Morning five: markets, KATA, Ukraine and cybersecurity

Telekom led the BUX as overseas indices slipped. The BUX rose 0.43% while major European and US indices declined. We compared final regular-session closes.

Consultation on Hungary's new KATA closes 14 October. The government notice describes a HUF 22 million revenue threshold and revised monthly amounts. They remain proposals; promulgated law will set the final rules.

EU opens new accession clusters with Ukraine. The internal-market and competitiveness clusters group 17 negotiating chapters. Opening them starts a new assessment stage, not a completed membership decision.

EU-Ukraine arrangement strengthens cyber incident defence. CERT-EU and CERT-UA will exchange information to improve prevention, detection and mitigation. Later joint alerts and exercises will show operational results.

Bank profit rose, but so did the cost of risk. Wells Fargo's result shows that credit-loss provisions matter alongside higher revenue. For Hungarian investors, bank earnings and the dollar-forint exchange rate together provide the portfolio context.