Last closure
On Monday, December 15, trades in USA have come to the end with decrease, as an unabated fall in oil prices continued to erode investor confidence. U.S. manufacturing output recorded its largest increase in nine months in November as production expanded across the board, pointing to underlying strength in the economy. Factory production increased 1.1% last month after an upwardly revised 0.4% advance in October. Economists had forecast manufacturing output rising by only 0.5% in November after a previously reported 0.2% gain in October. Manufacturing activity in New York state contracted for the first time in nearly two years, a New York Federal Reserve survey showed on Monday. The New York Fed's Empire State general business conditions index fell to -3.58 in December from November's 10.16 reading, falling to negative territory for the first time since January 2013. Economists polled by Reuters had expected a reading of 12.4 this month. On the day’s result, index Dow Jones has declined by 0.58%, S&P has lowered by 0.63%, Nasdaq has decreased by 1.04%.
European stock exchanges closed with decrease of main indexes, after data showed a decline in manufacturing for the New York area and oil prices resumed a decline. A gauge of European energy companies resumed a slump after earlier rising as much as 2.8%. Total SA lost 2.8%, while BP Plc declined 3.2% and Royal Dutch Shell Plc slid 2.3%. The Confederation of British Industry's Industrial Trends Survey showed that total orders came in at +5 in December. Export orders slowed declines to -13 from -17 in November. Volume of output for the last 3 months declined to +13 from +15 in November, however it is expected that output over the next 3 months will rise to +16 from +12. On the day’s result, British FTSE has declined by 1.87%, CAC 40 (France) has decreased by 2.52%, DAX (Germany) has lowered by 2.72%.
Januarys’ contractual price on Brent oil, decreased by $0.79 to $61.06 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 3.11% to 963.97. Share trades capacity on the application market was equal to UAH 13.6 million. Trades capacity on the derivatives market was equal to UAH 14.2 million. Total trades capacity for yesterday — UAH 48.4 million.
From ten shares of an index basket, eight have risen. Leaders of growth were shares of Azovstal Iron and Steel Works (+8.1%) and Krukivsky Carriage Works (+4.16%). Worse than market looked shares of Ukrnafta (-0.11%).
Gazprombank has demanded early repayment of a loan of $842.5 million to Dmytro Firtash's Ostchem. In connection with the inability of Ostchem Holding Ltd to uphold its commitments to Gazprombank under their agreement on a loan of $842.5 million, the bank is compelled to declare the loan and accumulated interest subject to immediate repayment, the statement says.
Premarket
External background at the opening is negative. The flash HSBC/Markit China manufacturing purchasing managers' index slipped to 49.5 from a final reading of 50 in November, contracting for the first time in seven months. The 50-point level separates growth from contraction. The Asian indexes are decreasing today. Nikkei has lowered by 2.11%, Hong Kong Hang Seng declining by 1.39%.
Futures on American indexes are slightly growing today from 0.07% to 0.14%.
Russian indexes as of 10:00 AM are showing mixed dynamics — MICEX decreasing by 1.25%, RTS growing by 0.51%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published Manufacturing PMI in France (10:00 AM) in Germany (10:30 AM) and data in the E.U. (11:00 AM). Also will be published ZEW economic sentiment of Germany and E.U. (12:00 PM).
In the U.S. will be published building permits (3:30 PM) and housing starts (3:30 PM).
ITT Investment group
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