ДИНАМІКА ФОНДОВИХ РИНКІВ ПРОВІДНИХ КРАЇН ЄС ТА УКРАЇНИ В УМОВАХ СВІТОВОЇ ПАНДЕМІЇ COVID-19

Abstract

The article analyzes the stock markets of the leading EU countries - France, Germany, Poland and Ukraine. The article presents the results of the analysis of the dynamics of indexes of represented stock markets, such as DAX in Germany, CAC 40 in France, WIG 20 in Poland and PFTS in Ukraine. The main enterprises included in these indexes of stock exchanges were identified. The impact of Covid-19 on the major indices of Europe's largest markets and, moreover, how they recovered from this economic crisis was assessed. It should be stated that all four countries are quite successful in overcoming the crisis. Among the surveyed countries for the period from 2017 to 2022, the largest growth was recorded in the stock markets of France and Germany, the least - in Poland. Higher growth rates in France and Germany are due to the policy of the European Central Bank, which, like the US Federal Reserve, during the global pandemic significantly increased the money supply, which led to rising stock prices for almost all assets The trend of all four indexes, in the long run, is growing, even with the global economic crises presence. Ukraine is the youngest country in Europe. Though, it should be stated that the Ukrainian stock market is developing slowly, but surely. The article identifies the factors of development of the Ukrainian stock market, the need for further reform and offers recommendations based on the analysis of stock markets in neighboring countries, including Poland, which has retained its national currency, despite participation in the European Union. Ukraine is a strategically important partner for the European Union. Given the fact that Ukraine has clearly defined the vector for Euro-Atlantic integration, a developed stock market is a necessity for its effective interaction with the European Union and the world community in general. An important positive step in the development of the national stock market was the adoption of the regulatory framework for European Union securities in Ukraine. This is a significant incentive for further development of the stock market of Ukraine and its integration into European financial institutions.