Last closure
On Friday, July 4, U.S. markets were closed for the Independence Day holiday.
European stock exchanges closed with decrease of main indexes. The Eurozone Retail PMI, which tracks month-on-month changes in the value of retail sales, registered at 50.0 for the month of June. This was marginally higher than the prior reading of 49.9 in May. Germany remained the powerhouse in the Eurozone retail sector as its retail PMI came in at 56.2, accelerating from 52.5 in the prior month. German factory orders, an important gauge of demand for goods made in Europe's largest economy, fell more than expected in May. Factories in Germany booked 1.7% fewer orders over April, when they rose by 3.4%. While orders from eurozone countries jumped 5.7%, it was not enough to counter a 2.5% drop in domestic orders and 5.2% fewer orders from countries outside of the 18-nation bloc. Economists had expected a milder drop in May. On the day’s result, British FTSE rose by 0.01%, CAC 40 (France) has decreased by 0.47%, DAX (Germany) has lowered by 0.20%.
Augusts’ contractual price on Brent oil, decreased by $0.24 to $111.00 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by decrease, day passed with negative dynamics. Value of the UX index has declined by 1.52% to 1193.58. Share trades capacity on the application market was equal to UAH 5.5 million. Trades capacity on the derivatives market was equal to UAH 5.2 million. Total trades capacity for yesterday — UAH 33.8 million.
All ten shares of an index basket retreated. Worse than market looked shares of Donbasenergo (-4.27%). The National Bank of Ukraine predicts GDP growth in Ukraine next year by 1-2%. Despite the difficult situation in the east of the country, the economy of Ukraine demonstrates a sufficient level of resistance to shock events.
Premarket
External background at the opening is neutral. Ukrainian President Petro Poroshenko announced to the nation Sunday that the Ukrainian army had retaken the city of Sloviansk from pro-Russian rebels, a city believed to be one in which the anti-Kiev forces were most deeply entrenched. German industrial production declined in May at the sharpest rate since April 2012. On an adjusted monthly basis, the industrial production index dropped 1.8%.
The Asian indexes are decreasing today. Nikkei has lowered by 0.37%, Hong Kong Hang Seng declining by 0.09%.
Futures on American indexes are decreasing today from 0.10% to 0.14%.
Russian indexes as of 10:00a.m. are rising — RTS increasing by 0.33%, MICEX growing by 0.51%.
Our expectations
We expect opening of the Ukrainian market by moderate growth.
In Europe will be published Sentix Investor Confidence for the euro zone (11:30 AM).
ITT Investment group
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