Last closure
On Thursday, March 19, trades in USA have come to the end with decrease, after a rally Wednesday on the Federal Reserve’s policy statement. The number of individuals filing for initial jobless benefits in the week ending March 14 increased by 1,000 to a seasonally adjusted 291,000 from the previous week's total of 290,000. Analysts had expected initial jobless claims to rise by 2,000 to 292,000 last week. Manufacturing activity in the Philadelphia-region expanded at the slowest pace in 13 months in March. manufacturing index deteriorated to a reading of 5.0 this month from February's reading of 5.2. Analysts had expected the index to rise to 7.1 in March. On the index, a reading above 0.0 indicates improving conditions, below indicates worsening conditions. On the day’s result, index Dow Jones has declined by 0.65%, S&P has lowered by 0.49%, Nasdaq grew by 0.19%.
European stock exchanges closed with mixed dynamics of main indexes, following news U.S. interest rates will most likely remain on hold for a prolonged period of time. The ECB said on Thursday that banks borrowed EUR97.8 billion in four-year loans from the central bank in the third installment of a program launched last year to spur new credit to the private sector. Analysts had expected banks to take up EUR50 billion-EUR60 billion. In the first two tranches conducted last year, banks borrowed around EUR212 billion. Pay growth in the eurozone slowed in the final three months of 2014, a development that if sustained would raise fresh concerns about the threat of a slide into deflation. The European Union's statistics agency said wages in the final three months of the year were 1.0% higher than in the fourth quarter of 2013, a slowdown from the 1.4% rate of growth recorded in the three months through September. On the day’s result, British FTSE rose by 0.25%, CAC 40 (France) grew by 0.07%, DAX (Germany) has lowered by 0.20%.
April’s contractual price on Brent oil, decreased by $1.48 to $54.43 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 1.70% to 1061.40. Share trades capacity on the application market was equal to UAH 4.4 million. Trades capacity on the derivatives market was equal to UAH 22.2 million. Total trades capacity for yesterday — UAH 46.3 million.
From ten shares of an index basket, three have risen. Leaders of growth were shares of Enakievo Metallurgical Plant (+3.03%). Worse than market looked shares of Raiffeisen Bank Aval (-3.35%). Inflation rate in Ukraine in 2015 may reach 26%-34%. Acting deputy governor of the National Bank of Ukraine Dmytro Solohub has told this. The figures on inflation may be higher than 26% [the current forecast of the National Bank]. So far, the new official forecast has not been published. The risks, of course, grow ... Inflation forecast is still being prepared. We consider options from 26% to 34%, Solohub said.
Premarket
External background at the opening is neutral.
The Asian indexes are showing mixed dynamics today. Nikkei rose by 0.43%, Hong Kong Hang Seng declining by 0.29%.
Futures on American indexes are changing today from -0.04% to +0.18%.
Russian indexes as of 9:44 EET are decreasing — MICEX decreasing by 0.12%, RTS lowers by 0.59%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published current account in the U.K. (11:00 EET).
Atlanta Federal Reserve Bank President Dennis Lockhart speech on the economy and monetary policy in Athens, will start at 16:20 EET.
ITT Investment group
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