Last closure
On Tuesday, April 5, trades in USA have come to the end with decrease, as the head of theInternational Monetary Fund sounded downbeat on the outlook for the world economy. Christine Lagarde, the head of the IMF, warned in a speech that "the recovery remains too slow, too fragile." She said the world economy isn't in a crisis but that slow growth risks becoming ingrained as a "new mediocre." She noted the outlook for the next six months has weakened, suggesting the IMF may be revising its forecasts lower. The US ISM Non-manufacturing PMI index for March rose to 54.5%, an increase of 1.1% from the February reading of 53.4%. This is above the analyst consensus estimate of 54%. On the day’s result, index Dow Jones has declined by 0.75%, S&P has lowered by 1.01%, Nasdaq has decreased by 0.98%.
European stock exchanges closed with decrease of main indexes, with German equities tumbling the most. Markit’s composite PMI in the Eurozone, seen as a leading indicator of the region’s growth outlook, rose fractionally to 53.1 in March from 53.0 in February. However, this was below the consensus and initial estimate of 53.7, a sign of how tepid the region’s economy still is despite the European Central Bank's efforts to boost domestic demand and raise prices. In Germany, the composite PMI fell slightly to 54.0 in March, from 54.1 in February and its services index declined to 55.1 from 55.3 in February. Compounding the poor data out of the euro area’s largest economy was proof that Germany's manufacturing orders decreased markedly in the second month of the year. On the day’s result, British FTSE has declined by 1.19%, DAX (Germany) has lowered by 2.63%, CAC 40 (France) has decreased by 2.18%.
May’s contractual price on Brent oil, grew by $0.18 to $37.87 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 1.03% to 563.47. Share trades capacity on the application market was equal to UAH 8.5 million. Trades capacity on the derivatives market was equal to UAH 4.5 million. Total trades capacity for yesterday — UAH 13.1 million.
From ten shares of an index basket, four have risen. Leaders of growth were shares of Ukrnafta (+8.70%) and Avdiivka Coke Plant (+7.18%). Worse than market looked shares of Donbasenergo (-6.31%) and Azovstal Iron and Steel Works (-3.13%).
Premarket
External background at the opening is neutral. The Caixin China services purchasing managers' index rose to 52.2 in March from 51.2 in February. The Asian indexes are showing mixed dynamics today. Nikkei has lowered by 0.11%, Hong Kong Hang Seng increasing by 0.06%.
Futures on American indexes are decreasing today from 0.22% to 0.27%.
Russian indexes as of 10:01 EET are rising — MICEX increasing by 0.37%, RTS growing by 1.18%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In the U.S. will be published crude oil inventories (17:30 EET) and FOMC meeting minutes (21:00 EET).
ITT Investment group
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