After last week’s weaker interest, investors looking for high yielding assets have returned to Central Europe yesterday. Among firming currencies, Hungarian forint led the way dropping below 300 EUR/HUF. Tomorrow, markets might be calm due to a public holiday (May Day) in Poland, Hungary and the Czech Republic as well. Only the second half of this week should be more attractive from a macroeconomist´s point of view. From regional perspective, the most interesting event could be a CNB meeting next Thursday. A close attention will be paid also to global events, which might influence regional sentiment, such as an ECB Board meeting, US payrolls or the EC’s new forecast that are all scheduled for Thursday and Friday.
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KBC