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Raiffeisen Capital Management : The political situation in Romania could be tensioned over the next months as well

'The political situation in Romania could be tensioned over the next months; the austerity measures determine more and more protests with the population. Globally, the announcement for the ' quantitative relaxation' offered by the Federal Reserve of the US stimulated the risky assets' a research report of Raiffeisen Capital Management said.

At the same time, the document shows the American dollar got another bigger pressure – a clear reflection of the fact that the measures we can expect on the part of the Central American bank are the equal of the weakening of the American currency. At the end of october, the Romanian government got over a new censure motion on the part of the opposition. The political situation is possible to stay tensioned over the next months as well; the austerity measures determine more and more protests among the population. In October, the Eurobond yield recorded an important kick-back. On a long term, present levels continue to be attractive.

Central and Eastern Europe economies continue to present signs of bouncing back

The economies in Central and Eastern Europe continue to present signs of coming back it is especially the case of Poland and the Czech Republic. The situation is also positive in the case of Turkey. The efforts with a view to budgetary consolidation will be felt significantly in the years to come at the level of economic growth in the EU. Thus, the domestic demand will play an important role in sustainable rebouncing in Central and Eastern Europe. In October, the bonds markets in Central and Eastern Europe recorded a new positive evolution even if towards the end of the month a part of the yield was lost. They benefitted from the economic data from Germany, as well as from the policy of monetary relaxation in the US. The currencies went up at the beginning of the month, losing in the second part of the month due to the increase of aversion to risk. By monthly comparing the Eurobond yield they dropped significantly.

Sursa: http://www.actmedia.eu

Tags: central months tensioned situation political

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