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​S&P Affirms Hungary at BBB-; Xi to Visit Hungary Between May 5-10

HUNGARY
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  • Hungary's long-term foreign currency debt rating was affirmed by S&P at BBB-, the lowest investment grade score, at a review after hours on Friday. The outlook remains stable.
  • Chinese President Xi Jinping will pay state visits to France, Serbia and Hungary from May 5 to 10, according to a statement from China's Foreign Ministry.
  • Hungary’s EU Funds Minister Tibor Navracsics will speak at a forum hosted by the Hungarian Economics Association at 13:00BST/14:00CET.
  • There are no major data releases scheduled for today. The flash reading for Q1 GDP will cross tomorrow and is the highlight of the week (Est: +0.5% Q/Q; Prior: 0.0%). PPI, trade balance and manufacturing PMI data are also on the docket throughout the week.
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  • Hungary's long-term foreign currency debt rating was affirmed by S&P at BBB-, the lowest investment grade score, at a review after hours on Friday. The outlook remains stable.
  • Chinese President Xi Jinping will pay state visits to France, Serbia and Hungary from May 5 to 10, according to a statement from China's Foreign Ministry.
  • Hungary’s EU Funds Minister Tibor Navracsics will speak at a forum hosted by the Hungarian Economics Association at 13:00BST/14:00CET.
  • There are no major data releases scheduled for today. The flash reading for Q1 GDP will cross tomorrow and is the highlight of the week (Est: +0.5% Q/Q; Prior: 0.0%). PPI, trade balance and manufacturing PMI data are also on the docket throughout the week.