The forint’s trading on Thursday initially stabilized, but the exchange rate weakened throughout the day due to the international mood and expectations regarding US labor market data. Important factors include the US-Iran negotiations, the price of oil, and expected interest rate changes by the Japanese and US central banks. The KSH’s unfavorable industrial and retail data also affected the forint, while demand for Hungarian government bonds remained stable.
HSBC is selling its Australian retail mortgage and personal loan portfolio worth 36 billion Australian dollars to Blackstone, the global asset manager. This is the largest such transaction in the global mortgage market to date.
It is now difficult to find words to describe what is happening on the South Korean stock exchange, for example, the Kospi index produced a historical increase today, after the strong reports from Microsoft and Amazon further reinforced the optimism regarding artificial intelligence. The previous days of panic selling were followed by a remarkable turnaround, with the shares of leading chip manufacturers rising by more than 20 percent in a single day.
Raiffeisen Bank International achieved a consolidated profit of 708 million euros in the first half of 2026 without Russia, representing a 25% increase compared to the same period of the previous year. The bank’s main revenues increased by 7%, and the outstanding balance of customer loans also increased significantly. RBI emphasized that it would continue to reduce its business activities in Russia, and all restrictive measures would remain in place.
Apple closed a strong quarter, with revenues and profits exceeding expectations, mainly due to strong iPhone sales. However, the stock price fell significantly after the report, because the services segment and Chinese revenues fell short of analyst estimates, and management warned of significant supply difficulties in the coming months.
The Bank of Japan (BOJ) kept its benchmark interest rate unchanged at 1 percent on Friday, while warning that the inflation rate could clearly rise above the target of 2 percent in the coming months.