On the 4-hour chart, the dollar index (DXY) is gradually moving back towards the previously broken resistance around the psychological level of 105.50 points, which is located in the confluence area of the rising trend line, the level of the standard Pivot Point S2 and also the SMA 100 moving average. We will see weakening to this already mentioned broken resistance (throwback – now support) and subsequent bounce back to higher levels?
Germany has never been able to borrow money as advantageously as it is now, wrote yesterday an American…
Greek bond yields are the lowest since 2012The Greek government’s borrowing costs fell to their lowest level in more than five years. Greek shares then strengthened today for the 12th session in a row, which is the longest growth period since 1991. This was reported by the Reuters agency. Athens is now scrambling to secure a vital next bailout loan payment from international lenders.
Greek bond yields rose againYields on 10-year Greek bonds rose to their highest level since the start of the year. But the future of the Greek government coalition is causing uncertainty on the financial markets.
Greek bond yields rose to record highsThe large-scale sell-off of short-term Greek government bonds continues today for the seventh session in a row. For example, the yield on bonds maturing in 2017 reached a new record. The market is reacting to continued concerns about the possible state bankruptcy of Greece. Uncertainty about the further fate of this country, on the other hand, increases interest in the highest quality assets on the bond markets, which, together with the European Central Bank’s (ECB) program to buy government bonds as well, pushes yields down.
Greek government bond yields fellGreek government bond yields fell to their lowest level this year today. Investors welcomed Friday’s…
Government bond yields are expected to rise this yearCzech government bond yields are likely to grow this year. The reason will be the coming economic recovery or the expectation of investors that the Czech National Bank will raise interest rates this year. The government’s budgetary policy will also have an impact. This follows from the statements of analysts contacted by ČTK.
Greek bond yields fall below 10%Yields on 10-year Greek government bonds fell below ten percent for the first time in more than two years…
Bond yields pushed the dollar higherThe dollar continues to rise in the forex markets today, climbing to another four-month high. The yields of key US bonds, especially the one with a maturity of ten years, continue to contribute to the growth of its rate. Due to the persistent decline in their price, the yield of this paper reached over three percent, which is the highest since the beginning of 2014.
Revenues from both mining and selling bitcoins should be taxed, according to the administrationIncome from mining or selling Bitcoin and other virtual currencies is subject to income tax. This follows from the statement of the Financial Administration in response to ČTK’s inquiry. In this case, the income tax is 15 percent of the difference between the purchase and sale of the currency. According to the administration, for tax returns, for example, conversion from US dollars can be used, which is provided by a number of exchanges trading in virtual currencies, such as Btc-e or bitStamp.
Dividend payout rose in 2QDividend payouts hit another record high in the second quarter. Companies around the world paid out USD 497.4 billion (CZK 11.2 trillion) in dividends between April and June, which is 12.9 percent more than last year. This is according to data from the investment company Janus Henderson, which is based on an analysis of the quarterly dividends of 1,200 companies with the highest market value.
Dividend payments could be record this year, Janus Henderson estimatedCompanies around the world could pay out a record USD 1.64 trillion (CZK 36.3 trillion) in dividends this year, when the volume of dividends paid out rose by more than six percent in the second quarter alone. This was reported by the Reuters agency, citing a report by the investment firm Janus Henderson, according to which in the second quarter, 88 percent of companies either increased their dividend or kept it at the same level.
Dividend payments were a record in the first quarter, but the outlook is uncertainThe volume of dividends paid in the first quarter increased by 11 percent to USD 302.5 billion (almost seven trillion CZK), which is a record for this period. Mining and oil companies played a major role in this. In the coming months, however, companies will face greater problems, Reuters reported with reference to a report by the British company Janus Henderson.
Bitcoin sell-off accelerates, cryptocurrency loses 30 percent of valueThe price of the most famous cryptocurrency, bitcoin, fell below 31,000 dollars (CZK 646,000) today and decreased by about 30 percent in the last day. It is the biggest one-day drop in more than a year, Reuters reported. The sell-off accelerated in the afternoon, when the price of other cryptocurrencies also fell sharply, including the second most widely used ethereum. Bitcoin has already lost more than 50 percent of its value since its peak near $65,000 last month.
EUR/JPY sell-off continuesThe EUR/JPY currency pair continues to decline today and currently stands at around 127.10. This cross pair so…
Cryptocurrency market sell-off accelerates, Bitcoin falls below $27,000The sell-off on the cryptocurrency market is accelerating, bitcoin fell below USD 27,000 in the morning and is the lowest since the end of 2020. Other digital currencies are also falling significantly, for example, ether has already written off more than 50 percent since the beginning of the year, according to records on the specialized website CoinDesk. Along with cryptocurrencies, the prices of other assets considered risky, such as the shares of many technology companies that do not generate any profit, are also falling.
British government borrowing fellBritish government borrowing fell to lowest level in 11 years. In the past financial year, which ended in March, they decreased by 3.5 billion to 42.6 billion pounds (1.2 trillion CZK). This is according to preliminary data published today by the British Bureau of Statistics. The share of borrowings in gross domestic product (GDP) in the past financial year was 2.1 percent, while as recently as 2010 it was ten percent.
Car production in Germany was the lowest in 23 years last yearCar production in Germany decreased by nine percent to 4.66 million vehicles last year, which is the lowest since 1996. The reason for the decrease was weakening demand from abroad, while sales on the domestic market increased. Referring to the data of the German automobile association VDA, the Bloomberg agency reported on this.
The output of British industry grew rapidlyIndustrial production in Britain rose 4.3 percent year-on-year in December, the fastest growth in almost six years. It increased by 1.1 percent month-on-month, according to data published today by the British Bureau of Statistics. Industrial production accounts for about 15 percent of Britain’s total gross domestic product (GDP).
The output of Chinese industry grewIndustrial production in China rose five percent year-on-year in May, the slowest growth in 17 years. The pace of growth slowed from 5.4 percent in April and was less than analysts had expected. The report, published today by the Chinese Bureau of Statistics, is another signal of weakening demand in the world’s second largest economy, which is now in a trade dispute with the US, Reuters wrote.
Factory output in China rose at the fastest pace in 20 months in NovemberChinese factory output grew at its fastest pace in 20 months in November as demand was boosted by a recovery in consumer spending and the gradual easing of coronavirus measures at major trading partners. China’s National Bureau of Statistics reported today that industrial production rose seven percent year-on-year in November, following a 6.9 percent rise in the previous month.
