OREANDA-NEWS. October 20, 2011. Concorde Capital released daily Ukrainian market view:

Ukrainian equities finished up on Wednesday, with the UX advancing 0.27% as European and EM indices posted tentative gains (FTSE 100 +0.74%, DAX +0.61%, MSCI EM +0.85%). Locally-traded blue chips were mixed: the worst performers were Stakhaniv Wagon (SVGZ UK, BUY) -4.13%, while other machinery names closed up the most, Motor Sich (MSICH UK, BUY) +3.30% and Kryukiv Wagon (KVBZ UK, BUY) +1.55%.

U.S. stocks fell overnight, with indices turning lower in the latter part of the session as France and Germany disagreed on the role of the ECB in leveraging the rescue fund and banks lobbied against recapitalizations and larger writedowns of Greek debt. Also yesterday the U.S. Federal Reserve said companies grew more pessimistic about the U.S. economy. Asia stocks are trading in the red this morning, wiping out this week’s gains. We see the Ukrainian market opening about 1.5% lower today.