28 July 2014
Market Reviews
Daily Insight
Liquidity increases slightly; Ukrainian Eurobonds continue to decline; Primary auction announcement; Hryvnia weakens to 12/USD
Broader banking sector liquidity rose UAH1.14bn to UAH47.37bn last Friday as banks’ correspondent accounts with the NBU increase UAH0.98bn to UAH29.41bn and total CDs outstanding increase a mere UAH0....
ICUDailyInsight-20140728.pdf (661.1kb)
25 July 2014
Market Reviews
Daily Insight
Political news; IMF reviews global growth outlook; The NBU supports liquidity; Bondholders’ structure changes
The IMF issued an update to its semiannual projections on global growth last released in April when it reduced the growth rates for many key economies. In particular, the IMF sharply downwardly revise...
ICUDailyInsight-20140725.pdf (816kb)
24 July 2014
Market Reviews
Daily Insight
Liquidity fund reallocations; Eurobonds rebound; Hryvnia lower yesterday; Auction results
Yesterday’s primary auction was planned for Wednesday, most likely because funds paid on FX-denominated bond redemptions were due in investors’ accounts yesterday. This was the US$294m redemption of 1...
ICUDailyInsight-20140724.pdf (807.2kb)
23 July 2014
Market Reviews
Daily Insight
Services sector in June; UAH strengthens; Liquidity declines; YTMs diverge; Auction results
Broader banking sector liquidity declined UAH0.47bn to UAH44.95bn as banks’ correspondent accounts with the NBU fell UAH3.38bn to UAH28.03bn and total CDs outstanding increased UAH2.32bn to UAH11.95bn...
ICUDailyInsight-20140723.pdf (803.2kb)
22 July 2014
Market Reviews
Daily Insight
Liquidity declines; 2Q real GDP contracts 5% YoY; YTMs diverge slightly
The Ukrainian economy contracted 3% YoY in 1H, implying that after a 1.1% YoY decline in 1Q, a 5% YoY contraction followed, according to an official release yesterday. The Kremlin's aggression has had...
ICUDailyInsight-20140722.pdf (786kb)
21 July 2014
Market Reviews
Daily Insight
Ukraine - Russia stalemate takes an acute turn; Liquidity up; YTMs increase; NBU buys USD;
After the tragic loss of 298 civilian passengers on Malaysian Airlines MH17 on July 17, the Ukraine-Russia stalemate has taken an acute turn. Ukrainian officials accumulate solid evidence, including r...
ICUDailyInsight-20140721.pdf (799.4kb)
18 July 2014
Market Reviews
Daily Insight
Deadly events in Donbass; Liquidity declines despite support; YTMs increase;
Following the US government's imposition of additional sanctions on the Kremlin yesterday, a Malaysian Airlines aircraft was shot down in Donbass where pro-Kremlin militants continue to operate. At mi...
ICUDailyInsight-20140718.pdf (789.2kb)