Last closure
On Thursday, December 11, trades in USA have come to the end with growth. Oil’s collapse into a bear market has been exacerbated as Saudi Arabia, Iraq and Kuwait, OPEC’s three largest members, offered the deepest discounts on exports to Asia in at least six years. The United States economy is firing on all cylinders as the year comes to a close. Total retail sales rose 0.7% in November, as holiday shopping began, and that came despite a sharp tumble in gasoline prices that reduced the dollar value of sales at gas stations by 0.8%. Analysts had expected a rise of only 0.4%. Jobless claims decreased by 3,000 to 294,000 in the week ended Dec. 6. The median forecast called for first-time applications to hold at the prior week’s 297,000. Claims have been below 300,000 for 12 of the past 13 weeks. On the day’s result, index Dow Jones rose by 0.36%, S&P has increased by 0.45%, Nasdaq grew by 0.52%.
European stock exchanges closed with mixed dynamics of main indexes. The European Central Bank is expected to continue with their low interest policy until the end of 2016, and through an ongoing asset purchase scheme, it is estimated by Fitch that their balance sheet will reach the €3 trillion mark. Quantitative easing is not anticipated to be accelerated, and will only be turned to if growth returns continue to be disappointing, or if there is a risk of deflation. Greece’s ASE Index slid 7.4%, posting the biggest three-day slump since 1987, amid concern a possible snap parliamentary election would open the door to anti-austerity leadership. On the day’s result, British FTSE has declined by 0.59, CAC 40 (France) has decreased by 0.05%, DAX (Germany) has increased by 0.64%.
Januarys’ contractual price on Brent oil, decreased by $0.56 to $63.68 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened on neutral territory, day passed without certain dynamics. Value of the UX index has increased by 1.17% to 943.18. Share trades capacity on the application market was equal to UAH 4.2 million. Trades capacity on the derivatives market was equal to UAH 7.1 million. Total trades capacity for yesterday — UAH 29.7 million.
From ten shares of an index basket, six have risen. Leaders of growth were shares of Donbasenergo (+3.89%). Worse than market looked shares of Avdiivka Coke Plant (-3.11%).
Ukraine's Finance Minister denies threat of default. The financial situation is difficult, but there is no threat of default now, Ukraine's Minister of Finance Natalie Jaresko has assured. We have not default and even not pre-default state. Today this issue is not even discussed in the government, she said.
Premarket
External background at the opening is neutral. Chinese industrial production rose 7.2% on year in November, below expectations for a 7.5% increase in a Reuters poll and down from October's 7.7% rise. Meanwhile, retail sales rose 11.7% on year, above expectations for an 11.5% rise. The Asian indexes are showing mixed dynamics today. Nikkei rose by 0.66%, Hong Kong Hang Seng declining by 0.08%.
Futures on American indexes are changing today from -0.15% to +0.22%.
Russian indexes as of 10:00 AM are decreasing — MICEX decreasing by 0.51%, RTS lowers by 2.68%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In the EU will be published Industrial Production (12:00 AM).
In the U.S. will be published PPI (3:30 PM) and Michigan consumer expectations (4:55 PM).
ITT Investment group
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