Last closure
On Wednesday, March 11, trades in USA have come to the end with decrease, as worries grew about the timing of a Federal Reserve interest rate hike. The MBA's purchase index has seen more negative weeks than positive so far in 2015. But applications to refinance were down 3.0%, dragging the MBA composite index down 1.3%. Average mortgage rates rose 5 basis points to 4.01%, the highest since the first week of the year. On the day’s result, index Dow Jones has declined by 0.16%, S&P has lowered by 0.19%, Nasdaq has decreased by 0.20%.
European stock exchanges closed with growth of main indexes. Euro-area central banks have bought German, Belgian, French, Italian and Spanish bonds this week, sending borrowing costs across Europe to record lows. The purchases are part of the European Central Bank’s asset-buying program, known as quantitative easing. ECB President Mario Draghi said that they will push inflation in the euro area back toward its goal. Manufacturing production in the U.K. declined unexpectedly in January, while industrial output also fell. In a report, the U.K. Office for National Statistics said that manufacturing production decreased by a seasonally adjusted 0.5% in January, disappointing expectations for an increase of 0.2% and following a 0.1% gain in December. On the day’s result, British FTSE rose by 0.28%, CAC 40 (France) grew by 2.37%, DAX (Germany) has increased by 2.66%.
April’s contractual price on Brent oil, grew by $1.15 to $57.54 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened on neutral territory, day passed without certain dynamics. Value of the UX index has increased by 0.47% to 1092.97. Share trades capacity on the application market was equal to UAH 4.4 million. Trades capacity on the derivatives market was equal to UAH 19.3 million. Total trades capacity for yesterday — UAH 32.4 million.
From ten shares of an index basket, six have risen. Leaders of growth were shares of Azovstal Iron and Steel Works (+3.76%) and Donbasenergo (+3.05%). Worse than market looked shares of Krukivsky Carriage Works (-2.72%).
The IMF Executive Board has approved a new loan program for Ukraine worth $17.5 billion during a meeting on Wednesday. IMF Managing Director Christine Lagarde said this in her statement. I am pleased to announce that the IMF Executive Board today approved an Extended Arrangement under the Extended Fund Facility (EFF) of SDR 12.348 billion (about $17.5 billion, EUR15.5 billion) for Ukraine, based on a comprehensive economic reform program supported by the Fund as well as by additional resources from the international community, reads the statement.
Premarket
External background at the opening is positive.
The Asian indexes are growing today. Nikkei rose by 1.43%, Hong Kong Hang Seng increasing by 0.29%.
Futures on American indexes are changing today from -0.55% to +0.36%.
Russian indexes as of 9:42 EET are showing mixed dynamics — MICEX decreasing by 0.31%, RTS growing by 1.36%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published industrial production in the E.U. (12:00 EET).
In the U.S. will be published initial jobless claims (14:30 EET) and data on retail sales (14:30 EET).
ITT Investment group
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