CEE MARKETS-Stocks gain in post-Fed optimism, Czech T-bill auction eyed
Central European stock markets
jumped on Thursday after the Federal Reserve forecast that it
would hold rates through 2020, which pushed money into equities
and weakened the dollar.
The Fed announcement late on Wednesday, which followed its
decision to leave rates unchanged, sent the dollar to its
weakest since early August.
Stocks in the eastern corner of the European Union gained,
led by a 1.5% jump in Warsaw, while Prague’s blue-c
jumped on Thursday after the Federal Reserve forecast that it
would hold rates through 2020, which pushed money into equities
and weakened the dollar.
The Fed announcement late on Wednesday, which followed its
decision to leave rates unchanged, sent the dollar to its
weakest since early August.
Stocks in the eastern corner of the European Union gained,
led by a 1.5% jump in Warsaw, while Prague’s blue-c
Posted by Reuters