Last closure
On Monday, September 8, trades in USA have come to the end with mixed dynamics, after a five-week rally sent the gauge to a record. Energy companies also had the worst performance last week, with a loss of 1.5%. Brent has tumbled 13% since June 19 as economies from Europe to Asia show signs of slowing while oil output climbs. Treasury Secretary Jack Lew on Monday called for swift action to close a federal tax code loophole that allows businesses to reincorporate abroad to avoid U.S. corporate taxes, but offered no new ideas for how to do that. On the day’s result, index Dow Jones has declined by 0.15%, S&P has lowered by 0.31%, Nasdaq grew by 0.20%.
European stock exchanges closed with mixed dynamics of main indexes, as investors weighed equity valuations and U.K. shares fell on concerns that Scotland may vote for independence. Oil companies slumped after Brent crude slipped below $100 a barrel. The YouGov poll showed the share of voters in favor of Scotland breaking from the United Kingdom rose to 51% less than two weeks before the referendum. Oil and gas producers declined as Brent crude fell below $100 a barrel for the first time since June 2013 amid a slowdown of imports into China, while Kepler Cheuvreux SA cut the sector to a rating similar to sell, citing the strengthening dollar. Investor confidence in the euro zone for September deteriorated to the lowest level in 14 months, underlining concerns over the outlook for the region's economy. Sentix said its index of investor confidence tumbled to -9.8 this month, the lowest since July 2013, from a reading of 2.7 in August. The outlook for the German economy, Europe’s biggest, brightened on Monday when data showed the country’s trade surplus hit a new record in July on the back of booming exports. After allowance for seasonal blips, Germany exported goods worth a total of 98.2 billion euros ($127 billion) in July, 4.7% more than in June. On the day’s result, British FTSE has declined by 0.30%, CAC 40 (France) has decreased by 0.26%, DAX (Germany) has increased by 0.11%. Octobers’ contractual price on Brent oil, decreased by $0.62 to $100.20 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 1.30% to 1146.44. Share trades capacity on the application market was equal to UAH 8.5 million. Trades capacity on the derivatives market was equal to UAH 7.1 million. Total trades capacity for yesterday — UAH 59.1 million.
From ten shares of an index basket, seven retreated. Leaders of growth were shares of Ukrsotsbank (+4.44%). Worse than market looked shares of Donbasenergo (-9.20%) and Avdiivka Coke Plant (-4.40%).
Underlying inflation in Ukraine in August 2014 came to 1.2% compared to 0.8% in July, 2.3%. In annual terms underlying inflation accelerated to 11.2%, from 9.9% in July, 9% in June, 7.5% in May, 5.1% in April 2014 and 2.1% in March 2014. Consumer prices in Ukraine grew by 0.5% in 2013 and by 11.6% since early 2014.
Premarket
External background at the opening is neutral.
The Asian indexes are showing mixed dynamics today. Nikkei rose by 0.28%, Hong Kong Hang Seng declining by 0.20%.
Futures on American indexes are decreasing today from 0.06% to 0.12%.
Russian indexes as of 10:00 AM are rising — MICEX increasing by 0.68%, RTS growing by 0.81%.
Our expectations
We expect opening of the Ukrainian market by growth.
In Europe will be published Manufacturing Production in the U.K. (11:30 AM).
In the U.S. will be published JOLTs Job Openings (3:30 PM).
Federal Reserve Gov. Daniel Tarullo testifies on Wall Street reform before the Senate Banking Committee along with FDIC Chair Martin Gruenberg, SEC Chair Mary Jo White and others.
ITT Investment group
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