Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Budapest Stock Exchange  >  Budapesti Ingatlan Hasznosítási és Fejlesztési Nyrt.    BIF   HU0000167986

BUDAPESTI INGATLAN HASZNOSÍTÁSI ÉS FEJLESZTÉSI NYRT.

(BIF)
  Report
SummaryChartsNewsCompanyFinancials 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Currencies at 7-mth highs on upbeat China data; lira near record lows

share with twitter share with LinkedIn share with facebook
09/15/2020 | 05:37am EDT

* EM FX index at seven-month highs, stocks extend gains

* China's August industrial output, retail sales surge

* Yuan at 16-month high

* Turkish lira flat vs dollar; Ankara sees no EU sanctions

* Polish cenbank policy decision awaited

Sept 15 (Reuters) - Emerging market currencies reached seven-month highs on Tuesday as upbeat economic data from China pushed the yuan to a 16-month peak, while Turkey's lira remained near record lows amid tensions in the eastern Mediterranean.

Keeping hopes for a steady economic recovery alive, China's industrial output accelerated the most in eight months in August, while retail sales grew for the first time this year.

A dip in the U.S. dollar ahead of the Federal Reserve's policy announcement on Wednesday also boosted emerging market currencies, pushing MSCI's index of developing world currencies 0.3% higher. Its stocks counterpart rose half a percent, extending gains to a third straight session.

The yuan firmed 0.4%, taking gains this year to around 2.6%. But analysts warned against being over optimistic as trade tensions remain an issue between China and the United States.

"Tremendous uncertainties are ahead, which seems however unable to rattle the market for the time being. The market is split for now on whether the yuan could reverse the depreciation trend that is in place since 2015," said Hao Zhou, an FX analyst at Commerzbank.

Turkey's lira touched new lows against a stronger euro , while against the dollar it was about 0.4% away from record lows. Moody's downgrade of Turkey's credit rating had weighed on the currency on Monday.

Tensions with Greece over energy resources in the Mediterranean have also pressured the currency, which is down about 20% so far this year.

Ankara does not expect to face European Union sanctions over the dispute, Foreign Minister Mevlut Cavusoglu said on Monday, a day after a Turkish survey ship pulled out of contested waters.

The South African rand firmed 0.3% with all eyes on the central bank's decision on Thursday, while Russia's rouble made muted gains as oil prices fell.

The Polish zloty was flat against a stronger euro ahead of a central bank meeting later in the day. Commerzbank's Tatha Ghose expects no change in monetary policy.

"Had manufacturing growth kept collapsing in latest readings, and had inflation dropped towards deflation, the central bank might have looked for monetary easing via additional quantitative easing programmes," he said.

"But, this is not the situation."

In Budapest, stocks slid 1% in what could be their biggest drop in two weeks after data showed Hungary's construction sector output plunged by an annual 21% in July, posting its biggest fall in four years.

Real estate company Budapesti Ingatlan Hasznositasi es Fejlesztesi Nyrt was the biggest decliner, down 4.2%.

For GRAPHIC on emerging market FX performance 2020, see http://tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance 2020, see https://tmsnrt.rs/2OusNdX

For TOP NEWS across emerging markets

For CENTRAL EUROPE market report, see

For TURKISH market report, see

For RUSSIAN market report, see (Reporting by Susan Mathew in Bengaluru. Editing by Jane Merriman)


Stocks mentioned in the article
ChangeLast1st jan.
BUDAPESTI INGATLAN HASZNOSÍTÁSI ÉS FEJLESZTÉSI NYRT. -0.83% 238 End-of-day quote.-22.48%
COMMERZBANK AG 0.02% 4.024 Delayed Quote.-27.13%
LONDON BRENT OIL -0.42% 37.56 Delayed Quote.-38.33%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.19% 6.6917 Delayed Quote.-3.67%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) -0.33% 6.6919 Delayed Quote.-3.34%
US DOLLAR / TURKISH LIRA (USD/TRY) 0.86% 8.36455 Delayed Quote.39.49%
WTI -2.57% 35.32 Delayed Quote.-36.69%
share with twitter share with LinkedIn share with facebook
All news about BUDAPESTI INGATLAN HASZNOSÍTÁSI ÉS FEJLESZTÉSI NYRT.
09/15BUDAPESTI INGATLAN HASZNOSÍTÁSI ES F : Extraordinary announcement of the repayme..
PU
09/15Currencies at 7-mth highs on upbeat China data; lira near record lows
RE
09/01BUDAPESTI INGATLAN HASZNOSÍTÁSI ES F : 2020 Half-Year Report
PU
08/10BUDAPESTI INGATLAN HASZNOSÍTÁSI ES F : Extraordinary announcement of the signatu..
PU
2019BUDAPESTI INGATLAN : Extraordinary announcement in connection with the civil pro..
PU
2019BUDAPESTI INGATLAN : Extraordinary announcement (in connection with the announce..
PU
More news
Financials
Sales 2018 3 872 M 12,3 M 12,3 M
Net income 2018 8 281 M 26,4 M 26,4 M
Net Debt 2018 72,3 M 0,23 M 0,23 M
P/E ratio 2018 5,69x
Yield 2018 4,67%
Capitalization 59 901 M 190 M 191 M
EV / Sales 2017 12,6x
EV / Sales 2018 13,4x
Nbr of Employees -
Free-Float 23,3%
Chart BUDAPESTI INGATLAN HASZNOSÍTÁSI ÉS FEJLESZTÉSI NYRT.
Duration : Period :
Budapesti Ingatlan Hasznosítási és Fejlesztési Nyrt. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers
NameTitle
Kristóf Berecz Vice Chairman & Chief Executive Officer
Anna Ungár Chairman
Katalin Fábián Head-Operations
Róbert Hrabovszki Chief Financial Officer & Deputy CEO
Frigyes Hárshegyi Director