2015-01-20 22:22 Przemysław Lawrowski , an analyst Money.pl Author: Przemysław Lawrowski 
Passionate about financial markets. Submit a long-term investment over short-term speculation. Followers of fundamental analysis, however, does not despise information stemming from technical analysis. Adheres to the theory that the investment decisions emotions are bad counselor.
Financial Stability Committee’s decisions will mean that once again the center of attention of investors will be the banks. On the other hand, talks on the Swiss franc and so can soothe tense general situation on the WSE. On Wednesday, a series of publications will continue to CSO data. This time we will learn how to change in December industrial production value.
The confusion related to Swiss franc and the mood in the first hour of the session in the US led to a sudden weakening WIG20 trading Tuesday. As is clear from the discussions in the Committee of the Financial Stability banks in the case of loans denominated in Swiss currency will take into account in calculating the loan installment negative LIBOR.
The decision to cut its main interest rate to -0.75 percent; franc was released last Thursday. Szczurek minister said, however, that there are no arrangements in case of LIBOR plus margin formula gave the result below zero.
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This information will result in more volatility in the share price of the largest banks in Poland. The use of negative LIBOR certainly will affect the bank’s net interest income, which can contribute to further falls in prices of their shares. During the last five sessions among the most depreciates banks was Getin Noble Bank, whose shares have become cheaper by 24 percent. According to the Raiffeisen Centrobank, it has in its portfolio 29 percent of loans granted in this currency. From 10 to 15 percent of the Bank’s shares lost Millennium, PKO BP and mBank. Because they are at the forefront of next Getin Noble Bank in terms of the size of the loan portfolio franc.
| Quotations three banks in the last 5 sessions |
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On the other hand, perhaps the initial information about resolving the issue of loans in Swiss francs will calm the situation on the Warsaw stock market. The nerves of investors and so are already strained. WIG20 over the last five sessions lost more than 5 percent. This will result in the stabilization of the franc against the zloty. It is more important to confine the sudden changes in the exchange rate, and a high level of investment of the currency market is in a state of getting used to.
On Wednesday, the CSO will present new data from the Polish economy. This time, there will be information on industrial production. After a strong decline in the growth in the last month to 0.3 percent, but this time the market consensus indicates an increase of 5.2 percent. This would mean growth returning to a level close to that of April last year.
This data will have little significance for the shares on the Stock Exchange. However, it is important from the perspective of the whole economy, which affects the financial market. Therefore, these data should be considered in the long term.
On the night of our time will be the decision of the Bank of Japan, which certainly is not revolutionary, because the current monetary policy actions will be sustained. At 10:30 you are reading the unemployment rate in the UK, and in the afternoon data from the US housing market and fuel market. Oil all the time loses its value. Listed on the London Stock Exchange Brent variety costs less than $ 50 for a nugget.
Any gains on European stock exchanges will not be driven nastojami Wednesday morning on Wall Street. The main indices of the New York Stock Exchange passed a minimum increase, which was achieved at the end of the session. The exception was the Nasdaq.
Investors all the time at the back of the head to the information from the ECB on Thursday.
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