Last closure
On Monday, October 10, trades in USA have come to the end with growth, as rising optimism that OPEC would reach a deal to cut production. Saudi Arabia’s energy minister, Khalid al-Falih, said he was optimistic that major oil producers could agree to cut production before year-end. He also said it wasn’t “unthinkable” for crude to rise to $60 a barrel this year. On the day’s result, index Dow Jones rose by 0.49%, S&P has increased by 0.46%, Nasdaq grew by 0.69%.
European stock exchanges closed with growth of main indexes, boosted by oil’s rally. German imports and exports rebounded decisively in August after an unexpected slump in July. Provisional figures from the Federal Statistical Office pointed to a 5.4% month-on-month increase in exports, after a 2.6% drop in July. That was well above the consensus for a 2.2% rebound and the fastest pace of export growth in more than six years. Imports, which had slipped 0.7% in July, were up 3.0% month-on-month, striding ahead of the 0.7% growth rate analysts had predicted. On the year August exports rose by 9.8% and imports increased by 5.3%. On the day’s result, British FTSE rose by 0.75%, DAX (Germany) has increased by 1.27%, CAC 40 (France) grew by 1.06%.
Novembers’ contractual price on Brent oil, grew by $1.21 to $53.14 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 0.% to 1864.50. Share trades capacity on the application market was equal to UAH 2.7 million. Trades capacity on the derivatives market was equal to UAH 3.1 million. Total trades capacity for yesterday — UAH 58.1 million.
From five shares of an index basket, four have risen. Leaders of growth were shares of Raiffeisen Bank Aval (+3.71%) and Ukrnafta (+3.62%). Worse than market looked shares of Motor Sich (-0.90%).
Investment interest in Ukraine is restrained by the unfavorable business environment in the country, according to participants in the Kyiv International Economic Forum held on October 7-8. According to Ambassador of Canada to Ukraine Roman Waschuk, Canadian investors are interested in entering or expanding activities in Ukraine. At the same time, they are interested in certain guarantees of investment protection.
Premarket
External background at the opening is mixed.
The Asian indexes are showing mixed dynamics today. Nikkei rose by 0.98%, Hong Kong Hang Seng declining by 1.42%.
Futures on American indexes are decreasing by 0.20%.
Russian indexes as of 10:03 EET are decreasing — MICEX decreasing by 0.20%, RTS lowers by 0.58%.
Our expectations
We expect opening of the Ukrainian market on neutral territory.
In Europe will be published ZEW economic sentiment in Germany in the E.U. (12:00 EET).
In the U.S. FOMC member Kashkari speaks at 18:00 EET.
ITT Investment group
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