{"id":102115,"date":"2026-03-17T00:22:29","date_gmt":"2026-03-16T23:22:29","guid":{"rendered":"https:\/\/www.infokuryr.cz\/n\/?p=102115"},"modified":"2026-03-16T13:46:13","modified_gmt":"2026-03-16T12:46:13","slug":"napeti-na-blizkem-vychode-muze-ovlivnit-inflaci-i-investice-trhy-zatim-veri-spise-v-kratkou-krizi-rika-ekonom-lukas-kovanda","status":"publish","type":"post","link":"https:\/\/www.infokuryr.cz\/n\/2026\/03\/17\/napeti-na-blizkem-vychode-muze-ovlivnit-inflaci-i-investice-trhy-zatim-veri-spise-v-kratkou-krizi-rika-ekonom-lukas-kovanda\/","title":{"rendered":"Nap\u011bt\u00ed na Bl\u00edzk\u00e9m v\u00fdchod\u011b m\u016f\u017ee ovlivnit inflaci i investice. Trhy zat\u00edm v\u011b\u0159\u00ed sp\u00ed\u0161e v kr\u00e1tkou krizi, \u0159\u00edk\u00e1 ekonom Luk\u00e1\u0161 Kovanda"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n<p><strong>Geopolitick\u00e9 nap\u011bt\u00ed mezi Spojen\u00fdmi st\u00e1ty, Izraelem a \u00cdr\u00e1nem v posledn\u00edch dnech znovu p\u0159ipomn\u011blo, jak citliv\u011b reaguj\u00ed glob\u00e1ln\u00ed finan\u010dn\u00ed trhy na bezpe\u010dnostn\u00ed krize. R\u016fst cen ropy, pohyby na m\u011bnov\u00fdch trz\u00edch i nejistota investor\u016f otev\u00edraj\u00ed ot\u00e1zku, jak\u00e9 dopady by p\u0159\u00edpadn\u00e1 eskalace konfliktu mohla m\u00edt na sv\u011btovou ekonomiku, inflaci nebo investi\u010dn\u00ed strategie.<\/strong><\/p>\n<p>Podle ekonoma Luk\u00e1\u0161e Kovandy v\u0161ak trhy zat\u00edm p\u0159edpokl\u00e1daj\u00ed sp\u00ed\u0161e kr\u00e1tkodobou epizodu ne\u017e dlouhodob\u00fd konflikt. \u201eInvesto\u0159i zat\u00edm s\u00e1z\u00ed na to, \u017ee krize bude p\u0159echodn\u00e1 a relativn\u011b rychle odezn\u00ed. Trhy v\u0161ak \u010dasto b\u00fdvaj\u00ed p\u0159\u00edli\u0161 optimistick\u00e9, tak\u017ee je nam\u00edst\u011b ur\u010dit\u00e1 opatrnost,\u201c uv\u00e1d\u00ed ekonom Luk\u00e1\u0161 Kovanda<a href=\"https:\/\/tradeinfo.cz\/clanky\/trhy-zatim-sazi-na-to-ze-krize-rychle-odezni-rika-ekonom-lukas-kovanda-o-napeti-na-blizkem-vychode\/\"> v rozhovoru pro Tradeinfo<\/a>.<\/p>\n<p>Hlavn\u00ed ekonom Trinity Bank v rozhovoru vysv\u011btluje, \u017ee rozhoduj\u00edc\u00ed bude p\u0159edev\u0161\u00edm d\u00e9lka a intenzita p\u0159\u00edpadn\u00e9 krize. Pokud by \u0161lo pouze o kr\u00e1tkodob\u00e9 vyhrocen\u00ed situace, dopady na \u010desk\u00e9 dom\u00e1cnosti by mohly z\u016fstat relativn\u011b omezen\u00e9. V p\u0159\u00edpad\u011b del\u0161\u00ed eskalace by se v\u0161ak situace mohla projevit zejm\u00e9na r\u016fstem cen energi\u00ed, vy\u0161\u0161\u00ed inflac\u00ed a nep\u0159\u00edmo tak\u00e9 dra\u017e\u0161\u00edmi hypot\u00e9kami.<\/p>\n<p><strong>Konflikt m\u016f\u017ee zdra\u017eit energie i zpomalit ekonomiku<\/strong><\/p>\n<p>Jedn\u00edm z nejv\u011bt\u0161\u00edch rizik by podle n\u011bj byla p\u0159\u00edpadn\u00e1 blok\u00e1da Hormuzsk\u00e9ho pr\u016flivu, kudy proud\u00ed v\u00fdznamn\u00e1 \u010d\u00e1st sv\u011btov\u00fdch dod\u00e1vek ropy a zemn\u00edho plynu. Takov\u00fd sc\u00e9n\u00e1\u0159 by mohl naru\u0161it glob\u00e1ln\u00ed energetickou logistiku a v\u00fdrazn\u011b zv\u00fd\u0161it ceny surovin na sv\u011btov\u00fdch trz\u00edch.<\/p>\n<p>Nap\u011bt\u00ed se p\u0159itom prom\u00edt\u00e1 tak\u00e9 do investi\u010dn\u00edho chov\u00e1n\u00ed. \u010c\u00e1st investor\u016f p\u0159esouv\u00e1 kapit\u00e1l do bezpe\u010dn\u011bj\u0161\u00edch aktiv, nap\u0159\u00edklad do zlata nebo americk\u00e9ho dolaru. Zaj\u00edmav\u00e9 ale je, \u017ee klasick\u00e9 bezpe\u010dn\u00e9 \u00fato\u010di\u0161t\u011b v podob\u011b vl\u00e1dn\u00edch dluhopis\u016f zat\u00edm tak v\u00fdrazn\u011b neposiluje. Podle Kovandy to nazna\u010duje, \u017ee investo\u0159i st\u00e1le v\u011b\u0159\u00ed sp\u00ed\u0161e v p\u0159echodn\u00fd charakter sou\u010dasn\u00e9 krize.<\/p>\n<p>\u201eBitcoin se dnes chov\u00e1 sp\u00ed\u0161e jako rizikov\u00e9 technologick\u00e9 aktivum, kter\u00e9mu sv\u011bd\u010d\u00ed n\u00edzk\u00e9 \u00farokov\u00e9 sazby. Po ozn\u00e1men\u00ed \u00fatok\u016f nejprve klesl, tak\u017ee zat\u00edm nefunguje jako klasick\u00fd bezpe\u010dn\u00fd p\u0159\u00edstav,\u201c dod\u00e1v\u00e1 v rozhovoru na <a href=\"http:\/\/tradeinfo.cz\">Tradeinfo.cz<\/a>.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-1185\" src=\"http:\/\/www.infokuryr.cz\/n\/wp-content\/uploads\/2021\/04\/kuryr-podpis.png\" alt=\"\" width=\"84\" height=\"24\" \/><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Geopolitick\u00e9 nap\u011bt\u00ed mezi Spojen\u00fdmi st\u00e1ty, Izraelem a \u00cdr\u00e1nem v posledn\u00edch dnech znovu p\u0159ipomn\u011blo, jak citliv\u011b&#8230;<\/p>\n","protected":false},"author":2,"featured_media":102116,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[1042,1854,286,2929],"_links":{"self":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/102115"}],"collection":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/comments?post=102115"}],"version-history":[{"count":0,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/102115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media\/102116"}],"wp:attachment":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media?parent=102115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/categories?post=102115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/tags?post=102115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}