Last closure
On Friday, October 9, trades in USA have come to the end with growth, wrapping up a solid week of gains, as investors digested indications from the Fed on the timing of a rate hike ahead of earnings season. At a speech in New York on Friday, Atlanta Fed President Dennis Lockhart said he still sees the central bank hiking rates before the end of the year as the economy “remains on a satisfactory track.” He left the door open to either an October or December move, and said “the data are giving off varied signals” which means central bankers will have to be “especially diligent monitoring incoming data.” Commerce Department on import and export prices. September import prices fell 0.1%, but were better than the expected 0.5% decline; export prices declined by 0.7%, which was more than the anticipated 0.2% fall. Alcoa on Thursday reported a sharp drop in third-quarter profit on lower aluminum prices and unfavorable currency effects. Gap said total sales in September fell 1%, hurt by the stronger dollar and weakness at Banana Republic, and gave downbeat guidance on the company’s expected profitability in the current quarter. On the day’s result, index Dow Jones rose by 0.20%, S&P has increased by 0.07%, Nasdaq grew by 0.41%.
European stock exchanges closed with growth of main indexes, after gains across Asia thanks to growing hints that US interest rates will not rise until next year. The Federal Reserve postponed a move to hike US interest rates as it was worried about a global slowdown, concerns over the strong dollar and listless US inflation, minutes from its last monetary policy meeting revealed on Thursday. On the day’s result, British FTSE rose by 0.65%, DAX (Germany) has increased by 1.04%, CAC 40 (France) grew by 0.54%.
Novembers’ contractual price on Brent oil, decreased by $0.40 to $52.65 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 0.73% to 843.48. Share trades capacity on the application market was equal to UAH 1.2 million. Trades capacity on the derivatives market was equal to UAH 13.9 million. Total trades capacity for yesterday — UAH 25.9 million.
From ten shares of an index basket, six have risen. Leaders of growth were shares of Raiffeisen Bank Aval (+2.69%) and Krukivsky Carriage Works (+2.21%). Worse than market looked shares of Avdiivka Coke Plant (-2.13%).
The National Bank of Ukraine believes that the most painful currency restriction is a ban on payment of dividends imposed in September 2014, and this should be first to be revoked, NBU Governor Valeriya Gontareva has said.
Premarket
External background at the opening is neutral.
The Asian indexes are growing today. Nikkei rose by 1.64%, Hong Kong Hang Seng increasing by 0.94%.
Futures on American indexes are showing mixed dynamics from +0.01% to -0.66%.
Russian indexes as of 10:01 EET are decreasing — MICEX decreasing by 0.15%, RTS lowers by 0.10%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In the U.S. FOMC member Dennis Lockhart speaks (15:10 EET).
ITT Investment group
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