PragueConnect.cz - Economy

PragueConnect.cz is providing resources for English speaking Business Professionals living in, visiting, or interested in Prague and Czech Republic. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on PragueConnect.cz!

Mithril Asset management - Weekly Bulletin presented by Square Mile Financial Services


Weekly Finance Bulletin 26th November 2012

Market Roundup:

Stock markets enjoyed a positive week and in some cases rose to levels not seen since last month.

Investor sentiment was guided by German business data index as the Munich-based Ifo Institute’s index rose to 101.4 in November from 100 in October, beating expectation. A good result for Europe’s largest economy is good for the region as a whole, especially as its leaders hit a much expected deadlock over its budget negotiations.

Nonetheless, the DAX rose 3.7% for the week and France’s CAC 40 added over 4%. Indeed in France the index for the business environment rose to 88 in November from 85 in October. However business sentiment is still at a 3 year low.

In Asia, preliminary PMI data in China was also looking positive signalling a rise to 50.4, and most importantly, the first expansion in over a year. The Hang Seng advanced 3.57% and once again the Nikkei rocketed up by over 6% as exporter shares surged on the weakening Yen.

Both Japanese and US markets had shorter trading weeks due to various public holidays and US consumers flocked to grab a bargain in Black Friday sales. Indeed tech stocks were among the biggest performers with Apple gaining over 7% for the week, Microsoft nearly 4% and Blackberry manufacturer Research in Motion an astonishing 27% as its new L Series Blackberry 10 phone was leaked to the market.



Full report please download here

Download section