The mood is improving, the stock markets have risen

By RockedBuzz 20 Min Read

Uncertain opening in the USA

After yesterday’s rally, the US stock markets opened today in search of direction, as investors pay attention to the negotiations on the debt ceiling, signs of the Fed’s next move and the latest corporate reports. The sentiment was negatively influenced by the fact that, according to Lorie Logan, president of the Dallas Fed, the latest data do not yet indicate that the central bank should pause interest rate hikes when it decides on interest rate policy at the June 14 meeting. After that, the Dow opened down 0.2 percent, while the S&P 500 is close to yesterday’s closing value, and the Nasdaq is up 0.4 percent. In parallel with the American opening, the pluses began to melt on the European markets as well.


The good mood in Europe persists

The rise in European stock markets continues, led by the German DAX index, which is just a few points away from reaching an all-time high. The Hungarian stock market is also taking its share of the good international mood, in our country the rise is led by OTP and Mol, we can talk about a 0.9 percent increase in both papers.

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Strong opening in Europe

Together with yesterday’s rise in the American stock markets, the mood on the international markets started to improve, this is also shown by the European opening, where the DAX rose by 0.9 percent, while the CAC rose by 0.6 percent and the FTSE 100 strengthened by 0.5 percent. The Milan stock market also rose by 0.8 percent, while the Spanish stock market rose by 0.2 percent.

Evolution of the value of BUX

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Currency pairs, indices, commodities, shares, CFDs. Everything that makes a trader’s heart beat in connection with fluctuating exchange rates. Portfolio Tradernc=0

The day can start with an ascent

What are the current events on the stock exchanges?

  • The leading American stock indexes closed yesterday with a rise, the Dow Jones finished the day up 1.2 percent, the S&P 500 rose 1.2 percent, while the Nasdaq rose 1.2 percent.
  • The Asian stock markets are showing an increase this morning, the Nikkei is up 1.68 percent, the Hang Seng is up 0.27 percent, while the CSI 300 is up 0.52 percent.
  • The day can start with a rise on the European stock market, based on the current state of the futures stock indices, the DAX may rise by 0.67 percent, the CAC may open with a minus of 0.42 percent, while the FTSE may open with a plus of 0.44 percent.
  • American stock markets may open with a fall, based on the current state of the future stock indexes, the Dow Jones may fall by 0.24 percent, the S&P 500 may fall by 0.11 percent, while the Nasdaq may fall by 0.06 percent.

What can be expected on the macro front?

There won’t be too many events today either, a bond auction will only color the calendar at home, and the MNB will announce the first quarter statistics of financial accounts, which will reveal, among other things, the development of the public debt as a percentage of GDP, in addition, the central bank will publish detailed data on international reserves.. The week there is absolutely no data left for the last working day, the Friday calendar is empty.

May 15-21, 2023 macro calendar
Hungarian macroeconomics
May15.Monday8:30 a.mMNBStatistical scaleapr.
May15.Monday8:30 a.mKSHBuilding industryMar.
May16.Tuesday8:30 a.mKSHGDP (preliminary)Q1
May16.Tuesday11:30 a.mAKK3-month dkj auction
May18.Thursday8:30 a.mMNBFinancial accountsQ1
May18.Thursday8:30 a.mMNBForeign exchange reservesapr.
May18.Thursday11:30 a.mAKKBond auction
International macroeconomics
May15.Monday11:00 a.mEUIndustryMar.
May16.Tuesday4:00 a.mChinaRetail tradeapr.
May16.Tuesday4:00 a.mChinaIndustryapr.
May16.Tuesday11:00 a.mEUGDPQ1
May16.Tuesday11:00 a.mGerman.ZEW sentiment indexliver.
May17.Wednesday11:00 a.mEUInflationapr.
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 24.2 percent shift, the Hang Seng index is the driving force with a 1.1 percent fall.
  • Magyar Telekom’s share performed the best among domestic blue chips this year with a 25.2 percent increase, and Richter’s paper is at the bottom of the list with a 2.9 percent fall.
  • Among the most important raw materials, the price of gold has risen by 9.1 percent since the beginning of the year.
More important instruments
Exchange rateOne day1 week1 monthThis year1 year5 years
US stock indices
Dow Jones33,420.771.2%-0.3%-1.7%0.8%2.3%35.2%
S&P 5004 158.771.2%0.5%0.2%8.3%1.7%52.9%
Asian stock indices
Hang Seng19,560.57-2.1%-1.0%-5.9%-1.1%-5.1%-36.8%
CSI 3003,960.17-0.5%-0.9%-4.6%2.3%-1.1%2.5%
European stock indices
FTSE MIB27 196.460.0%-0.3%-1.8%14.7%11.9%14.3%
Regional stock indices
ATX3 139.740.3%-1.7%-3.6%0.4%-1.9%-10.6%
Hungarian blue chips
Mol2 7841.0%-0.7%2.6%7.0%-1.8%1.0%
Magyar Telekom424.51.4%2.3%2.3%25.2%3.5%1.1%
Raw materials
Foreign currencies
Government papers
10-year US Treasury yield3.581.1%4.1%-0.4%-6.5%20.2%14.7%
10-year German government bond yield2.34-0.1%1.9%-5.7%-8.8%122.9%267.6%
10-year Hungarian government bond yield7.830.4%-1.1%-11.8%-15.4%3.4%147.0%
Source: Refinitiv, Portfolio

Cover image source: Getty Images

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