• WSE: Before opening

Market news

15 November 2016

WSE: Before opening

Monday's session in the New York stock markets brought mixed feelings. Grouping the blue-chips DJI (+ 0.11%) ended the session sixth time in a row at historical highs. In the red were the S&P 500 (-0.01%) and Nasdaq Comp. (-0.36%). Morning Asian stock markets behavior indicates a certain calming of the situation in the tense recently situation of emerging markets. Contracts in the US slightly lookup and parquets in Europe should open near yesterday's closing.

For the Warsaw market, a problem can be a depreciating copper and its impact on KGHM. A clear weakening of the Polish zloty, which during our holidays lost value, caused that the WIG20 measured in dollars lost yesterday up 4.7% and went down to the lowest levels since July. The WIG20 measured in PLN is close to the support, but the mood remains negative with the risk of continuity of declines.

The macro data calendar will be plentiful today. We will get a preliminary reading of GDP for Poland, the ZEW index in Germany and retail sales in the US. In the face of a very tense situation, the global information will not be critical, but in the case of larger deviations from expectations could attract attention.

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