Last closure
On Tuesday, February 17, trades in USA have come to the end with growth, as investors kept an eye on talks between Greece and its creditors. The New York Federal Reserve’s Empire State Manufacturing Survey fell to 7.78 in February, more than the 8.50 expected, from a January reading of 9.95. Readings above 0 point to expansion, while those below indicate contraction. Philadelphia Fed President Charles Plosser warned that efforts to audit the Federal Reserve’s monetary-policy making decisions could lead to dreadful economic outcomes. In his remarks, Mr. Plosser, who ends his leadership role on March 1, warned that “audit the Fed” legislation now in Congress is not really about auditing an institution that’s already closely watched by a number of entities. Instead, he sees the bill as an effort by Congress to meddle in the monetary policy-making process, which will inevitably compromise the Fed’s independence. On the day’s result, index Dow Jones rose by 0.16%, S&P has increased by 0.16%, Nasdaq grew by 0.11%.
European stock exchanges closed with mixed dynamics of main indexes, weighed by growing concerns over Greece. Markets were jittery as Greece's current €240 billion bailout is due to expire at the end of the month and the new Greek government does not want it extended. Germany –Investor confidence in Europe's largest economy rose for the fourth straight month, but by less than expected, suggesting that Germany could still be vulnerable to stability risks from both inside and outside the eurozone. The Center for European Economic Research, or ZEW, said its indicator of economic sentiment survey increased to 53.0 in February, following a reading of 48.4 the previous month though this was below economists' forecasts in a Wall Street Journal survey for a reading of 55.8. On the day’s result, British FTSE rose by 0.60%, CAC 40 (France) grew by 0.04%, DAX (Germany) has lowered by 0.25%.
March contractual price on Brent oil, grew by $1.01 to $62.53 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened on neutral territory, day passed with negative dynamics. Value of the UX index has declined by 3.27% to 1070.39. Share trades capacity on the application market was equal to UAH 5.7 million. Trades capacity on the derivatives market was equal to UAH 13.6 million. Total trades capacity for yesterday — UAH 34.7 million.
All ten shares of an index basket, declined retreated. Worse than market looked shares of Alchevsk Metallurgical Plant (-7.89%) and Azovstal Iron and Steel Works (-7.58%).
Foreign direct investment in Ukraine in the form of share capital at the end of 2014 amounted to $45.92 billion, which is $11.14 billion, or 19.5% less than at the beginning of the year, the State Statistics Service has said. Deputy Head of the Presidential Administration Valerii Chalyi accused the Russian Federation, the self-proclaimed Donetsk People's Republic, and the self-proclaimed Luhansk People's Republic in violation of the terms of the agreements reached in Minsk on Feb. 12. As reported, according to the National Security and Defense Council, the Russian military and the terrorists have committed 164 artillery attacks on the Ukrainian forces' positions since the Minsk agreements entered into force.
Premarket
External background at the opening is positive.
The Asian indexes are growing today. Nikkei rose by 1.18%, Hong Kong Hang Seng increasing by 0.19%.
Futures on American indexes are growing today from 0.12% to 0.18%.
Russian indexes as of 10:00 EET are rising — MICEX increasing by 1.45%, RTS growing by 2.77%.
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 EET).
In the U.S. will be published building permits (15:30 EET), PPI(15:30 EET), and FOMC meeting minutes (21:00 EET).
ITT Investment group
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