On Friday, 09.12.2011 European stock indicators grew within the news connected the debt crisis. Despite the modest results of EU summit, information that CPR central bank plans to invest $300 billion to the markets of the USA and Europe became the reason for growth. We remind you that the main aim of summit on creation the universal budget agreement is not reached. Great Britain, Hungary, Swiss and Czech Republic refused participation in the new block. Herewith, by the opinion of the majority of market participants, presented measures are not quick-realized and sufficient.
American indices grew following Europe. Quotations were supported by the positive information on consumer sentiments in December.
The majority of shares of UX index basket were traded in the red zone. Investors were oriented to the Russian market, which decreased, affected by political pressure. Trade activity on the market of applications dropped.
It is worth to admit the weak Chinese trade balance statistics. Positive balance decreased to B$14,5, expected B$15,4. News of capital need growth for German banks is negative too. By the information of European banking organization, this figure increased from EUR5,2 billion to EUR13,1 billion.
By analyst of IC IFG CAPITAL, Alexey Sidorov, the additional decreasing driver will become auctions on American, Italian and French bonds placement. Italy places papers for EUR7 billion, France – for EUR6,5 billion, the USA – for EUR90 billion.
Asian stock indices move in different dimensions. Chinese SSEC within the information of trade balance lost 1,02%. Japanese Nikkei, Korean KOSPI increased by 1,37%, 1,33% respectively.
EUR-USD exchange rate and Brent oil price decrease.
Russian RTS index opened the day with growth.
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. Signs to sell dominate. The trend is bullish.
On the quarter timeframe the price placed above the Parabolic indicator. Oscillators formed the sign to buy. The trend is bullish.
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
