Last closure
On Friday, August 1, trades in USA have come to the end with decrease, followed European shares lower, extending the worst weekly loss for the Standard & Poor’s 500 Index in two years, amid growing concern about international credit markets. U.S. consumer spending rose for a fifth straight month in June, but a moderation in price increases suggested the Federal Reserve will not raise interest rates any time soon. Consumer spending increased 0.4% after rising by an upwardly revised 0.3% in May. Hiring by US employers slowed in July but remained robust with broad-based payroll gains, evidence of continued strength in the labour market and the broader economy. Nonfarm employment rose by a seasonally adjusted 209,000 last month. The unemployment rate, obtained via a separate survey of households, ticked up to a seasonally adjusted 6.2% in July from 6.1% in June. The jobless rate has fallen 1.1%age points since July 2013, when it was 7.3 per cent. The University of Michigan's consumer sentiment index slipped to 81.8 in July from 82.5 in June. This reading, however, was actually right in line with expectations. According to the survey, consumers' assessment of the current situation improved with the conditions sub-index jumping to 97.4 in July from 96.6 in June. However, the outlook deteriorated with the outlook sub-index falling to 71.8 in July from 73.5 in June. U.S. manufacturing expanded for the 14th consecutive month, the Institute for Supply Management reported, as its monthly PMI index rose to 57.1% in July from 55.3% in June. The new orders index showed healthy growth, registering a 4.5 point gain to 63.4% in July from the 58.9% reading in June. The production index grew, up 1.2 points to 61.2%. On the day’s result, index Dow Jones has declined by 0.42%, S&P has lowered by 0.29%, Nasdaq has decreased by 0.39%.
European stock exchanges closed with decrease of main indexes, as companies including ArcelorMittal and Vinci SA posted worse-than-expected earnings. ArcelorMittal retreated 6.1% to 10.68 euros. The world’s largest steelmaker said second-quarter earnings before interest, taxes, depreciation and amortization climbed to $1.76 billion from $1.7 billion a year earlier. That missed the $1.84 billion average of analyst estimates. Eurozone manufacturing purchasing managers' index held steady at June's seven-month low of 51.8, as ongoing expansion was partly offset by a deeper downturn by French manufacturers. The index is lower than 51.9 of the flash estimate, indicating lackluster growth by eurozone manufacturers. The performance disparity between Germany and France also widened, with the gap between the German and French PMI readings the greatest since February. On the day’s result, British FTSE has declined by 0.76%, CAC 40 (France) has decreased by 1.02%, DAX (Germany) has lowered by 2.10%.
Septembers’ contractual price on Brent oil, decreased by $1.18 to $104.84 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 0.34% to 1318.36. Share trades capacity on the application market was equal to UAH 11.4 million. Trades capacity on the derivatives market was equal to UAH 5.8 million. Total trades capacity for yesterday — UAH 38.4 million.
From ten shares of an index basket, six retreated. Leaders of growth were shares of Donbasenergo (+2.91%). Worse than market looked shares of Ukrnafta (-3.07%) and Avdiivka Coke Plant (-2.53%).
Premarket
External background at the opening is positive. The ATO forces liberated the district town of Krasnogorivka and the settlement of Staromykhailivka, Donetsk region. This was announced by Spokesman for the NSDC Information-Analytical Center Andriy Lysenko at a briefing on Saturday. The Asian indexes are showing mixed dynamics today. Nikkei has lowered by 0.31%, Hong Kong Hang Seng increasing by 0.49%.
Futures on American indexes are growing today from 0.32% to 0.39%.
Russian indexes as of 10:00 a.m. are rising — RTS increasing by 0.62%, MICEX growing by 0.48%.
Our expectations
We expect opening of the Ukrainian market by growth.
In Europe will be published Sentix Investor Confidence Index (11:30 AM) and Producer Price Index in the E.U. (12:00 AM).
In the U.S. will be published CB Employment Trends Index (5:00 PM).
ITT Investment group
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