• WSE: Before opening

Market news

3 October 2016

WSE: Before opening

Today we begin another month and quarter in the markets. The beginning of the month means the readings of PMI and ISM in the United States, which is the most important macroeconomic publication of the day.

The markets attention, however, will focus on information relating to Deutsche Bank. On Friday, late in the evening, there were reports that the US Justice Department is negotiating with the bank decrease previously proposed penalty of up to US $ 5.4 billion from the original $ 14 billion. In response the DB shares gained 14% in United States. This information also influenced the positive sentiment on Wall Street, where major indexes rose after approx. 0.8%.

Today, because of the holidays the Frankfurt Stock Exchange will be closed, so we have to wait until tomorrow to find out the sentiment to the DB in home country.

In turn, in Asia the whole week will celebrate the Chinese, but on the weekend there were official PMI data for both the service and industry sectors, which have been well received by investors. Asian markets are dominated by noticeable increases. Also grow contracts in the United States, so in Europe, at the beginning we may expect the dominance of the green color.

On the Warsaw market another "miracle fixing" on Friday this time understated quoting, so some decline on Friday was somewhat artificial and may be made up for today.

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