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.
Many people have been saving money in voluntary retirement funds for years, even decades, but few know what happens to their savings after their death.
The Bank of England has launched an investigation into the rapid growth of Asian stock holdings among London-based investment banks. The aim is to prevent the formation of overly concentrated positions among companies related to artificial intelligence. The SK Hynix example illustrates the volatility of portfolios, with the company losing over 100 billion dollars in market value in a single day.
Another positive analyst report has arrived for OTP: UBS has significantly increased its target price for the bank’s shares. In recent weeks, several investment banks have become more optimistic about the Hungarian bank’s shares, and they are also evaluating the announcement of the acquisition of Luminor.
The world’s largest exchange-listed hedge fund, Man Group, successfully reversed capital outflows in its most profitable business segment during the first half of the year, which drove up the company’s share price by nearly 7 percent, according to the Financial Times.
Deutsche Bank exceeded expectations, increasing its second-quarter profit by 10 percent year-on-year, primarily due to the strong performance of its investment banking division, which effectively offset rising costs.