Last closure
On Monday, September 29, trades in USA have come to the end with decrease, as unrest in Hong Kong added to geopolitical uncertainty and American spending data sparked rate concern. Consumer spending in the U.S. rebounded in August as job gains encouraged households to loosen their purse strings, as the Federal Reserve assesses data to determine the timing for higher interest rates. Protesters in Hong Kong pledged to continue demonstrations unless the city’s top official steps down, while Ukraine’s army suffered its worst day of losses since a cease-fire began. Consumer spending rose a seasonally adjusted 0.5% in August from a month earlier and personal income rose 0.3%, putting the U.S. economy on track for solid growth in the third quarter that ends on Tuesday. Spending in August rose 4.1% from a year earlier, slightly faster than the pace seen in prior months. Personal income, which includes government benefits like Medicare and Medicaid, rose 4.3% over that period. An index of pending sales of existing homes, reflecting purchases under contract but not yet closed, fell 1% to 104.7 in August from July. Economists had forecast the index would be unchanged. On the day’s result, index Dow Jones has declined by 0.25%, S&P has lowered by 0.25%, Nasdaq has decreased by 0.14%.
European stock exchanges closed with decrease of main indexes, with HSBC Holdings Plc weighing on the benchmark index amid pro-democracy protests in Hong Kong. Economic confidence within the euro area diminished in September. An index of executive and consumer sentiment slipped to 99.9 from 100.6 in August. That’s the lowest since November. German annual inflation was unchanged from the previous month at 0.8% in September, as expected. On a monthly basis German CPI remained flat at 0%, against forecasts of dropping 0.1%. Year-over-year German HICP remained at 0.8%, above forecasts of +0.7%. Month-on-month HICP was steady at 0%, against expectations of -0.1%. On the day’s result, British FTSE has declined by 0.04%, CAC 40 (France) has decreased by 0.83%, DAX (Germany) has lowered by 0.71%.
Octobers’ contractual price on Brent oil, grew by $0.20 to $97.20 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 1.57% to 1073.37. Share trades capacity on the application market was equal to UAH 4.2 million. Trades capacity on the derivatives market was equal to UAH 3.3 million. Total trades capacity for yesterday — UAH 26.7 million.
All ten shares of an index basket retreated. Worse than market looked shares of Avdiivka Coke Plant (-4.99%) and Donbasenergo (-3.40%).
The there is a tentative arrangement to hold the next meeting in the Russia-Ukraine-European Commission format on issues relating to the transit and supply of gas to Ukraine this coming Thursday-Friday, Russian Energy Minister Alexander Novak told reporters on Monday. He added that the meeting will be held in Berlin.
Premarket
External background at the opening is neutral. The HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, was unchanged at a final reading of 50.2 in September from 50.2 in August. Japanese industrial production unexpectedly fell 1.5% in August, a sign that output following a sales tax increase may be weaker than previously forecast amid tepid demand at home and abroad. The decrease in output after adjustment for seasonal factors came after a 0.4% rise in July. The Asian indexes are decreasing today. Nikkei has lowered by 0.84%, Hong Kong Hang Seng declining by 1.16%.
Futures on American indexes are slightly growing today from 0.06% to 0.10%.
Russian indexes as of 10:00 AM are rising — MICEX increasing by 0.09%, RTS growing by 0.21%.
Our expectations
We expect opening of the Ukrainian market decrease.
In Europe will be published German unemployment change (10:55 AM), GDP in the U.K. (11:30 AM) and data on CPI in the E.U. (12:00 AM).
In the U.S. will be published Chicago PMI (4:45 PM) and CB Consumer Confidence (5:00 PM).
ITT Investment group
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