After the closing of Ukrainian sites, the S&P 500 won back losses incurred in the first half of trading on Thursday and ended the trading session higher than 1,400 points. Thus, global markets managed to take an upward turn and, at first glance, appear to have exhausted the potential for a short-term correction. The dynamics of risky assets observed this morning confirms this view, since the vast majority of commodities and stock markets are showing moderate growth.
As a result, just as occurred last week, the Ukrainian stock market has a good chance of showing its true strength. If, against the background of external optimism, the UX Index gains a foothold above the highs of March 27, then the 5% increase posted over the last 5 trading sessions can not be seen as a rebound, even a temporary one; rather, it would indicate a change in attitude from pessimism to optimism. Otherwise, we can expect the beginning of another period of “lagging” behind world markets.
