UAIndex rose by 1.04% third consecutive day, followed by PFTS stock exchange (Ukraine) and China-AFF. Other major indices have shown
decline. European sovereign debt issues are still far to be solved as French President Nicolas Sarkozy and German Chancellor Angela Merkel will
meet on Monday to come up with yet another set of measures to deal with the current situation. China is still showing decline in production, dropping to 2009 levels, and government reacts by cutting interest rates in order to provide liquidity to the firms. The same measures are taken by Brazil. Only the U.S. is showing growth with declining unemployment, increased production and consumer spending in retail sector. Various leaders and top- managers are concerned with situation in European Union the most as it is not clear how those issues will be dealt with. Yields have rose for majority of European countries striving to sell government bonds. It is becoming clear that the next half-year will become a serious quest for the
Eurozone as an economic union.
 

UAIndex