Last closure
On Friday, August 28, trades in USA have come to the end with growth, letting investors breathe a little easier after a week where both the highs and lows were extreme. Federal Reserve Vice Chairman Stanley Fischer said Friday that before the recent turbulence in financial markets, there was a pretty strong case for starting to raise rates in September. But he added that the Fed is watching how events unfold. Consumer spending increased 0.3% after an upwardly revised 0.3% rise in June. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, was previously reported to have gained 0.2% in June. Economists had forecast consumer spending rising 0.4% last month. The University of Michigan's preliminary August reading on the overall consumer sentiment index came in at 92.9, down from the final reading of 93.1 in July. It was also below the median forecast of 93.5 among economists. On the day’s result, index Dow Jones has declined by 0.07%, S&P has increased by 0.06%, Nasdaq grew by 0.32%.
European stock exchanges closed with growth of main indexes, while investors remained vigilant after a rollercoaster week in global equity markets. The U.K. economy expanded 0.7% between April and June unchanged from the first estimate released last month even though the annualized rate was lowered slightly to 2.7% from 2.8%. German inflation remained close to zero in August, keeping pressure on the European Central Bank to consider additional stimulus measures. On the day’s result, British FTSE rose by 0.90%, DAX (Germany) has lowered by 0.17%, CAC 40 (France) grew by 0.36%.
Septembers’ contractual price on Brent oil, grew by $2.49 to $50.05 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 0.58% to 980.35. Share trades capacity on the application market was equal to UAH 2.3 million. Trades capacity on the derivatives market was equal to UAH 17.7 million. Total trades capacity for yesterday — UAH 17.7 million.
From ten shares of an index basket, seven have risen. Leaders of growth were shares of Centerenergo (+2.64%). Worse than market looked shares of Raiffeisen Bank Aval (-0.86%).
International rating agency Fitch Ratings announced it downgraded Ukraine's long-term foreign currency Issuer Default Rating (IDR) to 'C' from 'CC'. Standard & Poor's international rating agency kept Ukraine's foreign-currency debt at CC, its second-lowest grade, with a negative outlook.
Premarket
External background at the opening is moderately negative.
The Asian indexes are decreasing today. Nikkei has lowered by 1.28%, Hong Kong Hang Seng increasing by 0.09%.
Futures on American indexes are decreasing today from 0.63% to 0.96%.
Russian indexes as of 10:02 EET are decreasing — MICEX decreasing by 0.07%, RTS lowers by 1.69%.
Our expectations
We expect opening of the Ukrainian market by decrease.
In Europe will be published and data on CPI in the E.U. (12:00 EET).
In the U.S. will be published Chicago PMI (16:45 EET).
ITT Investment group
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