OREANDA-NEWS. October 18, 2011. Concorde Capital released daily Ukrainian market view:

The UX started of the week sharply lower, dropping 2.36% on Monday as sentiment across Europe fell (FTSE 100 -0.54%, DAX -1.61%, WIG -0.50%, RTS -1.52%). The worst performers on the local market were Ukrtelecom (UTLM UK, BUY) -2.85%, UniCredit Bank Ukraine (USCB UK, N/R) -2.62%, and Donbasenergo (DOEN UK, BUY) -2.46%. Donetskstal shares that resumed trading yesterday after a ban imposed by the Securities & Exchange Commission was lifted both plummeted: Yasynivsky Coke (YASK UK, N/R) dropped 33.24% and the Pokrovskoye mine fell 14.43%.

European and U.S. stocks fell on Monday in their worst trading session in two weeks, retreating after their best weekly gains in more than two years, as Germany dampened expectations for a fast resolution to Europe’s debt crisis. IBM, Wells Fargo and Citigroup quarterly earnings all missed analyst estimates. Asia stocks are trading sharply lower this morning after news that China’s economy grew at its slowest pace in two years. We are expecting the Ukrainian stock market open in the red, following the decline on global markets.