• WSE: Before opening

Market news

13 April 2016

WSE: Before opening

Tuesday's trading on Wall Street was the first day on which the investors would move their attention from the macro data and the currency market on the condition of the companies. Border point was the quarterly report of the company Alcoa, whose results traditionally considered to be the beginning of the publication reports season. Aluminum producer posted figures that were better on the level of profit, but showed a drop in revenues. The company's shares have lost more than 2 percent yesterday.

On the other hand, the behavior of the market of raw materials, where the rise in oil prices and metal parts supported bulls, led to the situation that all US indices ended the day with increases.

Futures for US indices are traded now about 0.6 percent higher than during yesterday's finish in Europe and a similar rise can be expected at the openings of session eg. in Frankfurt. Additionally the Nikkei index rose by almost 3% due to the weakening of Yen.

In the following hours the attention of investors should be focus on Wall Street, where the results of JP Morgan will be announced today.

It must therefore be assumed that morning in Europe will adjust the valuation to yesterday's session on Wall Street and consolidate in anticipation of what will appear in the United States.

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