Mainly stock indices rose last week. With the exception of the London Stock Exchange, which declined due to unfavorable insights for the British economy. The stock market is strengthening slightly. The US dollar is weakening. The price of oil fell from its peak, but public interest in America was slowed down.
America stle I save attention
This week we have gained a lot of significant macroeconomic data from both Europe and America. The results of retailing in the USA were clearly surprising, which helped to raise the optimism among dollar bulls who subsequently embarked on the US currency. Ben Bernanke, the Fed’s US central bank, described the market situation as improving, but still going far from normal.
US inflation, which was published on Wednesday, did not sweat speculators on years of rates in America. Inflation surprised them, which disrupted the wall of the belief that the Fed is over with the rate of rates that the markets have acquired after several weeks of Fed officials. The US dollar weakened in response.
The truth is that the European economy is still in better shape than the American one. In the first quarter, the euro area economy came as a surprise, growing by 0.7% compared to the last quarter of 2007. Growth was 0.5%. Meziron growth of the euro area economy remained at 2.2%. The US stock index was better than the European one this week. The main index of the New York Stock Exchange grew by more than 1%, while the growth of the European index is below 1%.
bad prospects for the British economy
The effects of April inflation in the United Kingdom, which were published in the country, raised concerns about the British economy. Activity is clearly slowing, while inflation has jumped from 2.5% in the ordinary to 3% in April, well above the market level. In its regular assessment, the Bank of England first stated that the British economy is being slowed by growth and, conversely, rising inflation, which is a very unpleasant situation for the bank when it comes to setting annual rates. The British currency reacted to the outlook for the economy weakened by both the dollar and the euro. London’s main stock index, the FTSE, fell about 0.7% this week.
You can view the graph HERE.
The price of oil has fallen from its peak
The price of US light oil traded in New York has fallen from its high of the week from its highs of around $ 126 per barrel to $ 124 in hardening. The price of North Sea Brent crude fell to 122 dolarm. It was mainly about a selected profit, or the price increase in the previous week was really significant. Even a medium of regular publication did not stop the previous trend, although under normal circumstances the price would be expected to rise in response to unexpected oil reserves in America and declining gasoline levels in the run-up to the end of the motoring season in late May.
During the fourth trading year, the price of oil rose again. It is a reaction to the good results of the euro area’s economic growth and to the first that it imported large quantities of fuels in April – in particular the largest amount of petrol in the last two years. PetroChina, the largest petrochemical company, has been driving oil products to meet domestic demand.
The strong US dollar and the release of the Fed by Ben Bernanke soon had such a positive effect on the price of gold in the week. It fell during the trading period by a total of 1.85% to $ 866 an ounce and remains below this level.
Central Europe in the sense of inflation and the end of euphoria from Slovakia
In Central Europe, there was a good mood from last week, when Slovakia received a recommendation from the European Commission to join the euro area in the first year. According to the Slovak koruna, it strengthened to 31.63 koruna per euro, which is about 0.8%. It was followed by the Hungarian forint, which rose to 249.65 forints per euro, a bar of about 0.8%.
The Czech koruna weakened and thus erased the profits from the arrest of the week. During the fourth trading period, it was around 25.05 per euro on Monday. The Polish zloty thus did not keep pace with the forint and the Slovak crown, and for the time being it weakens slightly this week. Let us assume that this is a reaction to its unexpected inflation, which was published on Wednesday afternoon. The increase in years of rates has already been dreamed of in this month. However, it is expected that the Polish central bank will increase its base rate by 50 basis points to 6.25% this year.
VR inflation slowed to 6.8% from 7.1% in previous years, which was in line with the current market. on the other year the rates here are below. The Czech PX stock index rose slightly this week, as did the Warsaw Stock Exchange index. The Hungarian BUX index weakened.