Last closure
On Wednesday, December 17, trades in USA have come to the end with growth, after the Federal Reserve retained its pledge to keep interest rates low for a “considerable time.” Many investors had for some time expected the Fed to signal a more determined path toward raising interest rates next year by removing language from its monetary-policy statement that it intended to keep rates low for a “considerable time.” Instead, the Fed said officials believe the central bank “can be patient,” adding that new description of their stance was “consistent” with past assurances that rates would stay low for a “considerable time.” U.S. consumer prices recorded their biggest drop in nearly six years in November as gasoline prices tumbled, but this probably will do little to change views the Federal Reserve will start raising interest rates in mid-2015. The Labor Department said on Wednesday its Consumer Price Index fell 0.3% last month, the largest decline since December 2008, after being flat in October. On the day’s result, index Dow Jones rose by 1.69%, S&P has increased by 2.04%, Nasdaq grew by 2.12%.
European stock exchanges closed with mixed dynamics of main indexes, as gains in commodity producers and energy companies offset a decline in banks. Eurozone inflation remains at low levels, and there were no surprises as Eurozone CPI dipped to 0.3% in November, down from 0.4% a month earlier. Persistent efforts from the ECB have not improved matters, and the danger of deflation has risen with the crash in oil prices. Germany, the locomotive of the Eurozone, has not been immune to weak inflation, with German Final CPI coming in at a flat 0.0% in November. Total climbed 3.5% and Shell added 2.9% as a gauge of energy shares posted its biggest two-day jump since October 2011 after slumping to a five-year low. On the day’s result, British FTSE rose by 0.07%, CAC 40 (France) grew by 0.46%, DAX (Germany) has lowered by 0.20%.
Januarys’ contractual price on Brent oil, decreased by $0.06 to $59.80 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by growth, day passed with positive dynamics. Value of the UX index has increased by 2.97% to 1000.16. Share trades capacity on the application market was equal to UAH 4.6 million. Trades capacity on the derivatives market was equal to UAH 14.2 million. Total trades capacity for yesterday — UAH 36.5 million.
All ten shares of an index basket have risen. Leaders of growth were shares of Enakievo Metallurgical Plant (+13.64%) and Avdiivka Coke Plant (+9.46%).
The Cabinet of Ministers of Ukraine expects that the tax and budget package will be approved by the Ukrainian parliament on December 25, 2015, which gives chances to Ukraine to receive a new disbursement of $3 billion from the International Monetary Fund in early January 2014. Ukraine’s government will pass fresh budget cuts and economic overhauls in the coming weeks in a bid to secure a broad new package of international assistance. Kyiv hoped to receive another installment of loans from the International Monetary Fund early next month, Finance Minister of Ukraine Natalie Jaresko said.
Premarket
External background at the opening is positive.
The Asian indexes are growing today. Nikkei rose by 2.32%, Hong Kong Hang Seng increasing by 1.08%.
Futures on American indexes are growing today from 0.44% to 0.49%.
Russian indexes as of 10:00 AM are rising — MICEX increasing by 1.21%, RTS growing by 5.95%.
Our expectations
We expect opening of the Ukrainian market by growth.
In Europe will be published German Ifo business climate (11:00 AM) and retail sales in the U.K. (11:30 AM).
In the U.S. will be published initial jobless claims (3:30 PM) and Philadelphia Fed manufacturing index (3:30 PM).
ITT Investment group
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