Stock markets continue to rise

By RockedBuzz 8 Min Read

BUX underperforms

Trading on the European stock exchanges continues to be in a favorable mood, among the leading indices, the German DAX is up 0.3 percent and the French CAC is up 0.2 percent.

Despite the basically favorable mood, the Hungarian stock market underperforms, the BUX is down 0.2 percent.

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Plus the leading stock exchange

After the morning opening, the CAC and DAX are both up by 0.3 percent, and the FTSE by 0.2 percent.


The week can start with a rise

What are the current events on the stock exchanges?

  • The leading American stock indexes ended the day with an increase, the Dow Jones rose by 0.8 percent, the S&P 500 closed with a gain of 1.2 percent, while the Nasdaq ended the day with a gain of 1.6 percent.
  • Asian stock markets are showing a bullish mood this morning, the Nikkei is up 1.47 percent, the Hang Seng is up 1.44 percent, while the CSI 300 is down 0.31 percent.
  • The European stock markets may open in a good mood, based on the future stock indices, the DAX may rise by 0.95 percent, the CAC may rise by 0.39 percent, while the FTSE may open with an increase of 0.15 percent.
  • A mixed opening is expected on the American stock exchanges based on the current position of the future stock indices. The Dow Jones could be down by 0.03 percent, the S&P 500 could open down 0.05 percent, while the Nasdaq could open up 0.08 percent.

What can be expected on the macro front?

The week at home is off to a busy start, as the MNB publishes the usual credit institution and interest rate statistics this morning, and the latest manufacturing purchasing manager index is also expected to arrive. Moreover, the KSH is not idle either, detailed foreign trade figures are coming.

July 3-9, 2023 macro calendar
Hungarian macroeconomics
July3.Monday8:30 a.mKSHForeign trade (detailed)apr.
July3.Monday8:30 a.mMNBBalance sheets of credit institutionsliver.
July3.Monday8:30 a.mMNBInterest statisticsliver.
July3.Monday9:00 a.mMLBKTManufacturing bmiJune
July4.Tuesday8:30 a.mKSHGovernment sector balanceQ1
July4.Tuesday8:30 a.mKSHTourist accommodationliver.
July4.Tuesday11:30 a.mAKK3-month dkj auction
July6.Thursday8:30 a.mKSHIndustryliver.
July6.Thursday8:30 a.mKSHRetail tradeliver.
July7.Friday8:30 a.mKSHInflationJune
July7.Friday8:30 a.mMNBSecurities statisticsliver.
July7.Friday8:30 a.mMNBInternational reservesJune
July7.FridayS&PCredit rating
International macroeconomics
July3.Monday3:45 a.mChinaCaixin manufacturing bmiJune
July3.Monday4:00 p.mUSAISM manufacturing bmiJune
July4.TuesdayUSAIndependence Day
July4.Tuesday8:00 a.mGerman.Foreign tradeliver.
July5.Wednesday3:45 a.mChinaCaixin service provider bmiJune
July5.Wednesday11:00 a.mEUIndustrial producer pricesliver.
July5.Wednesday4:00 p.mUSAFactory ordersliver.
July5.Wednesday20:00USAFed minutes
July6.Thursday8:00 a.mGerman.Factory ordersliver.
July6.Thursday11:00 a.mEURetail tradeliver.
July6.Thursday2:15 p.mUSAADP indexJune
July6.Thursday2:30 p.mUSAForeign tradeliver.
July6.Thursday4:00 p.mUSAISM service provider bmiJune
July7.Friday8:00 a.mGerman.Industryliver.
July7.Friday2:30 p.mUSAUnemploymentJune
Source: Portfolio collection

What has happened on the stock markets so far?

  • Among the leading American, Asian, European and regional stock indexes this year, the Nasdaq index is at the top with a 38.8 percent shift, the Hang Seng index is the driving force with a 4.4 percent fall.
  • Among domestic blue chips, OTP’s share performed best this year with a 20.0 percent increase, and Richter’s paper is at the bottom of the list with a 1.4 percent increase.
  • Among the most important raw materials, the price of gold has risen by 5.5 percent since the beginning of the year.
More important instruments
Exchange rateOne day1 week1 monthThis year1 year5 years
US stock indices
Dow Jones34 407.60.8%2.0%4.1%3.8%11.8%41.8%
S&P 5004,450.381.2%2.3%5.8%15.9%17.6%63.7%
Asian stock indices
Nikkei33 189.04-0.1%1.2%5.9%27.2%25.7%48.8%
Hang Seng18,916.43-0.1%0.1%1.7%-4.4%-13.5%-34.7%
CSI 3003,842.450.5%-0.6%0.1%-0.8%-14.3%9.4%
European stock indices
DAX16 147.91.3%2.0%1.5%16.0%26.3%31.2%
FTSE MIB28,230.831.1%3.8%6.2%19.1%32.6%30.5%
Regional stock indices
ATX3 154.911.4%3.2%3.1%0.9%9.6%-3.1%
Hungarian blue chips
OTP12 1300.4%0.9%9.9%20.0%44.0%18.8%
Magyar Telekom404.5-1.3%-0.2%-1.8%19.3%26.4%0.6%
Raw materials
Ratio1 9160.2%-0.4%-2.2%5.5%6.0%53.1%
Foreign currencies
Government papers
10-year US Treasury yield3.81-0.9%1.8%3.0%-0.6%28.1%33.2%
10-year German government bond yield2.39-1.0%1.5%1.3%-6.7%74.3%676.0%
10-year Hungarian government bond yield7.13-0.7%-2.3%-11.8%-22.9%-12.6%94.3%
Source: Refinitiv, Portfolio

Cover image source: Getty Images

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