Last closure
On Tuesday, February 24, trades in USA have come to the end with growth, after Federal Reserve Chairwoman Janet Yellen signaled that future interest-rate increases will be clearly marked. Markit's services PMI rose nearly 3 points to 57 in the flash read for Feb., the strongest rate of growth since Oct. and driven by a rebound in new work. The employment gauge gained at the fastest rate since Nov. Backlogs accumulated for the seventh straight month. U.S. consumer confidence deteriorated more than expected in February, one month after hitting the highest level since 2007, industry data showed on Tuesday. In a report, the Conference Board, a market research group said its index of consumer confidence fell to 96.4 this month from a reading of 103.8 in January, whose figure was revised up from a previously reported 102.9. On the day’s result, index Dow Jones rose by 0.51%, S&P has increased by 0.28%, Nasdaq grew by 0.14%.
European stock exchanges closed with growth of main indexes. The head of the European Central Bank welcomed Greece's reform plans on Tuesday but said he would keep a close watch on ideas that depart from previous pledges, underlining the need for Greece to stick to its commitments. Mario Draghi said that although some reforms proposed by Athens needed fleshing out, they were enough to justify continuing aid to Greece. Euro-zone's final consumer price inflation (CPI) for January came in at -0.6% on the year as expected, and unchanged from its previous reading. Core CPI was +0.6% on the year, again as expected and unchanged from previously. On the day’s result, British FTSE rose by 0.54%, CAC 40 (France) grew by 0.50%, DAX (Germany) has increased by 0.67%.
March contractual price on Brent oil, decreased to $58.83 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by growth, day passed without certain dynamics. Value of the UX index has increased by 1.06% to 1103.10. Share trades capacity on the application market was equal to UAH 4.7 million. Trades capacity on the derivatives market was equal to UAH 15.2 million. Total trades capacity for yesterday — UAH 36 million.
All ten shares of an index basket have risen. Leaders of growth were shares of Ukrnafta (+4.01%) and Krukivsky Carriage Works (+3.40%).
PJSC Motor Sich in 2014, according to preliminary data, saw net profit under international financial reporting standards (IFRS) in the amount of UAH 1.547 billion, which is 12.97% more than in 2013. According to an official company report, its retained earnings in the past year increased by 18.1%, to UAH 9.951 billion, stocks - by 30%, to UAH 6.816 billion.
Premarket
External background at the opening is neutral. Manufacturing in China expanded by a whisker this month, according to a preliminary reading of an influential index tracking the sector by HSBC. The reading for February was 50.1, up from 49.7 in January and surpassing economists' expectations for 49.5. Any score above 50 indicates expansion in the monthly survey. The Asian indexes are decreasing today. Nikkei has lowered by 0.10%, Hong Kong Hang Seng declining by 0.08%.
Futures on American indexes are decreasing today from 0.05% to 0.08%.
Russian indexes as of 09:54 EET are showing mixed dynamics — MICEX decreasing by 0.18%, RTS growing by 0.16%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
Federal Reserve Chair Janet Yellen semi-annual monetary policy testimony to House Financial Services Committee, in Washington, will start at 16:00 EET.
In the U.S. will be published new home sales (17:00 EET) and data on durable goods orders (15:30 EET).
ITT Investment group
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