A week on the stock markets: The first week is positive, Prague is in the plus every day – Commentary
United States and there data of labor market, these were probably the most watched macro indicators this week. She performed better than expected and confirmed the tense labor market. Strong/better data of labor market but they are actually rather negative news for investors. It’s for Fed for-inflationaryfactor and reason for continuing hawkish politics (growth rate AND high levels for a longer time). AGAINST eurozone she was inflate lower than market expectations. And the support was also better indices PMI against Germany and eurozone.
American market
The overseas market was shortened on Bank Holiday Monday.
Tuesday by Thursday, the S&P500 index fell by 0.82% (3,808.10 b.). She opened today stock exchange after published stronger data from labor market with growth of about +0.3% and continues to grow above 1%. Weekly performance could be slightly above zero. This would mean that a negative streak of four consecutive losing weeks would be snapped.
Today shortly before the end of European trading
action, measured by the STOXX Europe 600 Index, are growing by about +0.7% (442 b.). We expect growth of over +4% for the whole week.
It rose today PX index fifth time in this
a year. In today’s session, it added +0.56% (1,249.31 b.).
He only slightly corrected Philip Morris CR (-0.36%, 16,800 CZK), probably in response to the discussion regarding possible growth
consumption taxes. Today’s gains were led by Moneta, which gained +1.55% to 78.80 CZK). Commercial Bank (+1.11%, 683 CZK) a Erste (+0.39%, 775 CZK) were placed in other places.
Table with daily and weekly index performance a shares is at the end of this comment.
Weekly performance
New year started on a positive note. Every day of the week is over Prague Stock Exchange in plus. PX index with in the first week
the year 2023 scored an excellent +3.96% (1,249.31 b.). It’s the third week of growth in a row.
All the companies on the Prague floor during the first weekly session in the new one a year have increased their value. Titles from the financial sector rose the most. This week was the best Erste with profit +8.09% (775 CZK). Commercial Bank (+4.27%, 683 CZK) and Moneta (+3.68%, 78.80 CZK) followed. This is the fourth consecutive week of growth for Moneta. ČEZ it grew all week when and gained +2.73% (791 CZK) and stopped just below border 800
CZK. As it is with Moneta, i ČEZ posted its fourth consecutive weekly increase. It is also worth noting Pill and her New Year’s jump of +15.38% (750th CZK).
Table with daily and weekly index performance a shares is at the end of this comment.
Substantial rate-setting news from Prague
stock market
The discussion about the increase is slowly starting in the government coalition
taxes. It would also apply consumption taxes on cigarette.
What can we expect next week?
More substantial corporate news is not on the agenda.
Markets could be quieter due to Orthodox holidays.
Czech Statistical Office publishing inflation for december inflationary give we will also see z USA. AGAINST Germany AND eurozone It will industrial production.