Market comment

Обзоры рынка 07.08.2012 Ukrainian equities rose on Monday to extend the previous week's gains, underpinned by better-than-forecast US non-farm payrolls and relief on Italian and Spanish bond yields. Ukrainian indices largely tracked European markets, which closed at 4-month highs, boosted by expectations that policymakers will take action to contain the euro zone debt crisis. Over in Warsaw, the WIG-Ukraine Index had a very strong day, tacking on 2.4% as blue chips Astarta (AST PW) and Kernel (KER PW) advanced 4.3% and 3.0%. Locally, steelmakers performed best: Alchevsk Steel (ALMK UK) +2.3% and Azovstal (AZST UK) +2.0%.