Free Trial
US TSY FUTURES

BLOCK, 10Y Buy

BONDS

EGB/Gilt - Gilt outperforms

OIL

Europe Oil Inventories Increased in October

OIL

Crude and Cracks Decline Before EIA Data

CORN TECHS

(Z2) Watching Key Support

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Varga Sees Recovery Fund Issues Settled in Mid-November

HUNGARY
  • Italian election results may become notable for Hungary going forward, with Orban’s resistance to further sanctions pressure on Russia (and even the demand for their removal entirely) possibly gaining an ally in the election of right-wing’s Giorgia Meloni.
  • Finance minister Varga has claimed that disputes with the EU over recovery funds are expected to be resolved by mid-November, according to a conference with economists.
  • At the same conference, Varga presented forecasts that Hungary may enter a recession next year, while budget deficits should rise to 6.1% in 2022 before dropping to 4.9% in 2023.
  • Moody’s retained their rating of Baa2 for Hungary late on Friday.
102 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • Italian election results may become notable for Hungary going forward, with Orban’s resistance to further sanctions pressure on Russia (and even the demand for their removal entirely) possibly gaining an ally in the election of right-wing’s Giorgia Meloni.
  • Finance minister Varga has claimed that disputes with the EU over recovery funds are expected to be resolved by mid-November, according to a conference with economists.
  • At the same conference, Varga presented forecasts that Hungary may enter a recession next year, while budget deficits should rise to 6.1% in 2022 before dropping to 4.9% in 2023.
  • Moody’s retained their rating of Baa2 for Hungary late on Friday.