CEE MARKETS-FX rise on further talks between Ukraine and Russia, shares mixed

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PRAGUE, March 14 (Reuters)Central European currencies rose on Monday on hopes that additional talks due between Kyiv and Moscow may ease the state of affairs in Ukraine, whereas shares have been blended.

Ukrainian and Russian negotiators have been set to speak once more after either side cited progress, despite the fact that Russia attacked a base close to the Polish border and preventing raged elsewhere.

Central Europe has been hit laborious by a world flight to safer

property following Russia’s invasion of Ukraine on Feb. 24, which

prompted a raft of harsh Western sanctions towards Moscow.

The Czech crown EURCZK= was 1% firmer at 24.900 per euro as of 0909 GMT, buying and selling under 25.00 for the primary time since Feb. 28. The Polish zloty EURPLN= rose by 0.9% to 4.75 per euro.

“There’s a little reduction from information on the (Ukraine-Russia) talks, we have seen it final week too, that at any time when such information got here, the market strengthened,” mentioned a overseas alternate vendor in Prague.

Markets in Hungary have been closed as a result of a nationwide vacation.

Prague inventory alternate’s essential index PX .PX rose by 0.8%, however the Warsaw bourse .WIG20 was down by 1.8%, as shares gave the impression to be present process a correction after Friday’s rise.

“Friday’s session was outstandingly good. Immediately we’re taking a look at a normalisation, a slight calming down and route looking for,” mentioned Sobieslaw Kozlowski, director of funding advisory division at Noble Securities.

“Maybe the zloty’s efficiency versus the greenback or that of sovereign bonds, that are underperforming versus the benchmarks, will convey buyers nearer to deciding on the route,” he mentioned.

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CEE MARKETS

SNAPSHOT

AT 1009 CET

CURRENCIES

Newest

Earlier

Every day

Change

bid

shut

change

in 2022

EURCZK=

Czech crown

EURCZK=

24.9000

25.1500

+1.00%

-0.11%

EURHUF=

Hungary forint

EURHUF=

376.8500

380.9000

+1.07%

-1.98%

EURPLN=

Polish zloty

EURPLN=

4.7500

4.7922

+0.89%

-3.35%

EURRON=

Romanian leu

EURRON=

4.9489

4.9480

-0.02%

-0.01%

EURHRK=

Croatian kuna

EURHRK=

7.5750

7.5705

-0.06%

-0.76%

EURRSD=

Serbian dinar

EURRSD=

117.6100

117.6700

+0.05%

-0.03%

Notice: every day change

calculated from

1800 CET

Newest

Earlier

Every day

Change

shut

change

in 2022

.PX

Prague

.PX

1313.02

1302.6300

+0.80%

.BUX

Budapest

.BUX

42905.55

42905.55

+0.00%

-15.41%

.WIG20

Warsaw

.WIG20

1997.81

2033.49

-1.75%

-11.87%

.BETI

Bucharest

.BETI

12368.80

12075.13

+2.43%

-5.30%

.SBITOP

Ljubljana

.SBITOP

1091.73

1088.24

+0.32%

-13.04%

.CRBEX

Zagreb

.CRBEX

1991.26

1975.12

+0.82%

-4.24%

.BELEX15

Belgrade

.BELEX15

830.66

831.32

-0.08%

+1.20%

.SOFIX

Sofia

.SOFIX

581.77

579.31

+0.42%

-8.48%

Yield

Yield

Unfold

Every day

(bid)

change

vs Bund

change in

Czech Republic

unfold

CZ2YT=RR

2-year

CZ2YT=RR

4.8240

0.0210

+516bps

-4bps

CZ5YT=RR

5-year

CZ5YT=RR

4.1060

0.0610

+404bps

+0bps

CZ10YT=RR

10-year

CZ10YT=RR

3.6650

-0.0020

+334bps

-6bps

Poland

PL2YT=RR

2-year

PL2YT=RR

5.3690

-0.0150

+571bps

-8bps

PL5YT=RR

5-year

PL5YT=RR

5.4240

0.0620

+536bps

+0bps

PL10YT=RR

10-year

PL10YT=RR

5.0570

0.0800

+473bps

+3bps

FORWARD

3×6

6×9

9×12

3M interbank

Czech Rep

CZKFRAPRIBOR=

4.96

4.96

4.72

4.83

Hungary

HUFFRABUBOR=

7.89

7.83

7.68

6.20

Poland

PLNFRAWIBOR=

5.89

6.00

6.00

4.22

Notice: FRA quotes

are for ask costs

**************************************************************

((For associated information and costs, click on on the codes in brackets:

All rising market information EMRGCEEUCEE/

Spot FX charges

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Jap Europe spot FX EEFX= Center East spot FX MEFX=

Asia spot FX ASIAFX= Latin America spot FX LATAMFX=

Different information and experiences

World central financial institution information CEN Financial Knowledge Information ECONGUIDE

Official charges GLOBAL/INT Rising Diary EMRG/DIARY

High occasions M/DIARY Diaries DIARY Diaries Index IND/DIARY))(c) Copyright Thomson Reuters 2022. Click on For Restrictions – https://company.reuters.com/en/copyright.html

(Reporting by Robert Muller in Prague and Karol Badohal in Warsaw; Modifying by Emelia Sithole-Matarise)

((robert.muller@thomsonreuters.com; +420 234 721 615; Reuters Messaging: robert.muller.thomsonreuters.com@reuters.internet))

The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.

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