Last closure
On Tuesday, October 4, trades in USA have come to the end with mixed dynamics, taking a pause after five straight days of gains. The trade deficit swelled to $48.3 billion in August. Economists had estimated that the trade deficit, or the excess of imports over exports, increased to $48 billion from $41.81 in the prior month. Core imports rose 2.6%, driven by consumer goods. The goods and services deficit has increased 5.2%, or $17.6 billion year-to-date. The International Monetary Fund (IMF) has slashed the global gross domestic product (GDP) growth forecast for the year from 3.3 percent to 3.1 percent. The fund, however, expects global growth to pick up to 3.6 percent next year. On the day’s result, index Dow Jones rose by 0.08%, S&P has lowered by 0.36%, Nasdaq has decreased by 0.69%.
European stock exchanges closed with growth of main indexes, as disappointing data fueled hopes of loose monetary policy for longer and higher oil prices propped up the region’s energy companies. Report from Germany showed manufacturing orders in Europe’s largest economy unexpectedly slumped in August. The disappointing reading is seen as a sign that slower growth in China and recessions in other key markets are starting to affect Germany’s export-driven economy. On the day’s result, British FTSE rose by 0.43%, DAX (Germany) has increased by 0.90%, CAC 40 (France) grew by 0.95%.
Novembers’ contractual price on Brent oil, grew by $2.67 to $51.92 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 3.62% to 849.91. Share trades capacity on the application market was equal to UAH 1.4 million. Trades capacity on the derivatives market was equal to UAH 4.3 million. Total trades capacity for yesterday — UAH 15.7 million.
From ten shares of an index basket, two have risen. Leaders of growth were shares of Avdiivka Coke Plant (+0.51%). Worse than market looked shares of Alchevsk Metallurgical Plant (-7.19%) and Motor Sich (-6.97%).
The International Monetary Fund (IMF) has once again revised its forecast for Ukraine's GDP in 2015 downwards, to 11% from 9% projected in June, the IMF said in a press release.
Premarket
External background at the opening is neutral. Fitch Ratings said Tuesday it had lowered Ukraine's long-term and short-term foreign currency IDRs from 'C' to 'RD' (restricted default). The long-term local currency IDR was affirmed at 'CCC' by Fitch Ratings. China's markets remain closed for the National Day holiday, with trading set to resume on October 8. The Asian indexes are growing today. Nikkei rose by 0.75%.
Futures on American indexes are growing today from 0.38% to 0.52%.
Russian indexes as of 10:03 EET are rising — MICEX increasing by 0.13%, RTS growing by 1.21%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In the U.K. will be published data on manufacturing production (11:30 EET).
In the U.S. will be published crude oil inventories (17:30 EET).
ITT Investment group
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