Stress resistant stock markets
After the 13 November terror attack in Paris many analysts say stock markets may fall sharply should the attacks continue. Due to the constant threat people might stay at home and consumption habits can change. Luckily, stock markets are rather stress resistant and the success story that started in October continued, for instance the DAX index went above the 11,000-point threshold, improving by more than 15 percent from the September level. In their latest report the experts of Goldman Sachs predict that in a 12-month period the euro will drop to 0.95 – this means that in comparison with the current exchange rate there may still be an 11-percent decrease. In November Fitch Ratings decided to leave Hungary in the ‘BB+’ category. Despite several attempts the forint was unable to break the 310 barrier against the euro. The end of the year is approaching and there is a positive atmosphere in the financial markets, which is likely to result in continued positive trends. The forint has the chance to strengthen a little – only more terror attacks might jeopardise this good situation…
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