Wednesday May 25, 2022

Slc koruna heat up the tourism industry, stock markets do not have any yet

The crown reaches for new records and warms up to the outside of tourism. Unfortunately, the price of oil is also rising for fear of flow in the Rhine. As for the stock market, then the situation is still mountains and at times the bleak is the lightest after the New Year.

The crown reaches for new records and warms up to the outside of tourism. Unfortunately, the price of oil is also rising for fear of flow in the Rhine. As for the stock market, then the situation is still mountains and at times the bleak is the lightest after the New Year.

On Wednesday, US Treasury Secretary Henry Paulson said that high oil prices, falling property prices and uncertainty in financial markets prolonged the period of slowed US economic growth. According to him, the number of prematurely terminated mortgage contracts will remain high and real estate prices will probably continue to fall. According to Paulson, who said on Thursday that inflation is currently worried about inflation in the US economy, Europe and Great Britain are showing signs of slowing down.

The fourth quarter of the US showed that the US economy saw a total of 62,000 jobs in June, a decline in the sixth month in a row. Unemployment remained at 5.5 percent. These data thus once again pointed to the desperate state of the American labor market.

According to one of the governors of the ECB, Lorenzo Bini Smaghi, economic growth in the euro area will continue to slow down, as the euro area is still up for the events in the USA. The euro area unemployment rate stagnated at 7.2 percent in May.

The euro has tried to strengthen, the koruna is rising and skyward

Developments in the new Forex market in the first days of last week were marked by the strengthening of the euro, which climbed out on Thursday and at the level of 1.59 USD / EUR. At the same time, the exchange rate of the Eurodollar was at the same level at the end of April. Following JC Trichet’s statement that the ECB has not yet fulfilled another year, the euro weakened sharply and closed its fourth trading dollar at 1.57 USD / EUR. Due to the closed market of the parties on the current Independence Day in the USA, the volatility on the Eurodollar was minimal and in the afternoon the exchange rate was 1.568 USD / EUR.

The Czech koruna continues to save money and missed the afternoon rate of 15.09 CZK / USD. On Thursday, the record fell in euros, its new value in 23.71 CZK / EUR. In this way, non-recreational tourism will develop more during the holidays.

Stock markets plummet, Britnie hls even minus 13%
After a positive development in April and May, the stock market plunged to a loss of more than 12% in June. Since the end of the year, the PX index has lost 18%. Jet he was Polish and Hungarian stock colleagues. The Polish WIG20 index has weakened by 25% since the end of the year and the Hungarian BUX by 22%.

In the first half of the year, only Zentiva’s shares (up 7.4% in June) and a novelty of the Prague floor, NWR, increased the price. The other titles are in the first half of the year. The real estate company Orco turned out the most, losing 60% of its value.

Foreign stock markets thus continue to fall. US stocks with the S&P 500 index hit the lowest level since mid-run. The S&P 500 falls five weeks in a row, by 1.6% in the first three days of this week. Japanese shares depreciated the name with the index Nikkei 225 2.1%.

It can be bloody in the UK, where stocks fall for seven weeks in a row. During this time, the FTSE 100 index lost 13%. German shares fall pt tdn, which answer lost 10.5%.

By the end of the year, there will be no positive turnaround in the markets
A small investor is sure desperately when the discovery of light at the end of the tunnel. It appears in comparison with one legendary Czech film. “Economic data didn’t sweat me, and neither did it.” Inflation thrives, advanced economies slow down. In addition, the Czech koruna sharply strengthens, which according to increases losses from foreign assets.

Let us not expect a significant improvement in the situation by the end of this year. Macroeconomic data to go in the bottom case do not indicate a positive turnaround. In particular, let’s avoid the so-called disposition effect. If we fail him, then we take the loss of the position for a long time (or we don’t really want to realize the paper loss) and sell the gaining position for a long time (or we are afraid to lose our paper profit).

It is always important for you not to be biased and emotionally to evaluate individual investments and to evaluate them rationally. So let’s avoid the birth of investor illness, so-called get-evenitis. This disease is caused by the fact that we want our lost investments to reach at least zero. Let us avoid these prejudices.

The historical price at which we bought the stock is its past, the so-called drowned cost, which must not influence us decisively. The current market price and the expected future performance of the investment tax must be decisive with respect to these current prices. And we will not forget to diversify. Teba do umn. Let’s not be afraid to sell some lousy position and buy some beautiful painting. It can be an excellent investment and let’s look at the duo with a look at our new gem. With a calm mind, he always clings to investin decisions.

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