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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-bankOn Monday morning, the Hungarian forint attempted to strengthen, followed by the National Bank’s decision to lower interest rates, and the central banker’s briefing in the afternoon. The afternoon hours saw increased activity on the domestic currency market, with both domestic developments and international events (US tariffs, rising oil prices) influencing the reactions.
befektetes-bankThe Lithuanian central bank, which also oversees banking in the country, has written that the acquisition of the Estonian-based Luminor Bank by the Hungarian bank raises “legitimate questions,” given that the Hungarian institution still operates in Russia – according to Reuters.
befektetes-bankIn our previous analysis, we highlighted an investment opportunity where a significant price movement was expected. Today, the anticipated movement has materialized, and a key resistance level has been broken, which should soon open up significant upward potential. Therefore, it is now truly the right time to invest.
befektetes-bankUnexpected expenses affect both men and women similarly, but they place a significantly greater burden on women, both financially and emotionally.
befektetes-bankThe Vanguard ETF, one of the most popular exchange-traded funds (ETFs), announced a reduction in fees. The Vanguard FTSE All-World UCITS ETF fee reduction is estimated to save investors approximately $37 million annually, according to FT Adviser.
befektetes-bankThe number of customer accounts has decreased slightly, while the average assets per account approached 220 million forints.
befektetes-bankDavid Martinez, one of the largest shareholders in Banco Sabadell, sold approximately half of his existing stake, representing 1.56 percent, through a broker. According to data from the Spanish stock exchange, Reuters reported on Monday that the sale was made by David Martinez, who had previously left the bank’s board of directors.
befektetes-bankWith the announcement of the admission thresholds, the lively rental market sees tenants and landlords alike neglecting to obtain appropriate home insurance.
befektetes-bankOTP, which had reached an agreement to acquire the Baltic Luminor bank group, informed LRT that since the outbreak of the war in Ukraine, it had not found a solution to leave the Russian market that would be acceptable from a legal, ethical, and economic perspective. The Hungarian bank continues to serve approximately two million customers in Russia, more than four years after the full-scale invasion of Ukraine.
befektetes-bankBritish Metro Bank is considering a merger with its competitor, Aldermore, which is valued at approximately £2 billion. The offer comes from the South African-owned FirstRand, following a controversy involving unfair sales practices related to car loans, according to Sky News.
befektetes-bankAccording to a quarterly survey of the euro zone banking sector released by the European Central Bank on Monday, euro zone banks tightened lending conditions in the second quarter due to geopolitical uncertainty and expect further tightening in the current quarter, according to Reuters.
befektetes-bankA JPMorgan and several other major US banks are close to an agreement to provide financing for Japan’s $550 billion investment program – according to two sources familiar with the negotiations. This financing would help Tokyo fulfill the commitments made by US President Donald Trump.