UFC Capital Announced Ukrainian Market Daily Expectations (Nov 27)
OREANDA-NEWS On 27 November was announced, that the situation in the US economy is still getting worse. The sales of new houses plunged to their 1991-year minimum amid sustainably high unemployment and more-than-expected decline in business confidence. Despite the relatively small efficiency of the global economy support by the base rates cut, central banks are keep on taking similar measures. Particularly, in China the rate was cut to 5.58%, while the ECB and Fed are considering the possibilities to adopt similar measures.
Exchange rates fluctuations are still significant. Hryvna again weakened considerably against the US dollar (this time – by 2%). Besides, as the Ukrainian borrowers’ foreign currency liabilities will mature soon, almost nobody expect that the official UAH rate will stay at the today's level of UAH 6.74/USD . In addition to hryvna decline, another growth factor for the Ukrainian stock market growth on Thursday may become a 1-2% surge in major global indicators.
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