Last closure
On Tuesday, December 16, trades in USA have come to the end with decrease, as U.S. benchmarks were buffeted by moves in oil prices and developments in Russia for much of the session. The numbers from the U.S. Dept. of Housing and Urban Development fell short of expectations of economists. Nationally, the number of permits issued fell to 1.035 million from a revised October rate of 1.092 million. In November of last year, the number was 1.037 million. Meanwhile, housing starts were down to an annual rate of 1.028 million, from 1.045 million in October and 1.105 million in November 2013. The U.S. manufacturing sector continued to expand in December but its growth rate hit an 11-month low. Financial data firm Markit said its preliminary or flash U.S. Manufacturing Purchasing Managers Index fell to 53.7 in December, matching the 2014 January low when severe weather impacted economic activity. Economists had expected the December reading at 55.2, which compares to November's 54.8 final reading. On the day’s result, index Dow Jones has declined by 0.65%, S&P has lowered by 0.85%, Nasdaq has decreased by 1.24%.
European stock exchanges closed with growth of main indexes, snapping six days of losses. Business activity in the euro zone grew more than expected in December, according to a key economic survey, although the rate of expansion remained weak. Euro zone December flash composite purchasing manager's index came in at 51.7, just above analyst forecasts of 51.5 and November's final reading of 51.1. A reading above 50 indicates that the sector has grown. France's composite PMI reading came in better than forecast, rising to 49.1 in December, from 47.9 last month. However, in Germany, more upbeat manufacturing figures were countered by declining growth in the services sector. Its composite PMI fell to 51.4 in December from 51.7 in November. The ZEW Institute's economic sentiment index for Germany in December shot up to 34.9 points, from 11.5 in November and above analyst expectations of 20. On the day’s result, British FTSE rose by 2.41%, CAC 40 (France) grew by 2.19%, DAX (Germany) has increased by 2.46%.
Januarys’ contractual price on Brent oil, decreased by $1.20 to $59.86 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 0.76% to 971.30. Share trades capacity on the application market was equal to UAH 6.7 million. Trades capacity on the derivatives market was equal to UAH 8.6 million. Total trades capacity for yesterday — UAH 35.7 million.
From ten shares of an index basket, five have risen. Leaders of growth were shares of Donbasenergo (+4.53%). Worse than market looked shares of Krukivsky Carriage Works (-2.48%). Ukraine has lost 20% of its economic potential because of Russian aggression.
In Ukraine the turnover of retail enterprises decreased by 7.5% at constant prices over eleven months (January-November) compared with the corresponding period 2013, reported the State Statistics Service. Thus, in nominal terms retail turnover amounted to UAH 811.057 bn (US $49.07 bn) for the reported period.
Premarket
External background at the opening is negative.
The Asian indexes are showing mixed dynamics today. Nikkei rose by 0.38%, Hong Kong Hang Seng declining by 0.28%.
Futures on American indexes are growing today from 0.36% to 0.40%.
Russian indexes as of 10:01 AM are showing mixed dynamics — MICEX decreasing by 1.60%, RTS growing by 6.20%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published claimant count change in the U.K. (11:30 AM) and CPI in the E.U. (12:00 AM).
In the U.S. will be published core CPI (3:30 PM) and FOMC economic projections (9:00 PM).
ITT Investment group
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