USA-China Tensions Transform Global Market

After the U.S. elections, relations between the...

Tag: Michael / Ström Brokerage House

Eurozone Manufacturing PMI for May Rises to 47.4, Indicating Signs of Recovery

The Manufacturing PMI for the eurozone in May was 47.4, compared to 45.7 points the previous month. The reading was better than the forecast...

Strong Wage Growth Continues to Drive Economic Growth in Poland

The average wage in the enterprise sector in April 2024 increased by 11.3% year-on-year. This reading was lower than the forecasts (12.1%) and lower...

Private Consumption Could Be the Main Driver of Poland’s Economic Growth This Year

The April core inflation reading was 4.1% year-on-year. Excluding energy and food, prices increased by 0.7% month-on-month. The year-on-year core inflation rate has been...

NBP Holds Rates Steady at 5.75%, Further Cuts in 2024 Unlikely

The NBP's reference rate remained unchanged at 5.75%. This decision aligns with market consensus, and it was generally not expected to differ. The arguments...

April CPI Inflation in Poland at 2.4% Year-on-Year, Aligns with Market Expectations

The CPI inflation rate in April was 2.4% year-on-year. This reading is in line with market consensus. At the same time, inflation began to...

Eurozone Manufacturing Slips Further, Services Shine: Split Economy Raises Questions for ECB

The April PMI for the manufacturing sector in the eurozone was 45.6, down from 46.1 the previous month. The reading was worse than forecasts,...

Record-High Salaries in Poland

The average salary in the enterprise sector in March 2024 increased by 12% year-on-year. The rise in average salaries was significantly influenced by an...

Fed Holds Steady, Cuts Expected Later This Year

As expected, the federal funds rate remained unchanged. This month, we were introduced to a new "dot plot". The projection suggests that rates will...

Inflation in the USA is not slowing down

The CPI inflation in the USA was 3.2% y/y in February. The indicator has been in the range of 3.0-3.7% since June. The market...

ECB Holds Steady on Rates

The European Central Bank (EBC) has left interest rates at their current level. The EBC has maintained these high rates for several months now....

Inflation in the Eurozone falls, but it is still above the ECB target

CPI inflation in the Eurozone in February was 2.6% year on year (y/y) compared to 2.8% the previous month. The reading was slightly higher...

Decline in Producer Inflation in Germany and Poland

Producer price inflation (PPI) in Germany turned out to be much larger than the market expected. Producers' prices fell by 1.20 percent m/m (forecast...

Corporate Bond Funds Remain Strong in 2024

December was the second-strongest month in terms of net inflows from investors into corporate bond funds in 2023, reaching 376 million PLN. The only...

Interest rates in Poland remain unchanged

The Monetary Policy Council (RPP) has decided to keep the interest rates of the National Bank of Poland (NBP) at the same level. Such...
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