The next four ships with 88.17 thousand tons of agricultural products left the ports of Odessa and Pivdenny on Friday for the countries of Asia and Europe, the Ministry of Infrastructure of Ukraine reports.
“MAINLAND, NEW FAITH, USICHEM departed from the berths of the port of Odessa. From the port of Pivdenny – KARTERIA,” the agency noted on Facebook.
In general, since the launch of the first vessel with Ukrainian food, taking into account today’s vessels, 4.9 million tons of agricultural products have been exported. In total, 222 ships with agricultural products departed from Ukrainian ports, sent to the countries of Asia, Europe and Africa.
As reported, on July 22 in Istanbul, with the participation of the UN, Ukraine, Turkey and Russia, two documents were signed on the creation of a corridor for the export of grain from three Ukrainian ports – Chornomorsk, Odessa and Pivdenny.
Stock indices of the largest countries in Western Europe show weak and multidirectional changes during trading on Tuesday.
The composite index of the largest enterprises in the Stoxx Europe 600 region by 11:27 Moscow time increased by 0.15% and amounted to 413.99 points.
The German DAX indicator rose by 0.07%, the British FTSE 100 – by 0.2%, the Spanish IBEX 35 – by 0.03%. The French CAC 40 fell 0.07%, while the Italian FTSE MIB shed 0.33%.
Traders this week are looking forward to the meeting of the European Central Bank (ECB), which will be held on Thursday. At a meeting in July, the European Central Bank raised rates for the first time in 11 years, by 50 bp at once. The base interest rate on loans was raised to 0.5%, the rate on deposits – to zero, the rate on margin loans – to 0.75%.
The volume of orders of industrial enterprises in Germany in July fell by 1.1% compared to the previous month, the German Ministry of Economics reported.
Analysts on average expected a decline of 0.5%, according to data from Trading Economics. In June, according to revised data, the indicator fell by 0.3%, and not by 0.4%, as previously reported.
Shares of Volkswagen AG rise in price by 2.7%. The German carmaker has confirmed its intention to list the shares of luxury sports car manufacturer Porsche AG. The IPO could be the largest in German history and the largest in Europe since 1999, according to Refinitiv data.
Deutsche Lufthansa AG added 0.3% in price. The German airline will continue negotiations with the pilots’ union to avoid a strike that would lead to the cancellation of numerous flights.
Finnair Oyj’s shares are up 0.5%, although the Finnish carrier cut passenger numbers by 12% in August compared to the previous month.
Among the growth leaders among the components of the Stoxx Europe 600 index are shares of the German food delivery service Delivery Hero SE, which added 7.5%.
In addition, shares of Polymetal International PLC (+7.4%) and British bakery chain Greggs PLC (+6.7%) are steadily rising in price.
The European Medicines Agency (EMA) has recommended the use of Pfizer/BioNTech and Moderna vaccines adapted to protect against the Omicron coronavirus strain, the regulator said on Thursday.
The EMA Medicines Committee has recommended that two vaccines adapted for broader protection against COVID-19 be allowed to be used.
It notes that we are talking about vaccines aimed specifically at protecting against “omicron”.
According to the report, studies have shown that adapted versions of the vaccine “induce a strong immune response against Omicron and the original strain of SARS-CoV-2 in people who were previously vaccinated.”
Now the recommendation of the EMA committee will be sent to the European Commission, which “will make a final legally binding decision applicable in all EU member states”
The composite index of the largest companies in the Stoxx Europe 600 region decreased by 0.57% by 11:32 a.m. and amounted to 417.40 points.
The German DAX fell 0.5%, the French CAC 40 – 0.7%, the British FTSE 100 – 0.6%. The Italian FTSE MIB and the Spanish IBEX 35 were down 0.23% and 0.5% respectively.
Traders evaluate the latest statistics from European countries.
Consumer prices in France, harmonized with European Union standards, rose 6.5% year-on-year in August, according to preliminary data from the Insee National Statistical Office. Thus, the growth rate slowed down compared to 6.8% in July. Analysts had expected weakening to just 6.7%, according to Trading Economics.
Meanwhile, French consumer spending fell 0.8% in July from the previous month. The average forecast of experts assumed a decline of 0.3%, according to Trading Economics. Bloomberg respondents had forecast a 0.2% contraction.
French GDP increased by 0.5% in the second quarter compared to the previous three months, according to final data from the national statistical institute Insee. The final data coincided with the preliminary estimate. Analysts, on average, did not expect a revision, according to a Trading Economics poll.
The number of unemployed in Germany in August increased by 28 thousand – up to 2.497 million, according to the data of the Federal Employment Agency of Germany. The rise in the indicator was noted for the third month in a row.
Unemployment rose to 5.5% from 5.4% a month earlier.
Experts polled by Bloomberg predicted, on average, an increase in the number of unemployed by 28.5 thousand and a rise in the unemployment rate to 5.5%. Respondents of Trading Economics assumed an increase in the first indicator by 28 thousand and an increase in unemployment to 5.5%.
The drop leaders among Stoxx Europe 600 components are shares of the Polish supermarket chain Dino Polska, which shed 4.3%.
Airbus SE shares are down 1.9%. European Aerospace Corporation CFO Dominic Asam will leave his post in early March next year, the company said in a statement. He will take the position of CFO of SAP SE.
Danske Bank AS added 0.4% in price. A Danish bank will write off the debt of 90 thousand customers in connection with the discovery of errors in debt collection systems.
The income of NPC Ukrenergo from the sale of the interstate section for the export of electricity to Romania and Slovakia from June 30 to August 31 rose to UAH 2.94 billion.
According to the results of daily auctions held by Ukrenergo in these areas, in the last ten days of August, proceeds from the sale of cross-sections increased by UAH 1.02 billion due to an increase in electricity prices in Europe, which directly affects the price of cross-sections. As a result, exports to Romania for ten days cost UAH 502.1 million, which is 39% higher than in the third week of August, to Slovakia – UAH 519.5 million (63% higher than the average daily cross-sectional cost in the third week of August).
The most expensive was the section on the last day of August – in Romania 56.8 million hryvnia, in Slovakia 59.4 million hryvnia.
On the same date, a new record was also set for the maximum hourly price of a section – UAH 22.1 thousand / MWh in Romania and UAH 23.7 thousand / MWh in Slovakia (previous records were UAH 21.7 thousand, respectively) /MWh and 21.27 thousand UAH/MWh).
According to Energy Reform calculations, the average hourly price of a section for ten days of August amounted to UAH 16.7 thousand / MWh in Romania, and UAH 17.3 thousand / MWh in Slovakia.
According to the Market Operator, as of August 31, the average electricity price on the day-ahead market (DAM) in Romania is EUR684/MWh (in terms of the current euro exchange rate, about UAH 25,000/MWh) , Slovakia – EUR 673 / MWh (about 24.6 thousand UAH / MWh). In Ukraine, the electricity price of the BASE period on DAM is EUR 86/MWh (about UAH 3.14 thousand/MWh).
The most active exporter is the state-owned energy trader AK ECU, which entered the market on August 19. Of the possible 3,000 MWh per day, the company buys a section for export via the Romanian direction of 1488 MWh per day (62 MW per hour of the day), along the Slovak route – for the supply of 1512 MWh per day (63 MW per hour).
The second largest exporter in both directions remains DTEK Zakhidenergo, which bought out during this period mainly a cross-section for deliveries from 1,000,000 MWh to 1,200 MWh.
Most of the remnants of the cross-section were bought out by Latest Technologies 3000, Ukr Gas Resource, Electric Trading Group, and DE Trading. Many companies participated in auctions without results.
The state-owned PJSC “Ukrhydroenergo” continued to buy a section of 100 MW on a flat schedule for the supply of electricity to Moldova (a total of 2400 MWh per day).
The section to Poland continues to buy back at daily auctions in addition to the 147 MW of capacity bought out at the monthly auction of DTEK Zakhidenergo – on August 22-31 at 63 MW every hour (1512 MWh per day),
Sections from Slovakia, Romania and Moldova at daily auctions for the last ten days of August traditionally remained not redeemed.
The section price at all auctions, except for exports to Romania and Slovakia, is 0 UAH/MWh.
As reported, on July 28, ENTSO-E increased its capacity for export to Romania and Slovakia to 250 MW. Ukrenergo held a daily auction on the same day, dividing the capacity equally. A month earlier, commercial exports began with 100 MW to Romania, from July 7 they were shared with Slovakia for 50 MW.
According to the Ministry of Energy, technically, Ukraine can already export at a capacity of 1.5-1.7 thousand MW and expects an increase in exports over time.
The head of Ukrenergo, Volodymyr Kudrytsky, noted that he expects a decision to increase exports from the Europeans on September 2.
Investors are awaiting a speech by US Federal Reserve Chairman Jerome Powell at the annual economic symposium in Jackson Hole. Powell is expected to reiterate the US central bank’s commitment to rapidly raising rates to curb inflation.
Also in the spotlight is the news that British energy market regulator Ofgem will raise its electricity bill cap by 80% to £3,549 a year in October, after raising it by 54% in April.
The composite index of the largest companies in the region Stoxx Europe 600 by 10:59 Moscow time increased by 0.09% and amounted to 433.77 points.
The German DAX index rises by 0.32%, the French CAC 40 – by 0.27%, the British FTSE 100 – by 0.47%. The Italian FTSE MIB and the Spanish IBEX 35 are up 0.31% and 0.41% respectively.
French consumer confidence rose unexpectedly to 82 in August from 80 in July, the lowest level since June 2013. The indicator rose for the first time in eight months. Analysts on average predicted the indicator at the level of 79 points, writes Trading Economics.
Leading index of consumer confidence in Germany, calculated by the research company GfK, fell to a minimum since 1991, due to concerns about rising energy prices.
The value of the September index fell to minus 36.5 points compared to minus 30.9 points a month earlier. Analysts on average predicted a decline to minus 31.8 points, according to Trading Economics.
Shares of SAS AB rise in price by 1%. The Scandinavian airline increased its net loss in the third quarter of fiscal year 2022 due to flight cancellations and pilot strikes.
The price of Deutsche Lufthansa AG shares increases by 0.2%. The German carrier intends to continue talks with the union representing the company’s pilots amid wage disputes that threaten the company with strikes. Meanwhile, the union has already begun preparations for a strike.
Among the growth leaders in the composite regional index are traded shares of SKF AB, which produces health and hygiene products, (+6.2%), the Swedish oil and gas Orron Energy (+4.9%) and the Swiss online pharmacy Zur Rose Group AG (+ 3.8%).
