By Veronika Gulyas and Leos Rousek
TODAY'S CALENDAR
Local/GMT
0900/0800 Hungary November CPI
1130/1030 Hungary government
bond auction
all/day Meeting of CEE
presidents in Prague
Central European presidents will meet in Prague on Thursday,
while in Hungary inflation data and a debt auction are
scheduled.
Leaders from the Czech Republic, Poland, Slovakia, Hungary,
Slovenia and Austria will gather in Prague to discuss transport
infrastructure projects in the region. Talks are likely to focus on
upgrading rail links across the six countries, including prospects
for high-speed train corridors.
Analysts expect Hungarian consumer prices to have fallen in
November by 0.2% on monthly basis and 0.5% in annual terms, driven
by the government's cuts to household utility prices. This follows
monthly and annual declines of 0.3% and 0.4%, respectively, in the
previous month.
Even though the fall in prices is largely concentrated in the
regulated energy sector, the headline CPI figure may still fuel
expectations for possible interest rate cuts by the Hungarian
central bank. The bank's medium-term inflation target is 3% and its
headline interest rate is currently at 2.1%.
Also in Hungary the country's debt management agency, AKK, will
offer up to 52 billion forints ($207.8 million) in four-, six- and
14-year sovereign bonds at its latest auction.
FOREX
EUR/CZK
0450 GMT 27.585-653
Previous 27.592-660
%Chg -0.03
EUR/HUF
0450 GMT 306.73-7.31
Previous 306.88-7.46
%Chg -0.05
EUR/PLN
0450 GMT 4.1757-73
Previous 4.1764-80
%Chg -0.02
FIXED INCOME
Hungary
Wed Tue
3 yrs 2.62% 2.61%
5 yrs 3.10% 3.05%
10yrs 3.55% 3.52%
Poland
Wed Tue
3 yrs 1.83% 1.87%
5 yrs 2.12% 2.19%
10yrs 2.57% 2.57%
Czech Republic
Wed Tue
3 yrs 0.11% 0.11%
5 yrs 0.11% 0.11%
10yrs 0.67% 0.66%
STOCKS
WIG 20
2,371.43 -26.60 -1.11%
BUX
17,621.96 +16.68 +0.09%
PX
994.75 +2.54 +0.26%
OTHER NEWS
UKRAINE: Australia offered to send urgently needed energy
supplies to Ukraine to help outflank Russian curbs on coal
shipments to its smaller neighbor that have contributed to
blackouts across the country.
UKRAINE: U.S. lawmakers are heading toward authorizing new aid
for Ukraine that could unlock at least $1 billion in new financing
for the country as its economic turmoil deepens from its standoff
with Russia.
Write to Leos Rousek at leos.rousek@wsj.com