Last closure
On Wednesday, October 28, trades in USA have come to the end with growth, after the Federal Reserve held interest rates near zero though it sent a strong signal that an interest-rate increase is possible in December. In a statement following a two-day policy meeting, Fed officials suggested they had become less concerned in recent weeks about turbulent financial markets and uncertain economic developments overseas. They also pointed specifically to the next meeting as a time when they would be assessing whether it was time to raise rates. On the day’s result, index Dow Jones rose by 1.13%, S&P has increased by 1.18%, Nasdaq grew by 1.30%.
European stock exchanges closed with growth of main indexes, as investors awaited the outcome of a Federal Reserve meeting for indications of the trajectory of U.S. borrowing costs. German consumer sentiment is set to weaken for the third month in a row in November, amid signs that the migrant crisis may be taking its toll, market research group GfK said Wednesday. The forward-looking GfK consumer sentiment index is expected to fall to 9.4 points in November from 9.6 points in October, GfK said. The expected reading is in line with economists' expectations. On the day’s result, British FTSE rose by 1.14%, DAX (Germany) has increased by 1.31%, CAC 40 (France) grew by 0.90%.
Novembers’ contractual price on Brent oil, grew by $2.24 to $49.05 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 1.61% to 793.61. Share trades capacity on the application market was equal to UAH 2.2 million. Trades capacity on the derivatives market was equal to UAH 5.6 million. Total trades capacity for yesterday — UAH 15.7 million.
From ten shares of an index basket, two have risen. Leaders of growth were shares of Alchevsk Metallurgical Plant (+0.84%). Worse than market looked shares of Azovstal Iron and Steel Works (-4.31%) and Raiffeisen Bank Aval (-4.06%).
Members of the Verkhovna Rada have proposed the reduction of value added tax from 20% to 15% and the introduction of the automatic tax refund for all amounts confirmed by the electronic VAT administration system. The provision is contained in the draft tax reform registered in the parliament by 114 deputies on October 26.
Premarket
External background at the opening is moderately negative.
The Asian indexes are showing mixed dynamics today. Nikkei rose by 0.17%, Hong Kong Hang Seng declining by 0.54%.
Futures on American indexes are decreasing today from 0.25% to 0.33%.
Russian indexes as of 10:44 EET are decreasing — MICEX decreasing by 0.06%, RTS lowers by 0.66%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published unemployment change in Germany (10:55 EET) and data on GDP in the U.K. (11:30 EET).
In the U.S. will be published initial jobless claims (14:30 EET), GDP (14:30 EET) and data on pending home sales (16:00 EET).
ITT Investment group
Приложения к материалу:
