OREANDA-NEWS. October 19, 2011. Concorde Capital released daily Ukrainian market view:
The UX continued moving further into negative territory on Tuesday, falling 1.96% as EM equities lost ground yesterday (MSCI EM -1.69%). Among local blue chips, the worst performers of the session were banks UniCredit Bank Ukraine (USCB UK, N/R) -4.88% and Raiffeisen Bank Aval (BAVL UK, N/R) -3.64%.
U.S. stocks rallied on Tuesday, led by financial shares, after a British newspaper reported that France and Germany had reached an agreement to bolster the euro area’s rescue fund to EUR 2 trillion, and Bank of America posted better-than-estimated quarter results. Asia stocks are trading mostly higher this morning. However, U.S. stock futures are down slightly after Apple’s profit missed analyst estimates. We see the Ukrainian stock market opening higher today, while investors will be watching housing starts and CPI data in U.S., and Bank of New York Mellon, Morgan Stanley and US Bancorp are all set to publish their quarter results today.
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