European stock indicators showed
growing dynamics in the beginning of the week, expecting for the determining EU
summit despite meeting of French and German heads did not find any alternative
resolution of debt crisis. Favorable statistics on retail sales and German
position mitigation about the temporary mechanism of Euro-region rescue were
growing drivers.
The majority of UX index basket
shares closed the day on the positive territory.
Trade activity on the market of
applications decreased in about two times. By analyst of IC IFG CAPITAL Alexey
Sidorov, shares of Enakievo metallurgy works were better than market (+6,51%) –
within the expectations of manufacturing powers implementation. Blast-furnace
#3 start on December 6 is planned.
The USA share quotations were
growing on European indices too. Claims of S&P representatives lead to in-day
correction, but bulls held the positions. Rating agency moved long-term credit
ratings of 15 Euro-region countries to reconsideration. Germany, France, Italy
and Spain are among them.
Belgium government formation
after long political crisis is positive news, which may weaken the pressure on
the sovereign bonds, prices of which suffered losses recent time.
Bears may be supported by the
claim of experts of European Political Center that Greece, Portugal and Italy
will doubtfully pay external debts. Analysts state the empowering of trends of
competitive ability and capital outflow in these countries.
Following statistics will be
published today:
12:00 Euro-region GDP
13:00 German manufacturing orders
Asian stock indices
decrease. Chinese SSEC, Japanese Nikkei, Korean KOSPI lost 0,31 %, 1,39%, 1,04 % respectively. GDP favorable data could not provide the visible support to
Korean shares. GDP grew by 0,8% in the third quarter, against +0,7% previously.
EUR-USD exchange rate
and Brent oil price decrease.
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 close to their maximal
values. The trend is bullish.
On the quarter timeframe the
price placed above the Parabolic indicator. Stochastic, RSI and MACD formed the
signs to purchase. The trend is bullish.
The quotations will be affected
by different factors today. S&P’s actions will have the short-term
influence to stock assets, because markets are highly manipulative at the
moment and the next air castles of European politicians and claims of
regulators may renew share growth. Investors expect news from ECB on Thursday
and information from EU summit on Friday. ECB should specify its position
concerning bonds purchase of problem countries and Euro-bonds emission. Markets
expect announcements of quantity mitigation rounds from European monetary
authorities. Herewith, Mario Draghi may depress the repeated accountable rate
in Euro-region, which was already decreased by 0.25% in November.
At the second hand, the
short-term downgrading correction technically matured, there are only few days
before summit, and growth temp was really high.
Analytical department
of IC IFG CAPITAL forecasts index and futures decrease by the results of the
trade session.
IC IFG CAPITAL, LLC
Alexey Sidorov
ik.ifgcapital.com.ua
www.ifgcapital.com.ua
