• WSE: Before opening

Market news

14 October 2016

WSE: Before opening

Thursday's trading in the US started with a clear declines, which then largely have been limited. Shares were down in response to signals of a possible rise in the cost of money in the US later this year, coming from the minutes of the September meeting of the Federal Reserve. Dow Jones Industrial at the end of the day lost 0.25 percent, the S&P500 fell by 0.31 percent and the Nasdaq Comp. went down by 0.49 percent.

In the afternoon fell crude oil prices. The weekly increase in crude oil inventories in the US was higher than consensus. Inventories rose by 4.85 million barrels, while Bloomberg estimates pointed to an increase of 2 million barrels. In response to the data price per barrel of WTI fell below $ 50 and Brent to around $ 51. But then the price of oil began to rise again.

In the morning the contract for the DAX is higher than the close of the session by the base index and maintain this atmosphere to the opening should give a positive start in the German market and Europe.

Another hours should bring another dose of focus on Wall Street, where it will flow portion of macro data and the results of the three major banks - Citigroup, JPMorgan Chase, Wells Fargo - which readings will dominate early afternoon in Europe and morning in the US.

A lot of confusion around the Chinese economy cast a shadow over emerging markets. Therefore, we must bear in mind the sensitivity of the Warsaw Stock Exchange on the pressure from the core markets. In addition, it must be remembered that the period of publication of quarterly results in core markets may result with technical noise in Warsaw.

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