2015-01-13 10:20 Author: Luke Priest
Listing on the Warsaw Stock Exchange started on Tuesday of acting out the last drops. After more than an hour of trade WSE is now stronger than the other stock exchanges in Europe.
Investors shrugged too pronounced declines on Wall Street, and for the moment the buyer trying to defend himself above yesterday’s closing . WIG 20 from the beginning of trading slightly goes up.
Yesterday, the Warsaw Stock Exchange clearly lagged the rest of parquet in Europe, which grew on speculation that the ECB will start any day of government bond buying program. ECB meeting is scheduled for January 22. We can say that this time mainly this topic will determine the mood among investors.
Among the companies with WIG20 more than 3 percent rebound record today JSW shares. Another day in a row in the red is for Eurocash.
Back declines on the WSE. Investors are waiting for …
The Ocean started earnings season.
Listing on the Warsaw Stock Exchange started on Tuesday of acting out …
Luke Priest, 12.01, hours. 22.18
Only on Wednesday, investors know the Monetary Policy Council’s decision on interest rates. The market continues nervous waiting for reports not only the beginning of the MPC meeting on Tuesday.
After a fairly considerable fluctuations, with whom we had to deal with in the past week, it seemed that Monday at the Warsaw Stock Exchange will bring more calm. In the second part of the session, however, the mood deteriorated, which eventually led to declines in the major indexes.
In the Western European markets, investors tend to buy stocks. And in the US session on the New York Stock Exchange on Monday brought significant declines. For this development was influenced by, among others, further declines in commodity prices.
The deterioration in sentiment on Wall Street rather not work on Tuesday morning shoppers on European stock exchanges. They will also have in mind also that began on Wall Street just quarterly earnings season of companies.
Traditionally, the first published them company Alcoa. While the company since 2013 has been listed in the Dow Jones, for many investors is a signal that might look like the US earnings season. It turned out that in the fourth quarter, the company beat analysts’ forecasts. Earnings per share amounted to 0.33 dollar against expectations of 0.27 dollar.
One factor that in the coming days, however, will have the greatest impact on sentiment among investors in Europe, are speculating on how the practice will look like buying government bonds (QE), which is due to start soon, the European Central Bank. The next meeting of the ECB is scheduled for January 22 and is a high probability that it will be announced after the details of QE program.
According to unofficial information, which for several days, come to the market, the ECB had to buy up bonds in proportion to the share of individual countries in the capital of the ECB. Most of this combination falls on euro zone’s largest economies, namely Germany and France.
Meanwhile, on Tuesday, investors will not flow too much relevant information from the European economy. In the morning we will only data on inflation in the UK.
More interesting in terms of data will be Wednesday. Then the market will flow reports on the latest results of industrial production in the euro zone. In the evening, the US central bank will publish the latest beige Book, which is a report on the economic health of the United States. Investors will try to find the suggestions on the timing of the first hike in interest rates in the United States.
For the Polish investors will be very important, however, on Wednesday, the Monetary Policy Council decision on interest rates, as well as the message after the MPC meeting. According to the forecasts of economists MPC will not lower the foot during the meeting, but also prolonged period of deflation indicates that this year the rate will fall even at least about 0.25 percentage points.
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