Last closure
On Tuesday, October 27, trades in USA have come to the end with growth, after corporate results topped estimates and consumer confidence surged as Federal Reserve officials start a two-day meeting. U.S. consumer confidence improved to the highest level in seven years in October, fuelling optimism over the health of the economy. In a report, the Conference Board, a market research group said its index of consumer confidence rose to 94.5 this month from a reading of 89.0 in September, whose figure was revised up from a previously reported 86.0. Analysts expected the index to fall to 87.0 in October. The Present Situation Index edged up from 93.0 to 93.7, while the Expectations Index increased sharply to 95.0 from 86.4 in September. U.S. durable goods orders, which include transportation items, decreased by a seasonally adjusted 1.3% last month, disappointing expectations for a gain of 0.5%. Orders for durable goods in August were revised to a decline of 18.3% from a previously reported drop of 18.4%. On the day’s result, index Dow Jones rose by 1.12%, S&P has increased by 1.19%, Nasdaq grew by 1.75%.
European stock exchanges closed with growth of main indexes, as U.S. consumer confidence surged to a seven-year high. Germany's import prices continued to decline in September. Import prices slid 1.6% year-on-year in September, which was slower than the 1.9% decrease seen in August. The index has declined in each consecutive month since January 2013. Italian manufacturing business confidence rose in October, for the first time since April, lifted by an improved climate outlook and better orders expectations. Confidence among Italy's manufacturers rose to 96.0 in October – its highest level since July – from 95.5 in September. Last month's figure was revised higher from an initial estimate of 95.1. On the day’s result, British FTSE rose by 0.61%, CAC 40 (France) grew by 0.39%, DAX (Germany) has increased by 1.86%.
Novembers’ contractual price on Brent oil, grew by $0.20 to $86.03 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 0.96% to 1137.45. Share trades capacity on the application market was equal to UAH 6.3 million. Trades capacity on the derivatives market was equal to UAH 8.4 million. Total trades capacity for yesterday — UAH 35.6 million.
From ten shares of an index basket, six have risen. Leaders of growth were shares of Azovstal Iron and Steel Works (+7.97%). Worse than market looked shares of Avdiivka Coke Plant (-2.55%).
According to the economic results of September, we believe that the GDP decline of Ukraine hit bottom, announced Minister of Finance Oleksandr Shlapak. “The GDP increased by around 4.5% in September compared to August,” added Shlapak, though admitting that it still decreased compared with September the previous year.
Premarket
External background at the opening is positive. Japan's industrial production rose 2.7% on month, above expectations for a 2.2% rise and up from a 1.9% decline in August, marking the fastest expansion since January.
The Asian indexes are growing today. Nikkei rose by 1.46%, Hong Kong Hang Seng increasing by 1.28%.
Futures on American indexes are growing today from 0.04% to 0.23%.
Russian indexes as of 10:00 AM are decreasing — MICEX decreasing by 0.77%, RTS lowers by 0.26%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In the U.S. will be published FOMC Meeting Announcement (8:00 PM).
ITT Investment group
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