Last closure
On Thursday, February 19, trades in USA have come to the end with mixed dynamics, as investors focused on negotiations over Greece’s bailout and a renewed decline in oil prices. Investors kept their focus on events in Europe after Germany rebuffed a request by Greece to extend its bailout, set to expire at the end of February. Manufacturing activity in the Philadelphia-region expanded at the slowest pace in 12 months in February, fuelling concerns over the U.S. economic outlook, official data showed on Thursday. In a report, the Federal Reserve Bank of Philadelphia said that its manufacturing index deteriorated to a reading of 5.2 this month from January’s reading of 6.3. Analysts had expected the index to rise to 9.3 in February. The number of people who filed for unemployment assistance in the U.S. in the week ending February 14 decreased by 21,000 to a seasonally adjusted 283,000 from the previous week's total of 304,000. On the day’s result, index Dow Jones has declined by 0.24%, S&P has lowered by 0.11%, Nasdaq grew by 0.37%.
European stock exchanges closed with mixed dynamics of main indexes, after Greece formally submitted a request to extend its financial support from its creditors, fueling hopes that a deal can be reached to secure the country's future in the eurozone. The euro area current account surplus declined to a four-month low in December, the European Central Bank reported Thursday. The current account surplus dropped to EUR 17.8 billion in December from EUR 19.9 billion in November. This level was last seen in August. The surplus on trade in goods and services were partially offset by negative balances in primary and secondary incomes. The first-ever minutes from the European Central Bank reveal that chief economist Peter Praet warned members of the hazards of delaying the introduction of quantitative easing. The publication of the minutes, from the behind-closed-doors January meeting, brings it into line with other big central banks. The ECB calls the published record an account rather than minutes. On the 22 January the ECB launched its QE programme, designed to inject at least €1.1 trillion (£834bn) into the ailing eurozone economy. It said it would buy €60bn bonds each month from banks until the end of September 2016, or even longer. On the day’s result, British FTSE has declined by 0.13%, CAC 40 (France) grew by 0.71%, DAX (Germany) has increased by 0.37%.
March contractual price on Brent oil, decreased by $0.32 to $60.21 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by decrease, day passed with negative dynamics. Value of the UX index has declined by 2.91% to 1082.08. Share trades capacity on the application market was equal to UAH 6.6 million. Trades capacity on the derivatives market was equal to UAH 13.4 million. Total trades capacity for yesterday — UAH 33.8 million.
All ten shares of an index basket, declined. Worse than market looked shares of Alchevsk Metallurgical Plant (-4.76%) and Avdiivka Coke Plant (-4.73%).
Ukraine's economy tumbled by 6.7% in 2014, according to National Bank of Ukraine data, while the budget deficit along with Naftogaz Ukrainy NSC exceeded 10% of GDP. These data were stated in the document prepared by NBU for the parliamentary hearings on stabilization of the country's financial system. According to the document, the Ukrainian l currency depreciated nearly twice in the past year whereas inflation skyrocketed by almost 25%.
Premarket
External background at the opening is neutral.
The Asian indexes are growing today. Nikkei rose by 0.37%, Hong Kong Hang Seng increasing by 0.19%.
Futures on American indexes are decreasing today from 0.02% to 0.1%.
Russian indexes as of 10:00 EET are rising — MICEX increasing by 0.07%, RTS growing by 1.31%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published Manufacturing PMI in Germany (10:30 EET) and Markit Composite PMI in the E.U. (11:00 EET).
In the U.S. will be published Manufacturing PMI (16:45 EET).
ITT Investment group
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