Tag Archives: EEMEA

News CEE: Neutral – EC cuts 2012 GDP forecasts for the region, Poland remains clear outperformer (p1) BG: Neutral – Dec gross external debt down 0.8% mom (p2) PL: Positive – Jan retail sales rose by 14.3% yoy (p2) RO: Mixed – Jan banking deposits grow 0.4% mom / Govt. sells RON 122mn 15Y T-Bonds […]

News HU: Negative – EC recommends suspension of cohesion funds as of 2013 (p1)

News CZ: Positive – Czech Republic sells EUR2bn Eurbond at 160bp spread above mid swaps RO: Positive – MinFin sold RON 2.5bn 2Y T-bonds: avg. yield 6.36%, bid/cover 1.1

News BG: Neutral – Jan international reserves decreased 2.8% mom (+6.2% yoy) (p2) CZ: Neutral – CNB leaves repo rate unchanged at a record low 0.75% (p2) HU: Neutral – State owned airline Malev files for bankruptcy and stops operation, fiscal impact should be small

News CZ: Neutral – The Finance Ministry presented an updated macroeconomic forecast, expecting this year’s GDP at +0.2%. (p2) KZ: Dovish – Jan CPI slows to 5.9%YoY from 7.4%YoY on the back of base effect (p2) TK: Dovish – CBT takes a dovish stance on inflation for the sake of growth (p3) RO: Positive – […]

News BG: Neutral – Economic sentiments surge 3.3pp mom in January; PPI down 0.6% mom (p2) BG: Neutral – NBK to maintain current monetary policy framework (p2) RO: Negative – Local press reports that coalition parties will try to hike wages and pensions by “at most 5% if economic growth is in the 1.8%-2.3% range […]

News HU: Positive – AKK sells higher than expected amount at HGB auction amid strong demand HU: Negative – Fidesz Deputy Chairman Kosa says govt is unlikely to change the flat tax despite IMF request

News KZ: Neutral – Govt sees little changes after the elections (p2) Today’s Events CR: Dec unemployment / RO: RON300mn 182D T-Bill auction / RU: Dec PPI, Dec unemployment / TK: 2016 GB and 2021 IL GB auctions

News RO: Positive – MinFin sold RON 436mn 5Y T-Bonds: avg. yield 7%, bid/cover 3.2 (p2) PL: Hawkish – Dec IP rose by 7.7% yoy / Dec PPI came in at 8.1% yoy (p2)

News CZ: Mixed – MinFin sells CZK 7.95bn VAR/17: avg. yield 6M PRIBOR+89bp, bid/cover 1.21 / CNB Governor M. Singer said that the current CZK exchange rate allows CNB to keep its policy rates on hold (p2) PL: Dovish – Labor market confirms the lack of wage pressure in the economy (p2)

News BG: Neutral – C/A surplus narrows to 3% of GDP / MinFin sold EUR 35mn 7Y GBs: avg. yield 4.45%, bid/cover 3.42 (p2) CZ: Positive – Dec PPI comes in at 4.6% yoy (0.1% mom) (p2) RO: Positive -MinFin sold RON 3.5bn 1Y T-Bills: avg. yield 6.21%, bid/cover 1.2 (p2) TK: Negative – Dec […]