Latest comment from financial markets

Indicator Analysis: The Czech economy rebounded less than expected in 2Q

7/30/2021 3:05 PM

A preliminary estimate of Czech GDP in 2Q published today showed an increase of 0.6% qoq after a previous 0.3% qoq decline. Compared with our forecast of 2.1% qoq growth and the market consensus of 2.0%, this was a significant negative surprise. However, uncertainty of the CZSO estimate remains high and so we can see some data revisions in the future. In yoy terms, the economy recorded record-high growth of 7.8%, which, however, was largely given by the low base of 2020. Economic activity in 2Q reached 95% of its pre-crisis levels (measured against the last quarter of 2019).

Autor: Martin Gürtler Show more

Latest comment from the equity market

Comment on financial results: Moneta: Results for 2Q above estimates; net profit guidance increased

7/29/2021 10:25 AM

This morning, Moneta Money Bank announced results for the second quarter of this year that are significantly better year-on-year in terms of net profit. This is due to the high cost of risks a year ago. Total income after adjusting for non-recurring items and net profit are above market estimates. Moneta's management slightly reduced the full-year outlook for total revenues, but due to a decrease in risk costs the net profit guidance increased. And that serves as the basis for the dividend payment.

Autor: Bohumil Trampota Show more