• WSE: After start on Wall Street

Market news

23 November 2016

WSE: After start on Wall Street

The afternoon reading of data from the US economy surprised positively. The preliminary reading of durable goods orders - an increase of 1 percent - without transportation - can be considered as the good result.

The data on the number of new unemployed surprise at minus, but is mitigated by the fact that the report appears after strong data from the previous week. Data improve the situation of the dollar and the same spoil the situations of our national currency.

The EURUSD pair drops of 0.7 percent, which responses with increase of USDPLN pair by 1.1 percent. The zloty also weakened against the euro - the EURPLN pair is rising by 0.3 percent.

At the opening of trading on Wall Street, the S&P500 index has returned above the level of 2,200 points, although currently we can see slight declines in the US stock indices.

In the Warsaw market the withdrawal of the WIG20 has stopped at the level from the session opening and in Europe is visible attempt to rebuild after finding a local bottom. Our market still underlines visible from the beginning of the week relative strength against the major European parquet.

An hour before the close of trading in Warsaw the WIG20 index was at the level of 1,781 points (+0,35%).

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