• WSE: Before opening

Market news

24 June 2016

WSE: Before opening

Thursday's session on Wall Street ended with increases of indices, but this morning it does not matter.


Friday morning trading on financial markets brings a crash due to the fact that preliminary results of the referendum in the UK indicate Brexit.


The effects may be seen most strongly in the currency market, where the pound against the dollar has lost about 5 percent and was at the lowest level for more than two months, the euro lost against the dollar 4 percent. The Polish zloty going through hard time, the dollar strengthened by 7 percent, while the euro by 3.5 percent.

Nikkei index loses 8 percent, futures on the DAX lost even nearly 9 percent, and the contract on the S&P500 going down about 5 percent. Gold increases by 6 percent, and oil drops by 6 percent. Escape from risk is broad, and if the final results of the referendum confirm the estimates, is actually the result of European session is doomed.

In short, this day promises to be nervous and does not appear in this field greater relief.

Looking at the Warsaw market, the decline of the WIG20 by a few percent seems obvious. In the following hours the Warsaw Stock Exchange will have to move in the shadow of other indices and the mood in the world will determine the outcome of the day. If Britain really comes out from the European Union, it will be an unprecedented event, and to refer to the models from the past do not actually make sense.

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