Ukrainian and European stocks saw little movement on Wednesday (Jun 19) ahead of a summary of this week’s FOMC meeting from US central banker Benjamin Bernanke that was presented after the local market close. Bernanke’s statement that an end is in sight to US quantitative easing sent US and Asian markets notably lower overnight, but the Fed chief’s words were largely overshadowed by reports that he will step down early next year, with deputy Janet Yellen as the most likely replacement. The UX index ended essentially unchanged for a second straight session at 871 points. UkrNafta (UNAF) gave back 1.7% of its 6% rise from Tuesday, while UkrSotsBank (USCB) gained 1.2% to 12.76 kopecks. Outside the UX basket, Bank Forum (FORM) added 2.5% and Bogdan Motors (LUAZ) moved down 5.4% to 4.30 kopecks. In London, Avangard (AVGR LI) and JKX Oil & Gas (JKX LN) lost 2.7% and 3.3% respectively, while MHP (MHPC LI) bounced back from Tuesday’s selloff with a 2.1% rise to USD 17.90.
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