Last closure
On Friday, July 3, U.S. financial markets were closed in observance of the Independence Day holiday.
European stock exchanges closed with decrease of main indexes, as Greece called for a write-down on its debt and investors braced for a referendum this weekend. Markit data firm on Friday raised its composite purchasing managers index for the eurozone – a measure of activity in manufacturing and services – to 54.2 in June from a preliminary estimate of 54.1, thanks to faster manufacturing output growth. A reading below 50 indicates activity is declining, while a reading above that level indicates it is increasing.
On the day’s result, British FTSE has declined by 0.67%, DAX (Germany) has lowered by 0.37%, CAC 40 (France) has decreased by 0.57%.
Augusts’ contractual price on Brent oil, decreased by $0.06 to $62.07 per barrel.
In Ukraine
Trades on the Ukrainian stock exchange opened on neutral territory, day without certain dynamics. Value of the UX index has increased by 0.05% to 1015.48. Share trades capacity on the application market was equal to UAH 5.3 million. Trades capacity on the derivatives market was equal to UAH 3.1 million. Total trades capacity for yesterday — UAH 15.9 million.
From ten shares of an index basket, five have risen. Leaders of growth were shares of Donbasenergo (+1.76%). Worse than market looked shares of Azovstal Iron and Steel Works (-0.63%).
The International Monetary Fund has agreed with the government of Ukraine on conditions to provide the next tranche. "Based on the discussions between the IMF representatives and the Ukrainian authorities, an agreement was reached at the working level on a number of policy measures needed to complete the first review under the Extended Fund Facility program (EFF)," the official report says.
Premarket
External background at the opening is moderately negative. Greece lurched into uncharted territory and an uncertain future in Europe's common currency Sunday after voters overwhelmingly rejected demands by international creditors for more austerity measures in exchange for a bailout of its bankrupt economy. Results showed about 61 percent voted "no," compared with 39 percent for "yes," with 100 percent of the vote counted. The referendum — Greece's first in more than four decades — came amid severe restrictions on financial transactions in the country, imposed last week to stem a bank run that accelerated after the vote was called.
The Asian indexes are decreasing today. Nikkei has lowered by 2.08%, Hong Kong Hang Seng declining by 4.09%.
Futures on American indexes are decreasing today from 0.83% to 0.95%.
Russian indexes as of 10:01 EET are decreasing — MICEX decreasing by 0.86%, RTS lowers by 1.72%.
Our expectations
We expect opening of the Ukrainian market by decrease.
In Europe will be published PMI in Ukraine (16:19 EET).
In the U.S. will be published markit composite PMI (16:45 EET) and ISM non-manufacturing PMI (17:00 EET).
ITT Investment group
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