Last closure
On Tuesday, January 9, trades in USA have come to the end with decrease, ahead of Yellen's testimony. Federal Reserve chair Janet Yellen on Capitol Hill, beginning on Wednesday morning. At Yellen's semi-annual Humphrey-Hawkins testimony, the Fed chair could provide further clarity to the gradual path the U.S. central bank will take during the early stages of its first tightening cycle in nearly a decade. The latest monthly "Job Openings and Labor Turnover Survey" (JOLTS) showed that in December, the total number of quits was 3.1 million, the highest level in a decade, while the quits rate was 2.1%, the highest since April 2008. On the day’s result, index Dow Jones has declined by 0.08%, S&P has lowered by 0.07%, Nasdaq has decreased by 0.35%.
European stock exchanges closed with decrease of main indexes, as investors remained pessimistic on global economic growth prospects. German industrial production fell 1.2% in December from the previous month, while exports fell 1.6%, official data published on Tuesday showed, with weak global demand for capital goods driving the decline. The numbers were worse than expected and joined a recent spate of disappointing economic figures from Germany. On the day’s result, British FTSE has declined by 1.%, DAX (Germany) has lowered by 1.11%, CAC 40 (France) has decreased by 1.69%.
Februarys’ contractual price on Brent oil, decreased by $2.56 to $30.32 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 declined by 0.21% to 625.43. Share trades capacity on the application market was equal to UAH 2.1 million. Trades capacity on the derivatives market was equal to UAH 8.8 million. Total trades capacity for yesterday — UAH 16.2 million.
From ten shares of an index basket, seven have risen. Leaders of growth were shares of Alchevsk Metallurgical Plant (+1.48%) and Avdiivka Coke Plant (+1.20%). Worse than market looked shares of Azovstal Iron and Steel Works (-6.31%).
The International Monetary Fund (IMF) recommends that Ukraine excludes all legal entities from the simplified taxation system in the short-term outlook. The IMF recommends that the country excludes all VAT taxpayers - including those who are voluntarily registered for VAT - from the simplified regime and not to unite social security contributions (SSC) and personal income tax (PIT).
Premarket
External background at the opening is neutral.
The Asian indexes are showing mixed dynamics today. Nikkei has lowered by 2.31%, Hong Kong Hang Seng increasing by 0.55%.
Futures on American indexes are growing today from 0.13% to 0.36%.
Russian indexes as of 9:42 EET are decreasing — MICEX decreasing by 0.10%, RTS lowers by 0.51%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In the U.S. Fed Chair Yellen testifies at 17:00 EET.
ITT Investment group
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