Last closure
On Monday, September 15, trades in USA have come to the end with mixed dynamics, with gauges of small-cap and technology shares tumbling, while Treasuries ended a seven-day slide as investors assessed an unexpected drop in production before a rate decision. Industrial production, which measures the output of U.S. manufacturers, utilities and mines, fell 0.1% in August from the prior month. Economists had forecast a 0.3% gain. July's increase was revised down to 0.2% from 0.4% and August capacity utilization fell 0.3%age point to a 78.8% rate. An index of manufacturing activity in the New York region strengthened to a near-five-year high in September. The New York Fed’s Empire State general business conditions index rose to 27.5, the highest level since October 2009. The index regained all of the ground it lost in August when it fell to 14.7 from 25.6 in July. Facebook Inc. plunged 3.7% for the biggest loss in the S&P 500. TripAdvisor Inc., Micron Technology Inc. and Netflix Inc. dropped at least 3.9%. Tesla Motors Inc. sank 9.1% for its worst day since May. On the day’s result, index Dow Jones rose by 0.26%, S&P has lowered by 0.07%, Nasdaq has decreased by 1.07%.
European stock exchanges closed mixed dynamics of main indexes, after their first weekly slide in more than a month, as disappointing Chinese economic data offset gains amid mergers-and-acquisitions activity. Factory production in China rose 6.9% in August from a year earlier, the statistics office reported Sept. 13. That’s down from 9% in July and below the 8.8% growth that economists had predicted. The eurozone's trade surplus rose year-on-year in July as exports grew faster than imports, pointing to a positive contribution to economic growth at the start of the third quarter, the European Union's Statistics office data showed. Eurostat said the non-seasonally adjusted external trade surplus of the 18 countries sharing the euro was 21.2 billion euros (27.39 billion US dollar) in July, up from 18.0 billion in July 2013. Exports increased 3% year-on-year while imports only 1%. On the day’s result, British FTSE has declined by 0.04%, CAC 40 (France) has decreased by 0.29%, DAX (Germany) has increased by 0.09%.
Octobers’ contractual price on Brent oil, decreased by $0.46 to $96.65 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by decrease, day passed with negative dynamics. Value of the UX index has declined by 5.78% to 1060.70. Share trades capacity on the application market was equal to UAH 10.6 million. Trades capacity on the derivatives market was equal to UAH 9.5 million. Total trades capacity for yesterday — UAH 43.1 million.
From ten shares of an index basket, nine retreated. Better than market looked shares of Ukrnafta (+0.03%). Worse than market looked shares of Azovstal Iron and Steel Works (-13.69%), Alchevsk Metallurgical Plant (-12.46%) and Enakievo Metallurgical Plant (-12.14%).
Ukrainian President Petro Poroshenko has proposed introducing for three years a special order of government in some districts of Donetsk and Luhansk regions and holding early local elections in these regions on November 9, 2014. According to the bill of the head of state, which was published by the Ukrainska Pravda, temporarily, for three years from the date of entry of this law into force, a special order of local government is introduced in some districts of Donetsk and Luhansk regions, which include the districts, towns and villages located as of the date of entry into force of this law within the area of the anti-terrorist operation.
Premarket
External background at the opening is neutral. The Verkhovna Rada will vote for the ratification of the Association Agreement with the European Union on Tuesday. The ratification procedure will start simultaneously: in the Verkhovna Rada at 13.00 Kyiv time and in the European Parliament at 11.00 CET. The Asian indexes are decreasing today. Nikkei has lowered by 0.23%, Hong Kong Hang Seng declining by 0.61%.
Futures on American indexes are slightly decreasing today from 0.05% to 0.07%.
Russian indexes as of 10:00 AM are showing mixed dynamics — MICEX increasing by 0.33%, RTS lowers by 0.71%.
Our expectations
We expect opening of the Ukrainian market by growth.
In Europe will be published CPI in the U.K. (11:30 AM) and ZEW Economic Sentiment for Germany and E.U (12:00 AM).
In the U.S. will be published Producer Price Index (3:30 PM) and Treasury International Capital Net Long-Term Transactions (4:00 PM).
ITT Investment group
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