Last closure
On Monday, December 7, trades in USA have come to the end with decrease, as oil prices tumbled to an almost seven-year low. The focus on oil comes as an interest-rate hike this month is considered a near certainty. The market is pricing in a 79% probability that the Fed will raise interest rates at next week's meeting. The gains followed a strong November U.S. jobs report. The two indexes scored weekly gains of 0.1% and 0.3%, respectively. Crude oil's accelerated decline has kept the index from extending its push to new highs. On the day’s result, index Dow Jones has declined by 0.66%, S&P has lowered by 0.70%, Nasdaq has decreased by 0.79%.
European stock exchanges closed with mixed dynamics of main indexes, boosted by optimism over the strength of the U.S. economy and dovish comments from European Central Bank President Mario Draghi. The downbeat trading mood last week was spurred by an underwhelming set of easing measure from the ECB, as well as a selloff in oil prices after the Organization of the Petroleum Exporting Countries decided not to curtail production. The strong jobs report is widely seen as pushing the Federal Reserve closer to hiking interest rates at its Dec. 15-16 meeting. On the day’s result, British FTSE has declined by 0.24%, DAX (Germany) has increased by 1.25%, CAC 40 (France) grew by 0.88%.
Januarys’ contractual price on Brent oil, decreased by $0.84 to $43.00 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by growth, day passed without certain dynamics. Value of the UX index has increased by 0.49% to 700.07. Share trades capacity on the application market was equal to UAH 1.2 million. Trades capacity on the derivatives market was equal to UAH 4.9 million. Total trades capacity for yesterday — UAH 13.2 million.
From ten shares of an index basket, five have risen. Leaders of growth were shares of Alchevsk Metallurgical Plant (+4.63%). Worse than market looked shares of Donbasenergo (-0.95%).
The draft national budget of Ukraine for 2016 foresees about UAH 6 billion to support united communities, regional development and energy saving funds, Vice Prime Minister, Minister of Regional Development, Construction, Housing and Utilities Services Hennadiy Zubko has said.
Premarket
External background at the opening is moderately negative. Japan's economy dodged a technical recession in the third quarter as business investment perked up, revised data showed Tuesday, easing pressure on the Bank of Japan to provide more stimulus next month. Revised government data on Tuesday showed Japan's gross domestic product in the third quarter rose at a 1% annualized rate, compared with a preliminary reading of a 0.8% contraction. China Nov trade balance is due at 1pm Syd/10am local, though in recent months the data in local currency has been released well before the USD numbers. The Asian indexes are decreasing today. Nikkei has lowered by 1.04%, Hong Kong Hang Seng declining by 1.40%.
Futures on American indexes are decreasing today from 0.24% to 0.26%.
Russian indexes as of 11:06 EET are decreasing — MICEX decreasing by 0.55%, RTS lowers by 0.54%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published index IFO in Germany (11:00 EET) and data on GDP in the U.K. (11:30 EET).
In the U.S. will be published initial jobless claims (15:30 EET) and data on durable goods orders (15:30 EET).
ITT Investment group
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