\n\t\t![\"Panika](\"https:\/\/www.europesays.com\/sk\/wp-content\/uploads\/2026\/03\/investovanie-obchod.jpg\" "\\"Panika")
\t\t\t<\/p>\n\n\t\t\t\tZobrazi\u0165 gal\u00e9riu (3)\t\t\t<\/p>\n
\t<\/a><\/p>\n
\t\u00a0(Zdroj: Getty Images)<\/p>\n
Odborn\u00edk v\u0161ak pouk\u00e1zal na to, \u017ee v s\u00fa\u010dasnosti ide o ponukov\u00fd cenov\u00fd \u0161ok a infl\u00e1cia nie je \u0165ahan\u00e1 rast\u00facou spotrebou, ale extern\u00fdm faktorom, ktor\u00fd \u010dasom odznie. \u201eNavy\u0161e, peniaze z pe\u0148a\u017eeniek \u013eu\u010fom sk\u00f4r uberie, ne\u017e aby im ich prid\u00e1val a tla\u010dil ich tak do \u010fal\u0161\u00edch n\u00e1kupov, ktor\u00e9 by infl\u00e1ciu zvy\u0161ovali. Preto sk\u00f4r o\u010dak\u00e1vam n\u00e1sledn\u00fd pokles infl\u00e1cie a n\u00e1vrat cien dlhopisov k p\u00f4vodn\u00fdm hodnot\u00e1m – a teda len relat\u00edvne kr\u00e1tkodob\u00fd v\u00fdkyv cien dlhopisov\u00fdch fondov,\u201c predpoklad\u00e1 \u010eurana.<\/p>\n
Cena akci\u00ed zase pod\u013ea neho v\u00fdrazne klesla kv\u00f4li v\u00fdznamnej, ale v z\u00e1sade lok\u00e1lnej udalosti. Nie je v\u0161ak d\u00f4vod myslie\u0165 si, \u017ee v dlhodobom horizonte op\u00e4\u0165 nenast\u00fapia svoj dlhodob\u00fd rastov\u00fd trend. \u201eFundamenty zost\u00e1vaj\u00fa siln\u00e9 – ekonomiky rast\u00fa, zisky firiem s\u00fa sol\u00eddne. Geopolitick\u00e9 \u0161oky s\u00fa nepr\u00edjemn\u00e9, ale do\u010dasn\u00e9. Samozrejme, r\u00fdchlos\u0165, s akou sa akciov\u00e9, resp. dlhopisov\u00e9 trhy zotavia, z\u00e1vis\u00ed od d\u013a\u017eky a h\u013abky s\u00fa\u010dasnej kr\u00edzy,\u201c doplnil \u010eurana.<\/p>\n","protected":false},"excerpt":{"rendered":"BRATISLAVA – Odpove\u010fou na s\u00fa\u010dasn\u00fa volatilitu na finan\u010dn\u00fdch trhoch nie je pred\u00e1vanie a kupovanie akci\u00ed ropn\u00fdch spolo\u010dnost\u00ed, ani…\n","protected":false},"author":2,"featured_media":19203,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,735,65,66,2618,2621,43,40,39,42,41,6582],"class_list":{"0":"post-19202","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ekonomika","8":"tag-business","9":"tag-ceny","10":"tag-economic","11":"tag-ekonomika","12":"tag-investovanie","13":"tag-ropa","14":"tag-sk","15":"tag-slovak","16":"tag-slovakia","17":"tag-slovencina","18":"tag-slovensko","19":"tag-trhy"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@sk\/116233615878711687","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/19202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/comments?post=19202"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/19202\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media\/19203"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media?parent=19202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/categories?post=19202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/tags?post=19202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Ilustra\u010dn\u00e9](\"https:\/\/www.europesays.com\/sk\/wp-content\/uploads\/2026\/03\/nafta-tankovanie-benzin-pumpa.jpg\" "\\"Ilustra\u010dn\u00e9")
\t\t\t<\/p>\n