The situation on the stock markets still control selling shares, although the afternoon WIG20 managed to pare some losses. The competition stands out the British stock market, which welcomed should adopt the latest macro data.
Growth in the UK was in the fourth quarter of 2015 years of 2.1 per cent. This is a positive surprise, considering the expectations of analysts talking about GDP growth of 1.9 percent. After the publication of a slight recovery can be seen on the British stock market, which has lost less than 0.5 percent. It is in the face of the general weakness of demand one of the best results in Europe.
For comparison, the French CAC40, the Spanish IBEX and Italian FTSE MIB lose more than 1 percent. Our blue chips behave like most German companies that are in the red of about 0.7 percent.
The topic did not bring anything Eurostat data on inflation in the euro zone. In line with expectations and previous reading, the index took a negative value of 0.1 percent.
In the morning WIG20 not much has changed. Still before the larger decline in trading index arms Asseco, gaining more than 2 percent. PGNiG, BZ WBK and Tauron are much weaker. The greatest burden is Pekao. The bank’s shares 2.3 percent cheaper. Erasing a large part of the increases in earned yesterday.
Looking more broadly at the Warsaw Stock Exchange noteworthy quotations Medicalgorithmics. More than 20 per cent. the increase can not boast of any other company from the Stock Exchange. It’s a reaction to the information about taking control of the US company Medi-Lynx Cardiac Monitoring. More on this subject we wrote HERE.
Poor opening day on European bourses
Author: Damian Słomski
From the revaluation of shares in the biggest companies started Thursday’s session on the Warsaw Stock Exchange. In the worst mood are also investors from other European bourses.
The WIG20 index is moving away from 2000 points. After 30 minutes of trading exchange rate fluctuates around 1985 points, a decrease of 0.5 percent.
The decrease in quotations, among others thanks profit taking on shares of Pekao, which yesterday stood out among the blue chips. More than 2 percent. loses too PKN Orlen, which coincided with a more pronounced drop for crude oil on the global markets.
In this harsh environment characterized by securities Asseco Poland, which gain in value of nearly 2.5 percent. Price is approaching to 60 zł, which already is the best result of information the group since July last year. Just behind the Asseco group Orange (+1.7 percent.). In this case, the struggle for piercing the psychological barrier of 7 zł per share.
The negative balance of domestic blue chips is not unusual when you look at what is happening in Europe. From the morning the most important indexes depreciating from 0.5 to 1 percent.
slowly flow down the first macro data. Inflation in France a month-to-month jumped more strongly than expected (read: 0.7 percent .; forecast 0.5 per cent.), Which does not change the fact that in a year where we have to deal with deflation (-0.1 percent . by HICP). It’s still very little compared to Spain, where preliminary data say about the price drop of 1 percent.
WIG20 in 2 months 20 percent. positive. What’s next?
Author: Damian Słomski
It may be difficult to repeat the great result of Wednesday’s session on the Warsaw Stock Exchange. Indolent course of trade in Asia and falling oil prices may inhibit the aspirations of buyers from Europe. The focus will be data on inflation of the largest economies, including Polish.
Just a fraction of a point away WIG20 index from piercing the barrier 2000 points, unbeaten since November 23, 2015 year. Perhaps the buyer will want to have at the opening fight of the completion of this level, which is of great psychological importance in the context of further increases. Otherwise, it is possible to profit-taking – from January WIG20 gained almost 20 percent.
Even if investors WSE go with the flow and trading will start on Thursday in positive territory, rather vain hope for as good session as Wednesday . This suggests environment. Wall Street indexes closed the day much less impressive than it did in Europe. On the other hand, more or less to zero out the balance currently trading on stock exchanges in Asia.
Further down the sinks to a rate of crude oil. Early morning trading on the stock exchange in New York, falling more than 1 percent. below $ 38 per barrel. About $ 2 more costs Brent, taniejący 0.8 percent.
Shortly lasted so pleased investors yesterday published data on fuel inventories in the United States. Recall that although increased, but only by 2.3 million barrels against a forecast of 3.1 million. A week earlier, the growth reached 9.4 million barrels.
Another hour elapsed, among others, Data on inflation, which publish the most important European economies. These will include aggregated data regarding the Eurostat index for the whole euro zone, which analysts say will again be negative. The forecasts assume a decline in prices year-on-year at 0.1 per cent., But after yesterday’s better than expected as a result of inflation in Germany may be different.
About 14:00 similar data present CSO. Rather, there is no doubt that the reading will be deflationary. This status remains almost 2 years. Unknown, however, is the scale of decline in prices per annum. Consensus expects to maintain momentum from a month ago, or 0.8 percent.
It should also follow news from the UK. Today, public speech Mark Carney, Governor of the Bank of England, as well as the final GDP reading for the fourth quarter. Then there are US data on applications for unemployment benefits. This again this week reading speaking on the condition of the labor market for the ocean, but what is important – not the last. Tomorrow, the icing on the cake, or report the Bureau of Labor Statistics.
the above text is an expression of personal opinion and the views of the author and should not be construed as a recommendation to buy or sell securities.
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