Financial markets survey 29.11.2021

Last trade week began with a decline in US stock indexes after information that US President Joe Biden nominated the current head of the Federal Reserve System Jerome Powell for a second term. This means that the FRS will continue its course to liquidity reduction. In recent weeks, investors have been waiting for a change of government and have been raising the rates of technology stocks. Against this background, there was an adequate response in the debt and foreign exchange markets: US Treasury yields rose, and the US dollar index reached its peak in 2021. The factor of stable demand for the US dollar has a negative effect, namely it weakens the currencies of transition economies.
Meanwhile, industrial production in Ukraine is gradually recovering. The IMF tranche was received to government accounts.

Financial markets survey 29.11.2021