Last closure
On Wednesday, Jun 25, trades in USA have come to the end with growth, as investors speculated the economy is recovering from a first-quarter contraction. The US economy shrank at an annual rate of 2.9% in the first three months of 2014 – its fastest fall since the depths of the recession five years ago, as the harsh winter took a far bigger toll on activity than previously estimated. The damage was largely done through the private consumption component, which is now reported as rising just 1% versus 3.1% previously. Gross private investment remained an 11.7% contraction while government consumption was left at -0.8%. Orders for U.S. durable goods tumbled 1% in May as demand for military equipment fell sharply. Orders, excluding defense, rose 0.6% in May, after falling 0.8% in April. Orders for core capital goods, which reflect business investment, increased 0.7%, after a 1.1% drop. On the day’s result, index Dow Jones rose by 0.29%, S&P has increased by 0.49%, Nasdaq grew by 0.68%.
European stock exchanges closed with decrease of main indexes, as report showed the U.S. economy contracted in the first quarter by the most since the depths of the last recession. In Germany, market-research company GfK AG forecast that its consumer-confidence index will rise to 8.9 in July. That would be the highest reading since December 2006. The measure has not dropped since January 2013 and climbed to 8.6 in June. According to business managers, the business climate composite indicator in France drops from 94 in May to 92 in June, with turning point indicators going from 0.5 to -1. On the day’s result, British FTSE has declined by 0.79%, CAC 40 (France) has decreased by 1.28%, DAX (Germany) has lowered by 0.71%.
Julys’ contractual price on Brent oil, decreased by $0.46 to $114.00 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 0.09% to 1232.55. Share trades capacity on the application market was equal to UAH 3.7 million. Trades capacity on the derivatives market was equal to UAH 3.8 million. Total trades capacity for yesterday — UAH 27.4 million.
From ten shares of an index basket, seven have risen. Leaders of growth were shares of Ukrsotsbank (+2.23%). Worse than market looked shares of Raiffeisen Bank Aval (-0.52%).
Ukraine is ready to continue talks with Gazprom representatives and signed a temporary package of agreements on Russian gas supplies. Ukrainian Energy and Coal Industry Minister Yuriy Prodan said this at a briefing in Brussels on Wednesday.
Premarket
External background at the opening is moderately positive.
The Asian indexes are growing today. Nikkei rose by 0.27%, Hong Kong Hang Seng increasing by 1.09%.
Futures on American indexes are growing today from 0.04% to 0.08%.
Russian indexes as of 10:01 a.m. are showing mixed dynamics — RTS decreasing by 0.01%, MICEX growing by 0.02%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
Bank of England publishes half-yearly Financial Stability Report and Governor Mark Carney holds news conference at 12:30 AM.
In the U.S. will be published initial jobless claims (3:30 PM) and data on personal spending (3:30 PM).
Federal Reserve Bank of St. Louis President James Bullard speaks in New York on Monetary policy and Income inequality at 8:05 PM.
ITT Investment group
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