Blow in Pekao. He suffers from the WIG20 – Money.pl

Strong Sale Pekao pulls down trading WIG20. This is the only index in Europe, which clearly loses its value.

The first minutes of trade is a powerful attack supply, which brought the price index of blue chips in the vicinity of 1790 points. This means that nearly 1 percent. decrease relative to yesterday’s close.

To a large extent responsible for this situation corresponds to Pekao. After foreign media reports about plans to get rid of all shares of the bank UniCredit, investors expressed their fears – course flew down almost 5 percent. This is accompanied by a very high turnover – a little over an hour exceeded 100 million zł. For comparison, the second most traded PZU has a turnover of 15 million zł.

Not all companies from the WIG20 lose. Three even gaining more than 1 percent. I beg looks Cyfrowy Polsat (+1.5 percent.). Behind him followed by PGNiG and Asseco Poland.

WSE stands out negatively in comparison with other stock markets in Europe. The main indices are in positive territory. The leader of the French CAC40 (+1.5 percent)., Although much worse the DAX. You can see that investors are not worried at all outcome of the Fed meeting. Optimism awaken for the expectations of easing from the Bank of Japan.

Author: Damian Słomski

The topic number one for markets of financial Fed’s decision on interest rates. But before we will see the message, the center of attention will be the banks of the Warsaw Stock Exchange. Like a boomerang returns on total sales by UniCredit Pekao. In turn, the BZ WBK publishes financial report.

Despite the slight depreciation for companies with WIG20 (-0.6 per cent.) On Tuesday, the situation index is still quite good. Exchange rate remains above 1800 points. This means that 7 percent. up in exactly 3 weeks.

However, there are still about 50 points. downward to close the gap that was formed on the blue-chip index after the announcement of results of the referendum in the UK. It is not much, and such a move is within even in the perspective of a single session. The question is whether this could be just the Wednesday session?

The great optimism does not inspire the course of trade in Asia. Although Japanese Nikkei225 gaining close to 1.5 per cent., But the stock market in Shanghai, we decline on a similar scale.

It seems, however, that the greater volatility in the case of not only the Warsaw Stock Exchange, but the whole of Europe rather not you can count on. Neutral ended yesterday’s session on Wall Street (more on this subject we wrote HERE) and in the same atmosphere, we can look forward to an evening Fed’s decision on interest rates.

This is one of the most important events of the week, but in practice nothing it seems that could end up changing the parameters of monetary policy. This scenario assumes 95 percent. market (by analyzing the trading of futures contracts). Moreover, it is uncertain whether even this year comes to an increase in interest rates at the central bank. The probability of maintaining rates at 0.25-0.5 in each of the months exceeds 50 percent.

So the only thing you can count on what is possible correction of attitude after the Fed’s statement. Everything will be clear after 20:00 Polish time.

On the other data, it promises to be an interesting summary of economic growth in the UK. This is important information from the point of view of the Bank of England, which, in contrast to the Fed’s thinking rather the reduction in interest rates, which seeks to alleviate the negative effects Brexitu. The forecasts assume GDP growth in the second quarter by 2.1 percent. year-on-year.

Greater activity can not expect the NBP and the CSO. Behind slowly kicks off earnings season on the Warsaw Stock Exchange. After yesterday’s slightly weaker than expected as a result of Bank Millennium time for the next representative of the sector – BZ WBK. The shareholders accompanied by considerable uncertainty, which appeared yesterday decline in trading in shares of over 2 percent.

Unexpectedly, the focus will also Pekao. All through media reports (eg Bloomberg) which indicate that UniCredit will, however, wanted to rid themselves of shares in it. Officially, representatives of the Italian bank did not confirm these revelations, but the signal goes in the world.

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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.