Last closure
On Tuesday, February 11, trades in USA have come to the end with growth, as comments by Federal Reserve Chairman Janet Yellen fueled bets the economy is strong enough to weather further stimulus cuts. Yellen, delivered her first public remarks as Fed policy makers pursue plans to gradually scale back the unprecedented bond-purchase program she helped put in place. Economic growth has strengthened and there is “broad improvement” in the labor market,’’ the chairman said. She repeated the Fed’s outlook for further reductions in “measured steps” and that asset purchases, known as quantitative easing, are not on a “pre-set course.” 10 main industries in the S&P 500 advanced, with energy companies increasing 1.4% and raw-materials shares rising 1.2%. On the day’s result, index Dow Jones rose by 1.22%, S&P has increased by 1.11%, Nasdaq grew by 1.03%.
European stock exchanges closed with growth of main indexes, as Federal Reserve Chairman Janet Yellen pledged to continue reducing stimulus as the economy strengthens. Carmakers posted the biggest gain among 19 industry groups in the Stoxx 600 after Goldman Sachs Group Inc. boosted its growth forecasts for auto sales in western Europe. PSA Peugeot Citroen advanced 4.5% to 12.02 euros. Michelin, Europe’s largest tiremaker, climbed 3.3% to 83.67 euros. On the day’s result, British FTSE rose by 1.23%, CAC 40 (France) grew by 1.09%, DAX (Germany) has increased by 2.03%.
Februarys’ contractual price on Brent oil, grew by $0.05 to $108.68 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 1.15% to 905.49. Share trades capacity on the application market was equal to UAH 2.3 million. Trades capacity on the derivatives market was equal to UAH 3 million. Total trades capacity for yesterday — UAH 19 million.
From ten shares of an index basket, four have grown in price. Leaders of growth were shares of Ukrnafta (+10.42%). Worse than market looked shares of Ukrsotsbank (-2.8%).
Premarket
External background at the opening is positive. The Chinese trade balance came at $31.86B vs $23.65B expected and $25.60B in Dec. Contributing on the final balance result were an increase of 10.6% in exports vs 2.0% expected and 4.3% last, with imports at 10% vs 3.0% expected and 8.3% last. The release is a positive input for the Aussie. An index measuring tertiary industry activity in Japan was down a seasonally adjusted 0.4% on month in December. The Asian indexes are growing today. Nikkei rose by 0.56%, Hong Kong Hang Seng increasing by 0.1.51%.
Futures on American indexes are growing today from 0.17% to 0.17%.
Russian indexes as of 10:02 a.m. are rising — RTS increasing by 0.90%, MICEX growing by 0.63%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published industrial production in the E.U. (12:00 a.m.) and Bank of England inflation report (12:30 a.m.).
In the U.S. will be published Federal Budget balance (09:00 p.m.).
St. Louis Federal Reserve Bank President James Bullard speech on the economic outlook in New York will start at 03:45 p.m.
ITT Investment group
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