Last closure
On Monday, November 17, trades in USA have come to the end with mixed dynamics, as concern over Japan’s recession offset corporate deals. Japan unexpectedly sank into a recession last quarter as it struggled to cope with April’s sales-tax increase. The world’s third-largest economy shrank an annualized 1.6%, after a revised slump of 7.3% in the previous three months. That missed projections for a 2.2% gain in the third quarter. New York business conditions recovered slightly this month, the Empire State's business conditions index rose to 10.16 in November after falling steeply to 6.17 in October. The index had been at 27.54 in September, which was the highest reading since late 2009. Economists had expected the latest index to recover to 10.5. A reading above zero indicates expansion. The Federal Reserve Industrial Production & Capacity Utilization report shows a -1.0% decline in industrial production for October and September was revised down to 0.8% growth. Manufacturing alone grew by 0.2%, but utilities dropped by -0.7% after last month's large gain. Mining also decreased by almost a percentage point, -0.9%. On the day’s result, index Dow Jones rose by 0.07%, S&P has increased by 0.07%, Nasdaq has decreased by 0.37%.
European stock exchanges closed with growth of main indexes, after Mario Draghi said the European Central Bank’s expanded purchase program could include government bonds. A pickup in manufacturing is needed to help bolster the expansion, now in its sixth year, as global growth from Europe and Japan to emerging markets cools. Rising consumer confidence and the drop in gasoline prices are brightening the outlook for holiday sales, indicating factories will get a lift in the next few months. Mario Draghi presented European lawmakers with a list of policy resolutions for 2015, and said an expanded purchase program to help stimulate the economy could include government bonds. The European Central Bank president used his final quarterly testimony of 2014 to the European Parliament to call for political action that complements monetary policy, insisting his institution alone can’t fix the region’s economy. The eurozone's trade balance jumped to record €17.7bn in September, outpacing expectations as exports jumped even as imports rose gently. The seasonally-adjusted trade balance rose from €15.4bn in August and surpasses the previous record of €17.6bn touched in March 2013 and comfortably exceeded economists' median expectation for a €16bn reading. On a non-seasonally adjusted basis, the surplus more than doubled to €18.5bn. On the day’s result, British FTSE rose by 0.26%, CAC 40 (France) grew by 0.56%, DAX (Germany) has increased by 0.58%.
January’s contractual price on Brent oil, decreased by $0.10 to $79.31 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened on neutral territory, day passed with negative dynamics. Value of the UX index has declined by 2.67% to 963.07. Share trades capacity on the application market was equal to UAH 5.3 million. Trades capacity on the derivatives market was equal to UAH 6.8 million. Total trades capacity for yesterday — UAH 37 million.
From ten shares of an index basket, nine retreated. Better than market looked shares of Centerenergo (+0.07%). Worse than market looked shares of Enakievo Metallurgical Plant (-8.74%) and Azovstal Iron and Steel Works (-6.77%).
Ukraine's Cabinet of Ministers has put the public joint-stock company Centrenergo and Odesa and Kherson combined heat power plants on the list of state-owned facilities of the fuel and energy complex, which will be put up for sale. As of November 17, the national debt amounted to UAH 233.327 bn or US $14.41 bn (in particular, UAH 152.441 bn or US $9.42 bn of internal debt and UAH 80.885 bn or US $5 bn of external debt), which is UAH 20.835 bn or US $1.29 bn less than the planned indicator.
Premarket
External background at the opening is negative.
The Asian indexes are showing mixed dynamics today. Nikkei rose by 2.18%, Hong Kong Hang Seng declining by 1.27%.
Futures on American indexes are growing today from 0.02% to 0.10%.
Russian indexes as of 10:00 AM are showing mixed dynamics — MICEX decreasing by 0.32%, RTS growing by 0.50%.
Our expectations
We expect opening of the Ukrainian market by decrease.
In Europe will be published ZEW Economic Sentiment in Germany and in the E.U. (12:00 AM).
In the U.S. will be published producer price index (3:30 PM).
Minneapolis Federal Reserve Bank President Narayana Kocherlakota speech on clarifying monetary policy objectives will start at 8:30 PM.
ITT Investment group
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