Last closure
On Thursday, July 24, trades in USA have come to the end with mixed dynamics, as a rally in Facebook Inc. and growth in global manufacturing overshadowed a drop in home sales. Treasuries fell as jobless claims declined. The number of people who filed for unemployment assistance in the U.S. last week fell to the lowest level since February 2006, easing concerns over the strength of the labor market. Number of individuals filing for initial jobless benefits in the week ending July 19 declined by 19,000 to a seasonally adjusted 284,000 from the previous week's total of 303,000. Analysts had expected jobless claims to rise by 5,000 to 308,000 last week. Continuing jobless claims in the week ended July 12 fell to 2.500 million from 2.508 million in the preceding week. Analysts had expected continuing claims to rise to 2.510 million. Sales of new single-family homes fell 8.1% in June. June sales hit a seasonally adjusted annual rate of 406,000, the second-weakest pace of the year. Facebook jumped 5.2% to a record as the operator of world’s biggest social network said mobile advertisements helped profit more than double as sales surged. Qualcomm Inc. (QCOM) declined 6.7% after forecasting quarterly profit that may trail projections. General Motors Co. lost 4.5% after reporting quarterly profit that missed analysts’ projections. On the day’s result, index Dow Jones has declined by 0.02%, S&P has increased by 0.05%, Nasdaq has decreased by 0.04%.
European stock exchanges closed with growth of main indexes, as manufacturing gains in China and the euro area boosted investors’ confidence that the economic recovery is on track. A manufacturing gauge in China rose to an 18-month high in July, adding to signs the economy will meet its 2014 growth target of about 7.5%. A preliminary PMI for eurozone from HSBC Holdings Plc and Markit Economics came in at 52, compared with the median estimate of 51 and a final reading of 50.7 in June. Manufacturing activity in the eurozone expanded at a faster rate than expected in July, easing concerns over the region's growth outlook. German manufacturing purchasing managers' index rose to a seasonally adjusted 52.9 this month from a final reading of 52.0 in June. Analysts had expected the index to hold steady at 52.0 in July. U.K. retail sales volumes rose 0.1% from May and were 3.6% higher than in June last year. Economists were expecting a slight dip in sales on a monthly basis. On the day’s result, British FTSE rose by 0.34%, CAC 40 (France) grew by 0.78%, DAX (Germany) has increased by 0.42%.
Augusts’ contractual price on Brent oil, decreased by $0.96 to $107.07 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 increased by 0.09% to 1280.40. Share trades capacity on the application market was equal to UAH 10.3 million. Trades capacity on the derivatives market was equal to UAH 4.5 million. Total trades capacity for yesterday — UAH 40.3 million.
From ten shares of an index basket, nine retreated. Better than market looked shares of Ukrnafta (+11%). Worse than market looked shares of Alchevsk Metallurgical Plant (-2.2%). Ukraine's prime minister today resigned after berating parliament for failing to pass legislation to take control of the energy sector. Arseny Yatseniuk, who was elected following the 2014 revolution that removed Viktor Yanukovych from power, also criticized politicians for not passing a law increasing the Army's financing. His resignation came as two parties quit a parliamentary coalition - a move that paved the way for long-awaited early legislative elections.
Premarket
External background at the opening is mixed.
The Asian indexes are growing today. Nikkei rose by 1.13%, Hong Kong Hang Seng increasing by 0.12%.
Futures on American indexes are decreasing today from 0.01% to 0.21%.
Russian indexes as of 10:00 a.m. are decreasing — RTS decreasing by 0.78%, MICEX lowers by 0.76%.
Our expectations
We expect opening of the Ukrainian market by decrease.
In Europe will be published German Ifo Business Climate Index (11:00 AM) and data on GDP in the U.K. (11:30 AM).
In the U.S. will be published data on durable goods orders (3:30 PM).
ITT Investment group
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