Last closure
On Thursday, September 4, trades in USA have come to the end with growth, as employment data boosted optimism in the economy. The number of people who filed for unemployment assistance in the U.S. last week fell to the lowest level since mid-July. Number of individuals filing for initial jobless benefits in the week ending September 13 decreased by 36,000 to a seasonally adjusted 280,000 from the previous week's revised total of 316,000. Analysts had expected jobless claims to fall by 11,000 to 305,000 last week. Continuing jobless claims in the week ended September 6 fell to 2.429 million from 2.492 million in the preceding week. Analysts had expected continuing claims to increase to 2.470 million. The number of building permits issues in the U.S. dropped by 5.6% to a seasonally adjusted 998,000 units from July's total of 1.057 million. Analysts expected building permits to fall by 0.4% to 1.045 million units in August. U.S. housing starts tumbled by 14.4% last month to hit a seasonally adjusted 956,000 units from July's total of 1.117 million units, compared to expectations for an increase to 1.040 million. Manufacturers in the Philadelphia region expanded at robust pace in September, but an index that measures growth slowed from a three-year high in August. The Philadelphia Federal Reserve's business-conditions index fell to 22.5 this month from 28 in August, the bank said Thursday. The index hit its highest level in August since March 2011. The decline was slightly deeper than the forecast of economists. On the day’s result, index Dow Jones rose by 0.64%, S&P has increased by 0.49%, Nasdaq grew by 0.68%.
European stock exchanges closed with growth of main indexes, after Federal Reserve Chair Janet Yellen indicated interest rates won’t increase anytime soon. Results of the European Central Bank’s first targeted-lending program showed a lower-than-forecast allotment of funds. The Frankfurt-based central bank said it allotted 82.6 billion euros ($106.5 billion) at a fixed interest rate of 0.15%. U.K. retail sales were up in 0.4% in August compared to the previous month and gained almost 4% year-on-year. Sales of household goods surged in August, jumping 12.7% when compared with the previous year. On the day’s result, British FTSE rose by 0.57%, CAC 40 (France) grew by 0.75%, DAX (Germany) has increased by 1.41%.
Octobers’ contractual price on Brent oil, decreased by $1.27 to $97.70 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened on neutral territory, day passed without certain dynamics. Value of the UX index has declined by 1.25% to 1044.21. Share trades capacity on the application market was equal to UAH 5 million. Trades capacity on the derivatives market was equal to UAH 2.9 million. Total trades capacity for yesterday — UAH 34.3 million.
From ten shares of an index basket, eight retreated. Leaders of growth were shares of Avdiivka Coke Plant (+3.60%). Worse than market looked shares of Azovstal Iron and Steel Works (-3.62%).
The gross external debt of Ukraine in the end of H1 2014 amounted to US $136.8 bn. The debt decreased by US 5.3 bn (3.7%) compared with the indicators in beginning of the year. The main factor for the decrease over the reported period was the reduction of volume of the external obligations in private sector by US $7.4 bn while the national debt has increased due to attraction of the official loans by the government. At that, in relation to the GDP the debt has increased from 78.1% to 81.8% in the beginning of the year. The volume of construction work in Ukraine, apart from the temporarily occupied territory of Crimea and Sevastopol city, in August 2014 was 37.1% lower than in August 2013, while in July 2014 the decline was 31% on July 2013, the State Statistics Service has said.
Premarket
External background at the opening is neutral. Germany's producer price index decreased by 0.1% on the month and fell 0.8% on the year in August, equaling the previous month's move. Energy prices were the main driver of the index. These fell by 0.2% on the month and were down 3.1% on the year.
The Asian indexes are growing today. Nikkei rose by 1.58%, Hong Kong Hang Seng increasing by 0.98%.
Futures on American indexes are growing today from 0.35% to 0.43%.
Russian indexes as of 10:00 AM are decreasing — MICEX decreasing by 0.84%, RTS lowers by 0.73%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published current account and net investment flow in the E.U. (11:00 AM).
In the U.S. will be published Conference Board's leading index (5:00 PM).
ITT Investment group
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