Commentary on the stock market
The local stock exchange floor (PX index) wrote small losses in the middle of the week and closed the board by 0.4% d / d, at a volume of 0.494 billion K. The most active titles were energy number one EZ (+ 0.6% d / d), its shares jumped to over 800 K a ended the middle session at 803 K.
There was no bank title in the el Erste Group, which lost 2.6% at a solid volume and returned below 1000 K per share to 979.40 K. Monet was not even possible, when it ended cheaper by 0.7% to 94.6 K. The exception among the banks were stocks Komern Bank (+ 0.2%, 905 K), which is positive repeated the recommendation from JP Morgan, when their analysts saw the KB price at the level of 1245 K per action.
USA – Dow Jones: 35,927 (+ 1.1%); S & P500: 4,710 (+ 1.6%); Nasdaq: 15,566 (+ 2.2%)
Investments have so much succeeded in meeting the Fed. US Central Bank according to oekvn, the tightening of monetary policy has accelerated. Due to the sharp rise in inflation will be reduce the volume of asset purchases at a two-fold rate (the city on November 15 30 billion USD msn). In normal, the program ends. Fed according to oekv, ev ptm roce tikrt zv flight rates. He did so in 2023. The investors were much more aggressive strategy and buyers swept into the markets so quickly.
The main S&P 500 index finally closed the session at daily highs with a gain of less than 76 points (+ 1.63%; 4,709.85 points). In the old style dairy technology (Nvidia + 7.49%; 304.59 USD; Apple + 2.85%; 179.30 USD) The main thanks to the vision of cheap pensions for part of the period.
This was the case with the weakening dollar crude oil (WTI + 1.16%; $ 71.55) and gold (+ 0.36%; $ 1,778.6). Record finger variants omikron in Britain and South Africa thus remain in the background, as well as a weak result retail needs.
The koruna against the euro continued in the small gym, from 25.30 to nov msn maximum 25.25 CZK / EUR. The market responds to previous comments from NB o faster rate growth. Other currencies in the region had a development, the Hungarian forint (-0.5 % d / d; 370 HUF / EUR) even fell to a 3-day low.
The Eurodollar market pelleted on the city around 1.127 USD / EUR, boiled at the evening meeting of the Fed, but in the end except the transient fluctuation did not react sharply. The koruna to the dollar then hovered around 22.45 CZK / USD.
09:00 R: PPI (November)
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