on the Warsaw Stock Exchange on Monday even for a moment zagościło a rebound after Friday’s declines. Investors still get rid of action, among others, financial institutions.
In the wake of the news of Brexit by European parquet wave passes falls in prices of banks. The biggest sales touches the institutions listed on the London Stock Exchange – on Monday banks such as Royal Bank of Scotland and Barclays lost again after several percent. Record low cost are also eg. Shares of Deutsche Bank. No wonder that in Poland the banking sector was the leader falls on Monday – also can mention the recurring fears that Brexit and strengthening of the franc make again strengthen the discussion on conversion loans frankowych. And that is not conducive to quotations of banks on the Stock Exchange.
The main indexes of the Warsaw Stock Exchange ends so Monday’s session on a considerable cons, which still may be linked to the greatest extent with the concerns that arose after the results of a British referendum. Also on the New York Stock Exchange trading on Monday began with a big repricing major indexes.
Brexit still haunted. Banks heavily down
Przemysław Lawrowski
In addition to the next section of Brexitem starring much happens on Monday in the markets. Investors are selling shares due to concerns about the fate of Britain, because, as it turns out, the process of starting the state structures of the EU may not be simple.
Morning data on money supply gave the ECB . It rose on a monthly basis by 4.9 percent year on year. The topic Brexitu should pay attention to the words of the head of the Scottish Government, which stated that the consent to Brexit requires the approval of the local parliament. Heavily on the pound also lost, as reported HERE.
Declines in European indices halfway through the session deepened compared to the situation in the first minutes of trading. Already 2 percent of the German DAX lost. In turn, more than 1.5 percent minus the French CAC and Spanish IBEX.
The Warsaw Stock Exchange also seen declines. WIG20 lost 1.7 percent. One of the weakest companies are Pekao, which reported that they take into account the negative LIBOR loans frankowych, and give customers the overpaid amount. The bank’s shares are currently losing more than 2 percent. The same declaration was made BPH. In the case of this bank shares is close to Friday’s closing level.
The risk associated with the loans frankowymi also indicated analysts DM Vestor. They lowered the valuation of mBank to the level of 293 gold and recommend the sale of the company’s shares. Banks are the weakest sector on Monday quoted on the Warsaw Stock Exchange. WIG-Banks index lost 2.8 percent.
Declines in stock markets declined, but remained about Brexitu
Przemysław Lawrowski
Indexes followed in the footsteps of Asian markets which exercised on Monday quite well. The red is the most European stock markets, but the scale of decline is slightly less than on Friday, when the market learned the results of the referendum in the UK.
After an hour session, most British FTSE100 lost. The scale of depreciation does not, however, exceed the value of 1 percent. About 0.5 percent of the lost French CAC and German DAX goes down by 0.2 percent. Engage him, therefore, that in comparison to what has happened in the markets on Friday, the start of a new week is much calmer.
A similar scale of changes presents WIG20 index, which lost about 0.9 percent. The same can not be said about mWIG40 and sWIG80. Indicators of small and medium-sized companies noted for growth.
However, the situation began to deteriorate after 10:00. Less than 30 minutes later WIG20 lost already more than percent.
Morning cope well energy company Enea and Energa. Hard up goes well Eurocash. Among medium-sized companies should pay attention to the CCC. The company announced the founding of the company in Serbia, so that the distributor of shoes will be able to start their businesses there.
Morning information on the economic situation in Poland, published Bureau of Investment and Economic Cycles. The market conditions index lost 0.2 points in June. compared to the data for May. Experts point to stabilize the growth of the economy.
The growth in Asia is unlikely to help the markets in Europe
Przemysław Lawrowski
After a large Friday devaluated caused by the decision of the British exit from the European Union structures, appeared on the horizon the first green color. On Monday, “the dash” managed to leave the main indexes in Japan and China. European hardwood floors can still, however, remain under pressure Brexitu.
On Friday, the WIG20 index lost 4.53 percent of being placed at the level of 1,769.67 points. At the end of the session the largest decline could boast the construction sector and banking. WIG and WIG-CONSTRUCTION-BANKS lost about 5 percent. Among blue chips most zniżkowała clothing LPP and mBank and Alior Bank.
In Western Europe, the situation was even worse. More than 8 percent of the lost Euro Stoxx 50 index and the French CAC. The nearly 7 percent went down the German DAX.
The effects of a British referendum results will be felt on the markets for at least another few days. A large role in shaping market sentiment can play EU leaders (excluding the UK), who on Monday will meet on Wednesday to discuss the current situation. Meeting with the leaders of countries with David Cameron is to be held the day before. In the meantime will appear in their comments in the media, which also affect the markets.
In the following days should gain in value of German and US bonds, because investors are pulling capital from the stock market will want to go invest in a safe site. The same applies to gold, which on Monday morning continues to rise and now costs $ 1,330 with an ounce.
On the issue of Brexitu quickly otrząsnęły the Asian stock markets. At the start of the week the Nikkei gained more than 2 percent and the Shanghai Composite went up by more than 1 percent.
On Monday there will be a lot of macroeconomic publications that could distract investors from Brexitu. About 9:00 we will know the economic situation BIEC leading indicator for the Polish economy, and at 10:30 reading changes in the money supply in the euro zone in May. In the afternoon appears while preliminary reading of the PMI index for June, for the US services sector. In the evening (19:30) is scheduled to occur Mario Draghi, the head of the ECB. Perhaps He will present his assessment of the current situation.
This week should also be given to Tuesday’s release of the final reading US GDP, Wednesday speech the head of the Fed, and Friday’s final readings of PMI indices for the industry, for the major economies of the world.
The above text is an expression of personal views and opinions of the author and should not be construed as a recommendation to buy or sell securities.
No comments:
Post a Comment