• WSE: Before opening

Market news

29 September 2016

WSE: Before opening

The main event that has affected the behavior of the market after yesterday's close of trading on the Warsaw Stock Exchange was the message that the OPEC countries reached an agreement to reduce oil production in November. As a result, oil began to be more expensive in the US market. The agreement was a big surprise, because the markets were not expecting this turn of events after previous reports.

This information was supported for oil companies in the US and later in Asia. As a result, the S&P500 index rose yesterday by 0.5%, and this morning in Asia brings the continuation of better moods with the increases exceeding 1.4% for the Japanese Nikkei. Contracts in the US in the morning continue to increase in value.

Improving of global sentiment after the OPEC decision should translate into growth in Europe, which are also expected after yesterday's calm confidence about the banking sector in the Old Continent.

On the Warsaw market may be important information on changes in the government, where the post was lost by the Finance Minister, and its powers took Mateusz Morawiecki (Deputy Prime Minister). Information slightly positive.

The more important the information is attributable today, the first day of trading without dividend for PKO BP and PZU. The negative impact on the WIG20 is respectively 0.54% and 0.75%, which in total can reduce the main index up about 1.29%.

Market Focus
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