Last closure
On Monday, August 10, trades in USA have come to the end with growth, buoyed by remarks from one Federal Reserve official suggesting a September interest-rate hike may not be a done deal. Lately, main U.S. indexes have been weighed by worries about the prospect of a slowdown in Asia as well as impending tightening of U.S. monetary policy. But comments from Federal Reserve Vice Chairman Stanley Fischer on Monday may have helped ease some of those concerns. He told he doesn’t expect the first interest-rate hike by the U.S. central bank in more than nine years to occur until after inflation returns closer to the Fed’s target of around 2%. The inflation rate has dipped close to zero in recent months and hasn’t been above 2% since April 2012. On the day’s result, index Dow Jones rose by 1.39%, S&P has increased by 1.28%, Nasdaq grew by 1.16%.
European stock exchanges closed with growth of main indexes. Sentix research group's index tracking morale among investors and analysts in the euro zone dipped to 18.4 in August from 18.5 in July. That was below the Reuters consensus forecast for a reading of 20.2. On the day’s result, British FTSE rose by 0.26%, DAX (Germany) has increased by 0.99%, CAC 40 (France) grew by 0.79%.
Septembers’ contractual price on Brent oil, grew by $1.80 to $50.41 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 0.54% to 969.44. Share trades capacity on the application market was equal to UAH 1.37 million. Trades capacity on the derivatives market was equal to UAH 9.8 million. Total trades capacity for yesterday — UAH 19.1 million.
From ten shares of an index basket, seven have risen. Leaders of growth were shares of Avdiivka Coke Plant (+2.61%), Alchevsk Metallurgical Plant (+2.34%) and Enakievo Metallurgical Plant (+2.25%). Worse than market looked shares of Motor Sich (-0.26%).
Fitch Ratings says that it would expect Ukraine to have completed the restructuring before a $500 million eurobond maturity payable on September 23 and the second review of the International Monetary Fund's, also in September. On the announcement of a debt restructuring deal Fitch would expect to downgrade Ukraine's Long-term foreign currency Issuer Default Rating to 'C', Fitch said in a statement affirming Ukraine's Long-term foreign currency IDR at 'CC' and local currency IDR at 'CCC'.
Premarket
External background at the opening is neutral.
The Asian indexes are showing mixed dynamics today. Nikkei has lowered by 0.42%, Hong Kong Hang Seng increasing by 0.59%.
Futures on American indexes are decreasing today from 0.13% to 0.43%.
Russian indexes as of 10:02 EET are showing mixed dynamics — MICEX increasing by 0.04%, RTS lowers by 0.24%.
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 initial jobless claims (15:30 EET) and data on durable goods orders (15:30 EET).
ITT Investment group
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