• WSE: Before opening

Market news

24 November 2016

WSE: Before opening

Wednesday's session on the New York stock exchanges has brought little changes, but the Dow Jones, which at the end of the day increased by 0.31 percent to 19 083.76 points, reached the highest level in history.

Today's session due to the Thanksgiving holiday in the US should be reasonably calm. There is also no important reports in the macro calendar today.

The behavior of the Asian parquets in the morning is slightly downward. It stands out only the Japanese Nikkei, but this is due to the need to make up for the lack of yesterday's trading. Most parquets in Asia are slightly losing value. We may see continuing rise of metals prices, despite the persistent strength of the dollar. The same this morning copper gained another 2% and should support the behavior of such companies as KGHM.

In the case of the Warsaw Stock Exchange the yesterday's good behavior, in contrast to the weakness of Western Europe, was a big plus. The WIG20 index reached the area of 1,800 pts., which might have to tone down the appetite for growth. We approached the levels where previous waves of growth turned away, and the session without Wall Street does not serve growth solutions.

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