Peter Laca
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Articles by Peter Laca
Investors Give Initial Nod to Serbia’s Untested Vote Winners
Photographer: Oliver Bunic/Bloomberg (Bloomberg) -- Fixed-income investors are giving the benefit of the doubt to an opaque protest force which won power in Serbia on a pledge to root out corruption and strengthen democratic standards.
Czech Policymaker Sees Tough Rate Hike Call on Energy Risks
Photographer: Milan Jaros/Bloomberg (Bloomberg) -- Czech policymakers face a tough decision on whether to raise interest rates next month, weighing a response to global pressures without adding fuel to a robust jump in market borrowing costs,...
Czech Policymaker Sees Tough Rate Hike Call as Energy Risks Grow
3 hours ago Should you ditch the 60/40? For optimal returns over the next 10-15 years, the answer might be yes, according to JPMorgan Asset Management. In its "2027 Long-Term Capital Market Assumptions" report published this week, the firm offered another portfolio structure to consider in place of the classic …
Mercados emergentes recuperan terreno tras cuatro jornadas de pérdidas por dudas sobre inversión en IA
Bloomberg — Las acciones de los mercados emergentes subieron a medida que los inversores volvieron a apostar por las acciones tecnológicas de Corea del Sur, mientras que la disminución de las expectativas sobre una inminente alza de tasas de interés en Estados Unidos contribuyó a impulsar las monedas de los países en desarrollo.
EM Stocks, FX Gain on Bets Fed Will Hold Rates This Month
Bloomberg (Bloomberg) -- Gauges of emerging-market currencies and stocks gained on Friday as the greenback extended losses and a selloff in shares related to artificial intelligence abated in Asia.
AI Selloff Drags Emerging Stocks Down, Weighs on Currency Gauge
(Bloomberg) -- The deepening selloff in shares linked to artificial intelligence dragged emerging-market equities down for their worst day since July. • Epic Games Delays Disney Project, Asks Developers to Use More AI • Apple Unveils $299 HomeView Hub as Part of New Smart Home Push MSCI's benchmark for developing-nations stocks fell 2.2% on Tuesday, weighed down by Asia, which makes up the bulk of the gauge.
AI Selloff Drags Emerging Stocks Down, Weighs on Currency Gauge
(Bloomberg) -- The deepening selloff in shares linked to artificial intelligence dragged emerging-market equities down for their worst day since July. Most Read from Bloomberg MSCI's benchmark for developing-nations stocks fell 2.2% on Tuesday, weighed down by Asia, which makes up the bulk of the gauge. South Korea's Kospi Index posted its longest losing streak in 21 months, with chipmaker SK Hynix Inc. leading losses. Samsung Electronics Co. also fell.
AI Selloff Drags Emerging Stocks Down, Weighs on Currency Gauge
(Bloomberg) -- The deepening selloff in shares linked to artificial intelligence dragged emerging-market equities down for their worst day since July.
Czech Core Inflation Quickens as Central Bank Mulls Another Hike
Bloomberg (Bloomberg) -- Czech core inflation accelerated more than the central bank expected in September as policymakers are set to debate whether to raise interest rates for a second time this year.
AI Selloff Drags Emerging Stocks Down, Weighs on Currency Gauge
Photographer: Philip Fong/AFP/Getty Images (Bloomberg) -- The deepening selloff in shares linked to artificial intelligence dragged emerging-market equities down for their worst day since July.
Czech Inflation Breaches Target in Boost to Rate Hike Odds
Czech Statistics Office, Czech National Bank (Bloomberg) -- Czech inflation accelerated more than expected last month, bolstering arguments for the central bank to tighten monetary policy further.
Romanian Assets Rally After Dodging Rating Downgrade to Junk
Photographer: Andrei Pungovschi/Bloomberg (Bloomberg) -- Romania’s bonds and stocks rallied after S&P Global Ratings maintained an investment-grade credit score for the sovereign, providing a relief to the country struggling to overcome a...
Tschechien weicht vom traditionellen Sparkurs ab: Babiš startet Ausgabenoffensive
(Bloomberg) -- Ausgerechnet in einer Phase stark steigender Kreditkosten startet Tschechien eine beispiellose Ausgabenoffensive. Mit mehr Staatsverschuldung will Ministerpräsident Andrej Babiš zusätzliche Ausgaben für Autobahnen, Atomreaktoren, Verteidigung und das Gesundheitswesen finanzieren sowie Renten und Gehälter im öffentlichen Dienst erhöhen.
Billionaire Leader Brings Debt-Driven Spending to Frugal Czechs
Housing 7 hours ago Zillow reports surprising housing market shift TheStreet - Laura Grace Tarpley • 7h The real estate technology company has spotted a rare trend for homebuyers.
Long Afraid of Debt, the Czechs Are Now Ready to Binge on It
Bloomberg (Bloomberg) -- The Czech Republic, one of the last major holdouts of the era of spiraling government debt, is embarking on an unprecedented spending spree just as the costs of borrowing surge.
Czechs Hold Rates With Markets Looking for More Hikes to Come
World News 8 hours ago Carney embraces EU associate membership proposal as Trump pushes Canada closer to Europe Associated Press - By ROB GILLIES • 8h STRASBOURG, France (AP) — Canadian Prime Minister Mark Carney on Thursday embraced the prospect of his country becoming the European Union’s first associate member, saying closer ties with the continent would ensure no country could control Canada’s markets or undermine its sovereignty.
Czechs Keep Door Open for Rate Hike as Inflation Risks Persist
Photographer: Jason Alden/Bloomberg (Bloomberg) -- Czech policymakers may deliver a second interest rate increase this year to tame persistent domestic price risks should inflationary pressure grow, according to the central bank’s governor.
Czechs Set to Hold Rates as Energy Risks Boost Tightening Bets
Czech Statistics Office, Czech National Bank (Bloomberg) -- Czech policymakers are poised to hold interest rates for a second meeting, even as concerns over surging oil prices and a widening budget deficit fuel bets on more tightening to come.
Investors Look Past Romania Risk to Pocket Junk-Like Yields
Bloomberg (Bloomberg) -- Traders are treating Romanian bonds as the European Union’s only junk-rated sovereign debt, with the country’s high yields luring investors despite a protracted political crisis in Bucharest.
Emerging Markets Can Weather Fed Risk After Oil Jump and War
Photographer: Dwayne Senior/Bloomberg (Bloomberg) -- Emerging markets have defied war, $100 oil and rising Treasury yields this year. And despite worries of a US interest-rate hike, investors see reasons for this year’s rally to keep going.
Czech Inflation Quickens Toward Target as More Price Risks Loom
Finance 1 hour ago World’s Biggest Money Managers Are Rebuilding Gold Positions Bloomberg - By Yihui Xie, Yvonne Yue Li, and Jack Ryan • 1h Some of the world’s biggest money managers have rebuilt their gold holdings after prices dropped, betting that long-term drivers of the precious … World News 18 hours ago The bond market is crashing Trump’s midterm campaign Fortune - Eva Roytburg • 18h Abdul El-Sayed, an epidemiologist-turned-politician, has no particular background in the Treasury markets.
Czech Inflation Quickens Toward Target as More Price Risks Loom
Photographer: Andrey Rudakov/Bloomberg (Bloomberg) -- Czech inflation accelerated closer toward the central bank’s target as policymakers weigh persistent price pressures and the need for more monetary tightening.
Czechs Plan Second-Highest Budget Gap Ever to Boost Investment
Photographer: Milan Jaros/Bloomberg (Bloomberg) -- The Czech Republic plans its second-largest budget deficit on record next year as the government seeks to ramp up state investments.
Czechs Plan Second-Highest Budget Gap Ever to Boost Investment
2 hours ago The country’s “stability” hides a host of problems. Compared with Donald Trump’s chaotic, divided, and violent America, China is a bastion of steady progress and serene order. This, at least, is the story that Beijing’s propagandists have been eager to spread. The Global Times, a Communist Party–run …
Romania’s Rating Downgrade Risks Grow After Wage Law Failure
Bloomberg (Bloomberg) -- Romania’s failure to pass a key reform measure is complicating prospects of further fiscal improvement and increases risks of the country losing its investment credit rating.
Czechs Ease Budget Restraint to Boost Debt-Funded Investment
Bloomberg (Bloomberg) -- The Czech Republic loosened its strict fiscal rules, a move that will allow the country’s billionaire premier to fulfill election promises to ramp up investment financed by more debt.
Czechs Ease Budget Restraint to Boost Debt-Funded Investment
Business 1 hour ago Ranked: The Largest Foreign Holders of U.S. Debt Visual Capitalist - Gabriel Cohen, Amy Kuo • 1h Ranked: Which Countries Hold the Most U.S. Debt?
Czechs Ease Budget Rules for Debt-Funded Record Investment Plans
Bill Cassidy 1 hour ago How to avoid a Social Security cut? Lawmakers are floating ideas for what to do Associated Press - By KEVIN FREKING • 1h WASHINGTON (AP) — With the few months they have left as senators, Democrat Dick Durbin and Republican Bill Cassidy have embarked on a mission to save tens of millions of Social Security beneficiaries from a projected 22% cut in their benefits, starting in just six years.
Prudent Czechs to Loosen Fiscal Rules for Debt-Financed Investment Push
Bloomberg (Bloomberg) -- The Czech Republic is preparing to loosen its budget rules to boost spending, a move that critics say risks endangering the long-term stability of state finances in one of Europe’s most fiscally conservative states.
Prudent Czechs to Loosen Fiscal Rules for Debt-Financed Investment Push
8 hours ago From Banff's hot springs discovered by railway workers in 1883 to Waterton's prairie-to-alpine shift, the best national parks in Canada From Banff's hot springs discovered by railway workers in 1883 to Waterton's prairie-to-alpine shift, the best national parks in Canada
EM Currencies Mixed as Treasury Buyback Lift Proves Short-Lived
(Bloomberg) -- Emerging-market currencies were mixed on Thursday as the US Treasury’s announcement of increased bond buybacks was seen by many as a “temporary” measure, allowing the dollar to rebound.
EM Rally Stalls Amid Surge in Treasury Yields, Mideast Tensions
(Bloomberg) -- The recent rally in emerging-market assets stalled on Tuesday as a surge in long-term US Treasury yields and renewed tensions in the Middle East drained demand for risk, snapping a four-day winning streak in stocks and pushing...
Monedas emergentes se fortalecen por la debilidad del dólar y mayor apetito por el riesgo
Bloomberg — Un índice que sigue la evolución de las monedas de los países en desarrollo subió el lunes, ya que la disminución de las expectativas sobre una subida de las tasas de interés por parte de la Reserva Federal el próximo mes debilitó al dólar y respaldó el apetito por el riesgo. El índice de divisas de mercados emergentes de MSCI subió un 0,2%, con el ringgit malasio y el dólar taiwanés a la cabeza de las ganancias.
EM Currencies Rise on Softer Dollar and Stronger Risk Appetite Original
Bloomberg (Bloomberg) -- An index tracking developing-world currencies gained Monday as fading bets on a Federal Reserve interest-rate hike next month undercut the dollar and supported risk appetite.
Czech billionaires play outsized role in European M&A market
When Czech billionaire Michal Strnad bought a stake in Italian tyre giant Pirelli & C SpA last week, the transaction was heralded as a key moment for the company. It also cemented his home country’s position as Eastern Europe’s leader in foreign investment.
Czech Billionaires Play Outsized Role in European M&A Market
Bloomberg (Bloomberg) -- When Czech billionaire Michal Strnad bought a stake in Italian tire giant Pirelli & C. SpA last week, the transaction was heralded as a key moment for the company.
Czechs Set to Hold Rates as Price Pressures Signal Cautious Tone
Bloomberg (Bloomberg) -- Czech policymakers will likely leave interest rates unchanged, keeping the door open to further monetary tightening as persistent domestic inflation risks outweigh a recent drop in oil prices.
Czech Inflation Quickens With Central Bank Set to Hold Rates
Bloomberg (Bloomberg) -- Inflation in the Czech Republic accelerated in July but remained below the central bank’s target, bolstering expectations that interest rates will stay on hold this week.
Romania Narrowly Averts Junk Rating on Debt Amid Budget Scrutiny
Bloomberg (Bloomberg) -- Romania narrowly avoided having its debt downgraded to junk status, which the country’s acting finance chief called a warning to overcome the current political deadlock and continue with budget reforms.
Czech Policymaker Seidler Leaning Toward Holding Rates in August
Czech Statistics Office, Czech National Bank (Bloomberg) -- Czech central banker Jakub Seidler said he is inclined to leave interest rates unchanged next week, taking more time to gauge the domestic and global drivers of inflation.
Czech Price Pressures Warrant Increased Caution for Central Bank
Czech Statistics Office, Czech National Bank (Bloomberg) -- The Czech central bank said monetary policy caution remains warranted, with the headline inflation rate likely to return to or “slightly above” the 2% target this year following a recent...
Czech Policymaker Cautions on Services Prices as Inflation Slows Original
Czech Statistics Office, Czech National Bank (Bloomberg) -- A Czech central banker signaled that tight monetary policy remains appropriate even after headline inflation slowed more than expected last month in the wake of the first interest-rate...
EM Stocks Post Worst Week in More Than Three Months on AI Rout
Bloomberg (Bloomberg) -- Emerging-market stocks posted their biggest weekly decline since early March, weighed down by a renewed selloff in technology shares that hammered South Korean equities.
Fortaleza del dólar ejerce presión sobre divisas y acciones emergentes
Bloomberg — La mayoría de las monedas de los países en desarrollo se debilitaron frente al dólar el martes, a medida que el billete verde alcanzaba su nivel más alto del año, en medio de un clima de aversión al riesgo provocado por una fuerte venta masiva de acciones de los gigantes tecnológicos de Corea del Sur.
EM Assets Sink as Strong Dollar, Korea Tech Rout Hit Markets
Bloomberg (Bloomberg) -- Emerging-market assets tumbled across the board on Tuesday as the dollar climbed to its strongest level of the year and a risk-off mood triggered by a steep selloff in South Korean technology shares rippled through global...
Emerging-Market Stocks Mark Fresh High as US-Iran Talks Progress, Oil Falls Original
Bloomberg (Bloomberg) -- Most emerging-market currencies slid Monday on the back of a stronger dollar as rising bets the Federal Reserve will hike rates this year sapped risk appetite, overshadowing the latest developments in the Middle East as...
Czech Billionaire Premier Feuds With Central Bank Over Rate Hike
Photographer: Wiktor Dabkowski/Bloomberg (Bloomberg) -- The Czech prime minister heightened his public criticism of the central bank’s tight monetary policy, saying its latest move to raise interest rates will hurt the economy.
Czechs Mull First Rate Hike Since 2022 to Curb Price Risks
Czech Statistics Office, Czech National Bank (Bloomberg) -- The Czech central bank may raise interest rates for the first time in four years as policymakers weigh domestic inflation pressures against receding risks from global energy prices.
Aleš Michl: Case for a June rate hike has strengthened
By Peter Laca, Francine Lacqua (Bloomberg 12. 6. 2026) Czech National Bank Governor Aleš Michl said in an interview with Bloomberg that the arguments for raising interest rates at the June Bank Board meeting have strengthened. The Czech economy is facing domestic inflationary pressures – robust wage increases, persistent growth in prices for services and housing and an increase in the money supply. Although headline inflation slowed to 2.1% in May, core inflation remained elevated at 2.9%.
Czech Central Bank Chief Says June Hike a ‘Real Possibility’ Original
Czech Statistics Office, Czech National Bank (Bloomberg) -- Czech central bank Governor Ales Michl said he sees a stronger argument to raise interest rates in June to contain inflationary pressures.
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