Last closure
On Wednesday, September 9, trades in USA have come to the end with decrease. Stocks have struggled to rebound from last month’s lows as markets have seesawed. The back-and-forth action is likely to continue at least until the Fed’s interest-rate decision next week, traders said. Stocks jumped in Asia and Europe, following an announcement from China’s finance ministry on Tuesday evening that the country would roll out a “more forceful” fiscal policy to boost its economy. On the day’s result, index Dow Jones has declined by 1.45%, S&P has lowered by 1.39%, Nasdaq has decreased by 1.15%.
European stock exchanges closed with growth of main indexes, on hopes of further stimulus measures in China and Japan. U.K. manufacturing production decreased by a seasonally adjusted 0.8% in July, disappointing expectations for a gain of 0.2% and following a 0.2% increase a month earlier. On an annualized basis, manufacturing production fell at rate of 0.5%, far worse than estimates for a gain of 0.5%, after rising at a rate of 0.5% in June. On the day’s result, British FTSE rose by 1.35%, DAX (Germany) has increased by 0.31%, CAC 40 (France) grew by 1.44%.
Octobers’ contractual price on Brent oil, decreased by $1.94 to $47.58 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 0.37% to 989.86. Share trades capacity on the application market was equal to UAH 1.6 million. Trades capacity on the derivatives market was equal to UAH 6.5 million. Total trades capacity for yesterday — UAH 15.4 million.
From ten shares of an index basket, eight have risen. Leaders of growth were shares of Alchevsk Metallurgical Plant (+8.89%). Worse than market looked shares of Raiffeisen Bank Aval (-0.33%).
The largest Ukrainian private mining and metal company Metinvest after the successful restructuring of payment on eurobonds at the first phase expects that the mutually beneficial agreement with the bond holders and banks would be received in the future.
Premarket
External background at the opening is moderately negative. China's consumer price index (CPI) rose 2% in August from a year earlier, against expectations for a 1.8% rise from a Reuters poll and following July's 1.6% gain. The producer price index (PPI) fell 5.9%, compared with an expected 5.5% drop and after a 5.4% decline in the previous month. This marks the 42nd consecutive month of declines. The Asian indexes are decreasing today. Nikkei has lowered by 2.51%, Hong Kong Hang Seng declining by 2.33%.
Futures on American indexes are growing today from 0.31% to 0.36%.
Russian indexes as of 10:02 EET are decreasing — MICEX decreasing by 0.45%, RTS lowers by 1.34%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In the U.K. will be published BoE MPC meeting minutes and BoE interest rate decision (14:00 EET).
In the U.S. will be published initial jobless claims (15:30 EET).
ITT Investment group
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