Last closure
On Monday, November 3, trades in USA have come to the end with mixed dynamics, as energy companies dropped with the price of oil after Saudi Arabia cut the cost of crude sent to American customers. The Institute for Supply Management said that its main gauge of the factory sector climbed to 59.0 in October from 56.6 in September. The improvement sent the index back to its August level, which was the highest since March 2011. A reading above 50 indicates expanding activity. American manufacturers reported an acceleration in new orders last month, while production edged up to its highest level since May 2004. The numbers suggest the U.S. economy is growing at above a 3% annualized rate at the start of the fourth quarter after a 3.5% gain in the third quarter. A slowdown in Chinese manufacturing highlighted diverging growth outlooks for America, Asia and Europe. The Chinese government’s Purchasing Managers’ Index released over the weekend was at 50.8 in October, trailing the 51.2 median estimate and compared with September’s 51.1. On the day’s result, index Dow Jones has declined by 0.14%, S&P has lowered by 0.01%, Nasdaq grew by 0.18%.
European stock exchanges closed with decrease of main indexes. The eurozone's manufacturing activity expanded in October, but the final figure was revised modestly down from the initial flash figures and remains dangerously weak as the eurozone flirts with yet another economic recession. The purchasing managers' index (PMI) for manufacturing edged up to 50.6 last month, from 50.3 in September and beating analyst expectations for a reading of just 49.9, but the final figure was down from the flash 50.7 estimate. Anything above 50 indicates an expansion of manufacturing activity. According to individual country surveys released earlier today, Ireland's manufacturing PMI rose to 56.6 last month, Spain stayed at 52.6, and France's was revised up to 48.5. But Italy's slipped from expansion into a contractionary 49, and Germany's was revised down modestly to 51.4, from an initial reading of 51.8. On the day’s result, British FTSE has declined by 0.89%, CAC 40 (France) has decreased by 0.92%, DAX (Germany) has lowered by 0.81%.
Decembers’ contractual price on Brent oil, decreased by $1.08 to $84.78 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 2.11% to 1090.85. Share trades capacity on the application market was equal to UAH 8.5 million. Trades capacity on the derivatives market was equal to UAH 8.3 million. Total trades capacity for yesterday — UAH 35.6 million.
All ten shares of an index basket retreated. Worse than market looked shares of Enakievo Metallurgical Plant (-4.86%), Donbasenergo (-4.54%) and Alchevsk Metallurgical Plant (-4.47%). The fall of gross domestic product (GDP) in Ukraine in January-September 2014 was 3.5%, Head of the National Bank of Ukraine (NBU) Valeriya Gontareva has told reporters, with reference to the NBU assessment. Verkhovna Rada Speaker Oleksandr Turchynov has said that the elections held in the self-proclaimed Donetsk and Luhansk People's Republics are a sign of the Russian side's reluctance to implement the Minsk agreements and that the only option to defend Ukraine's territorial integrity is to raise the level of defense capability.
Premarket
External background at the opening is neutral.
The Asian indexes are showing mixed dynamics today. Nikkei rose by 2.73%, Hong Kong Hang Seng declining by 0.20%.
Futures on American indexes are decreasing today from 0.09% to 0.16%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published construction PMI in the U.K. (11:30 AM).
In the U.S. will be published trade balance (3:30 PM) and factory orders (5:00 PM).
ITT Investment group
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