Last closure
On Friday, July 25, trades in USA have come to the end with decrease. Amazon, the world’s largest online retailer, tumbled the most since April as its cloud-computing business showed signs of cooling and investments in new distribution warehouses and gadgets held back profitability. Visa Inc. declined 3.6% after the largest payments network lowered its revenue forecast for the rest of the year. The central bank announces its next policy decision at the conclusion of a two-day meeting on July 30. U.S. manufactured goods rose more than expected in June, pointing to momentum in the economy at the end of the second quarter. The Commerce Department said, durable goods orders increased 0.7% as demand increased from transportation to machinery and computers and electronic products. Economists had forecast orders rising 0.5% in June after a previously reported 0.9% fall the prior month. On the day’s result, index Dow Jones has declined by 0.72%, S&P has lowered by 0.48%, Nasdaq has decreased by 0.50%.
European stock exchanges closed with decrease of main indexes. Loans to the private sector in the euro area, a gauge of economic health, fell year-on-year in June, but by less than in May. The volume of loans to private businesses and households declined by 1.7% from the same month in 2013, a smaller rate than the minus 2.0% in May. German business sentiment slid markedly in July, a closely watched survey showed. Germany's Ifo index – compiled through a survey of 7,000 respondents from manufacturing, construction, wholesale and retail firms – fell to 108.0 in July from 109.7 in June, with concerns about geopolitical risks cited as a key factor behind the decline. The Ifo Business Climate Index for industry and trade in Germany falls from 109.7 points in June to 108.0 points in July, marking a third decrease in succession. In fact, the index in June already fell to year-low level to 109.7, worse than the expected level of 110.3 points by experts. On the day’s result, British FTSE has declined by 0.44%, CAC 40 (France) has decreased by 1.82%, DAX (Germany) has lowered by 1.53%.
Augusts’ contractual price on Brent oil, decreased by $1.32 to $108.39 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by decrease, day passed with positive dynamics. Value of the UX index has increased by 1.99% to 1305.87. Share trades capacity on the application market was equal to UAH 7.8 million. Trades capacity on the derivatives market was equal to UAH 9.3 million. Total trades capacity for yesterday — UAH 49.5 million.
From ten shares of an index basket, eight have risen. Leaders of growth were shares of Donbasenergo (+5.24%) and Motor Sich (+4.89%). Worse than market looked shares of Azovstal Iron and Steel Works (-1.36%).
Public joint-stock company Motor Sich in January-June 2014 saw UAH 1 bln. 542.560 million in net profit, which was 1.9 time up year-over-year, reads a quarterly report of the company published in the information disclosure system of the National Commission for Securities and the Stock Market. The report says that its net revenue grew by 21%, to UAH 4.700 billion.
Premarket
External background at the opening is moderately neutral.
The Asian indexes are growing today. Nikkei rose by 0.46%, Hong Kong Hang Seng increasing by 1.03%.
Futures on American indexes are growing today from 0.09% to 0.18%.
Russian indexes as of 10:00 a.m. are decreasing — RTS decreasing by 1.54%, MICEX lowers by 0.80%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published Italian Business Confidence (11:00 AM).
In the U.S. will be published Pending Home Sales Report (5:00 PM) and Dallas Fed Mfg Business Index (5:30 PM).
ITT Investment group
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