On Wednesday domestic stock indicators fall victims of profit fixations after speculative growth within ECB auction on 3-year credits rendering to banks expectations.
Volumes of assets, attracted by banks was much more than forecasted, which automatically worsened expectations of markets on EU banking sector. Housing sales were taken negatively on the secondary market of the USA too, despite this figure increased in November against adjusted data. Substantial error of estimations hit trust level of the market to the macro-statistics.
The majority of UX index basket shares were traded in the green zone. Trade activity on the market of applications increased.
Trade activity on the market of applications increased.
News on the opening was majorly negative.
S&P international rating agency downgraded Hungary’s sovereign ratings. ECB published the negative comment on banking sector, admitting that expectation of banking defaults in Europe grew rapidly.
Following statistics will be published today:
15:30 Unemployment applications (the USA)
15:30 GDP (the USA)
16:55 Michigan University consumer sentiment index
Asian stock indices decrease. Chinese SSEC, Japanese Nikkei, Korean KOSPI lost by 0.22%, 0.77%, 0.05% respectively. Statistics is still negative. Net non-residents’ investments to Japanese shares decreased by JPY210.6 billion, the previous change – JPY303.9 billion.
Russian RTS index opened the day on the positive territory.
Neutral external background was formed on the opening.
By analyst of IC IFG CAPITAL Alexey Sidorov, sales continuation keeps oil market. Oil and gas reserves of the USA decreased more than expected. Implementation of embargo on black gold import from Iran became more real.
The Futures for UX – UX-3.12. Technical analysis.
On the 4-houred timeframe the price placed above the Parabolic indicator. MACD formed the sign to buy. The trend is bearish.
On the quarter timeframe the price placed below the Parabolic indicator. Oscillators do not give the univocal signs. The trend is bearish.
Analytical department of IC IFG CAPITAL forecasts index and futures increase by the results of the trade session, in case of publication of favorable statistics in the USA.
IC IFG CAPITAL, LLC
Alexey Sidorov
ik.ifgcapital.com.ua
www.ifgcapital.com.ua
