Last closure
On Tuesday, March 10, trades in USA have come to the end with decrease, as investors continue to grapple with the prospect of coming Federal Reserve rate hikes. US companies had 4.998 million job openings in January, which was a bit lower than the 5.050 million expected by economists. December's number was revised down to 4.877 million from an earlier estimate of 5.028 million. On the day’s result, index Dow Jones has declined by 1.85%, S&P has lowered by 1.70%, Nasdaq has decreased by 1.67%.
European stock exchanges closed with decrease of main indexes, as speculation about a rate hike in the U.S. and concerns over Greece’s reform program outweighed optimism over the European Central Bank’s bond buys. While grappling with Greece, investors also monitored the effect of the ECB’s 60-billion-euro ($64.5 billion) a-month quantitative easing program that was kicked off Monday. Bond yields across most of the eurozone dropped close to record lows on the launch date and continued to decline on Tuesday. On the day’s result, British FTSE has declined by 2.52%, CAC 40 (France) has decreased by 1.12%, DAX (Germany) has lowered by 0.71%.
April’s contractual price on Brent oil, decreased by $2.14 to $56.39 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by growth, day passed with negative dynamics. Value of the UX index has declined by 1.76% to 1087.87. Share trades capacity on the application market was equal to UAH 6 million. Trades capacity on the derivatives market was equal to UAH 13.4 million. Total trades capacity for yesterday — UAH 29.8 million.
From ten shares of an index basket, nine retreated. Better than market were shares of Avdiivka Coke Plant (+0.50%). Worse than market looked shares of Krukivsky Carriage Works (-3.80%) and Donbasenergo (-3.01%).
Underlying inflation in Ukraine in February 2014 was 5.4%, which is significantly higher than in the previous five months when it ranged between 2.3-2.8%, the State Statistics Service has said. According to its data, during the year (compared to the same month last year) underlying inflation reached 33.2% compared to 26.1% in January and 22.8% in 2014.
Premarket
External background at the opening is neutral. Chinese Industrial Production fell to 6.8%, from 7.9% in the preceding month. Analysts had expected Chinese Industrial Production to fall to 7.8% last month. The Asian indexes are showing mixed dynamics today. Nikkei rose by 0.31%, Hong Kong Hang Seng declining by 0.67%.
Futures on American indexes are growing today from 0.19% to 0.25%.
Russian indexes as of 9:47 EET are rising — MICEX increasing by 0.94%, RTS growing by 0.05%.
Our expectations
We expect opening of the Ukrainian market by decrease.
Speech by Mario Draghi, President of the ECB will start at 10:00 EET.
In Europe will be published manufacturing production in the U.K. (11:30 EET).
In the U.S. will be published federal budget balance (20:00 EET).
ITT Investment group
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