Last week global stock markets were demonstrating positive dynamics. The key event for investors was a speech made by FRS Chair Jerome Powell at the Annual Economic Symposium in Jackson Hole where it was expected that hints would be made regarding further policy of the US central bank. Optimism on markets was supported by strong macroeconomic data from the US, several quarterly financial statements from the corporate sector and a forecast model by the Institute for Health Metrics and Evaluation that demonstrated that the peak of COVID-19 incidence in the US may have already been reached. Estimates of GDP growth in the US in the second quarter were revised upwards. In the second quarter of 2021, the US economy grew 6.6% in annual terms. Previous data estimated the US economic growth at 6.5%.

Industrial output is growing at a slower pace. Ukraine received more than USD 2.7 bln from the IMF.

Financial markets survey  30.08.2021