Tuesday, June 23, 2015

Warsaw Stock Exchange: Market waiting to see what’s next with Greece. PMI indices Day – Money.pl

2015-06-22 22:46

Stock Exchange: Market waiting to see what's next with Greece. Day PMI indices

Photo: Thomas Brankiewicz / Money.pl

Author: Jacek Frączyk

Tuesday the stock market is a time of waiting on the outcome of the negotiations with Greece. Recent proposals sent on Monday morning, analyze three major creditors, namely the European Commission, the International Monetary Fund and the European Central Bank, and they will soon determine the future of indebted country.

Continued growth from the first day of the week in response to the first signs of a positive outcome of the negotiations depends solely on the decision of the three institutions and the messages they advertised.

In many European exchanges, including Polish and German, gains on Monday were the largest since January 8. On the wave of positive mood, a good excuse to maintain the upward climb may be a series of economic indicators that markets will get to analyze during the day.

The June PMI indices preliminary data, in which your opinion about the industry and services represent managers for the purchasing companies will be announced for the largest economies in the world, namely: Japan (3:35), China (3:45), France (9:00), Germany (9:30), the Eurozone (10:00) and the USA (15:45).

In the case of Germany PMI is expected at the level of industry 51.2 pts., higher by 0.1 points. than a month earlier. Below the equilibrium level of 50 points. It will be PMI manufacturing index France – 49.7 pts. There is expected to improve indications about 0.3 pts., But the forecast still suggests a regression value of the industry. Growth will be PMI manufacturing index the entire Eurozone – is expected to maintain the level of 52.2 points. from the previous month.

Tuesday will bring two important indicators for our commodity companies. China’s PMI is important for copper prices, which achieve in recent days getting lower value, affecting the course of KGHM. Any improved expectations for the industry of the Middle Kingdom can reverse the trend in the prices of this metal.

fuel prices will be influenced by changes while the index of weekly crude oil inventories and gasoline in the United States. The decrease in inventories means that shale oil production in the US decreases as giving impetus upside of oil, limited refining margin both PKN Orlen and Lotos.

As for the Polish company, this Tuesday will be an important day for Shareholders Orange Poland. That day, at the end of which you have to have shares of the company in order to receive the dividend. For the division is 656 million zł, and to a single share carries 50 cents.

Much less money to be divided – a total of 1.7 million zł, or 6 cents will get to perform actions Polmedu shareholders who on Tuesday will have shares of the company.

On Tuesday the transfer of its participation in the profits of the shareholders will receive atend. To pay would be 15 cents per share, a total of 5.5 million zł. Daily turnover on the shares atend rarely exceed 100 thousand. zł and possible allocation of money from the dividend for the purchase of shares would result in a significant increase. Since the beginning of the course atend he gained almost 12 percent.

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