Last closure
On Friday, December 12, trades in USA have come to the end with decrease, as investors worried that slumping oil demand is signaling that growth outside of the U.S. is weaker. While consumers and airlines will benefit from lower fuel prices, energy companies will see their earnings suffer. Some may even go out of business. The Fed’s preferred measure of inflation has also fallen short of its 2% goal for 30 consecutive months, even as the central bank inundated the U.S. economy with almost $4 trillion of cheap cash since the financial crisis with its bond-buying program known as quantitative easing. The preliminary reading on December consumer confidence from the University of Michigan came in at 93.8. This is the highest reading for the index since January 2007. Expectations were for the reading to come in at 89.5, up from the 88.8 reading in November that marked a seven-year high for the index. On the day’s result, index Dow Jones has declined by 1.79%, S&P has lowered by 1.62%, Nasdaq has decreased by 1.16%.
European stock exchanges closed with decrease of main indexes. Posting their biggest weekly drop in over three years yesterday amid tumbling oil prices and a rout of Greek stocks. European energy companies slumped to their lowest level since April 2009 and commodity producers had their worst week since May 2012. In Greece, anxiety that voters will kick out leaders committed to the nation's bailout sent the ASE Index down 20pc, making it this year's worst performing equity market after Russia. The European Union's statistics agency said Friday production by factories, mines and utilities during October was up 0.1% from September, and 0.7% from the same month in 2013. That was a smaller rise than economists had expected, since the median forecast last week was for an increase of 0.2% on the month. Eurostat also said Friday that the number of people in work rose by 0.2% in the third quarter, down from the 0.3% rate of increase recorded for the three months to June.
On the day’s result, British FTSE has declined by 2.49%, CAC 40 (France) has decreased by 2.77%, DAX (Germany) has lowered by 2.72%.
Januarys’ contractual price on Brent oil, decreased by $1.83 to $61.85 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by growth, day passed without certain dynamics. Value of the UX index has declined by 0.88% to 934.86. Share trades capacity on the application market was equal to UAH 3.4 million. Trades capacity on the derivatives market was equal to UAH 3.6 million. Total trades capacity for yesterday — UAH 20.6 million.
From ten shares of an index basket, three have risen. Leaders of growth were shares of Alchevsk Metallurgical Plant (+2.04%). Worse than market looked shares of Raiffeisen Bank Aval (-3.61%). Fitch Ratings Agency predicts continuation of the crisis in the banking sector of Ukraine in 2015, as the agency reported. Fitch Ratings noted that the banking system of Ukraine is experiencing considerable stress as a result of the crisis in the country. The agency expects that the conditions of the activity will remain very difficult in 2015 and in the long term, that is reflected in the negative forecast for the sector.
Premarket
External background at the opening is neutral.
The Asian indexes are decreasing today. Nikkei has lowered by 1.57%, Hong Kong Hang Seng declining by 1.04%.
Futures on American indexes are growing today from 0.38% to 0.48%.
Russian indexes as of 10:00 AM are showing mixed dynamics — MICEX increasing by 0.97%, RTS lowers by 0.92%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published CBI industrial trends orders in the U.K. (1:00 PM).
In the U.S. will be published NY empire state manufacturing index (3:30 PM) and industrial production (4:15 PM).
ITT Investment group
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