The target price of OTP was well raised, the Facebook parent company received a big slap in the face

European stock markets are generally down 0.3-0.7 percent on Thursday, although there are exceptions such as London, Milan and Madrid. The American futures indices are in a significant negative position – after Wednesday’s modest rise. The futures value of the Nasdaq index, consisting mainly of technology papers, falls by 0.8 percent, in which Meta can play a major role.

The preliminary US GDP data for the first quarter will be released on Thursday afternoon, and according to analysts’ expectations, annualized growth of 2.5 percent is expected. Investors are also looking forward to Friday’s US inflation data (the March “price index of consumer spending”). Also, it would be difficult to list how many dollar- or euro-billion companies’ quick reports have been received in the past few days in the USA and Europe. The most important may be American Airlines in the afternoon, and Microsoft, Intel and Alphabet after closing in the evening.

BUX is going against the wind

The BUX index, on the other hand, rises by 0.7 percent, and the OTP also rises in price by the same amount. Richter costs 0.8 percent, Mol 0.4 percent more. The dividend coupon for the Telekom share fell today, Thursday (which is worth 44.7 forints), but the share only falls by 25 forints (2.7 percent), which means that the stock is actually rising nicely.

The forint was basically helped by Tuesday’s Hungarian interest rate decision and its commentary, since then the price of the euro has been slowly trickling down. It is currently 392.70, one HUF below last night’s price, but it was also 392.40 in the morning. Oil, gold, and silver stagnate, and European natural gas rises in price by one and a half percent.

Fuel prices were given an ultimatum

The government is giving a two-week ultimatum regarding fuel prices – Equilor Investment Zrt summarized. On Wednesday, Minister of National Economy Márton Nagy announced that the government meeting decided that if fuel prices do not return to the regional average within two weeks, they will intervene.

It’s Thursday in the afternoonHeetci Government informationabout our colleague, Mfor-hu reported here»»».

The target price of OTP was raised again

According to Equilor Befektetési Zrt., target price increases have been received for OTP shares.

• Goldman Sachs from HUF 20,700 22,600 for forints,
• while Citi from HUF 19,300 19,620 raised to forints the 12 month target price.

The recommendation for both banks remains a buy. Meanwhile, OTP continues to gain ground on the stock market, on Wednesday the company bought another 39,800 of its own shares, the average price this time being HUF 17,363.

Tesla up, Facebook down

Although Elon Musk managed to talk Tesla up despite his bad results (it jumped 12 percent), the situation is rather the opposite for the Facebook parent company Meta’s shares. After the closing, they were also down 15-20 percent, as the company published forecasts that were weaker than expected.

However, it closed the first quarter convincingly, since with a profit of $4.71 per share it exceeded the amount estimated by the consensus of $4.32, and the 27 percent revenue growth rate is considered the best since 2021, according to the summary of K&H Securities. In addition, the company significantly raised its spending forecast for 2024, from 94 billion to 99 billion dollars.

EEuropean bankok, consumers and mammoth mines

There are also many flash reports in Europe, on Thursday mainly the banking sector and consumer goods were in the spotlight.

• THE Deutsche Bank shares slightly they sank despite the fact that the German credit institution than expected by ten percent right firstHe achieved quarterly profit growth.
• THE Briton Barclays papers by five percent rose and twelve percent firstHe quarterly profit declinerHel reported. But this theby z analysts smaller than expected decline volt.
• THEz Unilever shares by four percent rose after the consumer goods giant announced that the firstHe quarterly sales higher than expected they grew. Vconquersthere customers who earlier they switched to cheaper products.
• THE Nestle shares of more than three percent fell after the Swiss food and beverage giant 5.9 percent traffic decreaseHel reported the for the quarter, reportHes part the North American market because of its performance.
• THEz Anglo American share 13 percent jumped after the BHP Group announced that the London tHefor the purchase of a listed mining company. With this world’s largest copper minea company would come created, the global production approx ten percentthewould give t.

The crypto sector gets both cold and hot

In the last 24 hours, bitcoin and ether started to go down again, the former at $63,800 and the latter at $3,130. This is a fall of around four percent, but they are up 4-5 percent in a week. There was mixed news from the sector:

• The world’s leading asset management group, a Blackrock bitcoin spot ETFIn 2008, money inflows were registered continuously for 70 days, thus placing it at the forefront of American ETFs.
• THE bitcoin exchange rate by the end of the year you can reach 150 thousand dollarsand 200 by the end of 2025 thousand dollars – believes the British-based Standard Chartered financial group senior analyst.
• Hacres hacked and leaked the Salvadoran state bitcoinmoneywallet, the Chivo your code.
• Former head of Binance, Changpeng Zhao three may face a year in prison. (Last year, he was charged with facilitating money laundering in the USA.)

Bitcoin scams are also being warned at home

The price of bitcoin has reached new highs this year, but with this the frequency of various scam attempts has also increased dramatically. Hungary is no exception to this – notes economist Imre Szilágyi, the main organizer of the Blockchain Budapest conference. However, according to him, all of this can be effectively prevented with some simple, easy-to-remember information.

The most common method of scams is when fraudsters claim a large sum of money in a phone or email inquiry.ugh we received a prize or gift in Bitcoin.

However, in order to be able to access it, a small amount would have to be transferred to “unlock”. This in itself is a disqualifying factor, since Bitcoin cannot be locked, so there is no need to unlock it. “It’s like someone trying to explain that we have to send the e-mail by post,” Szilágyi pointed out.