Stocks and Finance

Hungary

Hungary 11/25/2011

06:14 : Global Stocks Fall on Turmoil in Hungary and Italy - Moody's cut Hungary's credit rating to Ba1 from Baa3, one notch into noninvestment territory, and Italy's borrowing costs soared, adding to the sense that European leaders are losing control of events.
Source : nytimes-com
05:52 : Hungary's bonds and forint under heavy selling pressure - Headlines: Moody’s downgrades Hungary’s rating from Baa3 to Ba1 Hungary’s bonds and forint under heavy selling pressure Yesterday, Moody’s rating punished Hungary as it lowered country’s foreign and local-currency bond rating by one notch ...
Source : fxstreet-com
04:42 : Europe Markets: Europe stocks fall, weighed by banks - European stock markets quickly fall into negative territory, largely led by banks as investors continue to fret over euro-zone troubles and Hungary suffers a prior-day downgrade.
Source : marketwatch-com
02:58 : Moody's cuts Hungary to 'junk', government sees it as 'financial attack' - Moody's cuts Hungary to 'junk', government sees it as 'financial attack'Moody's slashed Hungary's govt bond rating to "junk", citing high debt levels, weak growth prospects & uncertainty about its ability to meet fiscal goals.
02:21 : Hungary gets cut to junk status by Moody's, with a negative outlook. Drive - Hungary gets cut to junk status by Moody's, with a negative outlook. Drivers of the downgrade include uncertainty about the country's ability to hit its fiscal targets, as well as Hungary's recent requests for assistance from the IMF and ...
Source : seekingalpha-com
01:03 : Asia Slips on Europe Worries - Most Asian stock markets dropped on discord in Europe over the region's debt crisis and a credit rating downgrade in Hungary. Australia's benchmark index hit a seven-week low.
Source : wsj-com

Hungary 11/22/2011

04:34 : Tip-toeing back into risk - London Open Update Tip-toeing back into risk It’s a sea of green in stock markets today; however the macro situation remains as bad as ever. Europe is still wrangling over the role of the ECB to sort out this crisis, Spain ...
Source : fxstreet-com

Hungary 11/21/2011

14:05 : Hungary Asks For Help - THE International Monetary Fund and the European Union yesterday said they were considering a request from Hungary for "precautionary" financial support. With its credit rating just one step from junk status, Hungary...
09:49 : Polish government introduces new austerity measures - Weekly Highlights: While Hungary turns again to the IMF, the MNB signals that rate hikes might come Polish government introduces new austerity measures GDP growth surprisingly accelerates Chart of the Week: GDP growth in Central Europe
Source : fxstreet-com
08:42 : Hungary Seeks Financial Aid - The European Commission said that it has received a formal request from Hungary to receive financial assistance from the European Union and the International Monetary Fund.
Source : wsj-com
08:34 : Hungary requests financial help from IMF, EU - Hungary has officially requested precautionary financial help from the IMF and the European Union, confirming a sharp reversal of the government's opposition to working under the international lender's guidance.
Source : ibtimes-com
06:38 : Lagarde: Hungary calls for financial aid - The International Monetary Fund (IMF) managing director, Christine legarde said in a statement that Hungary called for a financial support from the IMF and the European Commission.\"The IMF has received a request from the Hungarian authorities ...
Source : ibtimes-com
05:52 : Hungarian seeks new deal wit IMF - Headlines: Hungarian seeks new deal wit IMF Polish governement introduces new austerity measures CEE currencies remained relatively calm thanks to positive developments in Hungary and partly also in Poland. The Hungarian government ...
Source : fxstreet-com

Hungary 11/18/2011

11:33 : Fitch: IMF deal for Hungary would be positive step - FRANKFURT (MarketWatch) -- A potential agreement on a new International Monetary Fund program to support Hungary would be a "positive step" and could reduce downward pressure on the country's BBB-minus credit rating, Fitch Ratings said ...
Source : marketwatch-com
06:35 : ECB chief Draghi walks standard line in first major policy speech - Economic Data - (RU) Russia Narrow Money Supply (RUB): 6.42T v 6.41T prior - (GE) Germany Oct Producer Prices M/M: 0.2% v 0.1%e; Y/Y: 5.3% v 5.3%e - (HU) Hungary Sept Avg Gross Wages Y/Y: 5.2% v 5.0%e - (AS) Austria ...
Source : fxstreet-com
06:11 : Hungary turns to the IMF and the forint rebounds… - Headlines: Hungary turns to the IMF and the forint rebounds… Hungarian government bonds gain too, despite a rate-hike threat Hungary announced yesterday that it may opt for a new agreement with the IMF, which surprised markets ...
Source : fxstreet-com

Hungary 11/17/2011

15:29 : Hungary seeks talks to secure help from IMF - BUDAPEST, Hungary (AP) -- Hungary is looking for more help from the International Monetary Fund as it looks to shore up its finances in the face of a widening European debt crisis and worries over its own credit rating....
Source : usnews-com
13:47 : Hungary says seeks new IMF deal, Fund says no requests yet - Under mounting pressure from markets, Hungary said on Thursday it would start talks with the International Monetary Fund on a new deal, marking a major U-turn by the government, but the Fund said it had not received any requests for a new ...
Source : ibtimes-com

Hungary 11/15/2011

05:37 : EUR/HUF hit yet another record at 318 - Headlines: EUR/HUF hit yet another record at 318 The Czech economy showed zero growth in Q3/2011 On Monday, Central European markets remained under pressure as there was too little hard news to stay happy about. The political situation in Italy ...
Source : fxstreet-com
02:16 : Food caused accelerated in the Czech Republic - Weekly Highlights: Heavy sell off on CEE bond markets drives Slovenian 10Y yields above 7% Hungarian markets are screaming for higher rates Food caused accelerated in the Czech Republic Domestic demand set to remain weak in both ...
Source : fxstreet-com

Hungary 11/13/2011

13:26 : Hungary confident 'ambitious' goal likely - THE trade volume between Hungary and China may more than double to US$20 billion by 2015, a Hungarian minister said, adding that it is an "ambitious" target that can be reached. "It is ambitious under the current...
13:24 : Hungary confident 'ambitious' goal likely - THE trade volume between Hungary and China may more than double to US$20 billion by 2015, a Hungarian minister said, adding that it is an "ambitious" target that can be reached. "It is ambitious under the current...

Hungary 11/12/2011

10:28 : 'Junk' beckons after S&P negative shift for Hungary - Standard and Poor's has placed Hungary's sovereign rating on negative credit watch, citing unpredictable policy moves and a weak growth outlook and increasing the chances of a cut to "junk" status also threatened on Friday by fellow agency Fitch.
Source : ibtimes-com
05:55 : Hungary ratings on negative credit watch: S&P - Standard and Poors was the second ratings agency to issue a warning to Hungary over its credit rating, saying in a statement the country's unpredictable policy moves weigh on its medium-term growth prospects.

Hungary 11/11/2011

11:52 : Fitch revises Hungary rating outlook to negative - FRANKFURT (MarketWatch) -- Fitch Ratings on Friday affirmed Hungary's long-term credit rating at BBB-minus, but revised its outlook from stable to negative, citing the country's exposure to the euro zone and the government's earlier decision to allow ...
Source : marketwatch-com
06:26 : Hungary: Negative surprise in October CPI, but core inflation remains ... - While today’s release is a negative surprise (3.9% y/y vs. our 3.6% expectation), looking at the details, the release is not as bad as it seems on first glance. Core CPI remained at 3%. That said, we still not expect the Central Bank to ...
Source : fxstreet-com

Hungary 11/9/2011

05:45 : Hungary: Positive surprise in the trade balance, but forint remains weak - The EUR 742mn release exceeds our EUR 680mn forecast and beats the EUR 541mn consensus as well The Stats Office released a surprisingly good trade balance data today, showing EUR 741.5mn surplus for September, which greatly exceeds ...
Source : fxstreet-com

Hungary 11/8/2011

07:39 : Hungary: September industry: likely an one-off upside surprise - +3.9% m/m, +.30% y/y increase in the last month of 3Q11 Preliminary industrial output figures surprised to the upside, showing +3.9% m/m. On a yearly basis, the unadjusted figure came in at +3.0% which matches the wda number. We had anticipated +0.8% ...
Source : fxstreet-com
06:52 : Key Italian and Greek political questions should be clarified later today - Economic Data - (SZ) Swiss Oct SECO Consumer Confidence: -24 v -22e - (GE) Germany Sept Current Account: €15.7B v €12.3Be; Trade Balance:€17.4B v €12.5Be; Exports M/M: +0.9% v -0.8%e; Imports ...
Source : fxstreet-com

Hungary 11/2/2011

06:07 : EFSF might delays its planned 10-year bond issue - European Market Update: EFSF might delays its planned 10-year bond issue by a few weeks die to market conditions Economic Data - (HU) Hungary Oct PMI: 48.2 v 50.8 prior - (PD) Poland Oct Manufacturing PMI: 51.7 v 50.2 prior ...
Source : fxstreet-com
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