10/05/2024 09:00
Europe will open with moderate growth
At the end of the week, futures indicate a slightly upward opening for European indices (+0.3%). Overseas futures are currently up +0.1%. The SP500 index closed yesterday at 5214 points (+0.5%), i.e. less than 1% from the historical high. In Asia, stocks in Hong Kong (2.2%) did well overnight, where the news about the possibility of exempting dividend taxes resonated positively. Mainland China was hampered by news of US tariffs next week. But rather than blanket measures, there is talk of EV cars, batteries and solar panels. The Prague Stock Exchange closed on Thursday at 1552 points (+0.2%). CEZ (+2.4%) recorded another upward shift, whose shares are now trading at CZK 913, the highest since the end of January. In addition to the rise in electricity prices, there may be speculation ahead of next week’s results, but also around the building of positions by some domestic investors. The technical level of the 200-day moving average for CEZ shares is at CZK 924. Banks took a break yesterday. Today we expect a quieter end of the week in Prague.
Pavel Hadroušek, broker, Fio banka, as
