(raw materials / closing price /% change)

Oil 45.34 +0.15%

Gold 1,278.20 +0.37%

(index / closing price / change items /% change)

Nikkei 225 16,251.54 -919.84 -5.36%

Shanghai Composite 3,128.77 -19.12 -0.61%

S&P/ASX 200 5,156.56 0.00 0.00%

FTSE 100 6,911.84 +68.71 +1.00%

CAC 40 4,543.48 +66.59 +1.49%

Xetra DAX 10,646.01 +163.69 +1.56%

S&P 500 2,163.26 +23.70 +1.11%

Dow Jones Industrial Average 18,589.69 +256.95 +1.40%

S&P/TSX Composite 14,759.91 +103.07 +0.70%

(pare/closed(GMT +3)/change, %)

EUR/USD $1,0909 -1,07%

GBP/USD $1,2405 +0,20%

USD/CHF Chf0,9843 +0,33%

USD/JPY Y105,66 +0,47%

EUR/JPY Y115,25 -0,57%

GBP/JPY Y131,06 +0,68%

AUD/USD $0,7633 -1,65%

NZD/USD $0,7277 -1,47%

USD/CAD C$1,3422 +1,01%

00:00 Australia Consumer Inflation Expectation October 3.7%

00:10 New Zealand RBNZ Governor Graeme Wheeler Speaks

00:30 Australia Home Loans September -3% -2%

06:00 Japan Prelim Machine Tool Orders, y/y October -6.3%

07:45 France Industrial Production, m/m September 2.1% 0%

07:45 France Non-Farm Payrolls (Preliminary) Quarter III 0.2% 0.2%

13:30 Canada New Housing Price Index, MoM September 0.2% 0.2%

13:30 U.S. Continuing Jobless Claims 2026 2030

13:30 U.S. Initial Jobless Claims 265 260

14:15 U.S. FOMC Member James Bullard Speaks

19:00 U.S. Federal budget October 33 -80

21:30 New Zealand Business NZ PMI October 57.7

Major US stock indexes rose on Wednesday, offset by large losses overnight, fed by the US elections. Positive market growth has made sectors that are willing to benefit from the presidency of Donald Trump.

For markets Trump victory was quite unexpected, since the race was considered the favorite, Hillary Clinton, seen as more predictable candidate. Trump position in matters of foreign policy, trade and immigration, on the contrary, is a source of concern for the markets. In his victory speech Trump promised to improve the state of the American economy and seek dialogue and partnership with other countries.

In addition, as it became known in the US wholesale inventories in September rose slightly less than previously reported. As reported on Wednesday, the Ministry of Commerce, inventories rose by 0.1% during the month. The monthly report of the Ministry of economic indicators, published last month, estimated that wholesale inventories rose 0.2% in September, as well as economists forecast.

Oil has moved into positive territory after earlier fallen by almost 4% in response to the unexpected results of the elections in the United States. The market has a gradual improvement in investor sentiment, as well as mixed data on US petroleum inventories. Analysts said although Trump victory strengthened concern about the future of economic growth and demand for oil, there is also support oil factors, such as potential changes in US policy toward Iran. US Department of Energy reported that crude oil inventories rose more than expected, but decreased stocks of gasoline and distillates. According to the report, during the week of October 29 November 4, oil stocks rose 2.4 million barrels to 485 million barrels. Analysts had expected an increase by only 1.33 million barrels.

Most DOW components of the index closed in positive territory (20 of 30). Most remaining shares rose Pfizer Inc. (PFE, + 8.58%). Outsider were shares of The Procter & Gamble Company (PG, -1.66%).

Most of the S & P sectors recorded increase. The leader turned out to be the health sector (+ 3.9%). Most utilities sector fell (-3.0%).

At the close:

Dow + 1.40% 18,588.90 +256.16

Nasdaq + 1.11% 5,251.07 +57.58

S & P + 1.11% 2,163.25 +23.69

Major U.S. stock-indexes rose on Wednesday, rebounding from stunning overnight losses fueled by the U.S. election as sectors that appeared poised to benefit from a Donald Trump presidency led the charge. After tremendous losses in the overnight session, the Dow and S&P 500 briefly turned positive shortly after the open. Strong gains in the heavily weighted healthcare sector and financials kept the market within striking distance of the unchanged level.

Most of Dow stocks in positive area (19 of 30). Top gainer - Pfizer Inc. (PFE, +0.80%). Top loser - UnitedHealth Group Incorporated (UNH, -2.12%).

Most of S&P sectors also in positive area. Top gainer - Healthcare (+3.2%). Top loser - Utilities (-2.4%).

At the moment:

Dow 18441.00 +156.00 +0.85%

S&P 500 2151.50 +16.00 +0.75%

Nasdaq 100 4807.25 +5.00 +0.10%

Oil 45.55 +0.57 +1.27%

Gold 1278.10 +3.60 +0.28%

U.S. 10yr 2.02 +0.16

Polish equity market closed higher on Friday. The broad market measure, the WIG Index, added 0.18%. The WIG sub-sector indices were mainly higher with materials (+5.50%) outperforming.

The large-cap stocks' measure, the WIG30 index, surged b y0.36%, helped by a significant gain by copper producer KGHM (WSE: KGH). The stock climbed by 8.07% as copper prices rose to a fresh one-year high, following a victory for Donald Trump as investors expect that his presidency would stimulate the U.S. economy. Other major advancers were telecommunication services provider ORANGE POLSKA (WSE: OPL), genco ENERGA (WSE: ENG) and bank MILLENNIUM (WSE: MIL), advancing 3.05%, 2.06% and 1.93% respectively. On the country, oil refiner LOTOS (WSE: LTS) and were two chemical producers GRUPA AZOTY (WSE: ATT) and SYNTHOS (WSE: SNS) were the biggest decliners, tumbling by 2.7%, 2.65% and 1.75% respectively.

Gold futures soared Wednesday mornig after the shock election of upstart GOP nominee Donald Trump, a political outsider who vows to shake up Washington.

December gold was up 70 dollars to $1337 an ounce, having topped $1315 overnight as the world reacted to the U.S. vote but than an almost complete retracement took place.

Stock futures plunged 800 points at one point, but are holding steady down about 240 points right now.

The dollar, which also struggled in the immediate aftermath of Trump's win, has also stabilized and is little changed at $1.095 versus the euro.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.4 million barrels from the previous week. At 485.0 million barrels, U.S. crude oil inventories are near the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 2.8 million barrels last week, but are well above the upper limit of the average range. Finished gasoline inventories increased while blending components inventories decreased last week. Distillate fuel inventories decreased by 1.9 million barrels last week but are well above the upper limit of the average range for this time of year. Propane/propylene inventories fell 1.3 million barrels last week but are near the upper limit of the average range. Total commercial petroleum inventories decreased by 7.0 million barrels last week.

The U.S. Census Bureau announced today that September 2016 sales of merchant wholesalers, except manufacturers' sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $444.9 billion, up 0.2 percent (+/-0.4%) from the revised August level and were up 0.4 percent (+/-1.1%)* from the September 2015 level.

Sales of nondurable goods were up 0.1 percent (+/-0.5%)* from August and were up 0.5 percent (+/-1.2%) from last September. Sales of petroleum and petroleum products were up 5.0 percent from last month, while sales of farm product raw materials were down 12.0 percent.

The market on Wall Street began boldly and Americans completely ignore the result of the elections, starting with trade from the reference level. In the coming hours we will see whether this American optimism is not a little exaggerated and did not find serious mistake buyers at current prices. This improvement in the condition of US markets and the return of the DAX at the daily maxima translates into better posture of the Warsaw Stock Exchange. Markets seem to come back from a long trip and a positive final session in Warsaw seems to be possible. However, there is no doubt, that final hour in Warsaw should pass on correlation with Wall Street and the Warsaw market seems to be sentenced to track each step, which will perform US indices.

U.S. stock-index futures trimmed more than two-thirds of their declines spurred by Donald Trump's surprise presidential election win, as speculation the Republican will pursue business-friendly policies offset some of the broader uncertainty surrounding his ascent.

Global Stocks:

Nikkei 16,251.54 -919.84 -5.36%

Hang Seng 22,415.19 -494.28 -2.16%

Shanghai 3,128.77 -19.12 -0.61%

FTSE 6,856.40 +13.27 +0.19%

CAC 4,454.89 -22.00 -0.49%

DAX 10,427.32 -55.00 -0.52%

Crude $44.69 (-0.64%)

Gold $1,303.10 (+2.24%)

"The US dollar weakened sharply against other major currencies during election night as the prospects of a Trump victory strengthened. The weakening of the dollar is a reaction to the political uncertainty surrounding the US due to the election outcome.

Although USD depreciation is likely to persist as long as political uncertainty predominates, our assessment is that Trump's victory should be able to benefit the dollar in the long term, mainly in relation to minor currencies.

Trump's economic policies, the threat to global trade and growing geopolitical uncertainty should create an environment that is favourable to the dollar against many currencies, including the euro and Swedish krona".

Copyright © 2016 SEB, eFXnews™

(company / ticker / price / change ($/%) / volume)

EUR/USD 1.0900 (EUR 275m) 1.0975 (696m) 1.0990 (1.99bn) 1.1000 (330m),1.1070 (367m) 1.1090 (269m) 1.1100 (455m) 1.1115 (232m) 1.1150 (672m) 1.1170(1.09bn), 1.1200 (679m)

USD/JPY 100.00 (305m) 101.00 (225m) 102.00 (616m) 102.50 (523m)

102.80 (400m) 102.90 (330m) 103.00 (488m) 103.25 (582m) 103.50 (230m)

EUR/GBP 0.8850 (230m) 0.9015 (200m)

USD/CHF 1.0000 (USD 531m)

AUD/USD 0.7575 (AUD 201m) 0.7650 (290m) 0.7800 (472m)

USD/CAD: 1.3150 (USD 370m)

Upgrades:

Downgrades:

JPMorgan Chase (JPM) downgraded to Neutral from Outperform at Robert W. Baird; target $72

Other:

EUR/USD

Offers : 1.1250 1.1285 1.1300 1.1325-30 1.1345-50 1.1365 1.1385 1.1400

Bids : 1.1180-85 1.1145-50 1.1125 1.1100 1.1080 1.1050 1.1030 1.1000

GBP/USD

Offers : 1.2430 1.2450 1.2480-85 1.2500 1.2530 1.2550 1.2580 1.2600

Bids : 1.2375-80 1.2350 1.2330 1.2300 1.2280 1.2250-55 1.2200

EUR/GBP

Offers : 0.8980 0.9000 0.9025-30 0.9050 0.9070 0.910

Bids : 0.8920 0.8900 0.8885 0.8860 0.8835 0.8800

EUR/JPY

Offers : 115.00 115.70 116.00 116.30 116.50

Bids : 114.00 113.80 113.50 113.00

USD/JPY

Offers : 103.50 103.80 104.00 104.40-50 104.75-801 05.00 105.20 105.50 105.80 106.00

Bids : 102.80 102.50-55 102.30 102.00 101.80 101.50 101.20 101.00

AUD/USD

Offers : 0.7670 0.7700 0.7730 0.7750 0.7765 0.7780 0.7800

Bids : 0.7600 0.7550 0.7520 0.7500 0.7475-80 0.7450 0.7400

"It will take a very long time to understand the implications of a Trump presidency.

Big picture, it re-enforces the world's shift away from globalization.

In the short-term, the market will likely focus on the following three markers:

Trump rhetoric. Does the potential president-elect sound "presidential" today? Are there signs of moderation in policy, particularly its most controversial aspects on foreign policy? How quickly do we find out about presidential appointments, to the post of Treasury secretary in particular, and are they credible?

Data. There is an unambiguous rise in policy uncertainty and the key question is how much does this impact near-term US and global growth. Both the Fed and the markets will be closely scrutinizing upcoming releases, but we will have to wait until the week of November 21st for the first business confidence surveys (Markit PMI).

Chair Yellen. It is reasonable to assume that the Fed may put December rate hike preparations on hold until more clarity is reached on the data, but even more importantly the market will be looking for confirmation that Chair Yellen will not resign. Trump has been particularly critical of her term so policy continuity will be particularly important.

As far as the dollar goes, there is a clear tension between the negative impact of lower Fed expectations, higher uncertainty and risk premium on US assets compared to the positive implications of Trump's fiscal and corporate tax programs on growth and corporate tax repatriation. We view the impact as unambiguously negative for EM currencies

For developed market currencies the tension between lower Fed expectations near-term but a more positive fiscal story medium-term is balanced enough to keep our forecasts and medium-term dollar bullish outlook unchanged. The one exception to our dollar positive forecasts is USD/JPY, where we view both the Asian geopolitical and risk-aversion impact as sufficiently strong to re-enforce our conviction on our year-end target of 94".

Copyright © 2016 DB, eFXnews™

The first half of today's trading ends for the WIG20 close to 1,764 points. The fall of the morning have not been compensated but the index rebounded strongly enough that we may talk about relatively low withdrawal vs. concern of the election results in the US. All the time important is the attitude of the core markets, which work out losses. The German DAX lost more than 1 percent, and Eurodollar gaining 0.7 percent. USDPLN pair is already in equilibrium. Now a key role should play investors from the USA, who will appear on the exchanges. The decline of the contract for the S&P500 by over 2 percent points that the mood on Wall Street are still nervous and we have to wait for the launch of the end of the panic in the markets. Decline in futures on US indices will inhibit further bulls appetites in Europe and actually force exchanges in the region to wait for the beginning of the session on Wall Street.

Stock indices in Western Europe are down due to concerns following the election of Donald Trump as the new US president.

Markets expected Hillary Clinton's victory, which tend to be viewed as more predictable. Trump's position in matters of foreign policy, trade and immigration, on the contrary, is a source of concern for the markets.

Shortly before the opening of the European session Trump delivered the victory speech, pledging to improve the condition of the American economy and seek dialogue and partnership with other countries.

Experts note that the promises to increase import duties on the goods in the United States and to review foreign trade agreements will adversely affect the world trade volume.

As a result, shares of European companies that receive most of the revenue abroad dropped.

The composite index of the largest companies in the region Stoxx Europe 600 fell 0,7% - to 332.58 points.

Before the opening futures on European indices fell by 4%.

The health sector has increased due to the reduction of risk for the US pricing practices with a Trump victory.

The value BBVA and Banco Santander, that have substantial portfolio of assets in developing countries fell by 6.2% and 2% respectively.

Credit Suisse which receives nearly two-thirds of revenue in the US, is down 1.3%.

Daimler fell by 3,4%, Volkswagen - by 3.5%.

On fears of decline in international traffic share of the Danish carrier Moeller-Maersk fell 3.4%.

Meanwhile, securities of gold mining company Randgold Resources soared 6.4% after the increase in the price of gold because of the high demand for safe assets.

At the moment:

FTSE 6817.58 -25.55 -0.37%

DAX 10354.94 -127.38 -1.22%

CAC 4421.71 -55.18 -1.23%

Economic growth in Europe is expected to continue at a moderate pace, as recent labour market gains and rising private consumption are being counterbalanced by a number of hindrances to growth and the weakening of supportive factors. In its autumn forecast released today, the European Commission expects GDP growth in the euro area at 1.7% in 2016, 1.5% in 2017 and 1.7% in 2018 (Spring forecast: 2016: 1.6%, 2017: 1.8%). GDP growth in the EU as a whole should follow a similar pattern and is forecast at 1.8% this year, 1.6% in 2017 and 1.8% in 2018 (Spring forecast: 2016:1.8%, 2017: 1.9%).

Romania's foreign trade deficit increased in September from a year ago, figures from the National Institute of Statistics showed Wednesday.

According to rttnews, the trade deficit rose to EUR 786.8 million in September from EUR 745 million in the corresponding month last year. In August, the shortfall was EUR 1.02 billion.

Both exports and imports grew by 6.7 percent and 6.5 percent, respectively in September from a year ago.

During the first nine months of the year, total trade deficit of the country was EUR 6.93 billion versus EUR 5.54 billion deficit in the same period of 2015.

• has congratulated Trump

• we know it won't be easy

• Russia ready to do its part

• restoring US-Russian relations is in interest of both countries

This morning, the New York futures for Brent dropped in price 0.98% to $ 45.59 and WTI down 1.13% to $ 44.47 per barrel. Thus, the black gold is trading lower on the background of US elections result. Last time Brent was this low was on August 11. However, after the panic subsided oil might correct by restoring some of the lost positions.

Between Quarter 2 (April to June) 2016 and Quarter 3 (July to September) 2016, the total trade deficit for goods and services narrowed by £1.6 billion to £11.0 billion. There was a £4.5 billion (6.1%) increase in exports of goods and a £3.1 billion (2.8%) increase in imports of goods; these increases were partially offset by a £0.1 (0.1%) billion decrease in exports of services and a £0.3 (0.7%) billion decrease in imports of services.

Between Quarter 2 2016 and Quarter 3 2016, the deficit on trade in goods narrowed by £1.5 billion to £33.2 billion. Exports increased by £4.5 billion (6.1%) and imports increased by £3.1 billion (2.8%).

Between Quarter 2 2016 and Quarter 3 2016, the UK's trade in goods deficit with the EU widened by £0.4 billion to £23.8 billion as imports increased more than export. Between Quarter 2 2016 and Quarter 3 2016, the UK's trade in goods deficit with countries outside the EU narrowed by £1.9 billion to £9.4 billion, attributed to an increase in exports (5.9%).

• At 11:00 GMT the ECB Board Member Peter Praet will make a speech

• At 19:45 GMT the ECB board member Benoit Koeure will deliver a speech

• At 21:00 GMT Andy Haldane of the Bank of England will make a speech

• At 21:01 GMT the United States will hold an auction of 10-year bonds

• At 21:30 GMT FOMC member Neil Kashkari will deliver a speech

• At 23:00 GMT the RBNZ decision on the basic interest rate

EUR/USD 1.0900 (EUR 275m) 1.0975 (696m) 1.0990 (1.99bn) 1.1000 (330m),1.1070 (367m) 1.1090 (269m) 1.1100 (455m) 1.1115 (232m) 1.1150 (672m) 1.1170(1.09bn), 1.1200 (679m)

USD/JPY 100.00 (305m) 101.00 (225m) 102.00 (616m) 102.50 (523m)

102.80 (400m) 102.90 (330m) 103.00 (488m) 103.25 (582m) 103.50 (230m)

EUR/GBP 0.8850 (230m) 0.9015 (200m)

USD/CHF 1.0000 (USD 531m)

AUD/USD 0.7575 (AUD 201m) 0.7650 (290m) 0.7800 (472m)

USD/CAD: 1.3150 (USD 370m)

WIG20 index opened at 1761.64 points (-1.21%)*

WIG 47208.30 -1.91%

WIG30 2021.83 -1.99%

mWIG40 3892.99 -2.36%

*/ - change to previous close

The beginning on the Warsaw Stock Exchange falls under the sign about 2% revaluation, which is still far smaller dimension of punishment than in core markets.

As expected, Europe began the day of declines. Is calmer now on currencies, where EURUSD uplift was reduced to 1 percent. Also, drop the USDPLN pair is the shadow of the previous strengthening. Markets seem to take a little calmer approach to the confusion caused win. From the point of view of the WIG20 index chart, the fall is not so serious.

Consumer prices in China were up 2.1 percent on year in October, the National Bureau of Statistics said on Wednesday.

That was in line with expectations and up from 1.9 percent in September.

On a monthly basis, inflation dipped 0.1 percent after gaining 0.7 percent a month earlier.

Producer prices jumped an annual 1.2 percent - again beating forecasts for 0.9 percent following the 0.1 percent gain in the previous month - rttnews says.

After nearly two weeks of waiting and positioning under the results of the presidential elections in the US markets can face the truth.

At the moment, Trump won a vote of 264 to 215. In the markets, of course, panic and disbelief of those who swore that 2 black swans (first Brexit) in such a short period of time is unrealistic.

The result is a supply in markets. Contracts on the S&P500 falling by more than 3 percent, the Nikkei lost more than 5 percent. Weakening dollar. The currency pair EURUSD rising by 1.5 percent. The effects may be seen also in the zloty pairs, where USDPLN decreasing by 1.2 percent, and the EURPLN rising by 0.4 percent. The same promises a quite large discount on the Warsaw market, which will replicate the movements of the underlying markets.

EUR/USD

Resistance levels (open interest**, contracts)

$1.1338 (3180)

$1.1298 (3760)

$1.1260 (6578)

Price at time of writing this review: $1.1199

Support levels (open interest**, contracts):

$1.1033 (349)

$1.0988 (1856)

$1.0956 (3255)

Comments:

- Overall open interest on the CALL options with the expiration date December, 9 is 61112 contracts, with the maximum number of contracts with strike price $1,1200 (6578);

- Overall open interest on the PUT options with the expiration date December, 9 is 54189 contracts, with the maximum number of contracts with strike price $1,0900 (4770);

- The ratio of PUT/CALL was 0.87 versus 0.88 from the previous trading day according to data from November, 8

GBP/USD

Resistance levels (open interest**, contracts)

$1.2803 (1138)

$1.2705 (1517)

$1.2607 (1233)

Price at time of writing this review: $1.2479

Support levels (open interest**, contracts):

$1.2386 (1276)

$1.2290 (3477)

$1.2193 (892)

Comments:

- Overall open interest on the CALL options with the expiration date December, 9 is 32100 contracts, with the maximum number of contracts with strike price $1,3400 (2560);

- Overall open interest on the PUT options with the expiration date December, 9 is 34099 contracts, with the maximum number of contracts with strike price $1,2300 (3477);

- The ratio of PUT/CALL was 1.06 versus 1.06 from the previous trading day according to data from November, 8

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

European stocks concluded a choppy trading session in positive territory on Tuesday, as investors awaited the outcome of the U.S. presidential election. A win for Democratic nominee Clinton is overall favored by the financial markets as it presents the possibility of more stability for markets compared with a victory for her opponent, Republican nominee Donald Trump.

U.S. stocks came off session highs but ended with gains Tuesday as Americans cast their votes in a historic presidential election. Although official results won't be seen for hours, Wall Street appears to be betting on a Hillary Clinton victory.

Asian equity markets tumbled Wednesday, as investors reacted to the increasing likelihood that Republican candidate Donald Trump will become the next U.S. president.