On Tuesday 24.01.2012 domestic
investors reacted with sales to the technical correction on developed markets.
All shares of UX index basket were traded on the negative territory. But
speaking of descending trend formation is not allowed by low trade activity on
the market of applications. This figure is decreasing during last three days.
Europe has finally paid attention
to unsolved Greece’s problems. Stock indices stayed in the red zone despite the
positive manufacturing activity data, new manufacturing orders, favorable
placement of Spanish bills. Manufacturing orders volume in Euro-region
decreased by 1.3% in November 2011 against the previous month. Analysts expected
that this figure will decrease by 2.2% by the month. By the results of auction,
Spanish government managed to place short-term governmental bonds termed 3 and
6 months and draw EUR2.510 billion. High demand was seen, yield decreased.
Euro-region business activity in manufacturing and non-manufacturing spheres
increased more than expected in January.
European negative was played in
the USA despite corporate reports surprised positively. Indices significantly
increased losses by the end of trade session. Du Pont, Jonhson & Jonhson, Mc Donald’s increased their profits per
share, exceeding expectations of analysts. Verizon’s report disappointed investors.
Bulls’ activity contains
favorable corporate reports of the USA and word interventions of European and
American politicians which make Greece problem to step on the second plan.
Apple, AMD increased its profits per share more than expected in the 4th
quarter. We estimate profit per share of Yahoo as neutral.
By Olli Rehn, Head of Euro-Commission,
negotiations of Greece’s government with private creditors made progress and
are close to successful termination.
Germany is ready to increase the
resources of EFSF to EUR750 billion in case of taking the more mitigated rules
of budget discipline by all EU countries.
Bears’ activity contains IMF
downgraded forecast on global economy, negative outlooks on Japanese People’s
bank GDP and start of the next series of debt auctions in the USA. 2-year notes
will be placed for $35 billion.
Japanese growth estimation for
2012 was decreased from 2.2% to 2%.
Positive external
background was formed on the opening. By analyst of IC IFG CAPITAL
Alexey Sidorov, this background will be supported by the claims of responsible
persons, noting the economy forum in Davos and close approach of EU summit.
Forward market
analysis. Put/Call Ratio
decreased to 0.37. The signal is bullish.
Analytical department
of IC IFG CAPITAL forecasts index and futures growth by the results of trade
session.
IC IFG CAPITAL, LLC
Alexey Sidorov
ik.ifgcapital.com.ua
www.ifgcapital.com.ua
