Czech housing: The ΔSOB Housing Index shows apartment prices rose 14.5% yearβonβyear in Q3, while family houses climbed 9.2%. The Czech property market recorded new highs in the period. #realestate #CzechRepublic #FiatNews
Micron beat estimates for fiscal Q1 2026 and issued a revenue outlook above Wall Street expectations. DRAM prices are rising and demand for highβbandwidth memory used in AI is so strong Micron reports being sold out through 2026; shares jumped about 8% after the close. #MU #Micron #FiatNews
Czech steel under strain: Petr PopelΓ‘Ε, chairman of Moravia Steel, warned the industry faces the toughest pressure in a decadeβextreme energy costs, falling German demand and uncertain EU decarbonisation rules. He said without systemic support the sector risks existential damage. #steel #FiatNews
Investment outlook 2026: Analysts see a generally supportive macro backdrop but heightened risks. The dollar may continue to retreat and gold still makes sense as a diversifier. Markets remain driven by AI enthusiasm, though investors are starting to ask where the AI cycle peaks. #USD #gold #AI #FiatNews
Prague bourse softened after Wednesdayβs record: PX fell 0.38% to 2,630.76. KomerΔnΓ banka shares declined 0.78% to CZK 1,150 and were among the most heavily traded names; insurance group VIG plunged 3.45% to CZK 1,566. More than half of main listings advanced despite the index drop. #PX #FiatNews
The Czech National Bank left its policy rate unchanged at 3.5%. Governor AleΕ‘ Michl said upside and downside inflation risks are balanced and the board keeps all options open; the decision matched market expectations. The koruna moved to EUR 24.38 (firmer) and USD 20.79 (weaker). #CNB #CZK #FiatNews
US markets rallied after softer inflation and corporate results. November CPI YoY slowed to 2.7% (vs. 3.1 expected); core CPI was 2.6%, also below forecasts. Data lifted expectations for Fed rate cuts in 2026 and helped lift the Nasdaq by roughly 2%; Micronβs strong report added to the upswing. #CPI #NASDAQ #Fed #FiatNews
European stocks rose as investors digested central bank decisions: Stoxx 600 added about 1%. The ECB held rates at 2%, while Riksbank and Norges Bank also stayed on hold. Norges Bank signalled the next cut might not come until summer 2026 despite expecting gradual easing next year. #ECB #Stoxx600 #FiatNews
18 December 2025 β Market logic for buybacks and IPOs under scrutiny amid high valuations.
At a time of exceptionally high market valuations, the textbook expectation is that listed companies would reduce share buybacks and instead pursue new share issuances. The argument is straightforward: when prices are elevated, companies are less likely to repurchase their own stock and there should be stronger activity in primary offerings β more listings and capital raised by newly public firms.
This observation frames how investors and issuers might think about capital allocation and supply of listed equity in the current environment. The note highlights the contrast between buybacks and IPOs as alternative uses of corporate financing when valuations are elevated. #buybacks #IPO #markets #valuation #FiatNews
The Czech National Bank left interest rates unchanged on December 18, 2025, but signalled a noticeably less hawkish tone, surprising market participants, CSOB chief economist Jan BureΕ‘ commented. The decision to hold policy rates matched market expectations, yet the accompanying rhetoric was markedly milder.
BureΕ‘ noted that while the policy rate level was unchanged, the central bankβs communication reduced the emphasis on further tightening, a shift that caught markets off guard. No specific rate figures were provided in the comment.
The move leaves current policy settings intact while attention turns to how the softer language will affect market expectations and future monetary policy signals from the CNB. #CNB #CzechRepublic #rates #FiatNews
