OREANDA-NEWS. October 12, 2011. Concorde Capital released daily Ukrainian market view:

The UX dropped 2.55% yesterday, with virtually all local stocks closing in the red. The worst performers were Stakhaniv Wagon (SVGZ UK, BUY) -7.71%, Yenakiieve Steel (ENMZ UK, N/R) -4.21%, and Raiffeisen Bank Aval (BAVL UK, N/R) -4.14%. The local market declined more than other European and EM indices (FTSE 100 -0.06%, DAX +0.30%, MSCI EM +1.24%, RTS -0.77%).

U.S. stocks indices ended yesterday flat, as investors were unwilling to make big bets ahead of the start of the corporate earnings season and Slovakia’s vote on the eurozone bailout fund. Alcoa shares tumbled after earnings were released, after it reported third-quarter profit that missed analyst expectations. The Slovakian parliament rejected a plan to expand the EFSF bailout fund yesterday, but could revote later this week. Asia stocks erased declines amid speculation that China would boost support for its equity market. We expect the Ukrainian stock market to open moderately lower this morning.