Stock Outlook | Fio Bank

Stock Outlook | Fio Bank
Stock Outlook | Fio Bank

04/03/2024 09:01

Europe will open without major changes

Wall Street weakened for the second time in a row yesterday, the SP500 index closed weaker -0.7% at 5206 points. Currently, overseas futures continue to lose slightly -0.15%. Strong economic data in the US lifted bond yields to above 4.35%, the highest levels since November. Most European indices also had a weaker second half of the day yesterday (DAX -1.1%), on Wednesday morning futures indicate an unchanged opening. Despite the overall decline, the European banking sector performed very well, where we saw the continuation of the growth campaign. Not only in Asia, but due to the importance of Taiwan to the global economy, the effects of a strong earthquake will be monitored. (Production of advanced chips may be compromised). Today we will watch the European CPI and later the speech of the head of the FED Powell. Yesterday, the PX index in Prague benefited from the mentioned movement in the banks, Erste reached new highs above CZK 1,055 (+1.4%) and KB above CZK 850 (+1.3%). Today, we would rather expect a certain consolidation of the domestic market.

Pavel Hadroušek, broker, Fio banka, as

The article is in Czech

Tags: Stock Outlook Fio Bank


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