New Year, Old Worries: “January effect” is wearing of quickly
2012-01-05 17:10:06
Major indices were up Wednesday, December 04, 2012, except Warsaw WIG and Ukrainian UAIndex. Worries about situation in Europe renewed,
especially debt ones as governments continue struggling for spending cut programs. Eventually, European banks face liquidity problems as one of
the largest financial institutions, UniCredit bank offered stock at 69% discount, showing desperation for attracting funds in this volatile situation. Most
of the agricultural companies’ stocks were down anticipating further decline.
UAIndex