Last closure
On Wednesday, September 10, trades in USA have come to the end with growth, as Apple Inc. rallied to boost technology shares. The U.S. Energy Information Administration released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 1 million barrels last week, maintaining a total U.S. commercial crude inventory to 358.6 million barrels, and have moved near the upper limit of the five-year range for this time of the year. Applications for US home mortgages fell last week as interest rates rose for the first time in four weeks. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 7.2% in the week ended Sep 5. Apple jumped 3.1%, the most since April, after introducing new products including a smartphone, watch and online payments processor. On the day’s result, index Dow Jones rose by 0.32%, S&P has increased by 0.36%, Nasdaq grew by 0.75%.
European stock exchanges closed with mixed dynamics of main indexes. ECB President Mario Draghi said last week the central bank will buy asset-backed securities and covered bonds, to funnel cash into an economy which stalled in the second quarter and where lending has been shrinking for more than two years. Ukrainian President Petro Poroshenko said Russia has withdrawn more than two-thirds of its troops from his country as European Union governments met to consider imposing tougher sanctions on Moscow. The proposals include barring some Russian state-owned defense and energy companies from raising capital in the EU, according to a European official who spoke on the usual condition of anonymity. On the day’s result, British FTSE rose by 0.02%, CAC 40 (France) has decreased by 0.04%, DAX (Germany) has lowered by 0.11%.
Octobers’ contractual price on Brent oil, decreased by $1.12 to $98.04 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by growth, day passed with positive dynamics. Value of the UX index has increased by 2.79% to 1123.53. Share trades capacity on the application market was equal to UAH 6.5 million. Trades capacity on the derivatives market was equal to UAH 8.3 million. Total trades capacity for yesterday — UAH 31.2 million.
From ten shares of an index basket, nine have risen. Leaders of growth were shares Donbasenergo (+9.57%).
The National Bank of Ukraine on the interbank foreign exchange market in August bought $354.8 million and sold $309.6 million. Ukrainians in August bought $201.3 million more foreign currency than sold. In January-August 2014 the net purchase of foreign currency by the population amounted to $1.738 billion, which is 6.6 times more than in the same period of 2013.
Premarket
External background at the opening is mixed. China consumer price index increased 2.0% year-on-year in August, compared with market consensus of 2.2% and July's 2.3% hike. Producer price index declined 1.2% year-on-year in August, slighter faster than market consensus of a 1.1% decrease and July's 0.9% drop.
The Asian indexes are showing mixed dynamics today. Nikkei rose by 0.76%, Hong Kong Hang Seng declining by 0.27%.
Futures on American indexes are decreasing today from 0.04% to 0.11%.
Russian indexes as of 10:00 AM are rising — MICEX increasing by 0.34%, RTS growing by 0.20%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published ECB monthly report (11:00 AM).
In the U.S. will be published initial jobless claims (3:30 PM) and Federal Budget Balance (9:00 PM).
ITT Investment group
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