2015-03-21 23:05 Photo: Thomas Brankiewicz / Money.pl Author: Jacek Frączyk 
This week, the markets will turn their attention to the economic data, particularly those from the United States. The most important of them still will be used to interpret the term Fed rate hikes. It’s for a long time will be the main theme, shut up stock investors throughout the world.
From the USA we will get more data from the housing market, the Fed regional indexes, the final Gross Domestic Product (Friday 13:30 preliminary data we’ve looked at in January), but most of all data on inflation. This is the main factor restraining the Fed before the date of faster rate hikes. US data on changes in consumer prices for February will be announced on Tuesday at 13:30. Forecast to 0.1 percent deflation. y / y, similar to that indicated in January. If it turns out that prices rose in February, however, the reaction of stock markets may be declining.
In the calendar, scheduled for next week and there are many instances of the central banks of Mario Draghim (Monday at 15:00) and Janet Yellen (Friday before 21:00 our time) at the helm. On Tuesday we will have a preliminary readings on US economic index (PMI) for March: Tuesday, PMI, and on Thursday for the services sector. Volatility may therefore be high.
On Tuesday, March will be announced a series of preliminary PMI for Japan, China, France, Germany and the euro zone. China will be interesting from the point of view of investors interested in shares of KGHM, as copper prices depend on the condition of the industry of the Middle Kingdom. German PMI forecast at 51.7 points. This important indicator for the whole Polish economy, which increasingly shifts to exports, driven mainly just to the west neighbor. Institute ZEW economic indications last week showed that expectations can be adjusted down.
This week, the markets will turn their attention to the economic data, especially those …
Polish data, the CSO on Tuesday will give the unemployment rate. Is forecast to maintain it at the level of 12 percent. and with employment rates previously published data should not be surprising.
The Warsaw Stock Exchange companies
Last week was marked by large increases on the Warsaw Stock Exchange. WIG20 gained 4.5 per cent., And the session trading on Friday was the biggest in two years. Growth can be sustained mainly by external factors, but the week will bring a lot of data about the national companies, which can change the listing of individual companies.
We shall, inter alia, the audited financial reports for 2014. PKN Orlen (Thursday) and Eurocash (Friday). Unaudited figures already given to the public, and now we find out that the company will not have to do more adjustments, create, or solve the reserve.
PKN Orlen has already shown in the quarterly report the highest annual loss in its history 5.8 zł billion (mainly by write-downs on investments in Lithuania), the result worse than the worst forecasts of market analysts and see if we can be even worse (or maybe better?) and how long it can move the payment of dividends.
180 million net profit Eurocash quarterly report, the result of 18 percent. worse than a year ago, was close to the expectations of the market, the question is whether it is confirmed after revision auditors.
From the group of medium-sized companies with annual data mWIG40 at the beginning of the week publicized: Getin Noble Bank – the last bank listed on the Warsaw Stock Exchange, the results of which we do not know – and Ciech and GTC.
In the case of Getin Noble Bank is projected to increase net income by 12-13 percent. to about 450 million zł, Ciech has gained 65-85 mln zł, ie from 30 to 72 percent. more than in 2013. Even more to be shot in the evaluation of the results of Globe Trade Centre from zł 183 million loss to a profit of 17 million zł. After three quarters was zł 280 million net loss.
On Friday, we will know how many earned during the year, Cinema City International. Recent projections indicate brokerages annual profit of € 21 million (after three quarters was 17 million euros), even previously estimated 32-38 million. The turnout in Polish cinemas increased by more than 10 per cent., So it should not be bad, the only question is, how the situation in other markets in which the company operates.
On Monday we will know the results of an up twelve companies sWIG80, including Action, CI Games, Colianu, LC Corp, Polnord and Zetkama.
Idea Bank may divert funds from the stock exchange
Monday is the first day of subscriptions for shares of Idea Bank. IPO, at a price of up to 32 zł per share may exceed a billion dollars. This amount can pull part of the capital from the stock market. Investors interested in the offer part of the funds will certainly raise by selling shares of listed companies. Enrollment is open until April 7.
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