The HUF is expecting two important news this week, the prices of Teslas are falling everywhere

On Monday, the European stock market indices are in a very varied range of gains, in Frankfurt and Paris the increase is only around 0.3-0.4 percent, but in London, the Netherlands and Belgium the increase is 1.0-1.3 percent. American futures indexes are also up by around half a percent.

On Friday, the S&P 500 index closed below 5,000 points for the first time in weeks, but based on this, it may not stay there for long. The focus is on the rapid reports of American companies, this week mainly large technology companies. Four of the so-called Magnificent Seven group will publish their main numbers, Tesla on Tuesday after market close, Facebook parent Meta on Wednesday, Microsoft and Google’s parent company Alphabet on Thursday.

The BUX index rises by 0.7 percent, while the OTP rises by half a percent and is once again above HUF 17,000. Richter went up by 0.6, Mol by 0.8, Telekom by 0.3, and Duna House by 2.1 percent. The euro is HUF 394.60, twenty pennies above the level of Friday evening, but it was also 393.50 in the morning.

Copper is at its peak, oil, gas and gold are cheaper

Oil continues to trickle down due to the lack of escalation in the Middle East, Brent fell by 0.7 percent to $86.70. Natural gas in the Netherlands also falls by almost two percent. The fact that gold falls more significantly, by one and a half percent, to around $2,375 is probably also related to the reduction of political tensions.

Copper, on the other hand, continues to rise in price, a unit in London was 9,996 pounds, which is a new annual high. It is only 7-8 percent away from its historical record.

Two events await the forint this week

“This week, two important events are expected at home, which may affect the forint,” wrote Erste Befektetési Zrt.

“Emostly, the Hungarian central bank decides on interest rates on TuesdayHe meeting, where we expect it to be most likelyughscenario bb is a 50 basis point easing.

On the other hand, the publication of S&P’s country review after the close on Friday, where, however, no change is expected in either the classification or the outlook.”

America had a bad week, BUX also suffered

The American markets closed a particularly weak week last week, the S&P 500 index closed six days in a row with a fall, so it fell by three percent in the course of a week, K&H Securities wrote.

This is considered to be the weakest week in the past year, the last time there was a bigger one-week decrease was last March’s turbulent weatherHewe could see in the department.

On Friday, the financial, utility and energy sectors closed with gains of more than one percent, while the communications sector was down one and a half percent, and technology stocks were down almost three percent.

Hungarian stocks also failed to find strength amid the weaker international market sentiment, the decline was led by Richter’s paper, which closed below HUF 8,900, but OTP and Mol also weakened. Magyar Telekom ended the week with an increase of more than one percent.

They accepted two nice dividends

General meetings of domestic listed companies are ongoing. According to data collected by Erste Befektetési Zrt.:

• THE Magyar Telekom It pays a dividend of HUF 44.7 per share. Payment starts on May 8Hedik. It will last with a dividend coupon on April 24.
• The Alteo commughon Friday, the Board of Directors voted to pay a HUF 200+200 dividend per share. Actual dividends are likelyughit will be a little more since to the own shares andHe part is also distributed among the shareholders. “The news is as expectedHe.“

Tesla prices are falling everywhere

Tesla is reducing the American prices of the Y, X and S models by two thousand dollars, days after the first-quarter deliveries of the world’s most valuable car manufacturer fell short of market expectations, wrote Equilor Befektetési Zrt.

• dropped the price of the base Model Y to $42,990wedgewhile the long-range and performance versions are priced at $47,990 and $51,490, respectively.
• the base version of the Model S will now cost $72,990, and the checkered version will cost $87,990,
• the base model X is $77,990 and the checker is $92,900.

Tesla also lowered its prices in China and Germany. In the meantime, it is recalling nearly four thousand Cybertrucks citing faulty pedals.

Free after bitcoin halving

At dawn on Saturday, the long-awaited bitcoin halving took place, after which the number of bitcoins generated was halved. According to expectations, this could be good for the exchange rate in the long term, but not much happened in the short term, and the temporary fluctuation was not significant either. The exchange rate has been rising slowly since then, rising from 62-63 thousand dollars to 66 thousand dollars in two days.

A negative effect was that since many people wanted to place their transactions in the first blockchain block of the halving period – considered by fans to be of historical importance – the transaction fees jumped multiple times. Since then, however, they seem to be slowly normalizing.

The MNB assesses the domestic crypto market roleHetwo

In parallel with the adoption of EU and Hungarian legislation on the licensing and supervision of crypto market players, such as crypto asset providers, within a regulated framework, the central bank assesses how many domestic players wish to enter the market. In Hungary, roughly 200,000 customers own or trade in crypto-assets, says the organization’s statement. Read more:

Will there be hardly any growth in Hungary?

In the past ten years, one of the foundations of economic growth in Hungary has been the fact that a lot of people have been recruited into the labor market, which is a serious success. But productivity only increased by an average of one percent per year, said fund manager Viktor Zsiday, according to Holdblog. But today we have no spare labor reserves.

Hunless there is some kind of structural transformation, economic growth of more than one percent cannot really be seen in the Hungarian economy.

There are many components to increasing productivity, such as a high level of education, healthcare, the rule of law, predictability and the public environment surrounding businesses. But these require structural reforms that, at best, have results in ten years, said the economist.