Top Stories
Top Stories
Wires

CEE MARKETS-Central European assets gain on sentiment helped by German data

PRAGUE, Aug 6 (Reuters) - Central European assets strengthened on Tuesday as positive data from Germany helped to calm investors' nerves, jittery since an escalation of U.S.-China trade tensions last week. The Czech crown, Poland's zloty and Hungary's forint had gained 0.2%-0.3% by mid-morning trade. Stocks rose in Warsaw and Budapest, while the Prague bourse's main index was a touch lower. Germany reported growth of 2.5% in industrial orders in May, the biggest jump since August 2017 and far stronger than the 0.5% increase expected. The data helped European shares recover some of their losses after posting their biggest two-day drop in over three years. China's yuan steadied as authorities took steps to contain its slide. The Sino-U.S. dispute was far from over, however, as Treasury Secretary Steven Mnuchin said Washington would designate China a currency manipulator, its first such move since 1994. "This week there are no important data releases from Poland, so the zloty exchange rate is likely to be determined by global events. Today in the morning the global sentiment is better than yesterday so the EURPLN may stabilize," Santander Bank Polska analysts said in a note. The crown paid little attention to data showing Czech industrial production fell 3.8% year-on-year in June, its steepest drop in three years.

CEE MARKETS SNAPSHOT AT 1151 CET

CURRENCIES

Latest Previous Daily Changebid close change in 2019Czech 25.7310 25.7880 +0.22% -0.09%

crown

Hungary 325.8600 326.6700 +0.25% -1.47%

forint

Polish 4.3115 4.3210 +0.22% -0.51%

zloty

Romanian 4.7310 4.7325 +0.03% -1.63%

leu

Croatian 7.3840 7.3825 -0.02% +0.35%

kuna

Serbian 117.6000 117.7000 +0.09% +0.60%

dinar

Note: calculated from 1800daily CET

change

Latest Previous Daily Changeclose change in 2019Prague 1025.70 1025.5400 +0.02% +3.97%Budapest 40114.76 39896.31 +0.55% +2.49%Warsaw 2171.65 2164.14 +0.35% -4.61%Bucharest 8995.57 9016.57 -0.23% +21.83%Ljubljana 867.87 866.55 +0.15% +7.91%Zagreb 1899.37 1904.28 -0.26% +8.61%Belgrade 737.98 738.40 -0.06% -3.11%Sofia 581.76 581.39 +0.06% -2.14%

BONDS

Yield Yield Spread Daily(bid) change vs Bund change inCzech spread

Republic

2-year 1.0890 0.1240 +190bp +13bps

s

5-year 0.9330 0.0020 +173bp +2bps

s

10-year 1.0620 0.0170 +159bp +4bps

s Poland

2-year 1.5560 0.0150 +237bp +2bps

s

5-year 1.8300 0.0470 +263bp +6bps

s

10-year 2.0810 0.0410 +261bp +6bps

s

FORWARD RATE AGREEMENT3x6 6x9 9x12 3M

interbank

Czech Rep <PRI 2.11 1.96 1.80 2.15

BOR=>

Hungary <BUB 0.30 0.35 0.37 0.26

OR=>

Poland <WIB 1.73 1.72 1.70 1.72

OR=> Note: FRA are for ask prices quotes

************************************************************** For related news and prices, click on the codes in brackets:

All emerging market news EMRG CEEU CEE/

Spot FX rates

Eastern Europe spot FX Middle East spot FX

Asia spot FX Latin America spot FX

Other news and reports

World central bank news CEN Economic Data Guide

Official rates Emerging Diary

Top events Diaries Diaries Index

(Reporting by Robert Muller; Editing by Catherine Evans)