iPoint (iPoint.cz)
Czech markets  |  August 20, 2012 09:19:58

View stock 20.08: Markets are heavily overbought. Yet it is not ruled out another surge!


Stocks on Wall Street had another session for growth and below-average volatility slim volumes. Moderate growth supported mainly some better macro data. Index University of Michigan consumer sentiment rose to 73.6 points from 72.3 points and the third decline in a row so confirmed. The trade balance of the euro area in July recorded a record surplus of 10.5 billion and almost twice exceeded expectations. European exports helped the euro especially debilitating. This is from their highs in April 2011 has weakened against the dollar by almost 17%. Indeed, every month of the year 2012 was for the euro zone with a positive balance of foreign trade. For the past seven months in the euro area trade balance ended with a surplus of more than EUR 44 billion, the highest since its inception. Thanks to good numbers of trade with Europe managed to escape from impending strong recession.According to the preliminary GDP from last week have some economies but small. French GDP stagnated for the second quarter in a row and even Germany does not have any particularly strong growth. For the euro area fell through the GDP QoQ and 0.2% had definite confirmation recession just another QoQ decline. This week will be interesting in terms of macro data especially on Thursday when they announced PMI purchasing managers indices in China, the euro area and selected countries for the month of July. Consensus is a set that allows for a slight improvement. In case that the steep descent but confirmed, the optimism of the last days to subside vigorously and markets would return volatility and increased volumes ...

More about the session in the U.S. and on the Prague Stock Exchange read oniPoint

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Akciový výhled 20.8.: Trhy jsou silně překoupené. Přesto není vyloučen další prudký nárůst!

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