Last closure
On Wednesday, March 26, trades in USA have come to the end with decrease, after President Barack Obama warned the crisis in the Ukraine may escalate and Facebook Inc. dropped the most since 2012. Speaking in Brussels, Obama said Russia can’t run “roughshod” over its neighbors and its incursion into Crimea must be met with condemnation. Stocks climbed earlier as Commerce Department figures showed demand for durable goods in the U.S. increased more than economists estimated in February. Demand for durable goods – items meant to last at least three years – climbed a more-than-forecast 2.2%, reflecting the biggest gain in automobile demand in a year, the Commerce Department reported today. Orders for U.S. business equipment fell in February for the second time in three months, signaling corporate investment will be slow to gain momentum after severe winter put a damper on demand. Facebook sank 6.9% after buying virtual-reality headset maker Oculus VR Inc. On the day’s result, index Dow Jones has declined by 0.60%, S&P has lowered by 0.70%, Nasdaq has decreased by 1.43%.
European stock exchanges closed with growth of main indexes, as auto companies climbed. President Mario Draghi late yesterday reiterated in a speech in Paris that the European Central Bank will act if necessary to safeguard the region’s economy. He also said the central bank’s accommodative monetary policy should become more effective within the euro-area economy as disruptions in the financial system dissipate, while warning that risks remain. Peugeot added 2.8% to 13.02 euros. The carmaker got more than 120,000 orders in a year for its 2008 crossover model, while orders for its 308 vehicle stand at 65,000. Volkswagen AG, Europe’s largest automaker, rose 1.4% to 183.55 euros. Bayerische Motoren Werke AG advanced 1.3% to 90.60 euros. On the day’s result, British FTSE rose by 0.01%, CAC 40 (France) grew by 0.94%, DAX (Germany) has increased by 1.18%.
Aprils’ contractual price on Brent oil, grew by $0.04 to $107.03 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by decrease, day passed without certain dynamics. Value of the UX index has declined by 0.19% to 1011.56. Share trades capacity on the application market was equal to UAH 8.8 million. Trades capacity on the derivatives market was equal to UAH 3.5 million. Total trades capacity for yesterday — UAH 23.9 million.
From ten shares of an index basket, four stocks price has risen. Leaders of growth were shares of Enakievo Metallurgical Plant (+2.72%) and Raiffeisen Bank Aval (+2.47%). Worse than market looked shares of Motor Sich (-2.09%) and Avdiivka Cokery Plant (-1.93%). The first tranche of macroeconomic assistance from the European Union (EUR 1.6 billion) will be issued within two months of Ukraine's signing an agreement on cooperation with the International Monetary Fund, Ukrainian Prime Minister Arseniy Yatseniuk.
Premarket
External background at the opening is neutral. St. Louis Federal Reserve Bank President James Bullard said that the key risk for U.S. economy would be a bubble forming as the central bank removes monetary-policy accommodations, while he also raised concerns about financial stability in the U.S. economy. I don't see a major bubble right now, but one will form as we are trying to remove the accommodation in the years ahead, because that's what exactly had happened in the 2004-2006 period, Bullard told.
The Asian indexes are showing mixed dynamics today. Nikkei rose by 1.01%, Hong Kong Hang Seng declining by 0.25%.
Futures on American indexes are growing today from 0.17% to 0.21%.
Russian indexes as of 10:00 a.m. are decreasing— RTS decreasing by 1.02%, MICEX lowers by 0.59%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published retail sales in the U.K. (11:30 a.m.).
In the U.S. will be published initial jobless claims (02:30 p.m.), Gross Domestic Product (02:30 p.m.), and National Association of Realtors pending home sales report (04:30 p.m.).
ITT Investment group
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