OREANDA-NEWS. November 14, 2011. Concorde Capital released daily Ukrainian market view:

Ukraine rallied on Friday, with the UX soaring up 7.18%. Almost half of the UX index basket posted double-digit gains, led by several basic materials companies: Yasynivsky Coke (YASK UK) +46.66%, Avdiivka Coke (AVDK UK) +22.87%, and Yenakiieve Steel (ENMZ UK) +13.68%.

U.S. stocks also closed higher on Friday, with the S&P 500 and Nasdaq rejoining the Dow in positive territory for 2011, after a gauge of consumer confidence exceeded expectations and political changes in Europe helped assuaged investor concerns. Italy’s senate voted on Friday for austerity measures initially pledged to the European Union, helping to further bring down the yield on Italy’s 10-year bonds. Mario Monti, a former member of the European Commission, on Sunday was asked by Italy’s president to form a new government, one day after Prime Minister Silvio Berlusconi resigned. Asian stocks are up the most in a week this morning and copper is also climbing after data was released that Japan’s economy grew for the first time in a year.