Financial markets survey 20.09.2021

The previous trading week started with growing key stock indices spurred by optimistic moods connected with economic recovery and the absence of significant corporate news and macrostatistical data. However, by the end of the previous week, the majority of global indices stepped back from their record-highs. The American market was demonstrating unconcealed weakness, fearing the results of the FRS meeting (over 21-22 September) as regards curtailing incentive programs. Investors also focused their attention on the plan of US President Biden’s Government to increase the corporate tax that may result in raising the corporate tax rate from 21.0% to 26.5%. Expectations of falling shares that are traditionally typical of September are putting additional pressure on the market. Currently, the risk factor continues to be a growing number of those infected with coronavirus.
Ukraine’s real GDP grew 5.7% year-on-year. The EC approved allocating EUR 600.0 million to Ukraine.

Financial markets survey 20.09.2021