The ECB left interest rates unchanged and for a long time they are not going to change it, as was expected. The most important, however, was information regarding the purchase of assets. Here extension shall not take half a year, but about 9 months, provided, that the whole program will be reduced from 80 million euros a month to 60 billion euros. In addition, the ECB reported that in the QE program will be bought up from the market short-term bonds in prices lower than the deposit rate. Reaction - the euro firmly down, stock markets up.
Definitely calmly to events in Europe approaching Americans. Sessions on Wall Street began with a continuation of growth in the framework of St. Claus rally. There is no technical resistance in the market, which may lead to the closing of short positions, which may further increase the growth.
An hour before the close of trading on the Warsaw market the WIG20 index was at the level of 1,923 points (+1,81%) and the turnover around the WIG20 index exceeded PLN 1.1 billion, what shows the scale of the capital, which now sweeping over our market. Half of it belongs to the duo of PZU-Pekao, but this relationship is maintained from the very beginning of the session.