PMI in Poland deteriorates the most since mid-2009

Lotte Wedel factory, Warsaw, Poland (Adrian Grycuk, CC BY-SA 3.0)

Hungary's MOL acquires stakes in Azeri oil fields

Czech and Slovak billionaires the largest shareholders in Metro AG

Poland

Poland’s Purchasing Managers’ Index (PMI) fell to 45.6 points from 47.8 points in September, the economic research company IHS Markit reported. Market expectations stood at 48.0 points, PAP news agency informed. According to Markit this has been the lowest PMI value since mid-2009 and the strongest downturn of the main indicator in over three-and-a-half years.

“The October PMI survey data from IHS Markit signaled a worsening downturn in the Polish manufacturing sector. Output, new orders and exports all contracted at the strongest rates in over ten years. This led to more job cuts, reduced purchasing activity and the worst expectations for production on record,” Markit stressed.

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Hungary

Hungarian energy group MOL has acquired a 9.57 per cent stake in Azerbaijan’s Azeri-Chirag-Gunashli (ACG) oil field and 8.9 per cent in the Baku-Tbilisi-Ceyhan (BTC) pipeline that transports crude oil to the Mediterranean port of Ceyhan, for a total of USD1.57bn, Reuters news agency informed. MOL will team up with BP, Exxon, Equinor and SOCAR in a key strategic asset. Once finalized, the deal will make MOL the third largest field partner in ACG.

This Azeri asset will add around 20,000 net barrels per day to MOL’s production in coming years and will also increase MOL’s proven and probable reserves.

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Czech Republic and Slovakia

EP Global Commerce Group (EPGC) of Czech billionaire Daniel Kretinsky and Slovak investor Patrik Tkac increased their share in German retailer Metro AG to 29.99 per cent and became Metro ́s largest shareholder, according to a press release. The Metro Group owns over 770 Cash & Carry wholesalers in 26 countries, employing over 150,000 people. Last month they also acquired a stake of 4 per cent in ProSiebenSat.1 Media PSMGn.DE, one of the biggest German broadcasters.

In a statement, the business partners informed the stake purchase was part of a strategy of building a portfolio of minority stakes in media companies in Europe.

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What’s up in indexes

BET (of Bucharest) increased from 9607.67 index points Friday, November 1st to 9610.18 index points Monday, November 4th. It’s up 0.16 per cent d/d and up 12.1 per cent y/y.

BUX (of Budapest) increased from 42159.58 index points Thursday, October 31st to 42818.00 index points Monday, November 4th. It’s up 1.56 per cent d/d and up 13.3 per cent y/y.

OMXR (of Riga) decreased from 1025.45 index points Friday, November 1st to 1016.11 index points Monday, November 4th. It’s down 0.91 per cent d/d and up 6.70 per cent y/y.

OMXT (of Tallinn) decreased from 1263.22 index points Friday, November 1st to 1262.69 index points Monday, November 4th. It’s down 0.02 per cent d/d and up 5.89 per cent y/y.

OMXV (of Vilnius) increased from 701.90 index points Thursday, October 31st. to 703.54 index points Monday, November 4th. It’s up 0.23 per cent d/d and up 6.81 per cent y/y.

PX (of Prague) increased from 1061.83 index points Friday, November 1st to 1069.69 index points Monday, November 4th. It’s up 0.74 per cent d/d and down 0.26 per cent y/y.

Monday, November 4th was a non-trading day at Moscow Stock Exchange. RTS (of Moscow) closed at 1455.44 index points Friday, November 1st. It’s up 28.6 per cent y/y.

SAX (of Bratislava) closed at 346.07 index points Monday, November 4th. It’s the same result as Friday’s. It’s 0 per cent change d/d and up 4.13 per cent y/y.

SOFIX (of Sofia) decreased from 554.64 index points Friday, November 1st to 554.00 index points Monday, November 4th. It’s down 0.12 per cent d/d and down 7.15 per cent y/y.

UX (of Kyiv) increased from 1514.64 index points Friday, November 1st to 1516.28 index points Monday, November 4th. It’s up 0.11 per cent d/d and down 13.51 per cent y/y.

WIG20 (of Warsaw) increased from 2194.10 index points Thursday, October 31st to 2264.06 index points Monday, November 4th. It’s up 3.19 per cent d/d and up 1.36 per cent y/y.

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