Last closure
On Wednesday, July 6, trades in USA have come to the end with growth, helped by rising oil prices, and after the Fed released minutes from its June meeting. Federal Reserve policymakers said it was prudent to wait for more data and the Brexit vote result before raising rates, and cited a slowdown in hiring as a reason to keep rates unchanged last month, according to meeting minutes released Wednesday afternoon. The non-farm payrolls report due Friday is the key data for the week. The ISM Non-Manufacturing PMI jumps to 56.5 points, showing solid growth rather than mediocre growth. The employment component advanced from 49.7 to 52.7 points – rise from slight contraction into growth area. On the day’s result, index Dow Jones rose by 0.44%, S&P has increased by 0.55%, Nasdaq grew by 0.75%.
European stock exchanges closed with decrease of main indexes, led by major banks and other financial stocks as worries persist about the impact of the Brexit. German factory orders were stagnant in May as a fall in demand at home and overseas balanced out increasing demand from other eurozone countries. Economists had forecast a 1% rise compared with the previous month. But the Economy Ministry said Wednesday that orders were flat overall following a 1.9% decline in April. Orders from inside Germany dropped 1.9% and those from outside the eurozone slipped 0.3%. Demand from other countries in the 19-nation eurozone was up 4%. On the day’s result, British FTSE has declined by 1.25%, DAX (Germany) has lowered by 01%67, CAC 40 (France) has decreased by 1.88%.
Augusts’ contractual price on Brent oil, grew by $0.84 to $48.80 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by decrease, day passed with negative dynamics. Value of the UX index has declined by 2.96% to 699.30. Share trades capacity on the application market was equal to UAH 0.6 million. Trades capacity on the derivatives market was equal to UAH 4.1 million. Total trades capacity for yesterday — UAH 12.4 million.
From five shares of an index basket, five retreated. Worse than market looked shares of Raiffeisen Bank Aval (-5.34%) and Centerenergo (-3.26%).
Ukraine's forex reserves grew by 3.3% or $452 million in June, to $13.988 billion, the National Bank of Ukraine (NBU) has reported on its website. The central bank said that in the past 12 months reserves expanded by 36.3%.
Premarket
External background at the opening is neutral.
The Asian indexes are showing mixed dynamics today. Nikkei has lowered by 0.67%, Hong Kong Hang Seng increasing by 0.77%.
Futures on American indexes are slightly decreasing today from 0.04% to 0.05%.
Russian indexes as of 10:03 EET are rising — MICEX increasing by 0.64%, RTS growing by 1.13%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe ECB publishes account of monetary policy meeting (14:30 EET).
In the U.S. will be published ADP nonfarm employment change (15:15 EET) and data on initial jobless claims (15:30 EET).
ITT Investment group
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