The main European and US indices moved substantially higher on Wednesday (Jun 26); Germany’s DAX jumped 1.7% on comments by European central banker Mario Draghi that an end to the ECB’s monetary stimulus policy remains distant, while a weak figure of 1.8% first-quarter GDP growth in the US led investors to bet on a continuation of easy money from the Federal Reserve. However, Ukraine-listed stocks were largely unresponsive, with the local market stuck in an extended period of inertia. The UX index ended essentially unchanged at 860 points. CentrEnergo (CEEN) and Azovstal (AZST)were bright spots, adding 1.5% and 1.1% respectively, while Raiffeisen Aval (BAVL) was down 1.0% to 9.98 kopecks. In London, Ferrexpo (FXPO LN) was the most notable mover, sliding 3.9% to match its 45-month low of GBp 135 touched on Monday. In Warsaw, Kernel (KER PW) slipped 1.0% to PLN 48.
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