Last closure
On Friday, September 26, trades in USA have come to the end with growth, as data showed economic growth. The U.S. economy expanded in the second quarter at the fastest rate since the last three months of 2011 as companies stepped up investment and households boosted spending. GDP showed the economy expanded at a 4.6% annual rate. GDP was previously estimated to have advanced at a 4.2% rate in the second quarter. The economy contracted at a 2.1% pace in the first quarter. The University of Michigan said Friday that its index of consumer sentiment rose to 84.6 in September from 82.5 in August. That’s the second highest level in the past seven years, although the index has rarely topped 85 since the Great Recession. Before the downturn, it typically stood above 90. The typical household expects its incomes to increase 1.1%, the most since late 2008, the Michigan survey found. More optimism about wage gains could also drive more spending. On the day’s result, index Dow Jones rose by 0.99%, S&P has increased by 0.86%, Nasdaq grew by 1.02%.
European stock exchanges closed with mixed dynamics of main indexes. German market research group GfK reported Friday that German consumers increasingly feared geopolitical tensions might hurt the country's economy. Consumers' slumping moods, GfK said, were reflected by a fall in its forward-looking Consumer Confidence Index from 8.6 points in September to 8.3 points in October. French consumer confidence was unchanged in September. The monthly survey recorded a consumer confidence reading of 86 in September, the same level as in August. That reading is well below the long-term average of 100. Italian manufacturing business confidence fell to its lowest level in more than a year in September. Confidence among Italian manufacturers slipped to 95.1 in September from 95.4 in August, a figure revised lower from an initial estimate of 95.7. On the day’s result, British FTSE rose by 0.15%, CAC 40 (France) grew by 0.91%, DAX (Germany) has lowered by 0.20%.
Octobers’ contractual price on Brent oil, remained unchanged at $97.00 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by decrease, day passed without certain dynamics. Value of the UX index has increased by 0.11% to 1090.50. Share trades capacity on the application market was equal to UAH 6.4 million. Trades capacity on the derivatives market was equal to UAH 4.1 million. Total trades capacity for yesterday — UAH 34.3 million.
From ten shares of an index basket, five declined. Leaders of growth were shares of Enakievo Metallurgical Plant (+3.36%). Worse than market looked shares of Azovstal Iron and Steel Works (-0.85%).
The European Union, Ukraine and Russia have reached preliminary agreement on securing gas supplies this winter. Ukraine should transfer $2 billion to Russia's OAO Gazprom by the end of October as payment for previously delivered gas, and another $1.1 billion by the end of the year. The European Commission will ask the International Monetary Fund to provide necessary guarantees to Ukraine. Ukraine's Minister of Energy and Coal Industry Yuriy Prodan said that Ukraine still opposes the fact that the price of $385 per 1,000 cubic meters is the result of the Russian government's decision to abolish export duties.
Premarket
External background at the opening is neutral.
The Asian indexes are showing mixed dynamics today. Nikkei rose by 0.50%, Hong Kong Hang Seng declining by 1.94%.
Futures on American indexes are decreasing today from 0.33% to 0.34%.
Russian indexes as of 10:00 AM are showing mixed dynamics — MICEX increasing by 0.44%, RTS lowers by 0.17%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published consumer confidence in the E.U. (12:00 AM) and consumer price index in Germany (3:00 PM).
In the U.S. will be published personal income and outlays (3:30 PM), pending home sales index (5:00 PM) and Dallas Fed MFG survey (5:30 PM).
ITT Investment group
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