News in brief There are mixed messages from abroad, while from China better than expected, worse from other countries. US consumer confidence is expected to fall. European stock indices hit their highest level in almost a month on Monday, boosted by the easing of COVID-19 restrictions in China and the creation of new stimulus to…
Fundamentals and expected events: week 22 Crypto markets: After a very volatile and turbulent month for the crypto markets, Bitcoin (BTC) was almost doomed to extend its losing streak to a record of nine weeks in a row. However, that scenario has been narrowly avoided after the leading cryptocurrency jumped in the late hours on…
News in brief The British government announced on Thursday a 25% tax on oil and gas companies. In doing so, it bowed to growing pressure from citizens. Other big divident payers such as miners and consumer goods companies could be next. Oil is back in negative territory after early gains. This might suggest that the…
News in brief Russia seems to be definitely going bankrupt, also due to the fact, the US Treasury banned US banks and individuals from accepting repayments from the Russian government yesterday. Several positive macroeconomic reports and comments from the WEF in Davos, as well as comments by European central bankers towards the monetary policy settings,…
News in brief World stock markets are still volatile. European Central Bank President Christine Lagarde outlined the central bank’s path to monetary policy normalisation on Monday. She is now setting the stage for a July interest rate hike. The USD dropped upon the news from ECB. Gold prices rose nearly 4% after last week’s rebound…
News in brief The World Economic Forum continues with main topics being inflation and stagflation, rising food prices and increased tensions in the geopolitical field. According to report, the total debt of the Czech population recorded in the Banking and Non-Banking Customer Information Register reached CZK 3.07 trillion at the end of the first quarter…
Fundamentals and expected events: week 21 Crypto markets: Fear has returned to the crypto markets as the Fear and Greed index dropped down to level 10, meaning extreme fear. The crypto-ecosystem as a whole has taken a dive following not only the macroeconomic data and also an upcoming correction on from the “free money” era…
News in brief Stocks have continued their decline, but it is not nearly as dramatic as it has been in recent days. The current account of the balance of payments ended with a surplus of EUR 8.66 billion in March. A “relative” calm can probably be expected until the European Central Bank (ECB) meeting in…
News in brief Markets are globally still tanking, the most recent reason are bad reported results of many large companies across the globe. Geopolitical situation around Ukraine is still very tense. Information about rising number of Covid-19 cases in Southern Europe together with persistent lockdowns in China are not helping either. Inflational pressures are also…
News in brief In the US, it does not look like a recession yet, according to the incoming data. The Fed is likely to go for a series of 50bps hikes. Jerome Powell confirmed yesterday that the Fed may raise interest rates even above the neutral rate of around 2.5% and pointed out that price…
