On the WSE week passed if it was not – Money.pl

From the point of view of the WIG20 index last week in the stock market as if it was not. Friday ends at a similar level as the week before.

Last week so sluggish on the WSE had in February when WIG20 rose by 0.2 per cent., And earlier in … August 2015 r. (+0.1 percent.). In both cases, followed a week later stronger (1.6-1.8 percent). Increases. Is in this case will be the same? We’ll find out soon enough, though upward movement at the end of the session may suggest such a scenario.

The highlight of the week was with us GUS data and results of PKN Orlen. On Monday, we had data on the labor market and on Tuesday the data of industry and information on retail sales – important indicators that make up the GDP.

While both the data on wages and employment were better than expected, it Tuesday’s figures have been disappointing. A slight decline in sales and production it was a surprise. Read more.

At the end of the week you have to admit that GUS little reward bad news, showing that the economic situation in all sectors of the economy improved significantly. In addition, the increasing capacity utilization may suggest that the investment will commence. Read more.

startled by investors while the quarterly results of PKN Orlen. Revenue fell by 19 per cent., And profits by 61 percent. Net profit 336 mln zł is well below the worst forecasts of analysts surveyed by ISBNews (413 million zł). Read more. No wonder that in the last two days of the week the shares were losing 2-3 percent.

Mitsubishi Rally down. Company car in the spotlight

During the week, the data for the first quarter have published many of the giants of the world economy, but all Mitsubishi tarnish information about the counterfeit test the economic engines of more than 600 thousand cars. During the last three days of the week shares of the producer fell by 42 percent. The scandal rinsed with exchange 354 billion yen ($ 3.2 billion), capitalization of the company.

The solution similar mishaps last year, was awarded for Volkswagen. His actions during the week increased by 9.2 percent. the information that it has reached an agreement with US authorities on repair or repurchase of 500,000 cars, which is expected to cost the producer of at least 10 billion dollars.

At the end of the week joined a series of messages from the car market, Daimler, which does not rather, it is also to be threatened studies emission diesel engines, it still gave information that its operating profit fell in the first quarter by 9 percent.

it is not surprising that week was for the index Frankfurt Stock exchange DAX declining . German shares are cheaper by 0.7 percent.

Much worse fared shares Islands – FTSE100 fell by 1.2 percent. a little better in France – CAC40 lost 0.4 percent. and Italy – the FTSE MIB fell 0.2 percent.

Over the United Kingdom specter Brexitu. In two months there will be a referendum to withdraw from the Union and each subsequent survey sets the mood on the stock market and the currency market. After three polls with a majority Unionist hit today one of the predominance of separatists (44 per cent. To 43 per cent.) … And we have a bigger declines than other European bourses.

Japan center attention

in the next week to Japan will be the center of attention of international capital. Scheduled for April 27-28 meeting of the Bank of Japan is by today’s reports from Bloomberg bring rate cuts. It is possible that the central bank will not even have to pay extra to the banks took from him a loan – in terms of these loans, which are directed to investments aimed at the liquidation of natural disasters.

Japanese Yen on Friday lost to the euro nearly 1 percent ., and the dollar 1.1 percent. but the stock market has gained. A weak yen has Japanese exporters, who are the backbone of the economy and, therefore, within a week Nikkei225 index increased by 4.3 percent.

Results of the giants in the US

You have the ocean quarterly earnings season in full swing. Details good intertwined with the weak, although the latter was more.

The good include the profits of IBM, Intel, McDonald’s, General Electric, and General Motors. List of weaker results is wider: Pepsico, Morgan Stanley, Philip Morris, Goldman Sachs, Coca-Cola, and finally Google and Microsoft. Weakening this year, the dollar rebounded as you can see on the results of international concerns.

Friday while Wall Street is declining, ie. They lose all the major indexes, but on a scale week after the “red” side is the only index of technological Nasdaq ( -1.2 per cent.). This is not surprising, given the weaker of the two largest industry technology. The broad market index S & amp; P 500 rose while this week by 0.1 percent.

Series PMI little changed

At the end of the week Markitt Economics presented are a series of pre-April PMI indices for industry and services. Poorly falls recent industry for Japan (PMI manufacturing 48 pts. And the expected 49.5 pts.), It is better in France (48.3 pts. And the expected 49.8 pts.). Worse-than-expected in April, dropped out USA (50.8 pts. And the expected 51.8 pts.), But there just greater esteem has for the ISM. Fared better while Germany (51.9 pts. And the expected 51 pts.).

This data may be an additional reason for declines at the end of the week, although investors much more recently interested in the matter easing of monetary policy by the ECB, the Bank Japan.

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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.