Markets continue to count on QE – Inwestycje.pl

Markets continue to count on QE – Inwestycje.pl

After yesterday’s conference, Mario Draghi investors were a bit disappointed I still have to wait for some action by the ECB. DAX reacted quite negatively and we saw profit-taking. Also on the Warsaw Stock Exchange, investors began to sell off stocks and WIG20 ended trading -1.15% below Wednesday’s close.

You can say that yesterday’s meeting of the European Central Bank is not ascended nothing new. Investors are already familiar with the rhetoric of the current head of the ECB, which once again pointed out that, first you need to understand the impact of actions taken to date, and only then we can consider the introduction of new solutions. So for now we will not see the extension of the asset purchase program by the ECB, aimed at suspending the balance sheet to $ 3 trillion euros, which will be achieved by the end of 2016 years. European indices

reacted to this information quite nervously watched profit-taking, which was particularly evident on the DAX index quotations. Also, after a good start WIG20 began to lose and at the end of the session was again below the level of 2430 points. During today’s session, we see that investors started buying stocks again, which on the one hand, it seems to be quite normal due to the fact that the market all the time awai ts further action by the ECB, which may be launched in January.

The Warsaw Stock Exchange indices also started today’s session with the increases. Index twenty largest companies currently gaining 0.6%. Among its components Alior best deal, Synthos, and TAURONPE. On the other side of the market are BZ and Bogdanka.

 
Lukasz Banach

 XTB