There is a lot of uncertainty on the stock markets, investors are looking for direction

By RockedBuzz 8 Min Read

Uncertain opening on the stock exchanges

In the first minutes of trading, there is no clear direction on Europe’s stock exchanges, in addition to the 0.1 percent rise of the DAX and CAC, the FTSE 100 fell by 0.1 percent.

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You can start the day with direction finding

What are the current events on the stock exchanges?

  • The leading American stock indexes closed yesterday with an increase, the Dow Jones stagnated, the S&P 500 rose 0.1 percent, while the Nasdaq closed 0.2 percent higher.
  • The Asian stock markets are showing a fall this morning, the Nikkei is down 1.14 percent, the Hang Seng is down 0.65 percent, while the CSI 300 is down 1.6 percent.
  • The day can start with a search for direction on the European stock exchanges, based on the current state of the future stock indices, the DAX may rise by 0.81 percent, the CAC may rise by 0.3 percent, while the FTSE may fall by 0.04 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 0.02 percent, the S&P 500 may open by 0.04 percent, while the Nasdaq may fall by 0.1 percent.

What can be expected on the macro front?

The statistical office is not idle today either, since in addition to the first quarter balance of the government sector, the latest data on the turnover of tourist accommodation from the last month before the summer season can be exciting. Meanwhile, there will be no trading in America due to Independence Day, and foreign trade data is also coming in from Germany.

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 39.0 percent shift, the Hang Seng index is the driving force with a 2.4 percent fall.
  • Magyar Telekom’s share performed the best among domestic blue chips this year with a 19.6 percent increase, and Richter’s paper is at the bottom of the list with a 0.9 percent increase.
  • Among the most important raw materials, the price of gold has risen by 6.2 percent since the beginning of the year.
More important instruments
Exchange rateOne day1 week1 monthThis year1 year5 years
US stock indices
Dow Jones34,418.470.0%2.1%1.9%3.8%10.7%42.4%
S&P 5004,455.590.1%2.9%4.0%16.0%16.5%64.2%
Asian stock indices
Hang Seng19,306.592.1%2.7%1.9%-2.4%-11.7%-32.4%
CSI 3003,892.881.3%2.2%0.8%0.5%-12.8%14.2%
European stock indices
FTSE MIB28,446.90.8%4.4%5.1%20.0%33.2%30.7%
Regional stock indices
BUX50 351.4-0.3%0.5%5.2%15.0%28.0%39.1%
ATX3 178.40.7%3.3%1.3%1.7%11.0%-1.4%
Hungarian blue chips
Magyar Telekom405.50.2%-1.1%-1.8%19.6%25.9%1.2%
Raw materials
Foreign currencies
Bitcoin31 1582.3%2.9%14.3%87.7%61.9%378.8%
Government papers
10-year US Treasury yield3.861.3%3.9%4.4%0.6%32.9%36.2%
10-year German government bond yield2.431.7%5.6%5.4%-5.2%97.3%729.7%
10-year Hungarian government bond yield7.11-0.3%-0.6%-7.2%-23.1%-13.0%85.6%
Source: Refinitiv, Portfolio

Cover image source: Getty Images

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