Worse and worse situation on the stock exchanges. WIG20 sank every hour more and more down, losing the advantage elaborated in the last two days.
There are only three blue-chip defends himself before descending into line. Speech by Eurocash, Tauron and Pekao. The bank’s shares even three hours ago prices rose 1.3 percent .. Now booster is more than halved. Strong bonds lose their edge, and the weaker ones go down to even lower levels. Cyfrowy Polsat and KGHM are already 2 percent. in the red.
Discount mainly affects large companies. Balance for smaller, grouped in mWIG40 and sWIG80, goes more or less zero. Among them we find such a gem such as ZE PAK. The company is gaining in value of almost 15 percent. There is no better securities on the Stock Exchange, taking into account those with a turnover in excess of 100 thousand. zł.
The declines observed across Europe. Chance to improve the situation, did not give the publication of data on foreign trade in the euro area. The balance was much worse than expected (read: 20.2 billion euro forecast: 21.9 billion; previously 20.8 billion).
We still have a couple of interesting reports from the US that have a chance to change image on the market. Looking at the trading index futures on Wall Street you can see, however, that the great enthusiasm for buying of shares to local investors or not.
Exchange weaken at the end of the week
Author: Damian Słomski
Just as during yesterday’s session, the indices of the Warsaw Stock Exchange starts at the red light. Declines observed at other European stock exchanges.
After the first hour of trading in Warsaw WIG20 is about 0.2 percent. under the dash. Exchange rate fluctuates around 1945 points. In general, we are dealing with a small variation. Only the LPP clearly lost more than 2 per cent., Although at modest speeds. On the plus is only 6 blue chips. The leaders are Pekao and mBank, gaining about 1 percent.
The advantage of selling shares marked also on the stock exchanges in Frankfurt and Paris. Declines in most are close to 0.5 percent.
In this way, we have a smooth transition from the Asian session on Europe, where despite the low volatility index, has happened a lot. First of all, talking about data from China, which has fared pretty well. The more that previous publications have become accustomed to a completely different reception.
Asia in negative territory, despite the good data from China
Author: Damian Słomski
From China at the end of good information flow. Positively surprising GDP data, production and sales. This should be a strong argument in the hands of buyers, but at the moment the stock exchanges in Asia, there is a slight pessimism. Irrespective of the Friday session, the whole week already rather can be considered quite successful.
Before the last session of the week the situation on the Warsaw Stock Exchange looks very good. WIG20 on Thursday continued to rise, gaining in value about 0.4 percent. Thus, the balance of the last four days is more than 1.5 percent. the black and nothing to show you that the buyer could squander the advantage.
A strong booster after last week’s big devaluated a signal that lasts from the second half of January the bull market has not yet come to an end, a puncture 2,000 points. WIG20 is just one of the stops.
The pretext for extending the earned so far advantages could be surprisingly good data flowing from the wound from China. Growth second largest economy in the world amounted to 6.7 percent. per year. Quarter-on-quarter GDP increased by 1.6 per cent., Compared to the projected 1.5 percent. For the industrial production in the Middle Kingdom increased by 6.8 per cent., Where the expected 5.9 per cent., While retail sales increased by 10.5 percent. against the projected 10.4 percent.
Unfortunately, markets do not always work in a simple way and in spite of good data on the Chinese stock market does not see too much optimism. Shanghai Composite Index after 6:00 Polish time loses value of about 0.3 percent. If we add to this the fact that after a series of increases shortness of breath caught investors from Japan, it makes us a worrying situation in the context of the opening of the European markets.
Neutrals are, if crude oil prices, which is maintained in the vicinity of the reference level. In the case of Brent barrel costs less than $ 44. It should also remind you of a draw as a result of the session on Wall Street. The balance of trading on Thursday came out almost exactly zero.
With a little more volatile should have to deal with in the next hours the Friday session. Before us some interesting publications, including readings NY Empire State index and the University of Michigan, industrial production growth and the inflow of capital to the United States. The results also cites, among others, Citigroup.
Earlier calendar “European” does not spoil. In fact, the only worthy of observation information will be the balance of foreign trade in the euro area. Publication is scheduled for 11:00 am.
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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