Report
Alessio Chiesa ...
  • Raffaella Tenconi

EME Macro/Strategy: macro all-in-one (18-24 August)

Last week, the EU and US formalised their trade agreement, capping the tariffs at a maximum of 15% on a broad range of exports and providing tariff exemptions for selected strategic products. The early August business surveys indicate a stabilisation in economic activity over the summer, but consumer sentiment remains subdued, which may weigh on consumption as we head into the autumn. In Poland, the government announced a front-loaded rise in the corporate income tax for the banks, starting from next year. In the Czech Republic, the producer prices for July continue to point towards upward pressures on food prices. Lastly, in Greece, the current account deficit widened, on the back of a worsening trade deficit.
Provider
Wood and Company
Wood and Company

WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.

A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.

Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.

We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.

Analysts
Alessio Chiesa

Raffaella Tenconi

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