Last closure
On Friday, May 24, trades in USA have come to the end with growth, after an increase in home purchases boosted confidence in the economy. Sales of new U.S. homes climbed in April for the first time in three months, allaying concerns of an extended setback in the residential real-estate market. The 6.4% increase to a 433,000 annualized rate was the biggest in six months and followed a 6.9% March decline. The median selling price in the U.S. fell 1.3% from a year earlier to $275,800. Hewlett-Packard Co. surged 6.1% after the company announced plans to cut as many as 16,000 additional jobs. On the day’s result, index Dow Jones rose by 0.38%, S&P has increased by 0.42%, Nasdaq grew by 0.76%.
European stock exchanges closed with mixed dynamics of main indexes. Business sentiment in Germany, the euro area’s largest economy, declined more than analysts forecast, fueling speculation the European Central Bank will boost stimulus. In Germany, the Ifo institute’s business climate index, based on a survey of 7,000 executives, fell to 110.4 in May from 111.2 in April. Economists in a Bloomberg News survey predicted a drop to 110.9. First-quarter growth in Europe’s biggest economy met projections. On the day’s result, British FTSE has declined by 0.07%, CAC 40 (France) grew by 0.33%, DAX (Germany) has increased by 0.48%.
Junes’ contractual price on Brent oil, decreased grew by $0.18 to $110.54 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 3.95% to 1176.25. Share trades capacity on the application market was equal to UAH 8.5 million. Trades capacity on the derivatives market was equal to UAH 3.6 million. Total trades capacity for yesterday — UAH 77.4 million.
All ten shares of an index basket have risen. Leaders of growth were shares of Centerenergo (+5.54%).
The World Bank's Board of Executive Directors on Thursday approved three new projects for Ukraine amounting to $1.48 billion that will help drive forward the essential structural and macroeconomic reforms.
Premarket
External background at the opening is positive. Front runner in the early presidential election in Ukraine Petro Poroshenko is leading with 54.05% of votes after 45.28% of electronic voting reports have been processed, the Central Election Commission said on May 26 morning. German consumer confidence is due to stabilize at a high level in June, suggesting that the continuing tension in Ukraine has yet to have a noticeable impact on German consumer sentiment. The Nuremberg-based GfK institute's forward-looking indicator is due to be 8.5 in June.
The Asian indexes are showing mixed dynamics today. Nikkei rose by 0.97%, Hong Kong Hang Seng declining by 0.03%.
Futures on American indexes are growing today from 0.09% to 0.15%.
Russian indexes as of 10:01 a.m. are rising — RTS increasing by 0.67%, MICEX growing by 0.40%.
Our expectations
We expect opening of the Ukrainian market by growth.
UK markets shut for the Spring bank holiday and U.S. markets closed for Memorial Day.
Investors are waiting comments from European Central Bank chief Mario Draghi at 11:00 AM.
ITT Investment group
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