CZECHIA: Economic Sentiment Edges Higher
Feb-21 08:20
- President Petr Pavel said that boosting army capacity should be achieved through voluntary models rather than universal conscription, while Prime Minister Petr Fiala expressed similar sentiment and placed emphasis on the modernisation of professional military forces. In the wake of Russia's full-scale invasion of Ukraine, the Czech army aims to expand its manpower by at least 30,000 professional soldiers and 10,000 reservists by 2030.
- The CNB expects inflation to stay in the upper half of the tolerance band this year and move closer to the +2% Y/Y target by 2026, according to the slides from a presentation by the Bank Board's Jan Prochazka. He addded that the flash estimate of January inflation at +2.8% represents a mild pro-inflationary risk. The official pointed to structural changes in demand amid a shift from goods to services and from quantity to quality.
- Czechia's overall economic sentiment improved to 97.8 from 97.4, beating the consensus forecast of 97.5. Business confidence edged higher to 98.0 even as consumer confidence inched lower to 96.6.
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EQUITIES: Estoxx Late large Block last night
Jan-22 08:14
Late large trade:
- SX5E (18/12/26) 6000c, traded for 123.20 in 30k.
EGB SYNDICATION: Finland 20-year RFGB: Books open
Jan-22 08:14
- Guidance: MS+77bp area
- Size: E3bln (WNG)
- Maturity: 15 April 2045
- Settlement: 29 January 2025 (T+5)
- Coupon: Short first
- ISIN: FI4000586284
- Timing: Books open, today's business
From market source
EGB OPTIONS: Bund Call Condor
Jan-22 08:04
RXH5 133.00/134.00/134.50/135.00c condor, bought for 18 in 1k.
