Last closure
On Tuesday, May 3, trades in USA have come to the end with decrease, as investors awaited a European Central Bank decision on stimulus measures and a report on American employment in May. New orders for US-made factory goods rose for a third straight month in April and automakers reported robust vehicle sales in May, boosting the outlook for second-quarter economic growth. Factory orders increased 0.7% after an upwardly revised 1.5% advance in March. March's orders had previously been reported as having risen 0.9%. Excluding the volatile transportation category, orders rose 0.5%, the third straight monthly gain. On the day’s result, index Dow Jones has declined by 0.13%, S&P has lowered by 0.04%, Nasdaq has decreased by 0.07%.
European stock exchanges closed with decrease of main indexes. Eurostat released a very disappointing report on consumer prices Tuesday morning, two days ahead of the European Central Bank policy meeting. CPI rose just 0.5% in May, below both the forecast and April's reading of 0.7%. This marks the eighth consecutive month Euro area inflation has been less than half the European Central Bank's stated target of 2%. The ECB will announce its latest interest rate policy Thursday at 7:45 a.m. ET, and economists tracked by Bloomberg are forecasting a bombshell announcement: Negative deposit rates. Eurozone unemployment rate fell slightly to 11.7% in April from 11.8% in March. The drop means 18.75 million were unemployed in April. In total, the number of people unemployed fell by 76,000 between March and April. There were wide variations across the eurozone. Austria had the lowest unemployment rate at 4.9%, closely followed by Germany with 5.2%. In Greece, unemployment was 26.5% in February, while Spain had a 25.1% unemployment rate. On the day’s result, British FTSE has declined by 0.41%, CAC 40 (France) has decreased by 0.27%, DAX (Germany) has lowered by 0.31%.
Junes’ contractual price on Brent oil, decreased by $0.01 to $108.82 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened on neutral territory, day passed with negative dynamics. Value of the UX index has declined by 1.95% to 1209.82. Share trades capacity on the application market was equal to UAH 6.6 million. Trades capacity on the derivatives market was equal to UAH 6.5 million. Total trades capacity for yesterday — UAH 37.3 million.
All ten shares of an index basket retreated. Worse than market looked shares of Enakievo Metallurgical Plant (-2.7%) and Ukrsotsbank (-2.7%). Ukraine's gold, currency reserves up to $18 bln - Ukrainian Prime Minister Arseniy Yatseniuk said. In January-April Ukraine's international reserves dropped 30.3%, or $6.19 billion to $14.226 billion, or two months worth of imports.
Premarket
External background at the opening is moderately negative. Interim Ukrainian President and Verkhovna Rada Chairman Oleksandr Turchynov has instructed National Security and Defense Council Secretary Andriy Parubiy along with a number of agencies to urgently consider whether it would be appropriate to impose martial law on Donetsk and Luhansk regions, where a military operation is under way.
The Asian indexes are showing mixed dynamics today. Nikkei rose by 0.22%, Hong Kong Hang Seng declining by 0.65%.
Futures on American indexes are decreasing today from 0.08% to 0.10%.
Russian indexes as of 10:00 AM are decreasing — RTS decreasing by 0.47%, MICEX lowers by 0.11%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published services Purchasing Managers' Index in Spain, Italy, France, Germany, U.K. and E.U (10:15 - 11:30 AM). Also will be published data on GDP in the E.U. (12:00 AM).
In the U.S. will be published ADP National Employment Report (3:15 PM), trade balance (3:30 PM), and the Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers' Index (5:00 PM).
ITT Investment group
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