From the considerable declines started the session on stock exchanges in Europe. The losses also in the case of the WSE reach 2 percent. Negative moods cause, among others, Data from Germany.
As much as 1.2 percent. decreased orders in our western neighbors. It’s a big surprise, because the increase in the previous month by 0.5 per cent., Now the score had to be well in the black. This is one of the factors that discourage the purchase of shares on the Frankfurt Stock Exchange. The German DAX 30 minutes of trading, has lost 2 percent.
Declines quotations affected not only the German market. All of Europe must measure up to the stock sale. Unfortunately, the Warsaw Stock Exchange. Most lose large companies grouped in WIG20. For now, none of the blue chips are not able to resist the negative sentiment.
Most lose BZ WBK, PGE, Enea and KGHM – all in about 3 percent. Only the LPP and Eurocash lose so little that the balance of power has a chance to change in the near future.
Nearly 2 percent. Lotus cheaper papers. On the one hand we have a depreciating oil, on the other flow further information suggesting the change of chairman of the company. At the April 13 meeting of the supervisory board has been established. More on this subject can be found HERE.
Author: Damian Słomski
Second, Japan is still under strong pressure selling shares. In the red they were also yesterday indexes on Wall Street. If this will continue falling crude oil prices, it will be difficult domestic investors to maintain a good mood.
The beginning of the week for the Warsaw Stock Exchange fell pretty good. WIG20 was on Monday, one of the best indexes of Europe, gaining in value of 0.65 percent. Enough to repeat this result to a buyer able to carry out a repeat attack on the barrier of 2,000 points. This is a likely scenario, although it requires the fulfillment of several conditions.
First of all, the buyers of the WSE must favor the environment. Unfortunately, end the session on stock exchanges in Europe does not look too optimistic. For this poor fallen trade on Wall Street – the main indices lost value from 0.3 to 0.5 percent. Any such move is a warning sign of a possible correction increases, which over almost two months amount to 14 percent. Besides, it is similar to the Warsaw Stock Exchange.
Declines on Wall Street include the effect of revaluation of crude oil. A barrel of Brent became cheaper to the lowest level in a month. The market is growing skepticism about the possibility of an agreement on the freezing of oil production by major producers, what contributed to recent statements by the representatives of Saudi Arabia and Iran.
Saudi Arabia freeze levels of oil production, only in this case, if Iran and other major producers choose to do so. Meanwhile, Iran still declares that it will increase production and exports, until it reaches levels of market share, they held prior to the application of sanctions. More on this subject we wrote HERE.
Early Tuesday morning the situation in the oil market seems to stabilize at around 37,5 dollar, though only another hour trading will show what is the balance of power on the market.
surely we can say that the stock market dominated by selling on the stock market in Japan. At less than 2 hours before the closing session, the Nikkei loses value over 2 percent. It’s been 6 consecutive declining session, which brought the index to its lowest level in seven weeks.
The Japanese stock market has its own, independent of other countries problems, so it seems that the quotation does not translate directly to the course of the session Europe. Greater correlation to the indexes of the region with the Chinese Shanghai Composite, which on Tuesday is on the rise around 1 percent. It should be noted that Chinese investors are catching up with yesterday, when the stock market was ruled out for Day of the Dead.
Economic calendar today is not pampered Asian investors. Interesting in this respect should be in session in Europe. We will learn, among others, readings of PMI indices for services. Economists are to them rather optimistic – predicting growth result for the euro zone from 53.3 to 54 points. Added to this are, among others, data on retail sales and in the case of Germany – orders in the industry.
In the second part of the day traditionally, investors shift into the ocean. US Bureau of Economic Analysis will publish balance of foreign trade. We will know the results also indexes PMI and ISM.
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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