Bears activated due to lack of progress in limit of governmental debt increase issue. Senate rejected the project previously approved by the House of Representatives. This project would allow to raise the governmental debt limit and provided the substantial decrease of governmental expenses.
As a result, DJI dropped by 0,34%, Nasdaq managed to keep on the positive territory due to good financial results of technologic companies (+0,86%).
European stock indices stayed in the green zone within the support of good corporate reports.
The external background on the opening may be estimated as negative. The main decreasing power may become an earthquake in Japan and American debt crisis aggravation.
Today we will not see any substantial statistics or financial reports published.
Asian stock indices show descending motions under the pressure of Japanese catastrophe. A strong earthquake with a magnitude of 6,2 points happened today on the north-east of the country in 21-51 Kiev time.
Chinese SSEC, Japanese Nikkei, Korean KOSPI dropped by 2,36 %, 0,80 %, 0,96 % respectively.
Russian RTS index opened the day in red zone.
The Futures for UX Index 6.11. Technical analysis.
On the 4-houred timeframe the price is placed above the Parabolic indicator. Oscillators do not give the univocal signs. The trend is lateral.
On the quarter timeframe the price placed below the Parabolic indicator. Stochastic and RSI are close to their minimal values. The trend is bearish.
Analytical department of IC IFG CAPITAL forecasts index and futures decrease by the end of trade session.
Composed by Analytical Department
IC IFG CAPITAL, LLC
Alexey Sidorov
www.ik.ifgcapital.com.ua
www.ifgcapital.com.ua
