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)

4 December 2015 Market Reviews

Daily Insight

ECB decision jolts FX markets

Yesterday's decision by the ECB to extend its current QE program by a piecemeal approach was welcomed by FX market participants by a kind of havoc. It sent the Euro firmly up, resulting in a rare one- ...

ICUDailyInsight-20151204.pdf  (674.3kb)

3 December 2015 Market Reviews

Daily Insight

US-Eurozone divergence gets new momentum

Yesterday, the widely discussed monetary divergence between the US and Eurozone economies was boosted by two events. First, consumer inflation in the Euro area was reported at 0.1% YoY, just below exp ...

ICUDailyInsight-20151203.pdf  (601.1kb)

2 December 2015 Market Reviews

Daily Insight

Stat budget law for 2016

Yesterday, the MoF published a draft of the 2016 state budget law, the delay of which has prevented the resumption of IMF lending. The budget process in Ukraine has been mired in controversy as two co ...

ICUDailyInsight-20151202.pdf  (674.6kb)