We know the most recent data from Europe. Here is the reaction of the market – Money.pl

European indexes lose their value at the beginning of Friday’s session. But this is not the merit of already published after the start of trading PMI indices. Better-than-expected reading fell because for German industry, which does not indicate the reaction of investors from the stock exchange in Frankfurt am Main.

The PMI index measured for German industry in April was 51.9 points. The result beat the expectations of both, as well as data for March. Forecasts talked about reading at 51 points a month earlier ratio has a value of 50.7 points. It did not improve the mood to investors today who are selling shares. After 90 minutes a session DAX losing about 0.4 percent.

In the red is also the French CAC. The index lost about 0.2 percent. In this case, the loss is, however, somewhat more justified because the initial result of the PMI for the local industry amounted to 48.3 pts., Which is the worst result since August last year. Slightly better moods presented the service sector, which came above the level of 50 points, the first time since January this year.

On the Warsaw Stock Exchange falls primarily affect the segment of large companies. WIG20 lost 0.5 percent, and mWIG40 and sWIG80 record growth. Among blue chips stand out PGNiG. The weakest is the clothing LPP. Today, the company announced an official report for 2015 years. The decrease in profit was year-on-year 27 percent.

Przemysław Lawrowski

the biggest interest on Friday will enjoy readings of PMI indices. Their weight reinforces the fact that they relate to some of the leading economies in the world. In the case of the WIG20 index, the market will still be waiting for the opportune moment to excel.

Negative emotions associated with the decision of the ECB received in Thursday on most European stock markets. This situation improved at the end of the session, but these changes have not been included in the WIG20 index.

Warsaw indicator of blue chips sank slightly after sharp rise on Monday afternoon. The index, however, has created a solid support with a value of 1,930 points. Previously, such a strong rebound seen in the first half of last week.

On Friday, the most important stimulus for the stock market in Europe will be the initial readings of PMI indices for April. About 9:00 we will know the data for the French economy, half an hour later for the German and at 10:00 there will be information about the euro zone. Only in the case of the German services sector is forecast to decline in the index compared to the previous reading. Also, almost all the index to get a result above 50 pts., Which indicates an increase in the economic sector. In this case, the exception is the French industry (49.8 pts.).

Before the start of the session in the Old World met the analogous data from Japan. Preliminary PMI index for the local industry for April was 48 points. That’s about 1.5 points. less than forecast. The market did not care, however, that information and gained 0.4 percent. Corresponding figures afternoon institute Markit Economics will publish for the US economy.

In the afternoon, the Central Statistical Office provided information about the economic situation. This information will not have a major impact on the financial markets. The information will include industry, services, retail trade and construction.

In addition to macroeconomic data on Friday, we will know the company reports. Among the companies listed on Wall Street, reports the praise to Caterpillar, General Electric and McDonald’s. All of these reports publish before the start of continuous trading overseas. In the case of the Warsaw Stock Exchange, after yesterday’s report on PKN Orlen, players have to wait until Monday, when the results will appear in Orange Poland for the first three months of this year.

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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 .