On Wednesday 25.01.2012 the
majority of shares of UX index basket were traded in lateral trend on the
positive territory within negative domination on developed markets. Morning
optimism dispersed after Great Britain GDP data from 4th quarter
publication. This figure decreased two times more than expected. Liquid shares
of banking sector and wagon builders looked better than market within the
favorable information of Kryukov Wagon Building Plant orders portfolio
formation for current year. And worse than market looked energy-generating companies
within the weak Dniproenergo report. This issuer showed UAH254 million of net
loss in 4th quarter on the background of seasonal tariffs decrease
for e/e and price growth for coal.
Trade activity on the market of
applications stays on the quite low level.
In Europe the pressure to quotations
is rendered by unsolved problem of Greece. German business climate (IFO) in
January increased more than expected, which let DAX index show the symbolic
growth (+0.04%). On Great Britain and French stocks bears got the victory.
Corporate reports in the USA were
considered negatively. Despite the majority of companies showed profits per
share growth exceeding the expected ones, outlooks for the next year are
disappointing.
Boeing company in the fourth
quarter decreased profit per share exceeding expectations. Financisl results of
United Technologies met expectations.
Growth of indices in the 2nd
half of the trade session is connected to the expectations of press-conference
of FRS Head. It is worth to admit that solely low level of interest rates will
be supported at least till the end of 2014, not to the mid 2013 as it was
previously considered. This information has already given the push for growth
of EUR-USD pair and will probably assure the ascending dynamics within the opening
of European markets.
Claim of German Chancellor stands
out of negative news, who confirmed again that Germany is against the
enlargement of ESM credit potential. This claim makes doubtful aid enlargement
in Europe from IMF side, because demands of fund to double ESM were declined.
Neutral external
background was formed on the opening. Nevertheless, by analyst of IC
IFG CAPITAL Alexey Sidorov, the situation is unstable because the USA market
demonstrated the signs of purchase, weakly reacting to positive.
Forward market
analysis. Put/Call Ratio
increased to 0.75. The figure is close to averagely neutral.
The Futures for UX –
UX-3.12. Technical analysis.
On the 4-houred timeframe the
price placed above the Parabolic indicator. Oscillators show the dynamics close
to neutral. The trend is bullish.
On the quarter timeframe the
price placed below the Parabolic indicator. Oscillators do not give the univocal
signs. 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
