On Wednesday 14.12.2011 domestic stock market was
giving up, pushed by Europe and Russia.
main decreasing driver was unsuccessful auction on
Italy’s bonds placement and unfavorable statistics on industrial manufacture in
Euro-region. Fall was accelerated with claim of German Chancellor approved
stable position against the Euro-bonds idea and limited rescue funds.
Bad influence to the Russian market was caused by OPEC
increase of oil production limit to 30 million barrels per 24 hours and appeal
of European Parliament to held repeated elections to the State Duma.
All shares of UX index basket were traded on the
negative territory. Trade volume on the market of applications increased.
The USA stock indicators moved in track of European
stocks.
The news remains bearish. Fitch Ratings agency
decreased credit ratings of largest European commercial banks and banking
groups. Credit Agricole, Danske
Bank, OP Pohjola Group, Rabobank Group are among the ones which suffered.
IMF representative reminded Greece of
budget deficit limits, which are permanently not abided.
Following statistics will be published
today:
10:00 PMI Manufacturing activity index of France
10:30 PMI Manufacturing activity index of Germany
11:00 Manufacturing activity index of Euro-region
12:00 Consumer price index of Euro-region
12:00 Labor changes in Euro-region
15:30 Manufacturing price index (the USA)
15:30 Payment balance (the USA)
15:30 Unemployment applications (the USA)
15:30 NY Empire State Manufacturing activity index (the USA)
16:00 Volumes of long-term securities purchase (the USA)
16:15 Industrial manufacture (the USA)
17:00 FRS Philadelphia manufacturing activity index (the
USA)
Asian stock indices show decreasing motions affected
by external factors. Chinese SSEC, Japanese Nikkei, Korean KOSPI lost by 1.75 %, 1.66%, 2.08 % respectively.
Positive statistics do not give the visible support to quotations. Chinese
business activity index in HSBC industry reached 49 points in December by
preliminary information, against 47.7 points previously.
Japanese macro-indicators are positive.
Tankan manufacturing conjuncture index decreased twice
more than expected in the 4th quarter.
EUR-USD exchange rate and Brent oil price grow.
Russian RTS index opened the day on the positive
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. Stochastic and RSI are close to their minimal values. MACD
keeps signs to sell. The trend is bearish.
On the quarter timeframe the price placed below the
Parabolic indicator. Stochastic and MACD formed the signs to buy. The trend is bearish.
We may determine the short-term reselling trend and
willing of speculators to play the leap, expecting for positive American
statistics. Though this trend may be broken if European macro-statistics
appears to be negative.
Analytical department of IC IFG CAPITAL
forecasts index and futures increase by the results of the trade session if
index is fixed higher than 1500 points level in the first part of the day.
IC IFG CAPITAL, LLC
Alexey Sidorov
ik.ifgcapital.com.ua
www.ifgcapital.com.ua
