Sidorov, optimism could be brought to European markets by news from the meeting of European Commission. A bill on common Euro-bonds emission is being discussed. Germany is against this idea. Though, accordingly to last claims of Angela Merkel, her position slightly softened. Successful realization of this project could have decreased the equity for countries which suffer from debt problems.
Among internal news we admit the improvement of manufacturing indicators of Stakhanov wagon works. Enterprise increased the manufacturing of all-purpose semi-wagons by 103% during 10 months of 2011, against the same period previous year.
The decrease of Chinese business activity index in HSBC industry became the negative news. This figure totaled 48,0 points in November, against 51,0 points previously.
Following substantial statistics will be published today:
- 10:30 German manufacturing activity index
- 11:00 Euro-region manufacturing activity index
- 12:00 New manufacturing orders in Euro-region
- 15:30 Orders for durables (the USA)
- 15:30 Index of private expenses (the USA)
- 15:30 Private expenses (the USA)
- 15:30 Unemployment applications (the USA)
- 16:55 Michigan university consumer sentiment index (the USA)
Asian stock indices decrease. Chinese SSEC, Korean KOSPI lost by 0,73 % and 2,36 % respectively.
EUR-USD exchange rate and Brent oil price strived downwards.
Russian RTS index opened the day with a drop.
Negative 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 are in zone of reselling. MACD keeps the sign to buy. The trend is bearish.
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 claims that technically the most likely is decrease of Futures and Index, but European Commission meeting and the big macro-economical information block are able to support bears. We expect good statistics from the USA and forecast growth.
IC IFG CAPITAL, LLC
Alexey Sidorov
www.ik.ifgcapital.com.ua
www.ifgcapital.com.ua
