• WSE: Before opening

Market news

18 August 2016

WSE: Before opening

Yesterday's session on Wall Street ended with small increases, and today in the morning looks good most Asian stock markets. The only exception are the declines in Tokyo, due to the strong yen. It is necessary to mention about published last night minutes of the last FOMC meeting. Some of the members of the Fed's Open Market Committee expect that soon they will need to hike rates, but in the Committee there is a general consensus that before taking such a decision some additional data will be needed. The protocol has been received as a conservative, as indicated by the decline in the dollar, the rise in stock prices, and declines in bond yields.

On the Warsaw market the results of companies will be important today. Results of KGHM (WSE: KGH) at the net level was disappointed. Slightly better was Tauron (WSE: TPE), although the company said earlier estimate of its results. Worse-than-expected results was announced by JSW.

There are the information about the next banks that KNF wants to consider as systemically important institutions and impose additional buffer. This time it comes to the Millennium (WSE: MIL), mBank (WSE: MBK) and Raiffeisen Bank Poland (not listed on the WSE). Local factors do not seem to be supported, although improvement in global sentiment should result in stopping developing of three days correction.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.