OREANDA-NEWS. October 26, 2011. Concorde Capital released daily Ukrainian market view:
Ukrainian exchanges ended a volatile trading session in the red on Tuesday, with the UX down 0.82%. Blue-chips swung between gains and losses as investors were cautious before today’s Eurozone summit, and following weak economic data and earnings reports from the U.S. The biggest losses were recorded by Raiffeisen Bank Aval (BAVL UK, N/R) -4.36% while the best performers were Alchevsk Iron & Steel (ALMK UK, N/R) +3.13% and Khartsyzsk Pipe (HRTR UK) +4.72%.
U.S. stocks fell yesterday, halting a three-day rally, with investors wary before the Eurozone summit and as economic reports and earnings of UPS, 3M, and Netflix missed estimates. Asian stocks are trading in the green this morning and indices erased earlier losses, with metals rallying after comments from Chinese Prime Minister Wen Jiabao stoked speculation the nation would ease monetary policy. We see the Ukrainian stock market opening today flat.
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