Last closure
On Monday, February 24, trades in USA have come to the end with growth, after health-care shares jumped on a smaller-than-forecast cut in Medicare rates and EBay Inc. climbed as Carl Icahn urged the spinoff of PayPal. Humana rallied 11% for the biggest gain in the S&P 500 after saying the rate cut in 2015 for Medicare Advantage patients will be less than an earlier estimate. EBay climbed 3.1% as Icahn criticized the online marketplace for “lapses” in corporate governance and asked shareholders to vote in favor of the split. On the day’s result, index Dow Jones rose by 0.64%, S&P has increased by 0.62%, Nasdaq grew by 0.69%.
European stock exchanges closed with growth of main indexes. In Germany, a report showed the Ifo Institute’s business climate index, based on a survey of 7,000 executives, unexpectedly rose to 111.3 in February from 110.6 a month earlier. Economists had predicted a drop to 110.5 this month. Consumer price inflation in the euro zone rose more than initially estimated in January. In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 0.8% last month, up from a preliminary estimate of 0.7%. Euro zone inflation rose by 0.8% in December. The rate remains firmly below the European Central Bank's target of near but just below 2%. On the day’s result, British FTSE rose by 0.41%, CAC 40 (France) grew by 0.87%, DAX (Germany) has increased by 0.54%.
Februarys’ contractual price on Brent oil, grew by $0.79 to $110.64 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by growth, day passed with positive dynamics. Value of the UX index has increased by 15.21% to 1075.97. Share trades capacity on the application market was equal to UAH 11.6 million. Trades capacity on the derivatives market was equal to UAH 6.7 million. Total trades capacity for yesterday — UAH 36.7 million.
All ten shares of an index basket have grown in price. Leaders of growth were shares Enakievo Metallurgical Plant (+29.8%) and Azovstal Iron and Steel Works (+24.59%). With Ukraine’s new leaders saying the economy is in peril and a debt default possible, bond investors are looking for clues that fresh aid is on its way. The nation’s benchmark dollar debt due in April 2023 posted its biggest gain in two months, with the yield dropping 93 basis points to 9.26% by 8 p.m. in Kiev. The rally followed an 82 basis point drop on Feb. 21, before lawmakers ousted Viktor Yanukovych as president and handed his powers to new parliamentary speaker, Oleksandr Turchynov.
Premarket
External background at the opening is neutral. Japan’s CSPI fell to a seasonally adjusted annual rate of 0.8%, from 1.1% in the preceding month whose figure was revised down from 1.3%. Analysts had expected Japan’s CSPI to fall to 1.2% last month. German gross domestic product expanded 0.4% in the fourth quarter.
The Asian indexes are showing mixed dynamics today. Nikkei rose by 1.44%, Hong Kong Hang Seng declining by 0.34%.
Futures on American indexes are decreasing today from 0.08% to 0.04%.
Russian indexes as of 10:04 a.m. — RTS decreasing by 0.10%, MICEX growing by 0.04%.
Our expectations
We expect opening of the Ukrainian market by growth.
In Europe will be published British Bankers' Association Mortgage Approvals (11:30 a.m.).
In the U.S. will be published the S&P/Case-Shiller 20-city home price index (04:00 p.m.) and conference Board's consumer confidence index (05:00 p.m.).
ITT Investment group
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