• WSE: Before opening

Market news

21 November 2016

WSE: Before opening

We begin a new week, which in the case of the US market will be shortened due to Thursday's Thanksgiving Day. The mood in the morning rather not indicate any significant changes. Contracts in the US gain slightly after a slight decline in the S&P 500 on Friday. Quotations in Asia are mixed, but in China and Japan increases are observed. The dollar remains relatively strong, although we may see another attempt to its slight weakening. It is worth to pay attention to the row material market, where rising prices of copper and oil. Generally, from above mentioned factors comes out a pretty good situation for the Warsaw market.


During today's session we will be announced of important for the local market readings. These will be the data on industrial production and retail sales for October. The market expects a slowdown readings to 0.8% y/y (production) and 4.0% y/y (retail sales). However this will mainly be an impact of seasonal effects (a smaller number of working days). In the case of construction output is expected to remain negative trend (-16.3% y/y). These data will be very important, because the market can see the uncertainty as to the condition of the national economy.


The beginning of the new week in the currency market brings a little stronger PLN, but still on most lists Polish currency is the weakest for several months (except for the USD/PLN pair, where the zloty is the weakest since 2002). PLN is valued by the market as follows: PLN 4.1850 to the US dollar, PLN 4.4324 against the euro. Yields on Polish debt amounts to 3.66% for 10-year securities.

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