OREANDA-NEWS. October 11, 2011. Concorde Capital released daily Ukrainian market view:

The UX was lifted 1.42% yesterday thanks to a late surge as US markets opened yesterday strongly up (S&P 500 finished +3.41%, Dow Jones +2.97%). Other key European indices also closed in positive territory: FTSE 100 +1.80%, DAX +3.02%, WIG +2.93%, RTS +4.10%. Among locally-listed blue chips, the best performers were Ukrnafta (UNAF UK, U/R) +4.38%, Raiffeisen Bank Aval (BAVL UK, N/R) +2.64% and UniCredit Bank Ukraine (USCB UK, N/R) +2.14%.

U.S. stocks indices’ 3% rally on Monday was their best one-day performance in over six weeks, as France and Germany pledged to do everything necessary to support Europe’s banks, while investors awaited the start of third-quarter earnings season. Asian stocks are headed for their biggest four-day rally since 2009 as banks and exporters gain ground. We are expecting the Ukrainian stock market to open higher this morning. There is no major economic data due to be released today; investors will be watching the start of earnings season, with Alcoa reporting late in the evening.