Last closure
On Tuesday, September 2, trades in USA have come to the end with mixed dynamics, as energy producers sank with the price of crude to offset data showing U.S. manufacturing expanded at the fastest pace in three years. Purchasing Managers’ Index and Institute for Supply Management manufacturing survey were released Tuesday morning. The readings from both indexes signal a strong movement forward for manufacturing. The PMI reading for the month of August was 57.9, just above the Bloomberg estimate 57.8. This reading is up from 55.8 in the month of July. The PMI flash reading from the middle of the month was 58.0. The ISM reading was reported at 59.0, well above the Bloomberg estimate 56.8. This reading is also up from 57.1 in the month of July. On the day’s result, index Dow Jones has declined by 0.18%, S&P has lowered by 0.05%, Nasdaq grew by 0.39%.
European stock exchanges closed with mixed dynamics of main indexes, following a two-day rally prompted by speculation that policy makers will accelerate stimulus. The European Union's statistics agency said Tuesday that producer prices fell 0.1% from June, and were down 1.1% from July 2014. Producer prices rose in June, but that is the only month this year in which they have done so. The renewed decline in the prices of goods leaving eurozone factories suggests consumer prices are unlikely to rise rapidly in coming months. Eurostat on Friday said the annual inflation rate fell to 0.3% in August from 0.4% in July, its lowest level since October 2009 and well below the European Central Bank's target of just under 2%. U.K. construction sector activity expanded at the fastest rate in seven months in August, pointing to a continued strong recovery in the sector. The Markit/Chartered Institute of Purchasing & Supply U.K. construction purchasing managers' index rose to 64.0 last month from 62.4 in July. Economists had expected the index to tick down to 61.4. On the day’s result, British FTSE rose by 0.06%, CAC 40 (France) has decreased by 0.03%, DAX (Germany) has increased by 0.30%.
Octobers’ contractual price on Brent oil, decreased by $2.85 to $100.34 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened decrease, day passed without certain dynamics. Value of the UX index has declined by 1.59% to 1168.20. Share trades capacity on the application market was equal to UAH 5.1 million. Trades capacity on the derivatives market was equal to UAH 5.9 million. Total trades capacity for yesterday — UAH 42.2 million.
All ten shares of an index basket retreated. Worse than market looked shares of Enakievo Metallurgical Plant (-6.64%).
After decrease of the GDP by 6.5% this year, the economy of Ukraine will begin to recover and increase by 1% the next year, reads the memorandum of the economic policy of IMF. It is expected that inflation will slow down from 19% in 2014 to 9% in 2015. The National Bank of Ukraine has banned the issuing of foreign currency using payment cards starting Sept. 2, introduced the mandatory conversion of foreign currency transfers to hryvnias and slowed the procedure for buying foreign currency on the interbank forex market.
Premarket
External background at the opening is moderately positive. China's official nonmanufacturing purchasing managers index edged up to 54.4 in August from 54.2 in July. The HSBC China services Purchasing Managers' Index rose to a 17-month high of 54.1 in August from 50.0 in July.
The Asian indexes are growing today. Nikkei rose by 0.38%, Hong Kong Hang Seng declining by 1.97%.
Futures on American indexes are growing today from 0.15% to 0.16%.
Russian indexes as of 10:01 AM are rising — MICEX increasing by 0.36%, RTS growing by 0.74%.
Our expectations
We expect opening of the Ukrainian market decrease.
In Europe will be published Services PMI in Spain, Italy, France, Germany and in the E.U. (10:15 - 11:00 AM).
In the U.S. will be published Chain Store Sales (2:45 PM), ADP national employment report (3:30 PM) and Beige Book (9:00 PM).
ITT Investment group
Приложения к материалу:
