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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.
befektetes-bankThe Erste Group achieved significant profit growth in the first half of 2026, with its loan and deposit portfolio also increasing, which was supported by the successful consolidation of the Polish Erste Bank Polska. As a result of these positive results, the financial institution increased its target for the loan portfolio to 290 billion euros, while it plans to double its earnings per share by 2030.
befektetes-bankMVM achieved a significant performance increase.
befektetes-bankSamsung Electronics has achieved another record quarter, reaching the highest sales and operating results in the company’s history. The growth in the memory chip business is driven by demand for artificial intelligence, which the company believes will sustain market shortages for years to come. More and more large data centers are trying to secure the required capacity for years in advance.
befektetes-bankThe euro has not been this expensive since April.
befektetes-bankThe S&P 500 also declined.
befektetes-bankWe asked an economist at Oeconomus.
befektetes-bankOn Wednesday morning, a significant selling wave began on Asian stock exchanges, driven by the high valuation of AI stocks and concerning investments in the technology sector. In Europe, the day started positively, but indicators declined in the morning, and a trend emerged in the afternoon. In the United States, there were significant declines after the Fed’s interest rate decision. After the market close, Microsoft reported positive results, while Meta reported negative results, surprising investors.
befektetes-bankThe Microsoft announcement exceeded expectations, leading to a surge in the stock price after Wednesday’s close. It appears that the company’s massive investments in artificial intelligence are starting to generate returns.
befektetes-bankDespite reporting strong revenue figures in the second quarter, the Meta stock experienced a significant decline following the earnings report, as profits fell significantly below expectations and operating margins declined sharply. Rising AI costs are increasingly concerning investors.
befektetes-bankDonald Trump’s threatening messages regarding Iran have stirred the currency markets, leading to an initial weakening of the forint. However, after the Fed’s interest rate decision, the Hungarian currency unexpectedly strengthened by five units. According to Kevin Warsh, the Fed president, the market received the signal that the central bank is willing to tolerate temporarily higher inflation.
befektetes-bankThe base rate remained in the 3.5-3.75% range. The central bank noted that inflation is above target, but this is primarily due to shocks to supply chains. Warsh emphasized at the press conference that nominal and real interest rates have increased significantly since the previous meeting. Warsh said that the question is how supply-side shocks affect the underlying inflationary process.
befektetes-bankThe Fed did not change anything.