On Thursday, 24.11.11 domestic
stock market successfully resisted external negative. European indices stepped
into the red zone, affected by the information of Portugal credit rating
decrease and claim of German Chancellor of non-admission the idea of
Euro-region bonds. The majority of shares of UX index basket were traded in the
green zone. Trade activity on the market of applications slightly increased.
There was a record high spread index – the nearest futures reached 73,17
points.
Serious news on Euro-region is
absent today. Politicians drew the next range of declarations. Accordingly to
the claim of Nicolas Sarcozy, changes of European convention from France and
Germany will be published before the EU summit on December 9, 2011. Meanwhile,
debt crisis is spread out of limits of Euro-region. Moody's Investors Service downgraded the sovereign credit
rating of Hungary by 1 step – from Baa3 to Ba1 with a negative outlook.
Bearish moods in the USA are
forced with threats of price fall for EU bonds to break the financial stability
of American banks. Credit default swaps for Bank of America increased to 495
points, which significantly exceeded the previous maximum.
Asian stock indices decrease.
Chinese SSEC, Japanese Nikkei, Korean KOSPI lost by 0,72 %, 0,06 %, 1,04% respectively.
EUR-USD exchange rate and Brent
oil price demonstrate fall.
Russian RTS index opened the day
on the negative territory.
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 below the Parabolic indicator. Oscillators are in zone of reselling.
MACD keeps the sign to sell. The trend is bearish.
On the quarter timeframe the
price placed below the Parabolic indicator. MACD formed the sign to sell. The
trend is bearish.
Analytical department
of IC IFG CAPITAL estimates the today market situation as neutral. The majority
of UX index basket securities are in the zone of consolidation between the
strong level, and drivers of strong movements will likely not be seen today.
There are no substantial events planned, the USA activity is decreased because
of reduced working day.
IC IFG CAPITAL, LLC
Alexey Sidorov
ik.ifgcapital.com.ua
www.ifgcapital.com.ua
