Last closure
On Tuesday, December 8, trades in USA have come to the end with mixed dynamics, as global economic concerns weighed on the markets. U.S. stocks initially followed global markets lower as Chinese markets plummeted and Greece saw one of its worst trading days in decades. According to the new Job Openings and Labor Turnover Survey, US employers had 4.834 million job openings in October. This was up from 4.685 million in September, and it was higher than the 4.795 million expected by economists. U.S. retail sales 1.3% during the first week of December, compared with the comparable period in November. The Johnson Redbook Sales Index also showed seasonally adjusted sales for the period improved 3.9% from a year earlier, compared with a revised target for a increase of 4.8%. On the day’s result, index Dow Jones has declined by 0.29%, S&P has lowered by 0.02%, Nasdaq grew by 0.54%.
European stock exchanges closed with decrease of main indexes, as Greece’s benchmark index posted its biggest drop since 1987 amid investor concern over elections. Greece’s ASE Index slid 13% as the government announced that voting for a new president will begin next week. Prime Minister Antonis Samaras will have to rely on opposition votes to push through his pick for the mainly ceremonial post. Without their support, his government could fall, risking parliamentary elections in Europe’s most indebted state as early as January. Manufacturing production in the U.K. fell for the first time in five months in October, while industrial output also declined. Manufacturing production decreased by a seasonally adjusted 0.7% in October, disappointing expectations for a gain of 0.2%. On the day’s result, British FTSE has declined by 2.14%, CAC 40 (France) has decreased by 2.55%, DAX (Germany) has lowered by 2.21%.
Januarys’ contractual price on Brent oil, grew by $0.65 to $66.84 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by growth, day passed with negative dynamics. Value of the UX index has declined by 2.03% to 958.97. Share trades capacity on the application market was equal to UAH 5 million. Trades capacity on the derivatives market was equal to UAH 4.2 million. Total trades capacity for yesterday — UAH 27.4 million.
All ten shares of an index basket declined. Worse than market looked shares of Ukrnafta (-5.99%) and Alchevsk Metallurgical Plant (-5.88%).
The Group of Seven nations, or G7, are discussing a new financial package for Ukraine which could amount to some $4 billion, The Wall Street Journal reported with reference to several officials familiar with the discussions. The discussions on the new package of assistance picked up in recent days as Kyiv's financial situation has deteriorated. This issue was on the agenda of a meeting of finance ministry officials from most G7 countries on December 4, one of the officials said.
Premarket
External background at the opening is moderately positive. China's year-on-year consumer price inflation (CPI) rate fell to a five-year low increasing deflation risks, but also boosting expectations that the world's second largest economy will further ease rates to shore up demand in the real economy. The CPI rate came in at 1.4% from a year earlier in November, its lowest since late 2009, while the monthly rate dropped to the negative zone for the fourth time this year and hitting an 8-month low of -0.2%. The Asian indexes are showing mixed dynamics today. Nikkei has lowered by 2.25%, Hong Kong Hang Seng increasing by 0.07%.
Futures on American indexes are decreasing today from 0.01% to 0.08%.
Russian indexes as of 10:00 AM are rising — MICEX increasing by 0.99%, RTS growing by 0.92%.
Our expectations
We expect opening of the Ukrainian market by moderate growth.
In Europe will be published trade balance in the U.K. (11:30 AM).
In the U.S. will be published federal budget balance (9:00 PM).
ITT Investment group
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