OREANDA-NEWS. On 03 August 2009 UFC Capital Released Daily Market Expectations:

In Japan the inflation decelerated, while unemployment increased. On Friday, July 31, the European indices demonstrated slight decline (FTSE100 – “- 0.50%”, DAX – “ - 0.53%,” CAC40 – “- 0.27%”), which was caused by weak statistical data on unemployment in Eurozone – 9.4%, as well as expected decline in the US GDP – by 1.5%. Nonetheless, the actual decline in the US GDP was better than expected – 1.0%, which produced no significant effect on the US stock markets, which was stipulated, inter alia, by deterioration of figures recorded the quarter before. On Monday, August 3, Japan released not so good statistics: this June, in Japan, the pay level went down as compared with last June by 7.1%, while in Germany the retail sales (June vs. May 2009) plunged 1.8%. So, there are no grounds for increase in stock markets on August 3, yet, the recent developments demonstrate it is not the reason for the imminent decline in the global indices.

S&P enhanced its ratings outlook for Ukraine. Standard & Poor's, international rating agency, has confirmed its long- and short-term ratings of Ukraine related to its liabilities in foreign currency at the level of CCC+/C. The outlook has been changed from negative to positive. Ukraine’s ratings related to its liabilities in foreign currency have been confirmed at B-/C, while its rating under the national scale at – uaBBB. In line with the agency statements, the outlook revising reflects the progress of the Ukrainian government in implementation of structural reforms in it budget and financial areas in accordance with the terms of the International Monetary Fund program.

This July ended with large trade volumes. July 31, on PFTS SE 169 deals were made with the shares of Ukrainian companies for the total of UAH 24.0 mn. Again, the trade leaders were the shares of Alchevsk Iron and Steel (ALMK) – 27 deals. On Ukrainska SE there were registered 487 deals for the total of UAH 12.3 mn. The shares of Alchevsk Iron and Steel again were among the most traded ones – 91 deals. We must say that this July, the Ukrainian stock exchanges demonstrated an unexpected increase in trade volumes as well as number of deals. Traditionally, during the summer months, the investors activity is going down. Nonetheless, the demonstrated results may serve as a kind of indicator that evidences recovery of the Ukrainian investors’ confidence in the local stock market.