PRAGUE, Jan 5 (Reuters) - Prague and Hungarian stock markets
retreated from multi-month highs on Tuesday and currencies
mostly drifted lower after renewed concern about the COVID-19
pandemic stalled a rally.
Czech bond yields dipped from new highs as markets priced in
budget news before the finance ministry announces 2020 deficit
figures on Tuesday. The pandemic has hammered the region's
public finances.
In Poland, assets bucked the weakening trend with a 0.7%
rise in the blue-chip index, led by a rebound for
clothing retailer LPP. The zloty gained
0.2%against the euro, bid at 4.54 at 1038 GMT.
"Yesterday LPP and (shoe retailer) CCC were bottom of the
WIG 20," said DM BOS analyst Konrad Ryczko. "The theme of
lockdowns in Europe appeared again and it weighed on clothing
retailers but today they are bouncing back."
Market participants are keen to move on from a volatile
2020, but new lockdowns, notably in Britain and Germany, brought
to a halt a rally fuelled by some promising economic indicators.
The number of active COVID-19 cases in the Czech Republic
was at its highest since late October. The country's strictest
lockdown measures apply, although industry remains open.
The crown dipped to 26.196 per euro. Hungary's
forint was a touch down at 361.20. Stock indices in
Prague and Budapest touched their highest marks
since February and March, respectively, on Monday but shed 0.8%
and 0.2% on Tuesday.
"It is about COVID again," a Prague forex dealer said.
The dealer said the crown's firmer trend faltered at around
26.100 per euro in the previous session and that level, which
ended rallies last month, would continue to provide resistance.
On bond markets, yields mostly dropped, with the Czech
10-year benchmark at around 1.28% and just off its
highest level since May.
Czech Finance Minister Alena Schillerova said on Dec. 30 the
2020 budget deficit would reach a record 370 billion to 380
billion crowns ($17.83 billion). Markets are bracing for another
year of high borrowing with public finances likely to end 2021
deep in the red.
CEE SNAPSHO AT
MARKETS T 1138
CET
CURRENC
IES
Latest Previou Daily Change
s
bid close change in 2021
EURCZK Czech <EURCZK 26.1960 26.1860 -0.04% +0.13%
= crown =>
EURHUF Hungary <EURHUF 361.200 361.150 -0.01% +0.42%
= forint => 0 0
EURPLN Polish <EURPLN 4.5444 4.5546 +0.22% +0.33%
= zloty =>
EURRON Romanian <EURRON 4.8705 4.8700 -0.01% -0.11%
= leu =>
EURHRK Croatian <EURHRK 7.5600 7.5615 +0.02% -0.17%
= kuna =>
EURRSD Serbian <EURRSD 117.520 117.600 +0.07% +0.04%
= dinar => 0 0
Note: calcula 1800
daily ted CET
change from STOCKS
Latest Previou Daily Change
s
close change in 2021
.PX Prague 1021.49 1029.27 -0.76% -0.55%
00
.BUX Budapest 42237.4 42333.4 -0.23% +0.31%
4 8
.WIG20 Warsaw <.WIG20 2023.29 2008.75 +0.72% +1.98%
>
.BETI Buchares 9840.66 9843.60 -0.03% +0.36%
t
.SBITO Ljubljan <.SBITO 911.64 905.86 +0.64% +1.20%
P a P>
.CRBEX Zagreb <.CRBEX 1761.72 1743.99 +1.02% +1.29%
>
.BELEX Belgrade <.BELEX 747.58 749.91 -0.31% -0.14%
15 15>
.SOFIX Sofia <.SOFIX 448.87 446.94 +0.43% +0.30%
> BONDS
Yield Yield Spread Daily
(bid) change vs Bund change
in
Czech spread
Republic
CZ2YT= 2-year <CZ2YT= 0.2510 -0.0420 +097bp -5bps
RR RR> s
CZ5YT= 5-year <CZ5YT= 0.8020 -0.0170 +156bp -2bps
RR RR> s
CZ10YT <CZ10YT 1.2810 -0.0270 +187bp -4bps
=RR 10-year =RR> s
Poland
PL2YT= 2-year <PL2YT= 0.0490 -0.0240 +076bp -3bps
RR RR> s
PL5YT= 5-year <PL5YT= 0.3980 -0.0400 +115bp -5bps
RR RR> s
PL10YT <PL10YT 1.2300 0.0060 +182bp +0bps
=RR 10-year =RR> s
FRA
3x6 6x9 9x12 3M
interba
nk
Czech <CZKFRA 0.41 0.49 0.60 0.36
Rep ><PRIBO
R=>
Hungary <HUFFRA 0.68 0.69 0.71 0.75
><BUBOR
=>
Poland <PLNFRA 0.18 0.16 0.15 0.21
><WIBOR
=>
Note: FRA quotes
are for ask
prices
***********************************
***************************
(Reporting by Jason Hovet in Prague, Anita Komuves in Budapest,
and Alan Charlish in Warsaw; editing by Barbara Lewis)
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