• WSE: Before opening

Market news

4 October 2016

WSE: Before opening

Monday's session on the New York stock markets ended with slight declines in the major indexes. At the end of the day the Dow Jones Industrial fell by 0.30 percent and the S&P500 lost 0.33 percent. The investors' attention was yesterday turned on data from the US industrial sector. The final reading of the indicator of activity in the US industry (the ISM) surprised on the plus. The US data strengthened the dollar and weakened the yen. As a result, Tokyo index stands positively on the far east with an increase of almost 1%. The parquet in China is still closed, and other markets are gaining more cosmetically. So if nothing special happens around European banks, it promises to be a quiet day

Today, back in the game are German investors, which is so important that the local Deutsche Bank continues to be mentioned as one of the main factors influencing the mood.

The macro calendar remains empty today and this week the most important will be Thursday's data from the US labor market about the number of new jobs created in non-agricultural sectors in September. The upcoming week, like the previous one, will be also abound in statements by members of the Fed.

On the Warsaw market today it is worth to pay attention to the behavior of PZU shares, the Supervisory Board of PZU Group approved the capital and dividends policy for the years 2016-2020, which provides, inter alia, to allocate the dividend not less than 50 per cent of profit. This is a good signal because of earlier concerns of investors that the dividend could even be suspended.

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