Stock exchanges in the United States ended Wednesday's session with increases, which leaders were financial and fuel companies. The Dow Jones Industrial at the end of the day gained 0.62 per cent and the S&P500 rose by 0.43 per cent.
Once better ISM data for both industry and services sectors, increases the probability of the December interest rate hike in the US. There are also speculations that the ECB may intend to reduce and end the asset purchase program. Such a tightening of monetary policy in Euroland would be a big surprise. Hence, probably yesterday's weaker performance of European indices, although not as weak as we would expect.
The macro calendar does not contain today's important information and investors already are waiting for tomorrow's monthly data from the US labor market.
In the morning Asian markets are dominated by small increases but contracts in the US cosmetically go down. This may mean a neutral sentiment in early European trading.
Also on the Warsaw Stock Exchange this week so far recorded positive, although largely due to the force of the specific entities (PZU and LPP) and not the market as a whole. Yesterday the WIG20 index even managed to go beyond the level of 1,750 points, but the proximity of the maximum from September 22 reduced the scale of increases