Last closure
On Wednesday, November 12, trades in USA have come to the end with mixed dynamics, breaking a five-session streak of records. Wednesday was a slow day for U.S. economic news, and without major reports to give the market direction, strategists said investors paused to re-evaluate stocks after the latest rally. Oil prices continued to drop, prompting a 0.9% decline in the energy sector of the S&P 500. Crude-oil futures fell 1% to $77.18 a barrel, their lowest settling price since October 2011. Minneapolis Federal Reserve Bank President Narayana Kocherlakota, in a nearly identical repeat of an address made on Oct. 7 and again on Nov. 5, said on Wednesday that an interest-rate hike at any time in 2015 would be inappropriate because of the muted outlook for inflation. On the day’s result, index Dow Jones has declined by 0.02%, S&P has lowered by 0.07%, Nasdaq grew by 0.31%.
European stock exchanges closed with decrease of main indexes, as NATO said Russia sent troops and heavy weapons into Ukraine. NATO accused Russia of sending columns of troops and heavy weapons into Ukraine in the past two days, as the government in Kiev warned the nation’s eastern combat zone is close to returning to open war. Russia’s Defense Ministry denied the accusations, according to state-run RIA Novosti. Industrial production in the euro area rebounded by 0.6% in September, after August's gloomy 1.4% contraction, and previous data was revised upwards, but concerns over the continent's economic health continue to simmer. The BOE predicted Britain’s economy will expand 2.9% next year and 2.6% in 2016. That was down from estimates of 3.1% and 2.8%, respectively, in August. Short-sterling futures rose across maturities out to at least September 2020. On the day’s result, British FTSE has declined by 0.25%, CAC 40 (France) has decreased by 1.51%, DAX (Germany) has lowered by 1.69%.
Decembers’ contractual price on Brent oil, decreased by $1.29 to $80.38 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by decrease, day passed without certain dynamics. Value of the UX index has declined by 1.47% to 976.73. Share trades capacity on the application market was equal to UAH 9.9 million. Trades capacity on the derivatives market was equal to UAH 13 million. Total trades capacity for yesterday — UAH 42.6 million.
From ten shares of an index basket, nine retreated. Better than market looked shares of Avdiivka Coke Plant (+1.66%). Worse than market looked shares of Alchevsk Metallurgical Plant (-10.11%).
The European Investment Bank (EIB) in the second half of October approved the provision of a EUR 150 million financing to reconstruct the Urengoi-Pomary-Uzhgorod gas pipeline used to supply Russian gas to Europe by the Ukrainian gas transport system operator Ukrtransgaz.
Premarket
External background at the opening is neutral. Industrial output in China rose 7.7% in October from a year earlier, slowing from an 8.0% on-year increase in September, the National Bureau of Statistics said, reflecting the continued headwinds faced by the Chinese economy. The National Bank of Ukraine, the country’s central bank has raised interest rates from 12.5% to 14.0% as of today. Ukraine is also crippled by rampant inflation with consumer prices rising an eye-watering 19.8% in October compared to 0.5% in January.
The Asian indexes are growing today. Nikkei rose by 1.14%, Hong Kong Hang Seng increasing by 0.33%.
Futures on American indexes are growing today from 0.24% to 0.28%.
Russian indexes as of 10:06 AM are showing mixed dynamics — MICEX increasing by 0.38%, RTS lowers by 0.90%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published ECB monthly report (11:00 AM).
In the U.S. will be published initial jobless claims (3:30 PM) and JOLTs job openings (5:00 PM).
ITT Investment group
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