On Wednesday 08.02.2012 domestic
stock indicators kept climbing following European ones. The majority of shares
of UX index basket were traded in the green zone. Trade volume on the market of
applications significantly decreased. It is worth to admit the appearance of
the first sign of possible turn downwards. Shares of Motor Sich which
traditionally advance index dropped within the substantial trade activity. Main
drivers in Europe are events around Greece. Morning optimism disappeared by the
end of trade session when it became clear that agreements of Greece Premier
with “the Tree” mission may become not final due to problems in their
accordance in Parliament. The USA indices showed slight growth.
By analyst of IC IFG CAPITAL
Alexey Sidorov, today moods of investors on the opening will be determined by
negative statistics of Chinese consumer prices, good financial results of Walt
Disney and Cisco Systems, speeding of mitigation measures approval by Greece
Parliament.
Consumer inflation in CPR
increased to 4.5% (annually) against the minimal since November 2010 level of
4.1% reached in December 2011. It was expected to be at 4.0% level. Inflation
at level higher than objected cannot let Chinese government to realize the
policy of preventing economic growth slowdown.
Walt Disney and Cisco Systems increased their profits per share
in the 4th quarter. These indices exceeded expectations. Leaders of
Greece political parties agreed the majority of questions connected to specification
of plan on state expense reduce. Question on changes in pension legislations is
still relevant. This news is positive for markets. Fact of Greece’s private
investors meeting today to discuss conditions of Greece bonds exchange and
cut-off the part of debt, changed position of ECB concerning writing off bonds
which belong to it are positive factors today.
Neutral external
background was formed on the opening.
The Futures for UX –
UX-3.12. Technical analysis.
On the 4-houred timeframe the
price placed above the Parabolic indicator. Oscillators do not give the
univocal signs. The trend is bullish.
On the quarter timeframe the
price placed below the Parabolic indicator. Oscillators show the neutral
dynamics. The trend is bullish.
Analytical department
of IC IFG CAPITAL forecasts index and futures neutral dynamics by the end of
trade session. Wide sales are prevented by expectations of progress in Greece.
Confident growth is prevented by reselling on global markets.
IC IFG CAPITAL, LLC
Alexey Sidorov
ik.ifgcapital.com.ua
www.ifgcapital.com.ua
