Grant Capital (Grant Capital)
Markets  |  October 16, 2012 09:41:13

CORRECTION no signs!

At the beginning of the new week, the financial markets after several days of stagnation or mild recessions issued again upwards. Catalyst for growth became U.S. bank Citigroup results along with declining inflation in China, which seems to have your hands free for other Chinese government stimulate the economy.

Spanish request for assistance is still in the words of Spanish Prime Minister at the stage: "Help for Spanish is not current." Greece is likely to provide the additional two years to implement reforms and so-called "fiscal cliff" in the U.S. to head too far nobody does.Investors bet later that Republicans and Democrats agree somehow.

European markets yesterday held most of the day in green numbers, but with the opening of U.S. markets mildly proofread.

U.S. indexes were sold out at the beginning of profits but after about the first third trading session, the market plunge a marked shift amount and the index closed at daily highs. European markets reacted positively today and at the beginning of the day attributed almost 1% the profits.

Czech stock market reacts moderately and PX index added 0.4%. The largest increases are proud of KB shares that attacking almost 4200th Just keep in tow with Erste Bank, with a 1% increase in the price of 471 CZK. On the contrary, shares of slightly weaken media company CME, Orco, Unipetrol and VIG.

Ing. Karel Handbag


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