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3 个月内
CEE MARKETS-Kuna rises as revenues, risk appetite outweigh politics
2017年4月28日 / 下午2点00分 / 3 个月内

CEE MARKETS-Kuna rises as revenues, risk appetite outweigh politics

7 分钟阅读

    * Kuna rebounds from 3-month-low on seasonal tourism impact
    * Croatian government splits over Agrokor crisis
    * Czech crown rebounds again from levels beyond 27 vs euro

 (Adds firming of Czech bonds, jump in Bulgarian Fibank stocks)
    By Sandor Peto and Igor Ilic
    BUDAPEST/ZAGREB, April 28 (Reuters) - Croatia's kuna pulled
back from three-month lows on Friday, as a seasonal lift in
tourism revenues and a rise in risk appetite outweighed fears
over the future of the coalition government.
    Other regional currencies also rose, still riding the wave
of centrist Emmanuel Macron's win on Sunday in the first-round
of France's presidential election - seen as a vote for stability
and staying in the European Union.
    The kuna had sunk on Thursday after Croatian Prime Minister
Andrej Plenkovic fired ministers from his junior coalition
partner, saying they had failed to support the finance minister
in his handling of a corporate crisis.
    The ministers' Most (Bridge) party pulled out of the
coalition on Friday - raising the possibility of a snap election
or at least a period of political wrangling - but the currency
firmed 0.26 percent on the day to 7.465 per euro by 1352 GMT.

    Analysts said a seasonal pick-up in tourism revenues, and
relief over the French result all supported the kuna, though one
dealer at a local bank said the local political problems could
still weigh on the currency down the road.
    "I expect certain easing pressures to persist in the coming
days or weeks due to the Agrokor crisis and political
uncertainties," the dealer said, referring to the financial
crisis at retail and food group Agrokor, Croatia's biggest
private firm.
    The Czech crown firmed 0.3 percent to 26.94 per
euro.
    It rebounded sharply from levels past 27, which it reached
on Thursday for the second time since the central bank removed a
cap three weeks ago which had kept it weaker than 27 for years.
    The zloty touched a one-month high at 4.2133, a
hairbreadth from 18-month highs beyond 4.21, before giving up
most of its gains in late trade.
    The yield on Czech 10-year bonds was flat at 0.99 percent
and the corresponding Polish yield rose 5 basis points to 3.45
percent as JPMorgan, which runs the most widely used emerging
debt indexes, added Czech papers to its GBI-EM index as of
Friday, cutting the weighting of Polish bonds.            
    The stocks of Bulgaria's third-largest bank, Fibank
jumped 9 percent to a 9-year high, after it hired Citigroup to
advise on strategic options including drawing in new owners.
    
              CEE        SNAPS   AT  1552          
              MARKETS    HOT    CET           
                         CURRENCIES                
                         Lates  Previ  Daily  Chang
                         t      ous           e
                         bid    close  chang  in
                                       e      2017
 Czech crown             26.94  27.02   +0.3  0.25%
                            00     45     1%  
 Hungary                 312.3  311.8  -0.15  -1.13
 forint                    500    750      %      %
 Polish                  4.223  4.223   +0.0  4.28%
 zloty                       0      3     1%  
 Romanian                4.533  4.533   +0.0  0.03%
 leu                         8      7     0%  
 Croatian                7.464  7.483   +0.2  1.21%
 kuna                        5      8     6%  
 Serbian                 123.2  123.2   +0.0  0.12%
 dinar                     000    000     0%  
 Note: daily  calculate  previ  close  1800        
 change       d from     ous    at     CET    
                         STOCK                     
                         S                    
                         Lates  Previ  Daily  Chang
                         t      ous           e
                                close  chang  in
                                       e      2017
 Prague                  1006.  1002.   +0.4   +9.2
                            94     12     8%     6%
 Budapest                32944  32959  -0.05   +2.9
                           .53    .62      %     4%
 Warsaw                  2369.  2382.  -0.54   +21.
                            85     78      %    66%
 Bucharest               8241.  8184.   +0.6   +16.
                            32     77     9%    32%
 Ljubljana               782.3  788.2  -0.75   +9.0
                             2      5      %     2%
 Zagreb                  1905.  1888.   +0.8  -4.49
                            33     86     7%      %
 Belgrade     <.BELEX15  720.6  728.9  -1.14   +0.4
              >              4      4      %     6%
 Sofia                   656.3  649.4   +1.0   +11.
                             9      7     7%    93%
                         BONDS                     
                         Yield  Yield  Sprea  Daily
                                       d      
                         (bid)  chang  vs     chang
                                e      Bund   e in
 Czech                                        sprea
 Republic                                     d
   2-year     <CZ2YT=RR  0.045      0   +076  -3bps
              >                          bps  
   5-year     <CZ5YT=RR  0.199  0.004   +057  -2bps
              >                          bps  
   10-year    <CZ10YT=R  0.988      0   +066  -3bps
              R>                         bps  
 Poland                                            
   2-year     <PL2YT=RR  1.991  0.005   +271  -2bps
              >                          bps  
   5-year     <PL5YT=RR  2.897  0.041   +327   +2bp
              >                          bps      s
   10-year    <PL10YT=R  3.452  0.052   +312   +2bp
              R>                         bps      s
              FORWARD    RATE   AGREEMENT          
                         3x6    6x9    9x12   3M
                                              inter
                                              bank
 Czech Rep            <   0.34   0.42   0.53      0
              PRIBOR=>                        
 Hungary              <   0.24    0.3   0.41   0.16
              BUBOR=>                         
 Poland               <  1.751   1.78  1.833   1.73
              WIBOR=>                         
 Note: FRA    are for                              
 quotes       ask                             
              prices                          
 

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