• WSE: Before opening

Market news

13 January 2017

WSE: Before opening

Thursday's sessions on the New York stock markets ended with slight declines in the major indexes. At the close the Dow Jones Industrial fell 0.32 percent, Nasdaq Composite went down by 0.29 percent and the S&P 500 lost 0.21 percent. Markets still remain under the influence of Wednesday's Donald Trump press conference, which has not met the expectations of investors.

From the point of view of the European markets this small changes in the indices are positive surprise. When Europe closed the day the S&P 500 lost nearly 1 percent, and close the day giving barely 0.2 percent. We may therefore expect an alignment in Europe, which supports the positive position of the contract for the S&P500.

On the Warsaw market overcome by the WIG20 level of 2,000 points built potential for growth in the region of 2,350 pts., but there were also attempts to profit taking. Market defends itself against a decline under 2,000 pts., however, has not enough power to overcome the region of 2,040 pts.

The impetus for further play likely will flow from the US, where investors will meet today with the first quarterly results. In the plans are among other reports of three major banks. Positive reactions from US investors surely will be noticed in other markets.

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