Last closure
On Tuesday, March 1, trades in USA have come to the end with growth, on better-than-expected news on manufacturing. Manufacturing activity shrank in February for the fifth straight month as global economic troubles, a strong dollar and low oil prices continued to cast a shadow over the industry, but the contraction was less severe than anticipated. An index of factory activity rose to 49.5 from 48.2 in January, the Institute for Supply Management said Tuesday. A reading above 50 means the sector is expanding while under 50 indicates contraction. Economists expected a more modest rise to 48.5. Separately, the Commerce Department said construction spending rose 1.5% in January as outlays on nonresidential buildings and government projects rose. That was the largest gain in eight months and the highest level in eight years. On the day’s result, index Dow Jones rose by 2.11%, S&P has increased by 2.39%, Nasdaq grew by 2.89%.
European stock exchanges closed with growth of main indexes. The eurozone's manufacturing PMI data for February came in slightly higher than expected tallying 50.5, compared to the prior read of 50.2 which was expected to remain steady. Meanwhile, the German labor market showed some strength with unemployment claims dropping by 10,000, although the jobless rate in the motor of the euro zone economy remained unchanged at 6.2%. On the day’s result, British FTSE rose by 1.72%, DAX (Germany) has increased by 0.92%, CAC 40 (France) grew by 2.34%.
Februarys’ contractual price on Brent oil, decreased by $0.01 to $35.96 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 0.24% to 629.44. Share trades capacity on the application market was equal to UAH 1.7 million. Trades capacity on the derivatives market was equal to UAH 3.6 million. Total trades capacity for yesterday — UAH 12.1 million.
From ten shares of an index basket, four have risen. Leaders of growth were shares of Avdiivka Coke Plant (+3.61%). Worse than market looked shares of Alchevsk Metallurgical Plant (-2.40%).
The National Bank of Ukraine expects that the debt on refinancing credits in 2016 will be paid thanks to sale of assets used as collateral for credits that could be worth UAH 12.8 billion. According to the NBU, expected revenue from sale of property is UAH 1.7 billion, securities – UAH 4 billion and rights to credits – UAH 7.1 billion.
Premarket
External background at the opening is moderately positive.
The Asian indexes are growing today. Nikkei rose by 4.11%, Hong Kong Hang Seng increasing by 2.69%.
Futures on American indexes are growing today from 0.10% to 0.22%.
Russian indexes as of 9:44 EET are rising — MICEX increasing by 0.36%, RTS growing by 0.75%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published PPI in the E.U. (12:00 EET).
In the U.S. will be published ADP nonfarm employment change (15:30 EET) and data on crude oil inventories (17:30 EET).
ITT Investment group
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