Publication of industrial economic indexes for the biggest countries in the world ended today at 16:00. The ISM index for US industry, served as the last, disappointed. Weak was a similar index for the Polish PMI.
Listing of the industrial ISM index for the US at 50.8 pts., Against expectations of 51.4 points. and 51.8 points. a month earlier, it is not good news. Much higher than a month earlier was the component of the PMI relating to employment in companies, a worse showing this level of new orders. Soared index projected price levels of industrial ISM – 59 pts., Expected 52 pts ..
Such a weak reading of US dollar weakened against the euro by 0.6 percent. Eurodollar exchange rate at the level of 1,153 occurred recently in January 2015.
The weakening of the dollar, however, an increase in the exchange of goods expressed, including raw materials. Copper prices fell today, however, by what KGHM shares ended the day with a loss of 1.4 percent.
The WIG20 index rose less than ultimately only 0.2 per cent., As WIG, at very low speeds 184 million zł . The structure of turnover shows a large disparity in favor of spadkowiczów, ie. For the amount of 156 million zł rotated in shares of companies inheritance, and for 88 million zł growth, although still an hour before the closing of the session was the opposite.
For the first must eventually PKN Orlen, which in the last half hour of the session lost what is gained before and finally ended the day 0.2 percent decline. Brent crude cheaper today more than dollar per barrel (-1.7 per cent.). The shareholders of Lotos, is, however, pleased (+2.8 percent.) So the reasons are beyond the rate of oil.
In Europe, in spite of good data on the economic situation positive sentiment gradually stygły. The German DAX gained only 0.7 percent eventually. (Allianz increase by 3 per cent. Was decisive), and the French CAC40 0.3 percent. (Orange gained 2 percent.). It decreased in the UK FTSE100 -1,3 percent. (Global financial company RBS -6 per cent. After the loss for the first quarter) and the Italian FTSE MIB -1.0 percent. (Including Banco Popolare -7 per cent.).
As you can see decided by individual companies, and did not help good data on PMI – Italy have it even very good (53.9 pts. And the expected 53 points). , which did not improve the situation on the stock market – banks prevailed.
Interestingly, despite the fact that the publication of the ISM index weakened trading in Europe, the US indices gradually gaining. S & amp; P 500 and DJIA at 0.4 per cent., And the technological Nasdaq 0.1 percent. The Dow Jones leaders are Goldman Sachs (+1.6 per cent.) And McDonald’s (1.2 percent.).
positive opening in the US. Europe gets worse
Jacek Frączyk
Indicators PMI given today by Markit Economics showed that the industry in Europe, took the wind in the sails. It is worse in Asia and the US.
Is the mood of the Union industry influenced the proceedings of the ECB with increased Reprints and negative rates, can improve the situation on the Asian markets, which can be seen at commodity prices, and perhaps both things at once (read more)? … Anyway, these data improved sentiment on the stock exchanges today.
Wall Street opened a slight 0.1-0.2 percentage increases in the major indexes .
The German DAX gained nearly 1 percent., thanks to the good performance of the insurance company Allianz. Net profit jumped by as much as 22 per cent., Due to one-off events and actions grow more than 3 percent.
Other European stock exchanges diversity – French CAC40 gaining 0.2 per cent., And decreases in Italy (FTSE MIB -1 per cent.) and the UK (FTSE -1.3 per cent.).
Italian index lost by nearly 7 percent declines in the two banks: Banco Popolare and Banca di Milano Scarl. In the case of the former, it turned out that the new issue has bought almost exclusively rescue fund Atlanta.
In Warsaw up, though less and less as time goes on. WIG20 quarter of an hour after opening on Wall Street, gaining 0.6 percent. Revolutions are relatively balanced, ie. The advantage is on the side of companies growing – 113 million zł turnover, and companies losing 79 million zł.
The greatest interest relatively shallow market today attracts KGHM (-0.7 percent). , roughly the same as the price of copper. LPP gains today (+3.7 percent)., After the publication of fairly good sales results for April. Investors recovery thus weaker in March.
Still rally takes up shares of JSW (+5.0 percent). MWIG40 with. Prices of coke on the CME already come to 100 dollars per ton, which should give the company breathing. At these levels should come with drawbacks.
Poor PMI data. WIG20 fighting for 1,900 points.
Luke stick
after two hours of trading on the Warsaw Stock exchange WIG20 trying to return to the level above 1,900 points. Investors know about PMI for Polish industry.
today published information about Polish PMI turned out to be significantly worse than earlier forecasts. Current score of 51 points, while forecasts pointed to exceed 53 points. Economists point out that a very significant impact on the deterioration of the results of PMI had a decline in new orders in the industry.
The Warsaw Stock Exchange is happening today little. After a series of declines WIG20 was on the border of 1,900 points and now is fighting to stay above that level. Among the companies in this index, which shares before noon grow most strongly, you can replace the LPP and Asseco Poland.
WSE: WIG20 index below 1,900 points again.
Luke stick
due to the “picnic” trading on the Warsaw Stock exchange will start in full swing ,, ” only on Wednesday. on Monday we can expect low volatility.
the new month of 2016 years, investors begin in quite a bad mood. Just last week, the WIG20 index lost more than 2 percent and was back below the level of 1,900 points. he made a lowest limit of seven weeks – 1.875 points.
During the first session, in may, one should not expect that the mood among investors is clearly improved. You can hardly expect small interest on their part. the market will return only on Wednesday.
Monday elapsed investors marked by the publication of PMI readings in the economies of Europe and the USA. About 9 o’clock we will know the latest news about the PMI industry in Poland. Later in the day will flow data, among others, Germany, France, the euro zone and the USA. In turn, the UK investors are now free.
Much more interesting in terms of published economic data will be the second part of the week. Note the ADP report from the US labor market, which will be announced on Wednesday. According to the forecasts of the private sector in the US he has created in the last month, 195,000 jobs. ADP report is usually treated as an introduction to the labor market data, which will be published on Friday and will involve changes in employment and unemployment in the United States. Everything points to the fact that last month’s US unemployment remained at 5 percent.
In the current situation, analysts do not expect that the US central bank quickly decided to further increases in interest rates. After the last meeting, the Fed said that the bank’s policy supports “further improvement in the labor market and the return to two per cent inflation.” The communication can also read that rates “will remain for some time below levels that – as expected – will dominate in the long term.”
Investors should also note that this week meet Polish Monetary Policy Council . Its decision will be announced on Friday. There is no indication, however, that the MPC would change the level of interest rates.
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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