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Eastern European Equities Conclusion: Profits after monetary policy decisions

Thursday, 12/16/2021 7:12 PM from

dpa-AFX

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Eastern Europe on a globe (symbolic image). © Juanmonino / E + / Getty Images

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PRAGUE / BUDAPEST / WARSAW (dpa-AFX) – The stock exchanges in Central and Eastern Europe closed on Thursday with some significant gains. The day before, some significant losses had been recorded on the region’s stock markets. The focus was on monetary policy decisions made by various central banks.

As expected, the US Federal Reserve announced a faster reduction in bond purchases and, somewhat unexpectedly, even gave signals for three rate hikes in the coming year. The European Central Bank is letting its Corona emergency purchase program for bonds expire in the coming year. However, there is no end in sight to the low interest rates in the euro area. The British central bank, on the other hand, is resisting high inflation and surprisingly raises its key rate for the first time in the corona pandemic.

In Prague, the leading Czech index PX by 0.15 percent to 1,398.01 points. The focus was on producer prices in November. They had risen faster than expected, both year-on-year and month-on-month.

In Moscow there was also substantial growth. The Russian RTS index went out of business with a plus of 4.13 percent at 1604.70 points./sto/spo/APA/la

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