2015-04-15 22:21 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.
For us the most interesting session this week. On Thursday we will see, among others, core inflation reading for the Polish economy and some information from the US. Western European stock markets continue to be under the influence of Mario Draghi last words and the situation in Greece. Debut on the Warsaw Stock Exchange Idea Bank.
We met on Wednesday, among others decisions on interest rates, Polish and European Central Bank. In both cases, the change was not. Indisputably important information for the global stock market data were coming from the ECB.
In addition to the decision on a fairly turbulent started the press conference we heard some information on the recently launched asset purchase program. In terms of the questions have been raised about its size. Mario Draghi said, however, that such an analysis is too early. He stated, however, that it is possible to shorten the program, and the deposit rate will not be reduced.
When considering the European QE must be remembered, however, that the priority is economic growth in the euro zone, of which probably the chief Draghi will fight.
In the words of Draghi responded primarily the German Stock Exchange. The reason is the information on the said deposit rate. Yields some German papers are from the lower. As a consequence, the ECB can not buy them.
In this regard sentiment in Europe should be on Thursday, good with one exception. The fierce fighting bulls with the bears must be set up on the stock exchange in Frankfurt am Main. The other markets will also promote the growth session on Wall Street.
The ECB brings consequences
Looking at the situation of European stock shows that investors do not have anything to complain about. Italian Stock Exchange is the highest since January 2010. This week, the FTSE-MIB index managed to break through 24,000 points. Even better cope DAX, which is the highest in history.
In the coming weeks, growth will likely continue. An important factor for the stock markets, however, the situation of the eurozone Greece. On Wednesday, Standard & amp; Poor’s downgraded by one step, and so disastrous Greek securities rating of “B minus” to “CCC plus.”
On Thursday we will see further data from the euro zone. These appear only on Friday. We’ll look at core inflation readings published by the NBP. Many economists believe that these data are even more important for the MPC from price changes reported by the CSO. The indicators relate to, among others, unchanged inflation in food prices, inflation excluding most volatile prices.
On Thursday debut on the Warsaw Stock Exchange Idea Bank. The money raised amounted to 254.18 million, and the reference price is 24 gold. It will be the largest IPO since 2013, and the bank itself will be the 15th company representing the same sector.
The idea of the Bank’s financial results against competitors do not look quite as impressive. Bank on a purely earned in 2014 241 million zlotys. Less net profit had only three banks listed on the Warsaw Stock Exchange. At the same time, PKO BP gained more than 3 billion dollars. It should be noted, however, that the stock market is incomparably smaller rookie institution.
It is worth noting the results of high growth in recent years. Two years ago, Idea Bank earned less than 27 million dollars. A year later, the profit increased by almost 4-fold, and then another 130 percent. Such an impressive growth rate is not possible to maintain in the long run.
On Wall Street, you can always count
As expected, the session on the US stock market ended increases. But it was not so obvious, because of the relatively weak data release.
Investors watched Beige Book release. The information it appears eight times a year and this is a report on the current economic situation in the US. It can be read as forecasts of future decisions FED. Formed on the basis of information coming from the twelve regions of the country on current economic conditions.
It says that the main elements of the weakening US economy situation dollar and crude oil. On Thursday, there will be published in this part of the world many macroeconomic information. The highlight will be the heads of regional branches of the Fed. In addition, the cycle will continue to publish financial statements of companies. Praise reports, among others, Citigroup, Mattel, and Goldman Sachs.
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