South East European Markets - Page 2

South East European stock exchanges closed Friday’s trading session on a mixed note following the release of the economic data on EU’s second-quarter gross domestic product. The bloc’s GDP rose 0.6% in the second quarter of 2022 when compared to the previous three-month period. The figure went up by 0.7% in the eurozone over the same time period. Year over year, GDP

South East European stock markets finished in a mixed fashion on Thursday, as rest of Europe closed higher despite discouraging data. The European Commission revealed that consumer confidence in the eurozone fell in July. Meanwhile, Germany’s Federal Statistical Office reported that annual inflation in eurozone’s largest economy eased in the same month, but still went slightly above analysts’ expectations. In response to

Equities in South East Europe closed mostly in the green on Wednesday, in line with rest of Europe ahead of the U.S. Federal Reserve’s interest-rate decision later in the day with another 75bps hike expected, along with guidance for a move back to 50bps increases from September. Several Europe-based banks and companies released their latest earnings data, including Credit Suisse, Mercedes-Benz, Deutsche

South East European stock exchanges closed on a mixed note on Tuesday following the European Union’s decision to cut gas use by 15% for the period starting in August this year and ending in March 2023. Hungary opposed the plan, calling it ”unjustifiable, useless, unenforceable and harmful,” while some other countries expressed their concern about the way the EU intends to handle

Equities in South Eastern Europe kicked off the new trading week mostly in the red as investors braced for a big week of corporate earnings. Economic uncertainty in Europe still persists as the European Union decided to raise interest rates by 50 basis points last week. European Central Bank policymaker Robert Holzmann told the Austrian public broadcaster ORF on Sunday that the

Stocks in South East Europe headed into the weekend higher following the signing of the long-awaited grain agreement between Russia, Ukraine, Turkey, and the UN. The positive sentiment dominated the market at the close, overshadowing the latest not-so-optimistic European economic data. Flash survey results from S&P Global showed the Eurozone private sector contracted for the first time since early 2021 as the

South East European stocks turned in a mixed performance on Thursday with investors staying largely cautious, reacting to the European Central Bank’s first rate hike in 11 years, and amid persisting concerns about slowing growth and rising inflation. Investors also monitored ECB President Christine Lagarde’s press conference and her comments on the outlook, recession, inflation, TPI and the next monetary policy meeting. Lagarde