Last closure
On Thursday, November 13, trades in USA have come to the end with growth, as better-than-estimated results from Wal-Mart Stores Inc. and corporate deals overshadowed losses in small caps and energy shares. The number of new claims for jobless benefits rose last week, but extended their sub-300,000 run for the longest stretch since 2000. Initial claims for unemployment benefits increased by 12,000 to a seasonally adjusted 290,000 in the week ended Nov. 8, the Labor Department said Thursday. The growing globalization of financial markets requires the Federal Reserve to understand how economic developments in other nations may affect the U.S. economy, Federal Reserve Chair Janet Yellen said Thursday. Yellen said the Fed needs better insights into things such as global capital flows to achieve its domestic objectives of maximum employment and price stability. Wal-Mart rose 4.7% to $82.94 for its best day since 2008 and the biggest gain in the Dow. The world’s largest retailer also said U.S. same-store sales grew for the first time in seven quarters. On the day’s result, index Dow Jones rose by 0.23%, S&P has increased by 0.05%, Nasdaq grew by 0.11%.
European stock exchanges closed with growth of main indexes, after intraday drop led by energy producers and utilities. Annual rate of inflation in Germany was unchanged at 0.8% in October, but prices actually fell 0.3% from a month earlier. A separate report showed that the annual rate of inflation in France, the euro area's second largest economy, rose to 0.5% last month, up from 0.3% in September and ahead of forecasts for 0.4%. On a month-over-month basis prices were flat. In Spain, data showed that the consumer price index fell 0.1% in October from a year earlier, continuing a period of price declines. On a monthly basis, consumer prices ticked up 0.5% from 0.2% in September. The data underlined concerns over persistently low levels of inflation in the euro area. The European Central Bank targets an inflation rate of close to, but just below 2%. On the day’s result, British FTSE rose by 0.37%, CAC 40 (France) grew by 0.19%, DAX (Germany) has increased by 0.41%.
Decembers’ contractual price on Brent oil, decreased by $2.46 to $77.92 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 1.63% to 960.78. Share trades capacity on the application market was equal to UAH 6.8 million. Trades capacity on the derivatives market was equal to UAH 10.6 million. Total trades capacity for yesterday — UAH 42.3 million.
From ten shares of an index basket, seven retreated. Leaders of growth were shares of Ukrnafta (+6.03%) and Avdiivka Coke Plant (+5.37%). Worse than market looked shares of Alchevsk Metallurgical Plant (-6.51%) and Enakievo Metallurgical Plant (-3.80%).
The National Bank of Ukraine on Thursday, November 13, strengthened the official exchange rate of the hryvnia against the U.S. dollar by 18 kopecks, to UAH 15.56/$1. Ukraine has received the second and third tranches of the EU macro-financial assistance in the amount of EUR 260 million and expecting the next tranche of up to EUR 250 million in February 2015 on the results of fulfilling the terms of the Stand-By Arrangement with the International Monetary Fund and the terms of credit cooperation with the EU, according to the Ministry of Finance. The ministry said that the rate of the loan received is 1.375% per annum, the maturity date is October 4, 2024.
Premarket
External background at the opening is neutral. German GDP grew by a measly 0.1% in the third quarter of 2014, having contracted in the previous quarter. That’s broadly in line with expectations, and means that Europe’s largest economy has avoided the humiliation of a technical recession. French gross domestic product expanded 0.3% following zero growth in the first quarter and a contraction of 0.1% in the second quarter. The Asian indexes are growing today. Nikkei rose by 0.56%, Hong Kong Hang Seng increasing by 0.21%.
Futures on American indexes are growing today from 0.18% to 0.24%.
Russian indexes as of 10:00 AM are showing mixed dynamics — MICEX increasing by 0.45%, RTS lowers by 1.60%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published data on CPI and GDP in the E.U. (12:00 AM).
In the U.S. will be published retail sales (3:30 PM) and Michigan consumer sentiment/expectations (4:55 PM).
ITT Investment group
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