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Analytics and Market news

Wednesday, 7 December 2011

Russian ratings are not under threat. Yet…

IC IFG CAPITAL, Alexey Sidorov

On Tuesday European stock indicators corrected downwards with participation of S&P rating agency, which made the long-term ratings of 15 Euro-region countries doubtful.

Favorable statistics on German manufacturing orders did not show the visible correction to quotations. European authorities reminded of themselves and did not let markets to sink into chaos. It is worth to admit claims of European authorities of possible duplication of aiding peripheral EU countries system resources, and actions of Bank of England on launching the new program of liquidity rendering.

The USA stock indices grew.

The majority of shares of UX index basket were traded in the red zone. Trade activity on the market of applications significantly increased. Shares of Ukrnafta (+3,99%) and of Enakievo Metallurgy Works (+2,83%) looked better than market, with the information of blast-furnace#3 start.

By analyst of IC IFG CAPITAL, Alexey Sidorov, market will play budget approval by Greece’s government for 2012 today. Greece budgeted austerity reforms. Russian inflow of political negative somehow decreased. Fitch Ratings warned of growing political and budget risks in RF due to population dissatisfaction with current regime, but still approved Russian credit rating on “BBB” level with positive outlook.

Asian stock indices show growing dynamics. Chinese SSEC, Japanese Nikkei, Korean KOSPI increased by 0,29 %, 1,71%, 0,87 %  respectively.

EUR-USD exchange rate and Brent oil price grow. Oil quotations are supported by statistics. Oil deposits decreased by 5,035 million barrels during the week, by API information, against -0,578 billion barrels expected, and +3,439 million barrels previously.

Russian RTS index is on the positive territory.

Positive 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. Stochastic, RSI and MACD formed the signs to sell. The trend is bullish.

On the quarter timeframe the price placed below the Parabolic indicator. Oscillators are close to their minimal values. The trend is bearish.

Analytical department of IC IFG CAPITAL forecasts index and futures increase by the results of the trade session.

IC IFG CAPITAL, LLC

Alexey Sidorov

ik.ifgcapital.com.ua
www.ifgcapital.com.ua



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