Global indices have shown growth as the situation has shown a tendency towards stabilization in Europe. German court has approved the country’s role in assistance of EU countries that are in the state of the need for economic assistance. Italy has approved austerity package which should enable the country to deal with its debt crisis on its own. At the same time European Central Bank was frantically buying Italian treasury bunds, pumping funds in the country to somehow level-off its debt levels.

Crude oil has shown a surprising increase of 3.32 USD, reaching the closing level of 89.34 USD, giving additional confidence to the investors. Australian government has issued employment report, which has shown only 0.1% unemployment increase compared to 5.1% increase in August. U.S. on the other hand requires help with its employment state as no new jobs were added in the economy in August. Look forward to President Obama’s speech, on September 8, 2011 as he will address the Congress in relation to the current state of the economy in general and employment situation in particular.

UAIndex has shown increase, reacting positively to the news from Europe, yet harvesting situation as well as the political events still affect the its performance to the greatest extent.

UAIndex