• WSE: Before opening

Market news

8 December 2016

WSE: Before opening

Wall Street continues post-election boom. Wednesday's session ended with increases in most indices and the S&P500 and the Dow Jones Industrial set new highs. The next week on Wednesday after a meeting and including new macro forecasts, the message would send the US Federal Reserve. The market is at 100 percent convinced that the federal funds rate will be increased by 25 basis points.

In Asia good sentiment persists, and the only outsider is parquet in Shanghai, despite a surprisingly positive information about trade in November.

Before today's session on the Warsaw market was explained the issues of the sale of Bank Pekao and Raiffeisen Bank Poland. The package of 32.8% of the first one will take over PZU and PFR (Polish Development Fund) at a price of PLN 123 per share. The remaining 7.3% is to be placed by Pekao on the market, what today can have an impact on the listing of the shares of Pekao.

In turn, Alior Bank resigned from the acquisition of the core business of Raiffeisen Bank Poland, which by the Alior's shareholders should be accepted with relief, because there will not be the issue of shares to buy.

The main topic of the day on the international market will be the outcome of the ECB meeting. Investors expect the program to extend QE by half a year, with some modifications to facilitate its implementation.

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