Last closure
On Friday, January 31, trades in USA have come to the end with decrease, as earnings reports at Amazon.com Inc. and Mattel Inc. disappointed investors and turmoil in emerging markets continued. A report showed consumer spending climbed more than forecast in December even as incomes stagnated. Household purchases, which account for about 70% of the U.S. economy, rose 0.4%, after a 0.6% gain the prior month that was larger than previously estimated. Incomes were unchanged, pushing the saving rate to the lowest level in almost a year. The Thomson Reuters/University of Michigan final January index of consumer sentiment fell to 81.2 from 82.5 a month earlier. The median forecast called for 81 after a preliminary reading of 80.4. Estimates ranged from 79 to 82.5. The index averaged 89 in the five years before December 2007, when the last recession began, and 64.2 in the 18-month contraction that ended in June 2009. Amazon slumped 11% after the world’s largest Web retailer reported profit and sales that trailed analysts’ estimates. Mattel Inc. sank 12% after a drop in Barbie sales weighed on results. Google Inc. jumped 4%, pacing gains in technology shares, after sales topped estimates on growing advertising spending during the holiday season. On the day’s result, index Dow Jones has declined by 0.94%, S&P has lowered by 0.65%, Nasdaq has decreased by 0.47%.
European stocks fell, posting their worst start to the year since 2010, as companies from Electrolux AB to Vedanta Resources Plc dropped after reporting results. Euro-area unemployment held at 12% in December. November’s level was revised to 12%, down from a record 12.1% in September. European CPI printed just 0.7% year on year in January while German retail sales unexpectedly fell 2.5% on the month and 2.4% year on year. On the day’s result, British FTSE has declined by 0.43%, CAC 40 (France) has decreased by 0.34%, DAX (Germany) has lowered by 0.71%.
Februarys’ contractual price on Brent oil, decreased by $1.55 to $106.40 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by decrease, day passed with negative dynamics, but after 02:30 p.m. growth was spotted. Value of the UX index has increased by 0.24% to 889.65. Share trades capacity on the application market was equal to UAH 2.9 million. Trades capacity on the derivatives market was equal to UAH 3.8 million. Total trades capacity for yesterday — UAH 21.3 million.
From ten shares of an index basket, six have grown in price. Leaders of growth were shares of Ukrnafta (+2.72%). Worse than market looked shares of Motor Sich (-0.97%).
Service of credit rating of Standard & Poor's agency downgraded the long-term counterparty credit ratings of three Ukrainian private banks with B - to CCC + rating with outlook at negative. Also, the S&P has confirmed the short-term counterparty credit ratings of these banks at 'C'. Simultaneously credit ratings were lowered two of these banks on a national scale with uaBBB- to uaBB-.
Premarket
External background at the opening is neutral. China's official non-manufacturing Purchasing Managers' Index slipped to 53.4 from December's 54.6, the lowest reading in at least a year but still above the 50-point level that indicates growth.
The Asian indexes are decreasing today. Nikkei has lowered by 1.98%, Indian BSE 30 declining by 1%.
Futures on American indexes are growing today from 0.04% to 0.06%.
Russian indexes as of 9:50 a.m. are rising — RTS increasing by 0.31%, MICEX growing by 0.34%.
Our expectations
We expect opening of the Ukrainian market by decrease.
In Europe will be published Manufacturing PMI in Spain (10:13 a.m.), Italy (10:43 a.m.), France (10:48 a.m.), Germany (10:53 a.m.) in the E.U. (10:58 a.m.), and in the U.K. (11:28 a.m.).
In the U.S. will be published Institute of Supply Management Manufacturing Purchasing Managers Index (05:00 p.m.).
ITT Investment group
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