Business news from Ukraine

Western European stock indexes are mainly down during the trading on Friday, following the Asian stock markets.
Investors are waiting for the report on the U.S. labor market for November, which will be released at 15:30 ksec.
The consensus forecast of experts polled by Trading Economics expects the number of jobs in the U.S. economy to increase by 200,000 in November and the unemployment rate to remain at 3.7%.
The November labor market report is important to the Federal Reserve (Fed), which will hold its next meeting on December 13-14. Judging by futures quotations for the prime rate, the market expects the Fed to raise it by 50 bps. – to 4.25-4.5% per annum.
The composite index of the region’s biggest companies Stoxx Europe 600 had shed 0.25 percent to 442.84 points by 11.16 a.m. Ksk.
Germany’s DAX is up 0.16% while Britain’s FTSE 100 is down 0.32%, France’s CAC 40 is down 0.27%, Italy’s FTSE MIB is up 0.22% and Spain’s IBEX 35 is also down 0.22%.
Traders are analyzing the fresh batch of statistics and corporate news.
The total volume of German exports in October, adjusted for calendar and seasonal factors, decreased by 0.6% compared to the previous month to 133.5 billion euros, according to the Federal Statistical Office of Germany (Destatis).
Imports fell 3.7% to 126.6 billion euros. Germany’s foreign trade surplus was €6.9 billion the month before last, down from a revised €2.8 billion in September.
Meanwhile, industrial output in France fell 2.6% month-on-month in October, following a 0.9% decline in September. Economists polled by FactSet had expected a 0.2% decline.
Shares of British retailer ASOS PLC are down 0.3%. Kathy Mecklenberg, the company’s interim CFO, will resign to become the CFO of Softcat PLC, an IT company.
Volvo Car AB papers are down 0.25%. The Swedish car maker increased car sales by 12% year-on-year in November on the back of sustained strong demand.
The share price of Wizz Air Holdings PLC is up 1.9%. The European low-cost carrier carried 3.7 million passengers in November compared to 2.2 million in the same month a year earlier, the company said in a statement. Thus, the index increased by 70%.
The leaders in the decline among the components of the index Stoxx Europe 600 are shares of Swedish investment Kinnevik AB, which fell by 5.3%.

Western European stock indices are mainly increasing during the trading on Wednesday.
Traders are assessing a fresh batch of statistics and waiting for a speech by Jerome Powell, head of the U.S. Federal Reserve (Fed).
Powell will speak at 8:30 p.m. Wednesday at the Hutchins Center on Fiscal and Monetary Policy, giving his views on the economy and labor market. The event also includes answers to questions from the audience. Traders will closely follow the Fed chief’s statements, hoping to get signals about the future trajectory of monetary policy.
In early November, the Fed raised the rate by 75 basis points (bps) for the fourth consecutive meeting, and now the rate is at its highest level since January 2008 – 3.75-4% per annum. The last U.S. central bank meeting this year is December 13-14, and the market is expecting a more modest 50 bps rate hike.
The Stoxx Europe 600 composite index of the region’s largest companies was up 0.36% to 438.85 points by 10:57 a.m.
Germany’s DAX stock index is up 0.45%, Britain’s FTSE 100 is up 0.35%, France’s CAC 40 is up 0.3% and Italy’s FTSE MIB is up 0.31%. Meanwhile, Spain’s IBEX 35 is down 0.05%.
France’s GDP volume rose 0.2% in the third quarter from the previous three months, final data from the national statistics institute Insee showed. The final data matched a preliminary estimate. Analysts on average had not expected a revision, according to a Trading Economics survey.
GDP growth slowed from a 0.5% rebound in the second quarter.
Consumer prices in France, harmonized with European Union standards, rose 7.1% year on year in November, preliminary data from the Insee National Statistics Office showed.
Prices also rose 7.1% in October, and analysts polled by Trading Economics expected inflation to remain at the same level.
Meanwhile, consumer spending in the country collapsed 2.8 percent in October compared with the previous month, according to data from the Insee National Statistics Office. Analysts polled by Bloomberg expected a more moderate decline of 1 percent. The consensus forecast of experts polled by Trading Economics envisioned a decline of 0.6%. The decrease in consumer spending was the maximum since April 2021.
The number of unemployed in Germany increased by 17 thousand in November, according to the Federal Employment Agency of Germany. The rise in the index was marked at the end of the sixth month in a row.
Experts interviewed by Bloomberg agency forecasted an average growth of 13.5 thousand. Respondents of Trading Economics expected an increase of 13 thousand.
Shares of software developer Samhaellsbyggnadsbolaget i Norden are among the leaders of growth among Stoxx 600 components, which rose in price by 6%.
Shares of Hennes & Mauritz AB (H&M) are up 0.4%. The Swedish clothing retailer said it will cut about 1,500 jobs as part of a previously announced cost-cutting plan. The company also expects to record restructuring costs of more than SEK800 million ($75.6 million) in the fourth quarter.
Mulberry Group PLC’s stock price is down 15.8%. The British luxury brand, which specializes in the production of exclusive bags and accessories made of leather, received pretax loss in the first half of the current fiscal year.
Shares of SAS AB rose by 0.45%. The Scandinavian airline increased its net loss in the fourth fiscal quarter amid the negative impact of rising fuel prices and exchange rate fluctuations.

Stock indices of the largest Western European countries are changing weakly and multidirectionally at the beginning of the session on Wednesday.
Investors are assessing the latest data on business activity in the eurozone and waiting for the publication of the U.S. Federal Reserve’s November meeting minutes, which will be held on Wednesday evening.
At the last meeting the Federal Reserve increased the rate by 75 basis points and hinted at the possibility to reduce the rate rise at the next meetings. As experts expect, the protocol will show that the Fed leaders reached a consensus on the need to slow down the rate hike, writes Bloomberg. At the same time, however, there is no consensus among them as to what interest rate cap will lead to the beginning of the decline in economic activity and inflation.
The composite index of the largest companies in the region Stoxx Europe 600 by 10:40 a.m. decreased by 0.09% and was 435.94 points.
Germany’s DAX added 0.01%, France’s CAC 40 gained 0.03% and Britain’s FTSE 100 gained 0.4%. Meanwhile, Italy’s FTSE MIB and Spain’s IBEX 35 are down 0.6% and 0.2%, respectively.
The composite purchasing managers index (PMI) in the euro area in November rose to 47.8 points from 47.3 points in October, showed preliminary data from S & P Global, which calculates the indicator.
The value of the indicator below 50 points indicates a decrease in business activity in the sector. The index in the euro area remains below that mark for the fifth month in a row.
Germany’s composite PMI rose to 46.4 points this month from 45.1 points in October, the highest since August. Nevertheless its value indicates a decline in business activity for the third month in a row.
In France, the composite PMI in November fell to 48.8 points from 50.2 points a month earlier, according to preliminary data. The decline in business activity in the country was recorded for the first time since March 2021.
Share prices of Swiss bank Credit Suisse Group AG fell by 5.2%. The bank published the forecast for the fourth quarter of the current year, according to which it expects the pre-tax loss of $1.6 billion.
Papers of Johnson Matthey, a British chemical company, are falling by 3.1%. The company reported a decline in net profit in the first fiscal year.
Shares of Prosus NV of the Netherlands, which invests in tech companies, rise in price by 1.4%. The company grew revenues in the first fiscal half-year by 9% to $16.5 billion.
The value of United Utilities Group PLC, a British utilities provider, is up 0.1%. The company’s pre-tax profit doubled in the first fiscal year.
German carmaker Volkswagen AG dropped 1.9%. The company reached an agreement with the IG Metall union, which includes 125,000 VW employees, to raise their salaries and pay bonuses of 3,000 euros.

The European stock indexes are mainly declining in trading on Thursday as investors are waiting for data on consumer price dynamics in the U.S. and continue to evaluate quarterly reports of companies.
By 10:53 a.m. the Stoxx Europe 600 composite index of the largest companies in the region had declined 0.24% to 419.34 points.
The British FTSE 100 stock index was down 0.19%, Germany’s DAX was down 0.09%, Spain’s IBEX 35 was down 0.49% while France’s CAC 40 was down 0.37%. Meanwhile, Italy’s FTSE MIB gained 0.15%.
The U.S. Labor Department will release inflation data at 3:30 p.m. ET on Thursday. Analysts on average forecast that the rate of consumer price growth slowed to 8% in October from 8.2% a month earlier.
The data could affect the policy of the U.S. Federal Reserve (Fed), which is aggressively raising interest rates in an attempt to curb inflation.
Meanwhile, in the U.S., congressional vote counting continues. The majority in the House of Representatives, most likely, will go to the Republicans, but in the Senate the balance of power is not clear yet, the final result could be known in a few weeks.
The leader of the fall among the components of the Stoxx 600 are the shares of the French outsourcing company Teleperformance SE, which went down by 26.75%.
Deutsche Telekom AG papers are cheapening by 2.3%, although the Europe’s largest telecoms company increased its net profit 1.8 times in the third quarter this year and improved its annual adjusted profit forecast for the third time since the beginning of the year.
Credit Agricole Group’s share price is down 4.5%. The French banking group recorded a slight decline in net profit and revenue in the third quarter of 2022 amid high volatility in financial markets.
Shares of German Knorr-Bremse AG, which specializes in production of braking systems for trucks and commercial vehicles, rose 10.1%. The company increased its revenue in the third quarter of this year and confirmed its full-year forecast.
Delivery Hero SE is up 10.7%. The German delivery service updated its full-year financial outlook.
Shares of RWE AG are up 2.1%. The German energy company doubled its net profit excluding one-time factors in the first nine months of 2022 thanks to the rapid development of its renewable energy operations.