OREANDA-NEWS. October 3, 2011. Concorde Capital released daily Ukrainian market view:

The UX shed 2.01% on Friday, following global indices back into negative territory (FTSE 100 -1.32%, DAX -2.44%, S&P 500 -2.50%). All but one local blue chips closed lower on the day: Stirol (STIR UK) +0.62%. The worst performers were Centrenergo (CEEN UK) -4.01%, Azovstal (AZST UK) -3.26%, and Alchevsk Iron & Steel (ALMK UK) -3.12%. The WIG-Ukraine index was flat to finish last week (+0.06%), with index stocks mixed: Astarta (AST PW, HOLD) -3.22%, Industrial Milk Company (IMC PW, N/R) +6.40%, Westa (WES PW, N/R) +3.58%.

We see the Ukrainian equity market starting this week down around 2%. Major U.S. stock indices fell by more than 2% on Friday, as the sovereign debt crisis in Europe and fears of a global slowdown overshadowed improving economic reports in the U.S. Asian stocks are heading south this morning, after the Greek government said on Sunday it would not meet its deficit target this year. The Euro fell to an eight-month low versus the US dollar, commodities are dropping, and U.S. index futures are trading 1% lower.