Last closure
On Monday, May 9, trades in USA have come to the end with mixed dynamics, as investors await clarity on where crude is headed. Federal Reserve Bank of Minneapolis President Neel Kashkari said Wednesday that the central bank wants to get back to a normal interest-rate environment but won’t move aggressively to raise rates. Speaking at a town hall event in Rochester, Minn., Kashkari said the Fed is waiting to act until it has data to support a move. He said he expects moderate economic growth. On the day’s result, index Dow Jones has declined by 0.20%, S&P has increased by 0.08%, Nasdaq grew by 0.30%.
European stock exchanges closed with mixed dynamics of main indexes, as sliding oil prices subdued investor optimism over continued central bank support. Monday's Eurogroup meeting on Greek debt only lasted a few hours, ended without a concrete deal but embarked on a debate on debt relief for Greece. Finance ministers of the 19-country eurozone bloc discussed Greece's latest debt package and the contingency mechanisms in case Greece veers off course, as well as held first-round discussions on Greek debt sustainability, Eurogroup President Jeroen Dijsselbloem told a press conference. On the day’s result, British FTSE has declined by 0.18%, DAX (Germany) has increased by 1.12%, CAC 40 (France) grew by 0.50%.
June’s contractual price on Brent oil, decreased by $1.74 to $43.63 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by moderate growth, day passed without certain dynamics. Value of the UX index has declined by 0.31% to 640.11. Share trades capacity on the application market was equal to UAH 0.8 million. Trades capacity on the derivatives market was equal to UAH 0.9 million. Total trades capacity for yesterday — UAH 5.1 million.
From seven shares of an index basket, three have risen. Leaders of growth were shares of Azovstal Iron and Steel Works (+2.41%). Worse than market looked shares of Avdiivka Coke Plant (-2.14%). The International Monetary Fund has retained its forecast for Ukraine's economy growth in 2016 at 1.5% and in 2017 at 2.5%, according to an economic survey of the central and southern states of Eastern Europe, posted on the fund's website.
Premarket
External background at the opening is neutral. Consumer prices in China were up 2.3% on year in April, the National Bureau of Statistics said on Tuesday - in line with expectations and unchanged from the previous month. Producer prices were down an annual 3.4% versus expectations for a decline of 3.7% following the 4.3% drop in the previous month. The Asian indexes are showing mixed dynamics today. Nikkei rose by 2.15%, Hong Kong Hang Seng declining by 0.01%.
Futures on American indexes are growing today from 0.33% to 0.39%.
Russian indexes as of 10:03 EET are decreasing — MICEX decreasing by 0.08%, RTS lowers by 1.05%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In the U.S. will be published JOLTs job openings (17:00 EET) and data on API weekly cushing crude oil stock (23:35 EET).
ITT Investment group
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