EAVEX Weekly
Most Ukrainian blue chips finished higher last week, helped by positive sentiments on global financial markets. Stocks were on the rise worldwide as worries over the lack of a resolution to the US-China trade fight were offset by an assurance by Federal Reserve Chairman Jerome Powell that the US central bank is ready to be flexible on interest rates. In Ukraine related news, Defense Minister Stepan Poltorak claimed that NATO representatives have changed their positions on Ukraine’s accession to the alliance, and noted comprehensive assistance received by Ukraine from the bloc. Poltorak said NATO is considering four countries as potential members: Macedonia, Bosnia, Georgia and Ukraine. In our view, this is simply political posturing by President Poroshenko’s team ahead of the presidential election, and Ukraine has no chance to join NATO in the foreseeable future.
