Hungarian central bank cut policy rate by 100 basis points so that key interest rate is at 9.0% In Croatia, 4Q23 GDP accelerated to 4.3% y/y, marking the strongest growth rate during 2023, and wrapping FY23 performance at 2.8%.
European stocks had a quiet start on Friday, after the tremendous rally for risk assets on Thursday that pushed the S&P 500, and the Nasdaq to all time highs.
Next week's calendar looks light in the US, with much of the data unlikely to have a significant impact, the highlights being existing home sales and the leading index.
The selloff in US sovereign bonds reversed yesterday after a solid demand for the US 3-year bond auction counterweighed a bulk of hawkish comments from Federal Reserve (Fed) members.