On Tuesday 13.12.2011 European
stock indices moved in different directions after the great fall in the
beginning of the week. Successful Spanish and EFSF bills placement and positive
German economic sentiments statistics became the reasons of optimism. In the
end of trade session, German DAX and French CAC stepped to the negative
territory after the claim of German Chancellor against the increasing the upper
limit of ESM (permanent fund to start operating in 2012) financing. British
FTSE managed to hold in the green zone.
Trades in the USA had the similar
history. Quotations grew in the beginning of the trade despite weak retail
sales statistics. FRS representative speech was not surprising. Ben Bernanke
did not give any present to bulls. After this indices forwarded downwards. We
remind you that the USA FRS kept the basis account rate of 0 – 0.25%. Macro-economic
comments were neutral too.
The majority of shares of UX
index basket were traded in the red zone. Trade activity on the market of
applications stayed at the low level.
By analyst of IC IFG CAPITAL
Alexey Sidorov, the decrease of EUR-UDS exchange rate to the minimal level
since January 2011 may worsen the conditions of EU bonds placement, planned for
today. This way, bond markets may make the unpleasant gift today.
Following substantial statistics
will be published today:
12:00 Industrial manufacturing in Euro-region.
15:30 Import price index (the USA)
Asian stock indices
demonstrate the downgrading trend, affected by external factors. Chinese SSEC,
Japanese Nikkei, Korean KOSPI lost by 0,89 %, 0,33%, 0,34 % respectively. Bears were supported with weak industrial manufacture of
Japan (reconsideration of October statistics). This index grew by 2.2%, against
+2.4% previously.
Russian RTS index
opened the day on the negative territory.
Negative external
background was formed on the opening. But situation is unstable, because upward
euro correction is possible.
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 bearish.
On the quarter timeframe the
price broke the upper line of the Parabolic indicator. Stochastic and RSI
formed the signs to sell. The trend is lateral.
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
