• WSE: Before opening

Market news

7 November 2016

WSE: Before opening

We start the new week, which for the Warsaw market once again will be shortened by one day due to the Independence Day on Friday. Furthermore, the second week of the month is known that the macroeconomic calendar is relatively empty, and its beginning goes further under the influence of Friday's report from the US labor market. Now it will be a little different, because of the Tuesday's US presidential election, which for several days very clearly attracted the attention of investors and thus overshadowed Friday's data from the US. The very opening week runs anyway quite rapidly because of the new election topic in the form of information from the FBI that there will be an investigation into the emails Hillary Clinton. The head of the agency, which last Friday reopened the case last night said that after examining new evidence, there is no basis to bring charges to Clinton. It is of course positive for the Democrat candidate, leading to market the reaction in the form of gap openings. Strongly reinforces the Mexican peso, weakens the dollar and bonds, gain shares and contracts for US indices. Therefore the morning mood is already set and the growing gap in opening in Europe and on the WSE virtually assured.

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