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.
Nvidia announced another major agreement. The company has secured long-term supply of SK Hynix’s high-bandwidth memory, and the two companies and their South Korean partners could build artificial intelligence infrastructure worth up to $500 billion, according to CNBC.
Shein generated a loss of $99 million in the first quarter of this year, and is expected to soon list on the Hong Kong stock exchange. According to the online fashion retailer, the decline in earnings was significantly influenced by the United States’ decision to abolish the duty exemption for low-value shipments.
The ETF market reached a record in the first half of 2026, with US assets reaching $15.818 trillion, while Europe reached €3100 billion. The growth is largely due to net inflows, while the remainder is due to the increase in the value of underlying assets. Despite the market crash in March due to the Iran-Iraq war, net inflows remained positive, followed by a strong rebound in April. Equity ETFs make up about 80% of the market, and the number of products has increased by 12% on both continents.
The Southern Railway will transform transportation across the entire country, said Minister of Transport and Investment, David Vitézy, in a video he uploaded to his Facebook page on Sunday, showcasing the new steel bridge built above the Soroksári út.
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