• WSE: Afternoon comment

Market news

11 October 2016

WSE: Afternoon comment

In the morning we met the reading of the German economic sentiment index (ZEW), which rose in October to 6.2 points versus 0.5 points a month earlier. Analysts expected 4 point. Thus, the data performs well, although this should not be surprising in light of the previous very good read of the Ifo index. These data go unnoticed in the market, because nothing did not bring any new to the situation.

In the first half of trading the Warsaw market again weakened against the major European indices, which maintain the levels of neutral.

Weakens also the Polish zloty against the dollar. The Polish zloty, with a daily decline of 0.7 percent against the US currency is on Tuesday one of the weakest currencies of emerging economies.

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