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 11th of February 2013

Market Roundup:

Markets overall maintained their lofty levels but it was not surprising to see some losses after weeks of strong performance.

Starting with Asia, local indices had a rocky week, with the Hang Seng shedding 2.14% for the week. With public holidays arriving ahead of Chinese New Year, trading motivation was light and saw investors closing positions.

Falls were mitigated by further upbeat economic data from China. The advance came after data for January showed exports jumped 25% and imports climbed 28.8% from the year-ago period, giving the country a trade surplus of $29.2 billion. All figures beat market expectations.

Official figures released separately also showed that the country’s consumer price index rose 2% in January from a year-earlier, easing from a 2.5% rate of increase in December.

In Europe, investors were given a timely reminder that the debt situation lingers and hence suffered minor losses on the week. This came despite positive comments from ECB Chief Mario Draghi, saying that sentiment in the region had improved however China trade data garnered a late rally. In Brussels, Ministers agreed a 3% (€34.4bln) budget cut over 7 years.

In the US, the DOW retook 14,000 and the S&P 1,500 also on the back of China and saw its trade deficit fall by almost 21% in December to $38.5 billion, marking the biggest drop in four years, as exports rose and imports softened.



Full report please download here

Download section