• WSE: After start on Wall Street

Market news

8 September 2016

WSE: After start on Wall Street

Behind us the press conference after the ECB meeting. The communication of the ECB announced that it does not change any parameters of their policies. Interest rates remain maintained, as the scope and duration of the purchase of assets (that is, to March the next year). This was a slight disappointment, which causes the strengthening of the euro and the weakening of the DAX-a.

At a press conference on the direct question whether during the meeting was discussed the extend of the asset purchase program, Mario Draghi denied. This negative answer was not quite a big surprise, but caused a clear deterioration in sentiment in the markets.

The market in the United States began a decline of 0.2%, which was obvious growing. This is to some extent due to the disappointing words of the head of the ECB. However ECB policy impact is greater in Europe and here the market effect is also greater. The WIG20 index an hour before the close of trading falls by 0.85%.

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