BUCHAREST, Sept 23 (Reuters) - Most central European stocks
and currencies tracked broader markets higher on Thursday after
the U.S. Federal Reserve clarified its timeline for rate hikes
and as concerns over Chinese property developer Evergrande
eased.
By 1030 GMT, Budapest"s blue-chip index led gains
with a 1.0% rise, followed by Bucharest"s and Prague"s
, up 0.9% and 0.8%, respectively.
China injected fresh cash into its financial system ahead of
a crucial Evergrande bond coupon deadline, easing some of the
concerns over a possible default that had hit markets earlier
this week.
The Hungarian forint eased 0.1% against the euro on the day
to 355.5000, extending losses after Tuesday"s
lower-than-expected rate hike.
The Czech crown was up 0.2% against the euro.
"Sharp stock gains and a halt to dollar firming after the
Fed could play in the crown"s favour," CSOB said in a market
note. "Similarly like a calmer mood in Asian market after fears
eased over the collapse of Evergrande."
The Hungarian and Czech central banks were the first in the
European Union to raise interest rates in June. But while
Hungary scaled back its hikes, Czech central bankers have shown
support for stepping up policy tightening with a bigger than
usual 50 basis-point rate increase next week.
Elsewhere in the region, the Polish zloty was up
0.5% against the euro and the Romanian leu 0.1%.
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