18 December 2015 Market Reviews

Daily Insight

Liquidity approaches UAH100bn

Yesterday's UAH3.67bn increase to UAH99.89bn in liquidity most likely was supported by the NBU (see comment below). Banks' correspondent accounts with the NBU rose UAH1.80bn to UAH33.93bn, while total ...

ICUDailyInsight-20151218.pdf  (670.8kb)

17 December 2015 Market Reviews

Daily Insight

Transportation and retail sectors in November

The recently published reports on transportation and retail trade have proven that economic activity in 4Q versus the previous quarter is recovering. Per the tables and charts below, over last three m ...

ICUDailyInsight-20151217.pdf  (691.2kb)

16 December 2015 Market Reviews

Daily Insight

Liquidity hits new highs

Banking sector liquidity once more set a new record high, up UAH0.22bn to UAH95.17bn yesterday. Banks' correspondent accounts with the NBU increased UAH0.25bn to UAH32.23bn, but total CDs outstanding ...

ICUDailyInsight-20151216.pdf  (665.8kb)

15 December 2015 Market Reviews

Daily Insight

FX markets brace for Fed rate increase this week

On Monday, commodities markets and commodity-dependent currencies retreated significantly again this week as a rate hike by the Fed is considered a hard certainty. The oil driven economies of Kazakhst ...

ICUDailyInsight-20151215.pdf  (672.3kb)

10 December 2015 Market Reviews

Daily Insight

UAH heads up

The hryvnia's was again in demand in the FX auction as the NBU bought into FX reserves US$9.80m after the previous day's purchase of US$27.90m. The weighted average rate at the auction amounted to 22. ...

ICUDailyInsight-20151210.pdf  (773.3kb)

9 December 2015 Market Reviews

Daily Insight

City of Kyiv exchange participation

At yesterday's City of Kiev bondholders' meeting, 92% of the holders of Kyiv-16 Eurobonds participated, from which 99% voted in favor of the exchange. Also, 57% of the holders Kyiv-15 Eurobonds voted ...

ICUDailyInsight-20151209.pdf  (723.8kb)

8 December 2015 Market Reviews

Daily Insight

Metinvest’s 9M15 EBITDA falls 63% YoY

In its trading update published yesterday, Metinvest reported its 9M15 EBITDA down 63% YoY to US$813m. The company’s 9M15 revenues dropped 36% YoY to US$5.4bn, capex declined 53% YoY to US$191m. As of ...

ICUDailyInsight-20151208.pdf  (787.7kb)

7 December 2015 Market Reviews

Daily Insight

USD recovers on jobs report

Following last Thursday's dramatic. decline, Friday's US jobs market report depicted a much more hopeful outlook for the US economy as 211,000 new non-farm jobs added in November exceeded market conse ...

ICUDailyInsight-20151207.pdf  (674.9kb)