World markets  |  February 21, 2013 19:16:10

Entry to this year for the Czech economy does not look too positive / BIG EXPERT - foreign markets, currencies, interest rates: a week from 18 Second 2,013


Domestic currency has been stable over the past days and moved in a narrow range around 25.40 crowns per euro, with a slight tendency to weaken, which intensified on Thursday after weak data from the eurozone. Crown did not support or home numbers when an estimate of GDP for the fourth quarter showed that the economy continues to decline (by 0.2% between quarter and 1.7% year on year). And even entry into this year does not look too positive.

Weak economy, of course, does not demand inflationary pressures, which was confirmed by data on the January consumer price inflation. From the perspective of CNB inflation rate was lower by 0.1%, which again sounds in comparison with its anti-inflationary prognosis.CNB Governor Miroslav Singer said in response to the latest data, the Czech inflation goes relatively safe, but not quite comfortably below the CNB's inflation target. The statement is so obvious that if disinflationary pressures intensify, this requires additional steps in the monetary policy of the central bank. Further weakening of the Czech currency thus seems realistic.

The bond market was relatively quiet. Revenues moved only very slightly and generally weak market dominated trading activity. Level too rocking or bond auction on Wednesday, during which Treasury sold government bonds for 6.9 billion CZK, which was a good result. After the exhaustion of domestic impulses, so in the next few days Czech swap curve react primarily on the development of their euro counterparts.

Martin Peck, Generali PPF Asset Management,
fund manager společnost

Expert opinions on the future development in selected foreign markets monitored through indices and comparison with the Czech capital market (PX) in the next month and a half, in the week of 18 Second 2013th

Week: 18 Second 2,013

Experts estimate for the period of one month

Pointer
Hodn.
15th Second
Diameter
Median
Change
in%
Interval
Growth
Decrease
PX
1 003,69
998.00
1,005
ˇ -0.57
970-1 012
2
2
Dow Jones (U.S.)
13 981,76
13 929,00
14000
ˇ -0.38
13650 - 14066
2
2
NASDAQ (U.S.)
3 192,03
3 176,25
3,198
ˇ -0.49
3090 - 3220
3
1
FTSE 100 (UK)
6 328,30
6 312,25
6,338
ˇ -0.25
6200 - 6374
2
2
DAX (Germany)
7 593,51
7 656,50
7,700
^ 0.83
7480 - 7746
3
1
Nikkei 225 (JPN)
11 173,83
11 280,50
11275
^ 0.96
11150 - 11422
3
1

Experts estimate for the period of 6 months

Pointer
Hodn.
15th Second
Diameter
Median
Change
in%
Interval
Growth
Decrease
PX
1 003,69
1 024,25
1,029
^ 2.05
985-1 055
3
1
Dow Jones (U.S.)
13 981,76
14 148,50
14272
^ 1.19
13700 - 14350
3
1
NASDAQ (U.S.)
3 192,03
3 233,25
3,267
^ 1.29
3 100 - 3300
3
1
FTSE 100 (UK)
6 328,30
6 379,50
6,394
^ 0.81
6230 - 6 500
3
1
DAX (Germany)
7 593,51
7 780,00
7,875
^ 2.46
7420 - 7950
3
1
Nikkei 225 (JPN)
11 173,83
11 418,50
11350
^ 2.19
11 100 - 11 874
3
1

Rating this week performed:

  • Libor Bucek, Jan Mach, Milan Nedbálek - FINANCE Zlín
  • Patrick Hudec - Generali PPF Asset Management, a fund manager společnost
  • Karel Handbag, Miroslav Hlavoň - CAPITAL GRANT
  • Jaroslav Brychta - X-Trade Brokers

The tables contain a summary of the estimates of experts in the list. The column "Actual value" represents the value of the monitored indices (Friday's closing value), from which experts in their estimates came out. With this value, the estimates of experts after a period of one to six months, compared to evaluate success. "Median" is a number that is in the middle the size of a structured set of estimates and "Interval Estimates" lists the minimum and maximum estimate file. Columns "Increase / Decrease" indicate the number of experts assume that the index of the period under consideration, given the current value rises or falls.
Note: Estimates are in the form of non-binding opinions with regard to the expected development in the next one month and a half year. The fact, however, may substantially differ from the estimates of experts. Experts even Kurzy.czassume no responsibility for these differences.

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Vstup do letošního roku nevypadá pro českou ekonomiku příliš pozitivně / BIG EXPERT - zahraniční trhy, měny, úrokové míry: týden od 18. 2. 2013

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