12 h – Europe reacts negatively to Fed Powell’s words, BCPP was liquid and slightly in the red, dollar sent, oil above USD 80, gold down to USD 1950

The European stock markets were bumped during the morning and weakened uniformly in response to public comments by the Fed Powell, who said that the central bank did not think that the current set monetary policy would be able to meet the target of keeping inflation below the growth level of 2%. According to Powell, the central bank is now investigating whether it will work if the rate hike will work or if it will remain at the current external balance. According to some comments, the Fed wanted to send a signal to the markets that they were not headed in the right direction, when they took the last monetary policy decision as a promise to end the increase in interest rates as a signal of their imminent decline. The sight of such a development led to several days of consistent growth in stock markets, especially in the US.

The British economy only stagnated in the 3Q of the year due to the contraction of the service sector and the stagnation of industry.

In the course of the morning, the euro weakens against the dollar in view of the aforementioned comments from the Fed.

The koruna weakened against the euro and the dollar after a jump in domestic inflation.

Oil is trying to break above USD 80 per barrel of Brent.

Gold follows the public morning development and weakens again towards the level of around 1950 USD per troy ounce.

BCPP during unusually weak liquidation in the morning only slightly weakens. The main word is the slight sales sentiment on the EZ and domestic banks.

Prague Stock Exchange Online
Don’t call	Course	Change	Volume	Faith
COLT(CZG)	552.00	0.00%	0.27 million	552.00
EZ	992.00	-0.35%	23.20 million	995.50
ERSTE	827.60	0.06%	15.94 million	827.10
GEN(NORTON)	440.50	0.00%	NaN million	440.50
KB	670.50	-0.37%	17.32 million	673.00
KOFOLA	270.00	0.75%	0.08 million	268.00
COIN	90.40	-0.22%	2.47 million	90.60
PHOTON	50.10	-1.96%	0.20 million	51.10
PILL	279.00	-3.13%	0.01 million	288.00
P.M	16200.00	0.12%	1.31 million	16180.00
VIG	626.00	0.16%	0.19 million	625.00
Subject: Stock Exchange			60.99 million