Latest comment from financial markets

CZGB Auction Preview: Second wave requires additional fiscal stimulus but not higher issuance

10/20/2020 10:52 AM

MinFin is scheduled to auction CZK2.0bn of 7-year floaters, CZK4.0bn of 9-year bonds and CZK2.0bn of 20-year bonds. According to our calculations, the government has secured roughly 106% of its borrowing needs since the beginning of the year. On the other hand, the current deterioration of the pandemic situation in the Czech Republic will, in our view, require an additional CZK20bn, which is included in the revised budget deficit forecast (CZK370bn, 6.5% of GDP). 

Autor: František Táborský Show more

Latest comment from the equity market

Comment on financial results: Avast: Reported numbers are higher yoy; a strong balance sheet indicates further development

10/21/2020 12:17 PM

Avast published today selected operating indicators for the third quarter of this year. Adjusted sales increased +2.6% to USD226m and adjusted EBITDA reached USD126m, a year-on-year increase of + 3.3%.

Autor: Bohumil Trampota Show more