Shocking events in Switzerland continued. After yesterday’s strengthening of the franc and the reduction in interest rates by the Swiss National Bank, today the country’s ten-year bonds yield falls below zero. Traci Exchange in Zurich – today more than 5%. In two days the local floor fell by over 14%.
Swiss franc strengthened on Friday against the zloty . Just after 16 value of the Swiss franc has risen to more than 4.40, respectively. The situation all the time dynamically changing.
Crazy about inflation in Russia. As reported Rosstat, in 2014 the prices of goods and services increased in the country by 11.4%. This is the highest rate of inflation in Russia for six years. For comparison – in 2013 it was 6.5%.
Meanwhile, in the United States, inflation falls – from 1.3% to 0.8% in annual terms. It was expected to decrease to 0.7%. The fall in prices overseas is mainly due to cheaper fuels. This is the lowest reading since 2009. Core inflation – excluding fuel and food – are kept at a higher level, but fell from 1.7% to 1.6%.
Although the beginning it did not indicate they were still moments after an hour of 15, in which the index of the 20 largest companies WSE came out more than a dash. On the demand side, however, was not enough to keep the forces above yesterday’s closing level. WIG20 falls on Friday at 0.57%. The level of 2252 points is the lowest since September of 2013. WIG30 falls by 0.45%, while the broad market WIG index lost 0.62% and is the lowest since August last year.
Among the blue-chip index companies once again the banks are the ones that most WIG20 pulled down. No wonder – investors are not sure of the results of the companies in the sector after such a drastic increase in the franc. Today only grew Alior Bank, but only by a symbolic 0.05%. The remaining 4 banks in this index lost – the largest restatement occurred on shares of PKO BP. The bank declined by 2.91% today, and over the past two days, including up to 10%. Today, as one of PKO BP must pay equal to 33 gold. At the other extreme JSW. Although the share of coal miners strike giant grow by almost 3.9%.
Warsaw lowest for more than a year, and the German DAX Beat historic record today. The main index of the Frankfurt Stock Exchange has never been so high. Also grow other large European parquet – Paris, London, Milan and Madrid. Wall Street began with the increases. The results reported today there Goldman Sachs. The bank earned in the fourth quarter of $ 4.38 per share – it’s about 6 cents more than expected. This is the first bank that this season the results showed a profit better than analysts’ forecasts.
On Monday, we will wait reflection on the Warsaw Stock Exchange is still closely watching the odds of the Swiss currency. Regarding data – we will, inter alia, industrial production in Japan in November and the euro area balance of payments in the same month.
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