Last closure
On Thursday, August 21, trades in USA have come to the end with growth. The U.S. housing recovery gained traction in July as sales of previously owned homes rose to their highest level in 10 months. Sales of existing homes increased 2.4% from June to a seasonally adjusted annual rate of 5.15 million. July sales were down 4.3% from a year earlier, when sales peaked for 2013 before a jump in mortgage rates threw the housing recovery off track. July was the fourth consecutive month sales rose from the prior month. Manufacturing activity in the Philadelphia-region expanded at the fastest rate in more than three years in August. Federal Reserve Bank of Philadelphia said that its manufacturing index improved to a reading of 28.0 this month from July's reading of 23.9. Analysts had expected the index to decline to 19.2 in August. On the index, a reading above 0.0 indicates improving conditions, below indicates worsening conditions. On the day’s result, index Dow Jones rose by 0.36%, S&P has increased by 0.29%, Nasdaq grew by 0.12%.
European stock exchanges closed with growth of main indexes, as investors bet that a slowdown in euro-area manufacturing and services growth will increase pressure on the European Central Bank to do more to support the recovery. The composite PMI for the eurozone fell to a two-month low of 52.8 this month, down from 53.8 in July. Factory output weakened, with the eurozone manufacturing PMI falling to a 13-month low of 50.8, closer to the 50-point mark that separates expansion from contraction. German Manufacturing Output Index fell to 54.9, from 55.7 in July, but the drop was lower than expected, signalling a strong, albeit weaker, expansion in German private sector output. France's PMI suggested private sector output began to expand in August, albeit weakly, after a three-month period of contraction. The Composite Output Index rose to 50.0, up from 49.4 in July, a four-month high. On the day’s result, British FTSE rose by 0.33%, CAC 40 (France) grew by 1.23%, DAX (Germany) has increased by 0.93%.
Septembers’ contractual price on Brent oil, grew by $0.35 to $102.63 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened on neutral territory, day passed with negative dynamics. Value of the UX index has declined by 2.19% to 1251.04. Share trades capacity on the application market was equal to UAH 3.9 million. Trades capacity on the derivatives market was equal to UAH 5.8 million. Total trades capacity for yesterday — UAH 36.1 million.
From ten shares of an index basket, nine retreated. Leaders of growth were shares of Avdiivka Coke Plant (+1.35%). Worse than market looked shares of Enakievo Metallurgical Plant (-6.61%) and Azovstal Iron and Steel Works (-4.49%).
Ukrainian Economic Development and Trade Minister Pavlo Sheremeta has explained his resignation as being due to the appointment of a trade representative without his consent. The reason is the violation of management principles and a resolution that the minister himself nominates candidates for his deputies. The trade representative has the status of deputy minister, he told reporters in Kyiv on Thursday.
Premarket
External background at the opening is neutral.
The Asian indexes are showing mixed dynamics today. Nikkei has lowered by 0.30%, Hong Kong Hang Seng increasing by 0.46%.
Futures on American indexes are growing today from 0.07% to 0.12%.
Russian indexes as of 10:00 a.m. are decreasing — RTS decreasing by 0.25%, MICEX lowers by 0.46%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi speech on labor markets in Jackson Hole, Wyoming. (5:00 PM).
ITT Investment group
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