Last closure
On Wednesday, September 7, trades in USA have come to the end with mixed dynamics, as investors digested the release of the Federal Reserve's Beige Book. The Beige Book, an important indicator on the state of the U.S. economy and as such, is a critical tool for the Fed in making key decisions, showed the Fed sees moderate wage growth in the coming months. “An increase is on the table” at the Fed’s next meeting, on Sept. 20-21, San Francisco fed president John Williams told reporters after a speech in Reno, Nev., in which he said he prefers a rate hike “sooner than later. ”Still, he said, he will not necessarily advocate for a rate hike at the coming meeting. On the day’s result, index Dow Jones has declined by 0.06%, S&P has lowered by 0.01%, Nasdaq grew by 0.15%.
European stock exchanges closed with growth of main indexes, as investors cautiously tested the waters one day ahead of the European Central Bank's policy meeting. Industrial production in Germany dropped strongly in July, feeding worries of a slowing economy at the start of the third quarter. The Economy Ministry said Wednesday production fell 1.5% in July over June. Analysts had predicted a 0.1% rise. Production in industry excluding energy and construction was down 2.3%, with the largest drop in the production of capital goods, which fell 3.6%. On the day’s result, British FTSE rose by 0.30%, DAX (Germany) has increased by 0.62%, CAC 40 (France) grew by 0.61%.
Octobers’ contractual price on Brent oil, grew by $0.72 to $47.98 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened by growth, day passed with positive dynamics. Value of the UX index has increased by 2.82% to 765.73. Share trades capacity on the application market was equal to UAH 8.9 million. Trades capacity on the derivatives market was equal to UAH 5.3 million. Total trades capacity for yesterday — UAH 14.3 million.
All five shares of an index basket have risen. Leaders of growth were shares of Worse than market looked shares of Centerenergo (+4.84%).
Premarket
External background at the opening is neutral. China’s exports in USD terms shrank 2.8% year-on-year, as compared with consensus expectations of a contraction of 4%. Meanwhile, in terms of CNY exports were up 5.9%. The country recorded a 1.5% rise in imports, much better than consensus expectations of a contraction of 4.9%. Japan’s gross domestic product (GDP) advanced 0.2% in the April-June period, up from a preliminary estimate of zero, the Cabinet Office confirmed in a revised estimate on Thursday. A median estimate of economists forecast no change from the initial estimate. The Asian indexes are showing mixed dynamics today. Nikkei has lowered by 0.32%, Hong Kong Hang Seng increasing by 0.42%.
Futures on American indexes are growing today from 0.02% to 0.07%.
Russian indexes as of 10:03 EET are rising — MICEX increasing by 0.38%, RTS growing by 0.91%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published interest rate decision by ECB (14:45 EET) and ECB President Draghi speaks at 15:30 EET.
In the U.S. will be published initial jobless claims (15:30 EET) and data on crude oil inventories (18:00 EET).
ITT Investment group
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