We are already in the reporting season, and 75% of companies are over-reacting to analysts’ expectations for their revenue levels.
It is noted that the new interest rates are beginning to reflect the product strategies of US banks, which have begun to rely more on revenue from asset management departments than from bond trading.
In Europe last week, the event was the ECB meeting at which it did not change its interest rate policy. Mario Draghi obviously has a communication problem in his latest public appearances. Once again, it has been stressed that low interest rates and reverse buybacks will continue until the economy demonstrates health and inflation enters the expected mermaid. The market has once again considered that it is almost tomorrow that it will stop buying back and turn its movement down and the euro has risen as a result of expected higher interest rates by the ECB. Apparently, investors and SuperMario are of a different opinion.
At the National Assembly in Bulgaria passed the second reading LPPCC, whose changes we hope will have a beneficial effect on BSE. Autumn begins trading with the S.E.C. on our own capital market.
