Last closure
On Wednesday, September 16, trades in USA have come to the end with growth, as investors avoided big bets a day ahead of the Federal Reserve’s heavily anticipated rate decision. Market reaction to weaker-than-expected inflation numbers ahead of the opening bell was muted. Lack of inflation growth has been cited as one of the reasons the Fed may delay raising interest rates at this meeting. Consumer price inflation in the U.S. ticked lower in August while prices excluding food and energy costs remained steady, official data showed on Wednesday. The Commerce Department said consumer prices edged down by a seasonally adjusted 0.1% last month, in line with forecasts following a 0.1% increase in July. Consumer prices inched up 0.2% on a year-over-year basis, in line with expectations. On the day’s result, index Dow Jones rose by 0.84%, S&P has increased by 0.87%, Nasdaq grew by 0.59%.
European stock exchanges closed with growth of main indexes, as investors awaited the outcome of a meeting by the Federal Reserve that could see the first U.S. interest rate hike in nine years. On the day’s result, British FTSE rose by 1.49%, DAX (Germany) has increased by 0.38%, CAC 40 (France) grew by 1.67%.
Octobers’ contractual price on Brent oil, grew by $0.26 to $46.63 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened on neutral territory, day passed with negative dynamics. Value of the UX index has declined by 0.53% to 962.86. Share trades capacity on the application market was equal to UAH 1.5 million. Trades capacity on the derivatives market was equal to UAH 15.3 million. Total trades capacity for yesterday — UAH 30.5 million.
From ten shares of an index basket, one has risen. Better than market looked shares of Azovstal Iron and Steel Works (+0.13%). Worse than market looked shares of Avdiivka Coke Plant (-1.99%) and Alchevsk Metallurgical Plant (-1.46%).
On Wednesday, the Finance Ministry of Ukraine and the World Bank signed a financial agreement on granting Ukraine a loan worth $500 million in order to strengthen its financial sector.
he National Bank of Ukraine will buy USD 500 million against the Ukrainian hryvnia from the National Bank of Sweden. The funds will be used to increase the international reserves of Ukraine.
Premarket
External background at the opening is neutral.
The Asian indexes are growing today. Nikkei rose by 1.43%, Hong Kong Hang Seng increasing by 0.58%.
Futures on American indexes are slightly decreasing today from 0.04% to 0.10%.
Russian indexes as of 10:07 EET are decreasing — MICEX decreasing by 0.28%, RTS lowers by 0.26%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published ECB economic bulletin (11:00 EET) and retail sales in the U.K. (11:30 EET).
In the U.S. will be published building permits (15:30 EET), initial jobless claims (15:30 EET) and Fed interest rate decision (21:00 EET).
ITT Investment group
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