OREANDA-NEWS. October 25, 2011. Concorde Capital Released Daily Ukrainian Market View:

The UX rallied on Monday, with the UX rising 5.18%, following European and EM indices (RTS +3.58%; WIG +2.49%; FTSE +1.08%). Locally-traded blue chips advanced strongly, the best performers were Yasynivsky Coke (YASK UK, N/R) +14.09%, Alchevsk Iron & Steel (ALMK UK, N/R) +8.89%, Yenakiieve Steel (ENMZ UK, N/R) +8.69%.

U.S. stocks gained yesterday, bumping benchmark indices to their early-August highs, amid talks of a bigger bailout fund in Europe, takeover deals in the U.S., improvement in China’s manufacturing data and higher-than-estimated earnings from Caterpillar. Industrial metals jumped the most in three years in London yesterday and oil climbed to a two-month high above USD 91 a WTI barrel. We are seeing a slight correction on commodities market this morning, Asian stocks swing between gains and losses, and U.S. futures are in the red as investors await the results of the European economic summit tomorrow. We expect to see the Ukrainian stock market open flat today.