• WSE: Before opening

Market news

23 June 2016

WSE: Before opening

Finally we have this day, when the British vote in the nervously awaited referendum on staying or leaving the European Union. The referendum started at 8:00 (Warsaw time) and should be completed before 23:00. The first official message has to relate the attendance is expected half an hour after midnight. The first partial results are expected from 1:30 on Friday, where around 6:00 will be already known the result of the 80% of districts. The final result is expected at 8:00 (Warsaw time) on Friday, that is, before the opening of the next session.

The market should be calmer today and wait for the outcome of the vote, with the exception that some of its members may have information about the result earlier than others and this can disrupt the peace places.

The behavior of Asian parquets is balanced, where the Nikkei increases are offset by a worse behavior of other markets, led by a decline in China. Yesterday's session on Wall Street was not too good and ended up with cosmetic drop of the S&P500. In the morning, however, the contracts gain of approx. 0.5% and yesterday's declines are made up for.

The Warsaw market well behaved yesterday, especially banks sector excluding Pekao (WSE: PEO). Today, there is a information about the possibility of sale of the bank Pekao by UniCredit.

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