Last closure
On Monday, November 21, trades in USA have come to the end with growth of main indexes, as the price of oil jumped. Investors are hoping that OPEC countries will soon finalize a deal that would cut oil production and help support prices. Fed vice chair Stanley Fischer said yesterday that "some combination of improved public infrastructure, better education, more encouragement for private investment, and more effective regulation all likely have a role to play in promoting faster growth of productivity and living standards". And, "by raising equilibrium interest rates, such policies may also reduce the probability that the economy, and the Federal Reserve, will have to contend more than is necessary with the effective lower bound on interest rates." On the day’s result, index Dow Jones has risen by 0.47%, S&P has increased by 0.75%, Nasdaq has grown by 0.89%.
European stock exchanges closed with growth of main indexes. ECB president Mario Draghi maintained that "the return of inflation towards our objective still relies on the continuation of the current, unprecedented level of monetary support, in spite of the gradual closing of the output gap." Governing council member Francois Villeroy de Galhau urged a "pragmatic approach, about the best evolution after March of all our available tools" and ruled out a "sudden stop" to the program. However, German finance minister Wolfgang Schaeuble urged ECB to exit the "unusual monetary policy" "as soon as possible". On the day’s result, British FTSE has risen by 0.03%, DAX (Germany) has increased by 0.19%, CAC 40 (France) has grown by 0.56%.
Decembers’ contractual price on Brent oil, grew by $2.04 to $48.90 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened higher, day passed without certain dynamics. Value of the UX index has increased declined by 0.22% to 803.49. Share trades capacity on the application market was equal to UAH 8.9 million. Trades capacity on the derivatives market was equal to UAH 4.1 million. Total trades capacity for yesterday — UAH 13.1 million.
From five shares of an index basket, two have risen. Leaders of growth were shares of Centerenergo (+1.01%). Worse than market looked shares of Ukrnafta (-2.49%).
Fitch Ratings on November 18 upgraded the Ukrainian City of Kharkiv's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) to 'B-' from 'CCC', and Short-Term Foreign Currency IDR to 'B' from 'C', the rating agency said in a statement. The outlook on the Long-Term IDRs is stable. Fitch also revised the outlook on the city's National Long-Term rating to Stable from Negative and affirmed it at 'A+(ukr)'.
Premarket
External background at the opening is positive.
The Asian indexes are growing today. Nikkei rose by 0.31%, Hong Kong Hang Seng increasing by 1.52%.
Futures on American indexes are growing today from 0.38% to 0.50%.
Russian indexes as of 9:33 EET are rising — MICEX increasing by 0.18%, RTS growing by 0.61%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In the U.S. will be published data on existing home sales (17:00 EET).
ITT Investment group
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