Ukraine’s equity
market reacted positively on Wednesday (Dec 18) to a deal with Moscow that
should shore up the country’s sovereign finances in the short term, with all 10
local blue chips gaining at least 1%. After the local close, Wall Street saw a
sharp rise after the Federal Reserve announced that it will reduce its monthly
monetary stimulus by only USD 10bn starting in January, leaving USD 75bn still
pouring into the US economy. The UX index picked up 2.6% to close at 916 points.
Russian-oriented Motor Sich jumped 5.8% to UAH 1667, its best level in nearly 3
months, and Azovstal and Raiffeisen Aval picked up 2.6% and 2.1% respectively.
In London, JKX Oil&Gas jumped 3.9% to GBp 72.50, while in Warsaw, Kernel had
no positive reaction to the Russian deal, slipping 1.1% to another fresh 4-year
low at PLN 36.80.
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