EME Macro/Strategy: macro all-in-one (22-28 April)
Last week, the global markets continued to price out rate cuts by the Fed this year, and the perceived risk of a potential rate hike eventually was accentuated by the weak GDP print, coupled with higher-than-expected inflation. In Central Europe, the Hungarian Central Bank cut the policy rate by 50bps, as expected, but the political landscape worsened further, which means a continuing trend of rising credit risk, going forward. In Poland, the retail sales for March were buoyant, but pricing power, outside of energy and food, is very weak. This could mean a lower impact from the regulated price adjustments coming soon, which could, in turn, soften the stance of the MPC.
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.
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