World markets  |  March 14, 2013 19:01:16

Support financial markets delaying correction / BIG EXPERT - foreign markets: from 11 week Third 2,013


Stock indexes after time again shown that they have in the back almost unlimited support by central banks, the laws of gravity to them. The U.S. Dow Jones humbled this week new highs, which begins also rapidly approaching the S & P500. Only since the beginning of the year, both indexes have added around 10%, which, although someone may seem like a lot, it's still nothing compared to what recent shows shares on the other side of the world - Japan. The local Nikkei 225 is only from January rose by 19%, and if we go there a month and a half back to 2012, we find that since mid-November scored a whopping 43%.

How is that even possible in a country that has not yet been able to convincingly break out of the recession? Kodpovědi sufficient to look at the course of the Japanese currency, which has recently been unrivaled weakest of the major world currencies, if only for the last four months has lost nearly a quarter of its value.

Worldwide inflation, meant in the form of degradation of paper currencies, so thanks to massive monetary easing in full swing and that currently it is not visible in the traditional basket of consumer prices, does not mean it does not exist. Only manifests itself in the market of financial assets, which among other things, further widening the gap between the rich, who have invested, and the poor in most developed countries.

Although today the share price may seem excessive, their growth can continue as long as continue pumping newly printed money into the financial markets. This is the moment to end nechýlí, and since today the central bank to effectively mask any risk debt bubble with cheap money and low interest rates, higher compensation may still be rather still in our future.

Jaroslav Brychta, X-Trade Brokers

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, a week from 11 Third 2013th


Experts estimate for the period of one month

Pointer
Hodn.
8th Third
Diameter
Median
Change
in%
Interval
Growth
Decrease
PX
1 038,89
1 026,00
1,029
ˇ -1.24
985 - 1 050
2
3
Dow Jones (U.S.)
14 397,07
14 352,60
14350
ˇ -0.31
14 000 - 14 599
2
3
NASDAQ (U.S.)
3 244,37
3 218,20
3,214
ˇ -0.81
3 150 - 3300
2
3
FTSE 100 (UK)
6 483,60
6 458,80
6,520
ˇ -0.38
6300 - 6564
3
2
DAX (Germany)
7 986,47
7 924,20
7,976
ˇ -0.78
7700 - 8095
2
3
Nikkei 225 (JPN)
12 283,67
12 177,20
12300
ˇ -0.87
11500 - 12532
3
2


Experts estimate for the period of 6 months

Pointer
Hodn.
8th Third
Diameter
Median
Change
in%
Interval
Growth
Decrease
PX
1 038,89
1 045,60
1,049
^ 0.65
1020 - 1060
4
1
Dow Jones (U.S.)
14 397,07
14 465,60
14490
^ 0.48
14150 - 14888
3
2
NASDAQ (U.S.)
3 244,37
3 266,40
3,200
^ 0.68
3190 - 3 400
2
3
FTSE 100 (UK)
6 483,60
6 514,20
6,581
^0.47
6300 - 6690
3
2
DAX (Germany)
7 986,47
8 015,20
8,050
^ 0.36
7780 - 8255
3
2
Nikkei 225 (JPN)
12 283,67
12 386,60
12500
^ 0.84
11600 - 12876
3
2

Rating this week performed:

  • Menčík Thomas, George Šimara, Lukas Langer - CYRRUS
  • 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.cz assume no responsibility for these differences.

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Podpora finančních trhů oddaluje korekci / BIG EXPERT - zahraniční trhy: týden od 11. 3. 2013

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