Last closure
On Tuesday, February 5, trades in USA have come to the end with growth, as Treasuries retreated. The U.S. budget deficit will fall to a seven-year low as a share of the economy, driven downward by stronger economic growth that has boosted tax revenue and helped contain spending. The fiscal 2014 deficit will narrow to $514 billion, or 3% of gross domestic product, from $680 billion last year. The projected gap is down from 9.8% of GDP in 2009, the widest in records dating back to 1974, and is close to the average of the past four decades, the agency said. Revenue that’s forecast to grow this year more than three times as fast as spending is helping the U.S. narrow a deficit that reached a record $1.4 trillion in 2009. A U.S. report showed factory orders fell 1.5% in December, less than economists had forecast. On the day’s result, index Dow Jones rose by 0.47%, S&P has increased by 0.76%, Nasdaq grew by 0.86%.
European stocks were little changed, paring earlier losses, as banks rallied while telecommunication companies fell. The Markit/CIPS construction PMI rose to 64.6 in January from December's reading of 62.1, the sharpest expansion in UK construction activity since August 2007, when the financial crisis first started to take hold in Britain. UBS AG jumped 5.4% after Switzerland’s biggest bank posted earnings that exceeded analysts’ projections. Royal KPN NV lost 4.8% after the biggest Dutch telecommunications provider said it would cut jobs as a mobile-phone price war hurt earnings. On the day’s result, British FTSE has declined by 0.25%, CAC 40 (France) grew by 0.24%, DAX (Germany) has lowered by 0.64%.
Februarys’ contractual price on Brent oil, decreased by $0.26 to $105.78 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by decrease, day passed with positive dynamics. Value of the UX index has increased by 0.1% to 883.51. Share trades capacity on the application market was equal to UAH 5.3 million. Trades capacity on the derivatives market was equal to UAH 3 million. Total trades capacity for yesterday — UAH 18.2 million.
From ten shares of an index basket, six have grown in price. Leaders of growth were shares of Ukrnafta (+4.51%). Worse than market looked shares of Donbasenergo (-1.94%).
The National Bank of Ukraine extended credits for the term of 30 days to 21 Ukrainian banks totaling UAH 5.747 billion in January 2014. Security for loans will be at the expense of the real estate and government bonds of Ukraine.
Premarket
External background at the opening is moderately positive.
The Asian indexes are showing mixed dynamics today. Nikkei rose by 1.23%, Hong Kong Hang Seng declining by 0.87%.
Futures on American indexes are decreasing today from 0.13% to 0.17%.
Russian indexes as of 9:50 a.m. are rising — RTS increasing by 0.75%, MICEX growing by 0.04%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published Services Purchasing Managers' Index 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.). Also will be published data on retail sales in the E.U. (12:00 a.m.)
In the U.S. will be published ADP National Employment Report (03:15 p.m.) and Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers' Index (05:00 p.m.).
ITT Investment group
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