PRAGUE, June 3 (Reuters) - Central European currencies eased
on Thursday, pressured by a firmer dollar as markets awaited
this week's key U.S. jobs data, while Budapest stocks approached
an all-time high.
Budapest's BUX index hit a record peak on Tuesday,
propelled by OTP shares, which also touched all-time
highs after the bank said it would acquire Slovenia's Nova KBM
bank.
Central European stock markets have jumped to multi-year
highs this year on hopes of an economic recovery from the
COVID-19 pandemic, with Budapest up almost 12% since the start
of the year.
Prague has gained 14% this year, led by utility CEZ
whose hefty dividend plan has attracted investors. CEZ
shares hit a fresh six-year high on Thursday.
Polish markets were closed for a holiday.
Currencies have also been firming this year, with markets
seeing interest rate hikes coming in the Czech Republic and
Hungary as inflation pressures build amid the recovery.
The Hungarian forint was down 0.1% at 346.40 to
the euro at 0855 GMT, after hitting a 9-1/2-month high in the
previous session.
The Czech crown, which hit a 14-month high in May
before weakening somewhat, was flat at 25.45 per euro. The
Polish zloty and Romania's leu were also
little changed.
Market focus was on U.S. economic data, which could set the
tone for upcoming global central bank meetings.
A weekly U.S. unemployment report and May private payrolls
data on Thursday will be followed by monthly jobs numbers on
Friday, with investors looking for signs of an economic rebound
and rising inflation.
"Like all global markets, the crown is waiting on Friday's
(U.S.) payrolls result," bank CSOB said in a trading note.
"Czech wage data for the first quarter will also be
important on Friday. It will undoubtedly be an important piece
of the puzzle for the Czech National Bank."
CEE SNAPSHO AT
MARKETS T 1055
CET
CURRENC
IES
Latest Previou Daily Change
s
bid close change in 2021
EURCZK Czech <EURCZK 25.4500 25.4560 +0.02% +3.06%
= crown =>
EURHUF Hungary <EURHUF 346.400 345.900 -0.14% +4.71%
= forint => 0 0
EURPLN Polish <EURPLN 4.4600 4.4600 +0.00% +2.22%
= zloty =>
EURRON Romanian <EURRON 4.9230 4.9214 -0.03% -1.18%
= leu =>
EURHRK Croatian <EURHRK 7.5030 7.5035 +0.01% +0.59%
= kuna =>
EURRSD Serbian <EURRSD 117.530 117.605 +0.06% +0.03%
= dinar => 0 0
Note: calcula 1800
daily ted CET
change from STOCKS
Latest Previou Daily Change
s
close change in 2021
.PX Prague 1172.46 1173.82 -0.12% +14.15
00 %
.BUX Budapest 47147.0 46736.8 +0.88% +11.97
4 9 %
.WIG20 Warsaw <.WIG20 2252.26 2252.26 +0.00% +13.52
> %
.BETI Buchares 11639.3 11582.4 +0.49% +18.70
t 2 6 %
.SBITO Ljubljan <.SBITO 1142.34 1144.51 -0.19% +26.81
P a P> %
.CRBEX Zagreb <.CRBEX 1951.71 1951.71 +0.00% +12.21
> %
.BELEX Belgrade <.BELEX 779.41 779.23 +0.02% +4.11%
15 15>
.SOFIX Sofia <.SOFIX 537.28 534.77 +0.47% +20.05
> %
BONDS
Yield Yield Spread Daily
(bid) change vs Bund change
in
Czech spread
Republic
CZ2YT= 2-year <CZ2YT= 0.4820 -0.0260 +115bp -3bps
RR RR> s
CZ5YT= 5-year <CZ5YT= 1.4830 -0.0440 +205bp -5bps
RR RR> s
CZ10YT <CZ10YT 1.7480 -0.0060 +194bp -1bps
=RR 10-year =RR> s
Poland
PL2YT= 2-year <PL2YT= 0.3730 -0.0060 +104bp -1bps
RR RR> s
PL5YT= 5-year <PL5YT= 1.2760 -0.0100 +185bp -2bps
RR RR> s
PL10YT <PL10YT 1.8490 0.0000 +204bp -1bps
=RR 10-year =RR> s
FRA
3x6 6x9 9x12 3M
interba
nk
Czech <CZKFRA 0.71 0.97 1.31 0.40
Rep ><PRIBO
R=>
Hungary <HUFFRA 1.27 1.52 1.68 0.91
><BUBOR
=>
Poland <PLNFRA 0.33 0.51 0.69 0.21
><WIBOR
=>
Note: FRA quotes
are for ask
prices
***********************************
***************************
(Reporting by Jason Hovet in Prague and Anita Komuves in
Budapest; Editing by Devika Syamnath)
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