Last closure
On Thursday, February 12, trades in USA have come to the end with growth, as European lawmakers moved closer to a pledge with Greece on extending its bailout program. U.S. consumer spending barely rose in January as households cut back on purchases of a range of goods, suggesting the economy started the first quarter on a softer note. The Commerce Department said on Thursday retail sales excluding automobiles, gasoline, building materials and food services edged up 0.1% last month after a 0.3% drop in December. U.S. business inventories rose less than expected in December, supporting views that fourth-quarter growth was slower than initially thought. The Commerce Department said on Thursday business inventories nudged up 0.1% after an unrevised 0.2% increase in November. On the day’s result, index Dow Jones rose by 0.62%, S&P has increased by 0.96%, Nasdaq grew by 1.18%.
European stock exchanges closed with growth of main indexes, on upbeat geopolitical developments, including brokered peace between Ukraine and Russia and hopes for a Greek debt resolution continue and today included a lifted amount of emergency assistance in reserve. Greece's Athex Composite rose nearly 7% to 846.48, extending gains after the European Central Bank raised the amount of emergency assistance that can be provided to Greek banks by 5 billion euros ($5.7 billion), according to German news reports. Germany’s inflation rate fell 0.5% from a year earlier, the Federal Statistics Office in Wiesbaden said today. That’s the lowest rate since September 2009. Economists predicted a drop of 0.2%. On the day’s result, British FTSE rose by 0.15%, CAC 40 (France) grew by1%, DAX (Germany) has increased by 1.56%.
March contractual price on Brent oil, grew by $2.39 to $57.05 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 6.18% to 1105.93. Share trades capacity on the application market was equal to UAH 5.9 million. Trades capacity on the derivatives market was equal to UAH 16.3 million. Total trades capacity for yesterday — UAH 37.4 million.
All ten shares of an index basket have risen. Leaders of growth were shares of Avdiivka Coke Plant (+40.34%) and Alchevsk Metallurgical Plant (+23.20%).
Russian President Vladimir Putin said European leaders reached an agreement for a cease-fire in Ukraine, starting Sunday. The deal calls for both sides to pull back heavy weapons and follows 10 months of deadly fighting between Ukrainian troops and pro-Russian separatists. An International Monetary Fund mission that was working in Ukraine from January 12 to February 11, 2015, has reached an agreement with the Ukrainian authorities on a four-year Extended Fund Facility worth SDR 12.35 billion (about $17.5 billion, or EUR 15.5 billion), IMF Managing Director Christine Lagarde said in Brussels on Thursday.
Premarket
External background at the opening is positive. The German economygrew by 0.7% in the final three months of last year, quarter-on-quarter. Economists polled by Reuters had expected to see 0.3% growth. That compared to 0.1% growth in the prior three month period.
The Asian indexes are showing mixed dynamics today. Nikkei has lowered by 0.37%, Hong Kong Hang Seng increasing by 0.96%.
Futures on American indexes are slightly changing today from -0.02% to +0.06%.
Russian indexes as of 10:00 EET are rising — MICEX increasing by 1.34%, RTS growing by 2.21%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published GDP and trade balance in the E.U. (12:00 EET).
In the U.S. will be published export and import prices (15:30 EET) and Michigan consumer sentiment (17:00 EET).
ITT Investment group
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