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European Stock Markets Weaken in Response to Weak Japanese Macros and US Data, Russian Central Bank Raises Interest Rates

The Prask stock market weakened significantly today after the cucumber market.

European stock markets weakened sharply today in response to weak Japanese macros, indicating a slowdown in the growth dynamics of the world’s largest economy. In the afternoon, they saw data from the USA, which, on the other hand, shows that the economy there is performing better than the rest of the market. In the end, however, this should be significantly negative, because it brings back into play concerns about the wholesale growth of inflationary risks, and two, the Fed’s room for a long-term similar to external rates, which may have external consequences for some sectors such as banks and the real estate market.

The move of the Russian central bank was interesting today, which jumped by a full 350 points and raised the main rate to 12% with the aim of stabilizing the ruble, which lost 17 months in ad. The ruble weakened in response, but the market is wondering how long it will last.

The US stock markets are weakening in view of the launch of its business. The exception is the retail sector, which, apart from the statistical data itself, is supported by the relatively favorable results of Home Depot.

The last warning of the rating agency Fitch, which warned of a wave of downgrades for the entire American banking sector, was negative on the US markets. The shares of the “big tykes” (JPMorgan, BoA, Citi, Wells Fargo) weaken uniformly by more than 2%.

Over the course of the day, the euro tends to rise slightly against the dollar, thus correcting the loss of greenbacks from the past few days.

The koruna weakened against the euro above the 24 CZK/EUR threshold and against the dollar above the 22 CZK/USD threshold.

Oil today slightly corrected the growth of the previous few days. The main reason is the change in the five macros from ny and associated concerns about the future development of demand spikes.

Gold will try to reach 1900 USD per ounce.

Today BCPP is again under the dominant influence of the main title in the form of EZ and banks.

Actions of energy companies companies have once again reached above 960 K. Banks are not uniform.

Prague Stock Exchange

Zvr 15.8.2023

Nzev Kurz Zmna Objem Vera COLT(CZG) 562.00 -0.18% 1.97mil. 563.00 EZ 963.00 0.73% 63.30mil. 956.00 ERSTE 810.00 0.07% 29.43mil. 809.40 GEN(NORTON) 460.00 0.00% NaNmil. 460.00 KB 712.50 0.21% 50.09mil. 711.00 KOFOLA 273.00 -0.36% 0.38mil. 274.00 MONETA 86.50 -1.14% 22.55mil. 87.50 PHOTON 64.90 1.41% 0.18mil. 64.00 PILULKA 425.00 0.00% 0.15mil. 425.00 PM 17180.00 -0.58% 1.77mil. 17280.00 VIG 582.50 -1.10% 0.26mil. 589.00 Vce: Burza zvr 170.08mil.

Comments on the day in the markets and mainly at first:

12 h – poor Japanese macros send European markets into a stronger decline, BCPP is holding up thanks to the EZ, the koruna weakens above 24 per euro and 22 per dollar, oil and gold weaken

Vladimr Urbnek

In the field” for the past 20 years. After several years of experience in securities trading, Vladimr Urbnek has been devoted to reporting on domestic and foreign capital markets for the past 15 years.

He considers the age to be the result of experience and ability compared to the time before the last major crisis in 2008-9.

2023-08-15 15:23:54
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