OREANDA-NEWS. October 5, 2011. Concorde Capital released daily Ukrainian market view:

Ukrainian equities plunged on Tuesday, with the UX dropping 5.98% and WIG-Ukraine falling 3.96%, suffering a worse decline than in other European and EM markets (MSCI EM -2.47%, FTSE 100 -2.58%, DAX -2.98%, WIG -2.33%). On the UX, some of the biggest losses were seen in steel and banks: Alchevsk Iron & Steel (ALMK UK, N/R) -8.01%, Yenakiieve Steel (ENMZ UK, N/R) -7.21%, Azovstal (AZST UK, N/R) -4.68%, Raiffeisen Bank Aval (BAVL UK, N/R) -6.42%, Ukrsotsbank (USCB UK, N/R) -5.23%.

U.S. stocks were trading in the red on Tuesday. Remarks from Federal Reserve Chairman Ben Bernanke, which hinted at further steps to stimulate the economy, failed to shift the major indices. U.S. stocks made a late-session rebound, with S&P index up more than 4% in the final 50 minutes of trading, after a report that European officials were moving toward a plan to recapitalize the region’s banks. Commodities rose for the first time in four days yesterday. Asia stocks are mixed this morning and U.S. index futures are declining following Moody’s downgrade of Italy’s rating by three notches. In our view, the Ukrainian stock market will opening moderately higher today.