Last closure
On Tuesday, September 13, trades in USA have come to the end with decrease, as sentiment was hit by a sharp fall in the oil price, while investors speculated over when the U.S. Federal Reserve would raise interest rates. The federal government ran a budget deficit of $107 billion in August, the Treasury Department said Tuesday, $43 billion more than in August 2015. The government spent $338 billion last month, up 23% from the same month a year ago. Spending rose notably for veterans’ programs and Medicare, Treasury said. For the first 11 months of the fiscal year, spending is up 3%. On the day’s result, index Dow Jones has declined by 1.41%, S&P has lowered by 1.48%, Nasdaq has decreased by 1.09%.
European stock exchanges closed with decrease of main indexes, as a renewed slump in oil prices drove energy shares lower. The euro zone’s ZEW economic sentiment index rose less-than-expected last month, official data showed on Tuesday. In a report, ZEW said that Euro zone ZEW economic sentiment rose to a seasonally adjusted 5.4, from 4.6 in the preceding month. Analysts had expected Euro zone ZEW economic sentiment to rise to 6.7 last month. Businesses in Germany are not really optimistic. The ZEW Economic Sentiment remains unchanged at 0.5. Current Conditions are at 55.1, both below expectations. Employment is up 0.4% q/q in Q2, on top of an upwards revised 0.4% for Q1. Year over year, the figure is at 1.4%. On the day’s result, British FTSE has declined by 0.51%, DAX (Germany) has lowered by 0.43%, CAC 40 (France) has decreased by 1.19%.
Octobers’ contractual price on Brent oil, decreased by $1.22 to $47.10 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 3.06% to 761.11. Share trades capacity on the application market was equal to UAH 1 million. Trades capacity on the derivatives market was equal to UAH 3.7 million. Total trades capacity for yesterday — UAH 11.7 million.
All five shares of an index basket have risen. Leaders of growth were shares of Raiffeisen Bank Aval (+5.18%) and Centerenergo (+3.10%). The National Bank of Ukraine (NBU) hopes to receive two credit tranches of $2.3 billion this year from the International Monetary Fund (IMF), Deputy NBU Governor Oleh Churiy has said. We expect $1 billion in this tranche [the decision will be made by the IMF on September 14] and if we continue cooperation with the IMF – additionally $1.3 billion. A total of $2.3 billion by the end of this year, he told.
Premarket
External background at the opening is neutral.
The Asian indexes are showing mixed dynamics today. Nikkei has lowered by 0.69%, Hong Kong Hang Seng increasing by 0.11%.
Futures on American indexes are growing today from 0.21% to 0.24%.
Russian indexes as of 10:04 EET are showing mixed dynamics — MICEX decreasing by 0.02%, RTS growing by 0.16%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published industrial production in the E.U. (12:00 EET).
In the U.S. will be published data on durable crude oil inventories (17:30 EET).
ITT Investment group
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