Last closure
On Tuesday, August 11, trades in USA have come to the end with decrease, as China’s currency devaluation sparked concern across global markets. China devalued the yuan by 1.9%, the most in two decades, after data this month showed a plunge in exports, weaker-than-estimated manufacturing and a slowdown credit growth. The surprise move rippled through global markets, sparking selloffs in emerging-market currencies, commodities, and auto and luxury stocks with exposure to China. On the day’s result, index Dow Jones has declined by 1.21%, S&P has lowered by 0.6%, Nasdaq has decreased by 1.27%.
European stock exchanges closed with decrease of main indexes. Greece and its creditors have completed negotiations on the terms of a third bailout package. The deal, worth up to 86 billion euro ($95 billion), still needs to receive a stamp of approval by the eurozone leaders, but is expected to be finalized within days. The European Commission president Jean-Claude Juncker is set to talk with German chancellor Angela Merkel and French president François Hollande on Tuesday. Germany and France are the biggest contributors to the Greek bailout and their agreement with the deal is crucial. On the day’s result, British FTSE has declined by 1.06%, DAX (Germany) has lowered by 2.68%, CAC 40 (France) has decreased by 1.86%.
Septembers’ contractual price on Brent oil, decreased by $1.23 to $49.18 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened on neutral territory, day passed with positive dynamics. Value of the UX index has increased by 1.42% to 983.24. Share trades capacity on the application market was equal to UAH 2.2 million. Trades capacity on the derivatives market was equal to UAH 6.1 million. Total trades capacity for yesterday — UAH 18.1 million.
From ten shares of an index basket, nine have risen. Leaders of growth were shares of Avdiivka Coke Plant (+8.11%) and Alchevsk Metallurgical Plant (+3.05%).
Monetary base in Ukraine in July increased by 0.6% or UAH 1.9 billion, while money supply decreased by 0.9%, or UAH 8.1 billion, to UAH 966.4 billion, the National Bank of Ukraine said on its website. According to the report, the volume of cash outside banks in July decreased by 0.7%, to UAH 284.2 billion, but since the beginning of the year it grew by 0.4%.
Premarket
External background at the opening is negative. Value-added industrial output in China rose 6.0% in July from a year earlier, slowing from a 6.8% year-over-year increase in June, in a sign of additional economic sluggishness in the world's second-largest economy. The Asian indexes are decreasing today. Nikkei has lowered by 1.58%, Hong Kong Hang Seng declining by 2.23%.
Futures on American indexes are decreasing today from 0.58% to 0.62%.
Russian indexes as of 10:02 EET are decreasing — MICEX decreasing by 0.36%, RTS lowers by 1.08%.
Our expectations
We expect opening of the Ukrainian market by decrease.
In Europe will be published industrial production (12:00 EET).
In the U.S. will be published JOLTs job openings (17:00 EET).
ITT Investment group
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