What's next for the Bucharest Stock Exchange?
March 2012 - From the Print Edition
This week the Romanian markets entered into a small correction zone with very low variations on the main indices and low volume.
Factors contributing to this were the unknown end of the private sector involvement in the Greece debt restructure and the release in the last trading day of the week, of the Employment Report in US for the month of February. Both came out with positive outcome, Greece deal was passed with participation of over 80% of private sector creditors that agreed to exchange their bonds with new ones and over two hundred thousand jobs were created in USA in the last month.
The main indexes of Bucharest Stock Exchange finished the week with small corrections than the previous week:
• BET at 5.304 points -1,0%
• BET-FI at 25.162 points -3,2%
Next week the world markets attention will be focused on USA, on Tuesday evening, for the outcome of Federal Open Market Committee meeting and their monetary decision.
In the statement that is released after the meeting among other topics, it is provided a review of the world biggest economy, an inflation projection and risks weighing over this projections. In their latest statements they′ve outlined significant risks that come from Europe sovereign debt problems and is very interesting to see if after an agreement with private sector involvement in Greece debt had taken place and after the yields on Spain and Italy eased to very comfortable levels, they still think is worth mentioned "significant risk"
After the FOMC meeting, the market participants will focus on the latest inflation figures in the USA released on Thursday (Producer Price Index) and Friday (Consumer Price Index), expectations being for a small build up of price pressure, but nothing worrying that needs Federal Reserve to act on the interest rates.
Also Friday will be a quarterly expiration day (quadruple witching) a day when all the contracts of stock index futures, stock index options, stock options and single stock futures expire and traders will want to adjust their portfolio accordingly to their needs, adding extra volume and volatility into the markets.
Quadruple witching occurs on the third Friday of March, June, September and December.
In Romania no major economic data is scheduled next week so the Bucharest Stock Exchange will correlate with the international markets in very probably moving higher and confirming the bull market that is unfolding.
This info is provided by Vasile Szakacs, Head analyst and founder of www.consultantabursa.ro
Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.
British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.
The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...
Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has fi...
Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...
The Romanian Finance Ministry has signed five more grant agreements under the state aid scheme, and among the beneficiaries are Automobile Dacia, with RON 115.8 million.
OTP Bank Romania signed a partnership with Eurobank Fund Management Company (Luxembourg) for the distribution of investment funds in Romania. Thus, from December 1st, OTP B...