Last closure
On Wednesday, April 2, trades in USA have come to the end with growth, as data showing companies added to payrolls last month fueled optimism on growth in the economy. A report from ADP Research Institute showed that U.S. companies hired a net 191,000 workers last month, up from a revised 178,000 in February. That narrowly missed the median estimate for March of 195,000 in survey of economists. A separate release from the Commerce Department showed factory orders climbed 1.6% in February. They dropped in January. Both reports had shown weakness at the beginning of the year as unusually harsh winter temperatures suppressed economic activity. Fed Bank of St. Louis President James Bullard said in a Bloomberg Radio interview that a further slowing of inflation could prompt policy makers to suspend tapering of bond purchases, though he doesn’t expect that to happen. On the day’s result, index Dow Jones rose by 0.24%, S&P has increased by 0.29%, Nasdaq grew by 0.20%.
European stock exchanges closed with growth of main indexes, after a U.S. private-payrolls report showed companies in the world’s largest economy added more workers last month and factory orders increased in February. Eurozone GDP growth was changed to 0.2% in the final quarter of 2013 from the previous estimate of 0.3%. Producer price inflation in the euro zone fell more than expected in February. Producer price index eased down by a seasonally adjusted 0.2% in February, compared to expectations for a 0.1% decline. Producer prices inched down 0.3% in January. Year-over-year, the producer price index declined at an annualized rate of 1.7% in February, compared to expectations for a 1.6% drop, after falling at a rate of 1.4% in November.
On the day’s result, British FTSE rose by 0.10%, CAC 40 (France) grew by 0.09%, DAX (Germany) has increased by 0.20%.
Mays’ contractual price on Brent oil, decreased by $0.83 to $104.79 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened on neutral territory, day passed without certain dynamics. Value of the UX index has declined by 0.14% to 1076.21. Share trades capacity on the application market was equal to UAH 5.8 million. Trades capacity on the derivatives market was equal to UAH 3.8 million. Total trades capacity for yesterday — UAH 23.6 million.
From ten shares of an index basket, four stocks have risen. Leaders of growth were shares of Ukrsotsbank (+2.25%) and Ukrnafta (+2.07%). Worse than market looked shares of Raiffeisen Bank Aval (-2.15%). According to a forecast of Finance Minister Oleksandr Shlapak, the economy of Ukraine by results of this year most likely will drop by 3%. The government forecasts 12% inflation growth this year. “We are planning approximate growth of nominal wages by 3.5%, at the same time, inflation - about 12%,” Shlapak said. Ukraine plans to raise gas tariffs for the population by an average of 73%.
Premarket
External background at the opening is neutral. China's official nonmanufacturing Purchasing Managers' Index fell to 54.5 in March from 55.0 in February. The HSBC China services Purchasing Managers' Index rose to 51.9 in March from 51.0 in February.
The Asian indexes are growing today. Nikkei rose by 0.84%, Hong Kong Hang Seng increasing by 0.17%.
Futures on American indexes are slightly changing today from -0.02% to +0.02%.
Russian indexes as of 10:00 a.m. are showing mixed dynamics — RTS decreasing by 0.10%, MICEX growing by 0.34%.
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.), in Italy (10:45 a.m.), in France (10:50 a.m.), in Germany (10:55 a.m.), in the E.U. (11:00 a.m.) and in the U.K (11:30 a.m.). In 2:45 p.m. will be published interest rate decision by ECB.
In the U.S. will be published initial jobless claims (3:30 p.m.), trade balance (3:30 p.m.) and data on ISM non-manufacturing index (5:00 p.m.).
ITT Investment group
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