Ukrainian Globalist

June 16 came into force Act № 6337 “On amendments to some legislative acts (in terms of taxation), which provides for an increase in excise duty on petroleum products. Higher fiscal burden of oil traders are already embedded in retail prices, thereby shifting the problem onto the shoulders of consumers. In the short term fuel will continue to go up under the pressure of world trends.

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Hryvnia has remained stable against the U.S. dollar. At the same time in the last three months the rate is kept at a level below 8 UAH / USD. Exchange rate fluctuations are almost invisible, in May, the value of the course thrilled at around 7,92-7,93 UAH / USD. In such circumstances, banks are almost lost one of the main sources of income – income from foreign exchange.

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Dow Jones Industrial Average climbs close to the mark of 10,312.72 points. The day brought the Dow Jones plus + 121.83 (1.20%). Dow Jones Industrial Average gives the bulls hope for a successful trading week. At the same time, the bulls on the Dow index concerned about news from Europe. The Old World has shown mixed dynamics today, and the threat of defaults remains:

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Is it true that Europe has made the impossible and got free cheese? And it looks that way, judging by the movement of stock markets, currencies and securities with fixed interest rates after the implementation of programs to save 750 billion euros. Investors breathed a sigh of relief, and shares soared upwards in all areas of the world after reporting a 20 percent increase in stock price of European financial companies, which is hard to believe.

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News in Ukraine are very sad. The consequences of the collapse of the euro in Greece will affect Ukraine, – stated Deputy Director of the Institute of World Economy and International Relations Valery Novitsky. “Firstly, the interest of Ukraine to the EU will decrease. Because the euro area today is the yoke for the EU itself. Secondly, there is a tendency to decline in the euro. Today they predict that dollars and euro rate will be 1:1. Both currencies are beaten for mercy, and to whose mercy people will be stronger, and it will win, “- said the expert.

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