Last closure
On Monday, May 18, trades in USA have come to the end with growth, as trading volume was thinner than usual. Fed Chicago President Charles Evans repeated his stance on Monday that the central bank should hold back from raising short-term interest rates this year. “It likely will not be appropriate to begin raising the fed-funds rate until sometime in early 2016,” he said in a speech prepared for delivery in Stockholm. A gauge of confidence among home builders declined two points to 54 in May, led down by views on current sales of single-family homes. Economists had expected a May result of 58. However, builders remained upbeat – readings above 50 signal that home-construction companies, generally, are optimistic about sales trends. On the day’s result, index Dow Jones rose by 0.14%, S&P has increased by 0.30%, Nasdaq grew by 0.60%.
European stock exchanges closed with growth of main indexes, as a fresh slide in the euro supported stocks in the region’s major exporters. Spokesman for the European Commission said a summit of European Union leaders in Latvia this week is unlikely to bring a breakthrough in talks on continued financing. Later in the day, Pierre Moscovici, the European Union’s economics commissioner, said that substantial progress had been made in talks between Greece and its international lenders, but that time is running out for Athens. Greece made last week’s payment to the International Monetary Fund, but investors are questioning how long it will still be able to service its debt. On the day’s result, British FTSE rose by 0.12%, CAC 40 (France) grew by 0.37%, DAX (Germany) has increased by 1.29%.
June’s contractual price on Brent oil, decreased by $0.54 to $66.27 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 declined by 1.64% to 1045.50. Share trades capacity on the application market was equal to UAH 1.7 million. Trades capacity on the derivatives market was equal to UAH 10.5 million. Total trades capacity for yesterday — UAH 21.4 million.
From ten shares of an index basket, eight retreated. Leaders of growth were shares of Enakievo Metallurgical Plant (+1.55%). Worse than market looked shares of Krukivsky Carriage Works (-5.66%).
The United States signed Monday its second $1 billion loan guarantee deal for Ukraine aimed at helping the crisis-wracked country surmount a Russia-backed insurgency and rebuild its tattered economy. The US loan guarantee agreement is part of a $7.5 billion package of support for Ukraine over the coming year from its bilateral and multilateral partners.
Premarket
External background at the opening is neutral.
The Asian indexes are growing today. Nikkei rose by 0.68%, Hong Kong Hang Seng increasing by 0.28%.
Futures on American indexes are slightly growing today from 0.11% to 0.12%.
Russian indexes as of 10:00 EET are decreasing — MICEX decreasing by 0.07%, RTS lowers by 0.41%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published German ZEW economic sentiment (12:00 EET) and data on CPI in the E.U. (12:00 EET).
In the U.S. will be published building permits (15:30 EET) and housing starts (15:30 EET).
ITT Investment group
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