22 ноября 2010

The Start of a Pre-Christmas Rally

The downward trend is reversing. Following a several months’ decline amid world’s growing indices, in October Ukraine’s market is headed upwards. While based on the last month’s results the UX index had slid 4%, since mid-October it has risen 11%. Growth was in part triggered by the Fed’s decision to buy out $600bn of bonds. Providing it sticks to its December habit of showing growth 90% of the time, the Ukrainian market may yet advance by another 15-20% till yearend.

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