The Prask Stock Exchange has given a week of below-average liquidity to the yen, which is below average.
The European stock markets continued to deteriorate as the day progressed and finally lost some ground. The main reason was the unrecognizable macroeconomics, first from Germany and later from the USA. The GDP of Europe’s largest economy for 4Q22 was revised to a decrease of 0.4% compared to the original estimated decrease of only 0.2%.
The afternoon inflation data showed an unexpected strong increase in inflation pressure in the PCE range, which is the preferred inflation indicator for the local central bank. The market has become convinced that the Fed’s repurchase is under the boiler, and that the stock market has not been satisfied for a long time. The data from the USA was all the more unpleasant, as it showed less than expected growth in personal income.
Today, BASF’s announcement of the death to lay off approx. 2,600 employees and stop the share buyback program and thus Ericsson, which initially intended to lay off approx. 8,500 employees, caused a negative impact.
All main sectors were in the red, led by the travel and hospitality sector, with the index falling by 3%, and the raw materials sector depreciating by 2.7%.
In the light of the changed macroeconomic indicators, the US markets fell into significant negatives right from the start of their trading session. Investors are worried that, in addition to the renewed rapid growth of rates, the external rates will consequently be stagnant for a long time.
The Eurodollar after a generally calm morning after the announcement of changes in US data hit in favor of greenbacks.
The koruna was slightly stronger against the euro, while the dollar weakened in the afternoon.
In the first half of the day, oil rose slightly due to concerns about the rise in Russian oil production. In the afternoon, however, the situation changed dramatically, and oil began to lose heavily due to fears of a strengthening dollar.
The trend was similar for gold.
BCPP today means the opposing effects of slight selling pressure on the shares of EZ and Erste and, on the contrary, a light acquisition of the shares of domestic banks.
Comments k every day at the markets and mainly at first:
12:00 p.m. – Europe did not hit the morning positive mood in the morning, BCPP is holding on to the public animal with teeth and nails, money markets are quite calm,
oil rises due to Russian comments on production
