Last closure
On Thursday, May 7, trades in USA have come to the end with growth, ahead of jobs report. The number of people applying for U.S. unemployment benefits remains near a 15-year low, rising a scant 3,000 to 265,000 in the seven days stretching from April 26 to May 2, well below economists’ forecasts. On the day’s result, index Dow Jones rose by 0.46%, S&P has increased by 0.38%, Nasdaq grew by 0.53%.
European stock exchanges closed with decrease of main indexes. On Thursday, the ECB increased the amount of money Greek banks can borrow under an emergency lending program, according to a Greek bank official. There was also some optimism that debt-burdened Greece and its creditors may work out a deal that will lead to further bailout funds for the country. The Eurozone Retail PMI advanced from 48.6 to 49.5, but German Retail PMI cooled from 53 to 52.6. On the day’s result, British FTSE has declined by 0.67%, CAC 40 (France) has decreased by 0.29%, DAX (Germany) has increased by 0.51%.
June’s contractual price on Brent oil, decreased by $2.23 to $65.54 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 0.66% to 1069.96. Share trades capacity on the application market was equal to UAH 1.7 million. Trades capacity on the derivatives market was equal to UAH 12.6 million. Total trades capacity for yesterday — UAH 23.3 million.
From ten shares of an index basket, seven retreated. Leaders of growth were shares of Alchevsk Metallurgical Plant (+1.83%). Worse than market looked shares of Krukivsky Carriage Works (-2.33%).
Underlying inflation in Ukraine in April 2014 slowed down to 4.6% after a rise of 10.8% a month earlier, the State Statistics Service has said. According to its data, since the beginning of the year underlying inflation has reached 25.3%, while in annual terms (compared to the same month last year) - 47.1% compared to 44.6% in March, 33.2% - in February, 26.1% - in January, and 22.8% - for 2014.
Premarket
External background at the opening is positive. German industrial production unexpectedly fell 0.5% after stagnating in February. The typically volatile number compares with a median estimate of a 0.4% gain. Production rose 0.1% from a year earlier. The Asian indexes are growing today. Nikkei rose by 0.45, Hong Kong Hang Seng increasing by 1.07%.
Futures on American indexes are growing today from 0.20% to 0.30%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published index IFO in Germany (11:00 EET) and data on GDP in the U.K. (11:30 EET).
In the U.S. will be published nonfarm payrolls (15:30 EET) and unemployment rate (15:30 EET).
ITT Investment group
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