Last closure
On Monday, July 28, trades in USA have come to the end with mixed dynamics, after erasing an earlier loss, as merger activity and optimism over corporate earnings offset concern over crises abroad before a Federal Reserve policy decision. Pfizer Inc., Reynolds American Inc. and American Express Co. are among some 150 S&P 500 companies reporting earnings this week. About 78 percent of U.S. companies that have posted results this season have beaten analysts’ estimates for profit, while 66 percent exceeded sales projections. An index of pending home sales, reflecting purchases under contract but not yet closed, fell 1.1% to a reading of 102.7 in June from May, ending three months of gains. The above-100 reading indicates market activity was still «average» if not robust. Economists had forecast a 0.5% rise in June sales. Compared with a year ago, pending-home sales were down 7.3% last month. That suggests many Americans remain unwilling or unable to enter the market despite historically low borrowing costs and a pickup in job creation. On the day’s result, index Dow Jones rose by 0.13%, S&P has increased by 0.03%, Nasdaq has decreased by 0.10%.
European stock exchanges closed with mixed dynamics of main indexes, as investors weighed unrest in Ukraine and the Middle East, and watched companies’ financial results. The Obama administration said it had satellite photos showing Russia firing across the border at Ukraine forces, as the U.S. and Europe consider more sanctions. German Economy and Energy Minister Sigmar Gabriel said that bank accounts held in Europe by oligarchs close to Putin should be frozen. Italian manufacturing business confidence fell slightly in July, for the second month, pulled down by a worsening outlook for orders. Confidence among Italy's manufacturers slipped to 99.7 in July from June, according to Istat's monthly survey. June's figure was revised down to 99.9 from an earlier 100.0 estimate. TNT Express NV plunged 5.8 percent to 6.11 euros. The Dutch package-delivery company reported second-quarter sales of 1.66 billion euros, missing the 1.69 billion euros that was estimated by analysts on average. On the day’s result, British FTSE has declined by 0.05%, CAC 40 (France) grew by 0.33%, DAX (Germany) has lowered by 0.48%.
Augusts’ contractual price on Brent oil, decreased by $0.82 to $107.57 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened neutral territory, day passed with positive dynamics. Value of the UX index has increased by 2.99% to 1344.97. Share trades capacity on the application market was equal to UAH 10.9 million. Trades capacity on the derivatives market was equal to UAH 6.6 million. Total trades capacity for yesterday — UAH 111.7 million.
All ten shares of an index basket have risen. Leaders of growth were shares of Ukrnafta (+12.66%) and Azovstal Iron and Steel Works (+4.71%).
U.S. dollar on the interbank market raised to 12.2 UAH/USD. Trading in the U.S. dollar on the interbank currency market of Ukraine opened with quotations of 11.8500/12.0000 UAH/USD, until 12:00 a.m. they grew to 11.9900/12.1500 UAH/USD. Until the closure of trading the price levels reached 12.1000/12.2000.
Premarket
External background at the opening is moderately positive. Meeting of shareholders in public joint-stock company Ukrnafta will be held in 11 September.
The Asian indexes are growing today. Nikkei rose by 0.57%, Hong Kong Hang Seng increasing by 0.36%.
Futures on American indexes are decreasing today from 0.02% to 0.05%.
Russian indexes as of 10:01 a.m. are rising — RTS increasing by 0.64%, MICEX growing by 0.93%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
Bank of England Deputy Governor Ben Broadbent speaks at Chatham House at 10:00 AM
In the U.S. will be published S&P/Case-Shiller House Price Index (4:00 PM) and data on Conference Board Consumer Confidence (5:00 PM).
U.S. Federal Reserve's Federal Open Market Committee (FOMC) holds two-day meeting on interest rates.
ITT Investment group
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