Last closure
On Tuesday, February 25, trades in USA have come to the end with decrease, after data showed slower growth in home prices and a drop in consumer confidence. Home prices in the U.S. climbed at a slower pace in the year through December, indicating the market is entering a new stage that will help sustain further progress. The S&P/Case-Shiller index of property values in 20 cities rose 13.4% from December 2012 after increasing 13.7% in the year ended in November. It was the first deceleration since June. A Conference Board report showed a measure of confidence among U.S. consumers fell to 78.1 in February from 79.4 the prior month. The median called for a reading of 80.
On the day’s result, index Dow Jones has declined by 0.17%, S&P has lowered by 0.13%, Nasdaq has decreased by 0.13%.
European stock exchanges closed with decrease of main indexes. German gross domestic product increased by a modest 0.4% on the quarter between October and December compared with 0.3% during the previous three months. A detailed breakdown showed domestic demand subtracted 0.7 percentage points from growth while foreign trade, which had been weak for much of 2013, added 1.1 percentage points to GDP. Mortgage approvals in the U.K. rose more-than-expected in November to hit the highest level since September 2007. The British Banker's Association said that the number of new mortgages approved rose to 50,000 last month from December’s revised total of 47,100. Analysts had expected the number of new mortgages approved to rise to 47,900 in January. On the day’s result, British FTSE has declined by 0.52%, CAC 40 (France) has decreased by 0.10%, DAX (Germany) has lowered by 0.10%.
Februarys’ contractual price on Brent oil, decreased by $1.13 to $109.51 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by growth, day passed without certain dynamics, but after 2:00 p.m. growth was spotted. Value of the UX index has increased by 1.52% to 1092.3. Share trades capacity on the application market was equal to UAH 32.81 million. Trades capacity on the derivatives market was equal to UAH 6.76 million. Total trades capacity for yesterday — UAH 71.14 million.
From ten shares of an index basket, seven have grown in price. Leaders of growth were shares of Raiffeisen Bank Aval (+5.61%) and Ukrnafta (+5.11%). Worse than market looked shares of Enakievo Metallurgical Plant (-6.27%) and Avdiivka Cokery Plant (-3.75%). R&I downgrades Ukraine foreign currency issuer rating to B-, places on the rating monitor with view to downgrading
Premarket
External background at the opening is neutral. German consumer confidence increased to a seven-year high o 8.5 points, the Nuremberg-based group said Wednesday. It was the highest level for the indicator since January 2007. The index uses data from the current month to project a sentiment indicator for the coming month. The figure is above February's upwardly revised reading of 8.3 and above economists' expectations of 8.2.
The Asian indexes are showing mixed dynamics today. Nikkei has lowered by 0.54%, Hong Kong Hang Seng increasing by 0.73%.
Futures on American indexes are growing today from 0.23% to 0.29%.
Russian indexes as of 10:00 a.m. are showing mixed dynamics — RTS decreasing by 0.03%, MICEX growing by 0.42%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published data on GDP in the U.K. (11:30 a.m.).
In the U.S. will be published data new home sales (05:00 p.m.).
Boston Federal Reserve Bank President Eric Rosengren speech on the economic outlook in Boston will start at 07:00 p.m.
ITT Investment group
