On Thursday 16.02.2012 there was
a correction on the domestic stock markets shared from Europe within the
tension growth between Greece and crediting countries. The market negatively
estimated the results of primary placement Spanish long-term bonds (yields
increased). Auction on French bonds sale was successful showing yield decrease
within the high demand.
The majority of shares of index
basket were traded on the negative territory. Liquid shares of wagon builders
looked better than market. Trade activity on the market of applications
decreased.
It is worth to admit the visible
moods improvement on the developed markets in the second half of the day
affected by American statistics and other information about negotiations of “the
Three” with Greece.
The USA published positive statistics.
Quantity of applications for unemployment benefits and quantity of repeated
applications decreased more than expected. Philadelphia FRS index of self
production exceeded the forecasted value. The information from housing market
in January was positive too.
Today markets will be too
sensitive to the news from Greece.
On the opening: Greece and its
international creditors agreed how to reach the reduction by EUR325 million in
2012. Guarantees from representatives of political parties were received. We
remind you that creditors have doubt in ability of Greece to fulfill taken
responsibilities which is the main resisting factor in rendering help. ECB is
going to change Greece bonds for the new ones to provide the lack of forced
losses during restructuring; herewith European government plan to decrease
interest rated on Greece credits with the help of ECB resources.
Positive external background was
on the opening.
Forward market
analysis. Put/Call Ratio increased to 1.05.
The sign is bearish.
The Futures for UX –
UX-3.12. Technical analysis.
On the 4-houred timeframe the
price placed below the Parabolic indicator. Oscillators in major give the signs
to sell. The trend is bearish.
On the quarter timeframe the
price placed above the Parabolic indicator. Signs to sell dominate. The trend
is bullsih.
Analytical department
of IC IFG CAPITAL forecasts index and futures increase or decrease by the end
of trade session but no more than by 0.5%. The forecast is neutral. Friday
factor in high liquidity conditions does not let to play the morning positive
in full volume. Unstable situation on the European markets plays against bulls
too.
IC IFG CAPITAL, LLC
Alexey Sidorov
ik.ifgcapital.com.ua
www.ifgcapital.com.ua
